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Jimbos Protocol hacked for over $7.5 million using flash loan exploit
29.5.2023
Shortly after it fell victim to a hack, Arbitrum-based Jimbos Protocol has decided to seek the help of security researchers and on-chain analysts who collaborated on investigating similar attacks which targeted protocols such as Euler Finance and Sentiment....
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US Debt Ceiling Deal Leaves Out Cryptocurrency Mining Tax, Congressman Confirms
29.5.2023
In a deal by President Joe Biden and Republican House Speaker Kevin McCarthy to raise the US debt ceiling, there is one part notably absent — a tax on cryptocurrency mining.
Over the weekend, Biden and McCarthy closed in on a deal to raise the debt ceiling with a plan to get Congress on board this...
Trezor Sales Skyrocket by 900% Despite Reddit Scam Warnings
29.5.2023
Hardware wallet maker Trezor’s sales just skyrocketed by 900% week-over-week, despite Reddit users warning that fake Trezor phishing websites are being promoted across social media.
Reddit user bitcoin-o-rama warned Reddit users that the social media site allows scammers to pay to promote fake...
Winklevoss Twins’ Exchange Gemini and Crypto Lender Genesis Ask US Court To Dismiss SEC Lawsuit
29.5.2023
Cryptocurrency exchange Gemini and bankruptcy crypto lending platform Genesis are firing back after being sued by the US Securities and Exchange Commission earlier this year.
Genesis and Gemini are asking the United States District Court for the Southern District of New York to dismiss the case...
Venezuelan Petro Blockchain Faces Operational Difficulties, Hundreds of Wallets Allegedly Blocked
29.5.2023
The blockchain of the petro, the Venezuelan official cryptocurrency asset, has been facing difficulties, halting on May 24, with block production restarting on May 27 only to stop again on May 28. Asonacrip, a local cryptocurrency association, also reported that hundreds of petro wallets were...
Ethereum Transaction Volume Rivals Visa As Blockchain Transactions Soar
29.5.2023
Ethereum may be far younger than the traditional payments giants, such as Visa, but it has shown (yet again) that blockchain, in a single decade, developed into a force to be reckoned with. ...
Read More: Ethereum Transaction Volume Rivals Visa As Blockchain Transactions Soar
Bitcoin's Short-Term Holders Are Again Selling at Profit
29.5.2023
Short-term holders' renewed profitability is a positive signal for near-term price action, according to on observer
Dogecoin’s Transaction Surge Surpasses Bitcoin and Ethereum With 2 Million Transactions Settled in 24 Hours
28.5.2023
The Dogecoin blockchain has witnessed a significant surge in transaction activity ever since the inception of DRC20 tokens. When compared to other prominent networks, Dogecoin has stood out with its substantial volume of processed transactions. Recent statistics reveal an unprecedented milestone...
Institutions seek detailed blockchain analytics for crypto adoption — Elliptic
28.5.2023
Large financial institutions are getting involved in digital assets by investing capital, time and effort into on-chain analytics solutions
Blockchain-Based Re-Usable KYC ‘Particularly Valuable in Web3’ — Cheqd CEO Fraser Edward
28.5.2023
According to Fraser Edward, the CEO and co-founder of the public permissionless network, Cheqd, one of the main hurdles faced when attempting to move data stored on Web2 servers to Web3 is “establishing a clear and scalable revenue model.” Edward however suggested overcoming this hurdle...
Why is Grand Theft Auto 6 unlikely to incorporate cryptocurrencies?
27.5.2023
From time to time, rumors surface that Grand Theft Auto 6 will integrate cryptocurrency, fueling expectations that the franchise may make its way to Web3
Economist Peter Schiff Surprises Critics, Dives Into Bitcoin-Backed NFT Market
27.5.2023
Economist and ardent gold advocate Peter Schiff caused a stir on Friday by announcing his participation in an upcoming art sale featuring non-fungible tokens (NFTs). These unique digital collectibles will be minted on the Bitcoin blockchain using Ordinal inscription technology. Schiff’s...
US Sen. Lummis Says President Biden Is Picking ‘Winners and Losers’ With Proposed Crypto Mining Tax
27.5.2023
The Biden administration is picking “winners and losers” in a proposal to tax cryptocurrency miners, US Sen. Cynthia Lummis said in a tweet on Thursday.
The Wyoming Republican called Biden’s proposed 30 percent tax a “blatant attempt by the administration to pick winners and losers.”
“I will...
Nike's Swoosh Web3 Platform Surpasses $1 Million in Sales
26.5.2023
SWOOSH, a web3 platform developed by the popular sports brand Nike, has already generated more than $1 million in sales from its first sneaker-themed non-fungible token (NFT) collection.
The strong sales number indicates that despite some early technical issues and delays, the demand...
Crypto Exchange Gemini Selects Ireland for Its European Headquarters
26.5.2023
Crypto exchange Gemini will have a second home in Ireland after co-founder Cameron Winklevoss announced it would make Ireland its European headquarters.
Gemini, which is run by both Cameron Winklevoss and his twin Tyler, is based in New York. ...
Read More: Crypto Exchange Gemini Selects Ireland...
Open Games Unveils Luke Goss as Ambassador for Europe’s Leading Gaming, Art, and Blockchain Event
26.5.2023
PRESS RELEASE. Zaragoza – Open Games is thrilled to announce the appointment of Luke Goss as the Ambassador for Europe’s most prestigious gaming, art, and blockchain event. This four-day extravaganza, Open Game Con, set to take place in Zaragoza, promises to be a unique celebration that...
US Lawmakers Urges the SEC To Include State-Regulated Custodians in New Rule
26.5.2023
Lawmakers urged a US regulator to not further limit certain financial stakeholders in its proposed rule tightening cryptocurrency custody requirements.
Republican Rep. Mike Flood of Nebraska and Democratic Rep. Ritchie Torres of New York sent a letter to the Securities and Exchange Commission...
EU Investment Firms Should ‘Clearly Disclose’ That Some Assets, Including Crypto Are Unregulated: ESMA
26.5.2023
Investment firms should make sure clients are aware of the regulatory status of the products they offer, including cryptocurrency, according to the latest notice from the European Union’s financial markets regulator.
The European Securities and Markets Authority, or ESMA, said it was concerned...
Stablecoins Are the 'Glue' Between the Real Economy and Blockchain: Binance Japan General Manager
26.5.2023
Tsuyoshi Chino added that Binance J.apan may be still "a long way off" its business and activities being properly understood in gaining regulatory acceptance
Microsoft's Smith Calls for More Regulation of Artificial Intelligence
26.5.2023
Artificial intelligence (AI) may the “the most consequential” technological change in our lifetime, and governments now need to learn how to control it, according to Microsoft President Brad Smith.
Speaking at a panel discussion in Washington, D.C. on Thursday, Smith said that “government needs...