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Next Bitcoin Mining Difficulty Change Estimated to Decrease as Block Times Have Lengthened
4.2.2023
The last two mining difficulty changes on the Bitcoin network have driven difficulty to an all-time high, causing a decrease in hashrate and block interval speed. Before the latest difficulty retarget increase of 4.68%, block intervals were faster than the 10-minute average, at approximately...
Debate Intensifies Over Significance and Implications of Ordinal Inscriptions on Bitcoin Blockchain
4.2.2023
During the past two weeks, members of the cryptocurrency community have discussed the non-fungible token (NFT) concept known as Ordinals. Since the 3.96 MB block (#774,628) was mined, there has been a significant increase in Ordinal inscriptions on the Bitcoin blockchain. Ordinal Inscriptions...
CFTC Chair: Agency Well-Positioned to Regulate Crypto
4.2.2023
The Commodity Future Trading Commission is "well positioned" to address regulatory gaps in the crypto market, according to CFTC Chair Rostin Behnam.
In prepared remarks for a February 3 American Bar Association event, Behnam said his stance toward cryptocurrencies has not changed. He said...
Hackers Stole $3.8 Billion From Crypto Firms in 2022, Says Chainalysis
4.2.2023
Blockchain analytics firm Chainalysis says 2022 was “the biggest year ever for crypto hacking,” with $3.8 billion stolen from cryptocurrency businesses. The firm added that decentralized finance (defi) protocol hacks accounted for 82.1% of all cryptocurrency stolen by hackers during...
The IBM–Maersk blockchain effort was doomed to fail from the start
3.2.2023
Observers can learn a few things from the failed effort by IBM and Moller-Maersk to develop TradeLens, a blockchain-enabled global trading platform
Sberbank Set to Launch Decentralized Finance Platform Based on Ethereum
3.2.2023
A recent report details that Russia’s largest financial institution, Sberbank, plans to launch a decentralized finance (defi) platform in May. Konstantin Klimenko, product director of Sberbank’s blockchain laboratory, said that open testing will begin in March. Sberbank’s Defi...
Today in Crypto: Ethereum to Activate Zhejiang Testnet Next Week, Sberbank to Release a DeFi Platform by May, Titan Comics to Launch a Comic Series Based on Nouns NFTs in April
3.2.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Ethereum to Activate Zhejiang Testnet Next Week, Sberbank to Release a DeFi Platform by May, Titan Comics...
Lodestar announces the mega launch of v1.4.0
3.2.2023
Lodestar has announced the launch of v1.4.0. The update brings several fixes to ensure that it offers security, stability, and the absence of all the vulnerabilities that were publicly reported between 2020 – 2022. Proposed first in November 2021, the mechanism is now ready to be used...
Binance Terminates Wallet Services to WazirX, Asks Exchange to Withdraw Assets
3.2.2023
Binance has stopped providing wallet services to WazirX, asking the Indian crypto exchange to withdraw any remaining assets held in Binance wallets.
In a Friday blog post, the largest cryptocurrency exchange in the world said it is terminating the use of its wallet services by WazirX due...
North Korean Defectors, Libyans Indicted for ‘Kimchi Premium’ Crypto Trading
3.2.2023
South Korean prosecutors have arrested a group of foreign nationals – comprising North Korean defectors and at least one Libyan national – over suspected “kimchi premium”-type crypto trading offenses.
Per Yonhap, prosecutors have charged and detained three individuals, including a 44-year-old...
Silvergate Bank Stock Plunges After Report of DOJ Investigation into Ties with FTX and Alameda
3.2.2023
Silvergate shares have seen a sharp drop in pre-market trading following the news that US officials have launched a probe into the crypto bank's dealings with fallen crypto giants FTX and Alameda Research. ...
Read More: Silvergate Bank Stock Plunges After Report of DOJ Investigation into Ties with...
Ebay Expands Into NFT and Web3 Space With New Job Openings
3.2.2023
The online marketplace giant, Ebay, is seeking to fill several positions in the area of Web3 and non-fungible token (NFT) technology, according to several Linkedin job postings. Ebay is looking for a “creative crypto attorney” for the marketplace, Knownorigin, which it acquired in June...
OpenSea serves as an example of why crypto security must improve
3.2.2023
For cryptocurrency to achieve mass adoption, breaches that can be easily prevented — like the phishing attack that resulted in OpenSea losing $1.7 million — need to end
Huawei NFTs, Toyota’s hackathon, North Korea vs. Blockchain: Asia Express
2.2.2023
Our weekly roundup of news from East Asia curates the industry’s most important developments. Huawei moves to trademark its NFTs According to a Jan. 28 report by Sina News, Chinese telecom giant Huawei has recently filed for eight trademarks related to its Huawei “YunYunBao” nonfungible tokens...
Crypto Software Firm President: We're Trying to Make California’s DMV More Efficient With Blockchain
2.2.2023
Car titles that once lived on paper will be reflected as digital assets on-chain, reducing the need for paper title transfers. Andrew Smith, president of blockchain software company Oxhead Alpha, discusses why his firm is turning to the Tezos blockchain to build out the protocol
Smart Contract Token Market Soars to $332 Billion; Defi Value Reaches High Not Seen Since FTX Collapse
2.2.2023
The smart contract token economy rose 5.6% against the U.S. dollar on Thursday, reaching $332 billion. Additionally, the value locked in decentralized finance (defi) increased to nearly $50 billion, a record high not seen since the collapse of FTX. Smart Contract Economy and Defi TVL Bounces Back...
FIO Protocol Launches NFT Domains Wrapped on Polygon
2.2.2023
PRESS RELEASE. FIO Protocol, the leading decentralized solution for global blockchain usability, has announced the launch of FIO Domain wrapping on the Polygon blockchain. Wrapping is the process of taking a token from one blockchain and making it available for use on another. This launch moves...
Today in Crypto: Top 10 Crypto Ransomware Attacks Took $69M in BTC Payments, Chainalysis Laid Off 5% of Workforce, TeraWulf Starts Public Offering of Common Stock
2.2.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Top 10 Crypto Ransomware Attacks Took $69M in BTC Payments, Chainalysis Laid Off 5% of Workforce, TeraWulf...
Bitcoin Records Largest Mined Block to Date, 4 MB Block Containing NFT Causes Unease Among Small-Block Supporters
2.2.2023
Amid the controversy surrounding the Ordinals project and the debate over what types of data should be stored on the Bitcoin blockchain, the network mined its largest block, nearly 4 MB in size, containing just 63 transactions. One of the transactions was a 3.94 MB Ordinal inscription featuring...
Billionaire Charlie Munger Says America Should Ban Crypto – Here's Why
2.2.2023
The US should follow in China’s footsteps and implement “a ban of cryptocurrencies,” according to billionaire investor Charlie Munger.
Writing in an opinion piece for the Wall Street Journal on Wednesday, Mr. Munger said crypto “isn’t a currency,” and likened the crypto market to a casino “with...