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Blockchain Security Firm CertiK Reveals Vulnerability in Worldcoin Protocol Allowing Unverified Orb Operator Access
5.8.2023
Blockchain security firm CertiK has disclosed a vulnerability in the Worldcoin protocol that allowed unauthorized access for an Orb operator.
In a recent Twitter thread, CertiK explained that the vulnerability allowed anyone to bypass the verification requirements to become an Orb operator...
Weiss (Blockchain Casino): Bitcoin Casino & Sports Betting
5.8.2023
Weiss.bet is a crypto gambling casino that has been operating since 2023. Although a relatively new casino, Weiss.bet offers a wide range of games as they are associated with several game studios. This ensures that players of all experience, whether … Continued
The post Weiss (Blockchain...
Alameda-Backed Coins Experienced Suspected Bot-Driven Price Surge on FTX, Study Suggests
4.8.2023
Several digital tokens that Sam Bankman-Fried’s trading firm Alameda Research had ties to pumped in price after they were listed on now-bankrupt crypto exchange FTX, according to a report from Network Contagion Research Institute (NCRI).
The tokens, which included well-known names like BOBA, GALA...
Warren and Sanders Urge IRS and Treasury to Enforce Rules Against Crypto Tax Evaders
4.8.2023
Almost two years after Biden’s infrastructure bill became law, two high-profile Democrat senators are keen on ensuring that crypto reporting requirements within the bill are properly enforced.
Senators Elizabeth Warren (D-Mass.), Bob Casey (D-Pa.), and Richard Blumenthal (D-Conn.) joined Bernie...
Crypto Exchange Coinbase Narrows Losses Thanks to Cost Reduction Strategy
4.8.2023
Major US-based crypto exchange Coinbase has reported a smaller loss in the second quarter this year compared to the same quarter last year, while its revenue exceeded analysts’ expectations.
Coinbase’s loss for the quarter came in at $97 million, down from $1.1 billion a year before, the firm’s...
Robinhood's Q2 Earnings Show 18% Decline in Crypto Trading Revenue
4.8.2023
In its Q2 2023 earnings report, Robinhood (HOOD), the online trading platform known for its crypto-friendly approach, revealed crypto trading revenue of $31 million, representing an 18% decrease from the previous quarter's $38 million.
Despite this decline, Robinhood achieved profitability...
Lithuanian Financial Intelligence Arm Lists Several Crypto Firms as New AML Violators
4.8.2023
The Financial Intelligence Unit (FNTT) of Lithuania has released a new list of anti-money laundering (AML) violators, featuring several crypto service providers in the country.
Lithuania is fast becoming a significant player in the European digital asset market, with its progressive approach...
Certik Uncovers Security Vulnerability in Worldcoin’s Verification Process
4.8.2023
On May 29, 2023, Certik, a blockchain and smart contract auditing firm, reported a critical security vulnerability within Worldcoin’s verification process. This flaw could have allowed attackers to bypass strict identification measures and operate an Orb, a device used to collect users’...
Avalanche Blockchain Usage Grew in Second Quarter: Nansen
4.8.2023
The Avalanche C Chain saw daily active address and transaction volume – two important metrics to gauge a blockchain’s health level – increase significantly in the period
Binance Appoints New Deputy Chief Compliance Officer and Global Money Laundering Reporting Officer
4.8.2023
On Thursday, Binance announced Kristen Hecht as the new Deputy Chief Compliance Officer (CCO) and Global Money Laundering Reporting Officer (GMLRO), a new role amid potential fraud charges from U.S. regulators.
Amid ongoing investigations into its practices, Binance has witnessed the departure...
Bernstein Report: Top Crypto Miners Set to Benefit Most as Capacity Surges
4.8.2023
Wealth management company, Berstein has said that digital asset mining firms with high capacity and a low production cost will become the biggest gainers in the wake of recent trends.
According to the report released on Aug 3, the top 4 largest miners who have invested heavily in equipment...
Digital Bank Revolut to Suspend Crypto Services For US Customers Citing Regulatory Uncertainty
4.8.2023
Crypto-friendly British neobank Revolut has announced plans to halt its crypto services for US customers.
The digital bank cited the market uncertainty and changes to the local regulatory landscape in the country for suspending crypto services.
The England-based fintech firm will suspend...
Ensuring integrity of blockchain transactions: Trust through audits
4.8.2023
Reliable auditing procedures are important for ensuring the integrity of blockchain networks
opBNB associates with COMBO unlocks Layer2 potential
4.8.2023
opBNB, which is a Layer 2 solution, has formed an exclusive association with COMBO, a top gaming-oriented Layer 2 technology. Together, they will be setting off a cross-chain activity, the focus remaining on uninterrupted interactions in terms of on-chain assets. They will be leading in matters...
Jack Dorsey's Block Q2 Revenue Soars to $5.5 Billion, Led by Strong Bitcoin Sales
4.8.2023
Block, the payments firm led by Twitter founder Jack Dorsey, saw its revenue soar to $5.5 billion in the second quarter, partly thanks to strong growth in Bitcoin (BTC) sales on the platforms.
Out of the total $5.5 billion in revenue, a whopping $2.4 billion came from sales of Bitcoin,...
US SEC Chair Gary Gensler Sidelines Cryptos and Says AI “Warrants The Hype”
4.8.2023
The head of the US securities and exchange commission (SEC) Gary Gensler thinks that the “transformative” power of artificial intelligence (AI) makes it a regulatory priority than cryptocurrencies.
Shifting his focus from cryptocurrencies, Gensler says AI “warrants the hype” as he regards...
Offchain Labs introduces BOLD
4.8.2023
Offchain Labs introduces BOLD (Bounded Liquidity Delay), a dispute protocol that allows permissionless authentication for Arbitrum chains, along with providing a guarantee of longevity of the chain and minimum latency, and obstructs doubtful entities from increasing costs for entities with...
Ukraine's Game4Ukraine Soccer Match Utilizes Metaverse for Fundraising
4.8.2023
Besides the real-world event, Game4Ukraine, a charity soccer match announced by Ukrainian President Volodymyr Zelenskyy, will also be played at a virtual stadium for the metaverse visitors - featuring exclusive perks.
The celebrity match will take place on August 5 at Chelsea’s Stamford Bridge...
Tech Entrepreneur Ilya Lichtenstein Admits to Masterminding $4.5 Billion Bitcoin Heist
4.8.2023
Tech entrepreneur Ilya Lichtensteind, a Russian-American citizen, has admitted to committing the original 2016 Bitfinex hack, CNBC reported.
Earlier, Lichtensteind and his wife Heather Morgan had confessed to attempting to launder $4.5 billion worth of Bitcoin stolen from Bitfinex.
Until...
Crypto Assets Held in Self-Custody Wallets Have ‘a Non-Zero Chance’ of Getting Stolen — Fairside Network CEO
4.8.2023
According to Brandon Brown, the co-founder and CEO of Fairside Network, self-custody crypto wallets generally lack inbuilt insurance coverage to protect against theft or loss. Brown attributes this to the challenges encountered when assessing digital asset risks as well as “the absence...