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Bitcoin Fees Decrease, But Over 257,000 Pending Transactions Await Confirmation
5.6.2023
Although the Bitcoin blockchain’s average transaction fees have decreased since surpassing $30 per transfer on May 8, there are still over 257,000 pending transactions awaiting confirmation. Furthermore, from May 1 onwards, the network has successfully verified anywhere from 355,000 to over...
Elliptic to Utilize Chatgpt in Intelligence Gathering
4.6.2023
Blockchain analytics company Elliptic said it’s going to use Openai’s Chatgpt to support its intelligence gathering and research. The AI-based language model will allow its experts to speed up and expand the analysis of new risks related to crypto assets. Blockchain Forensics Firm Elliptic...
‘Talk2Satoshi’ — Developer Launches Unique AI Chatbot Infused With Bitcoin Knowledge
4.6.2023
In the midst of the buzz surrounding artificial intelligence (AI), a developer has crafted a fresh chat platform that harnesses the power of Openai’s Chatgpt. However, this creation sets itself apart by being trained on a myriad of resources specifically focused on Bitcoin and its enigmatic...
NFT Sales Climb 39% in One Week, While Bitcoin NFT Sales Maintain Rapid Momentum
3.6.2023
While non-fungible token (NFT) sales witnessed a substantial increase in May, demonstrating significant progress, recent data indicates that NFT sales have soared by 39.35% within just the last week alone. Furthermore, sales figures for the trailing week demonstrate that the Bitcoin blockchain...
Breaking - Atomic Wallet Hacked, Crypto Analyst ZachXBT Investigates
3.6.2023
Reports are emerging that Atomic Wallet has been hacked and user funds compromised, with some victims having their entire balance drained.
Today, June 3rd, @AtomicWallet tweeted:
On-chain sleuth ZachXBT, who has in the past managed to trace where stolen funds were sent to and helped authorities...
Mysterious Disappearance of Multichain CEO Sends Shockwaves Through Crypto Community
3.6.2023
Four days ago, on May 31, 2023, the cross-chain protocol Multichain announced on Twitter that the team has been unable to locate the firm’s CEO. As a result, controls to several blockchain network routers have been impaired. The project’s native token, MULTI, has experienced a...
Biggest Movers: TRX Hits 1-Year High, Following Integration on Ethereum Network
3.6.2023
Tron rose to a one-year high to start the weekend, as founder Justin Sun confirmed an integration to the ethereum blockchain network. In a tweet, Sun said, “TRON has now expanded its reach by going live on the Ethereum blockchain by leveraging the BitTorrent bridge.” Tron (TRX) Tron...
Draft Legislation From House Republicans Drums Up Support From Crypto Advocates
3.6.2023
New draft legislation is drumming up support among cryptocurrency advocates who cheered its focus on defining what constitutes a security versus a commodity.
Republican lawmakers teamed up on Friday in the US House Financial Services Committee and the House Agriculture Committee on a discussion...
Privacy-focused Aleo blockchain gets new wallet as mainnet launch approaches
2.6.2023
The wallet developer also raised $4.5 million from HackVC and other firms to further advance ZK-based enterprise solutions
Blockchain Association Files Amicus Brief To Support Coin Center’s Lawsuit Over Tornado Cash Sanctions
2.6.2023
Washington DC-based Blockchain Association filed an amicus brief in support of crypto think tank Coin Center’s lawsuit against the US Treasury Department over its sanctions against Tornado Cash.
Treasury sanctioned the crypto mixer in August, claiming that it laundered more than $7 billion worth...
Largest Russian Bank Sberbank Opens Developer Access to in-House Defi Platform
2.6.2023
Sberbank, the largest bank in the Russian Federation, announced that it opened access to its in-house decentralized finance (defi) platform to allow developers to test its capabilities. Reports indicate that Sberbank’s Comunity, the Ethereum-based blockchain decentralized finance solution...
Crypto Assets Should Be Classified as Securities, Says European Parliament Study
2.6.2023
A study commissioned by the European Parliament has proposed that all crypto assets should be treated as transferable securities by default.
To avoid being classified as a security, the study’s authors proposed that the intermediary behind a crypto asset can get an exemption from a national...
Blockchain Association Files Amicus Brief in Coin Center Lawsuit Against U.S. Treasury Over Tornado Cash Sanctions
2.6.2023
In a statement, the trade group’s CEO Kristin Smith, said that regulatory actions should only target bad actors
House Republican Leaders Release Discussion Draft To Draw Clear Lines on Digital Asset Definitions
2.6.2023
Republican lawmakers teamed up in the US House Financial Services Committee and the House Agriculture Committee on a discussion draft to regulate digital assets.
The legislation, released on Friday, seeks clarity on when a digital asset would be considered a security and thereby regulated by...
Billionaire Justin Sun Says Huobi's ID Token Could Grant Citizenship in Dominica – Here's What You Need to Know
2.6.2023
Billionaire Tron (TRX) founder Justin Sun has predicted that tokenized know-your-customer (KYC) checks will become increasingly prevalent as regulations tighten, while offering his own identity token that grants holders "citizenship" in Dominica’s metaverse....
Read More: Billionaire Justin...
Bridge Exploits Cost $2B in 2022, Here’s How They Could Have Been Averted
2.6.2023
The bridges that are essential to our multi-chain cryptoverse are vulnerable to hacks. But an analysis of some of the biggest exploits of the past year reveals that applying multiple security measures in combination could have blocked the attacks, writes Gnosis co-founder Martin Koppelmann
Taurus deploys on Polygon blockchain for asset tokenization and custody
2.6.2023
Taurus raised $65 million in a funding round three months ago. Its clients can now issue digital securities automatically
TikTok Influencer Uses Bitcoin to Launder Fraudulent COVID Relief Funds - Here’s What Happened
2.6.2023
Denish Sahadevan, a 31-year-old social media influencer, has pleaded guilty to a series of criminal charges related to money laundering using cryptocurrency.
The US prosecutors have alleged that Sahadevan fraudulently obtained more than $1.2 million in government relief loans.
On May 31, the...
Animoca Brands' Chairman Attributes Delayed 2020 Accounts to Recent Turbulence
2.6.2023
A leading Hong Kong-based blockchain gaming and Web3 investor, Animoca Brands, has delayed its financial report since 2020.
The firm received an extension until the end of Q1 2023 to publish its 2020 audited accounts but has yet to do so.
In a recent report, the company’s chairman, Yat...
US Regulator Sets It Sights on Crypto Risks in Potential Risk Management Rules
2.6.2023
The US Commodity Futures Trading Commission is taking a closer look at its rules governing risk management, with an eye towards digital assets.
The agency published an advanced notice of proposed rulemaking on Thursday, asking for public comment on risk management requirements for swap dealers...