Search
Paul Krugman Blasts Crypto Industry’s ‘Huge’ Campaign Donations
30.8.2024
In a recent New York Times opinion piece, Nobel laureate Paul Krugman criticized the cryptocurrency industry’s significant influence in campaign finance, likening it to the tale of the emperor’s new clothes. Krugman argued that cryptocurrencies have limited legitimate uses and are often associated...
Fully Onchain AI Model Deployed on Internet Computer (ICP) Blockchain
29.8.2024
Decideai, a Web3 company focused on creating artificial intelligence (AI)-based large language models (LLMs), has deployed its GPT-2 LLM fully onchain via the Internet Computer (ICP) blockchain. This development leverages ICP’s capabilities to support complex, compute-intensive applications...
Lightning Network Protocol Stacks Completes Nakamoto Upgrade With Defi Features
29.8.2024
The Bitcoin Lightning Network’s Stacks protocol has completed its Nakamoto upgrade, finalizing a series of enhancements that began in April 2024. This latest phase, delivered on August 28, 2024, introduces stronger transaction finality guarantees, reduces miner extractable value (MEV)...
‘World’s Coolest Dictator’ Bukele Promotes El Salvador as Free Speech Haven
25.8.2024
El Salvador President Nayib Bukele highlighted his country’s commitment to free speech and safety in a recent social media post, indirectly referencing the arrest of Telegram CEO Pavel Durov in France. Bukele emphasized that El Salvador guarantees freedom from arrest, censorship, and asset seizure...
Vitalik Buterin Raises Concerns Over Telegram CEO’s Arrest and Its Implications for Tech Freedom
25.8.2024
Ethereum founder Vitalik Buterin has voiced his concerns following the arrest of Telegram CEO Pavel Durov in France. Buterin criticized Telegram’s previous approach to encryption but expressed alarm over the arrest, suggesting it poses a threat to software and communication freedom in Europe....
Tether to Launch UAE Dirham-Pegged Stablecoin
22.8.2024
Tether, the major stablecoin issuer, has announced plans to launch a new stablecoin pegged to the United Arab Emirates Dirham (AED). This initiative, in collaboration with the UAE-based Phoenix Group, aims to provide a secure and efficient means of transacting in AED, catering to both businesses...
Monero Begins Integration of New Privacy Feature (FCMP++) to Enhance Transaction Security
22.8.2024
The Monero team has announced the initiation of a new privacy feature integration, known as Full-Chain Membership Proofs (FCMP++). This feature aims to significantly enhance transaction security and privacy on the Monero network by proving that the output spent is one of any output on the chain....
Hackers Exploit McDonald’s Instagram to Promote Fake Grimace Coin, Netting $700,000 in Solana
22.8.2024
Hackers recently took control of McDonald’s official Instagram account to promote a fraudulent Grimace meme coin, successfully scamming users out of $700,000 in Solana. The attackers also compromised the personal X account of McDonald’s Senior Marketing Director to further spread the scam. Grimace...
Binance Faces Renewed Legal Battle Over Alleged Crypto Money Laundering
21.8.2024
Binance and its former CEO, Changpeng Zhao (CZ), are facing a revived class action lawsuit in the U.S. District Court for the Western District of Washington, Seattle. The lawsuit, filed by three cryptocurrency investors, alleges that Binance facilitated money laundering of stolen crypto assets...
Roman Ziemian Arrested in Montenegro for Alleged $21 Million Cryptocurrency Fraud
21.8.2024
Roman Ziemian, co-founder of the cryptocurrency platform Futurenet, was arrested in Montenegro for allegedly orchestrating a $21 million cryptocurrency fraud scheme. The arrest was part of an international law enforcement operation involving Montenegrin authorities and Interpol. Ziemian, who...
Ledn Secures Landmark $50 Million Bitcoin-Backed Loan From Sygnum to Expand Retail Lending Operations
21.8.2024
Ledn, a crypto lending firm, has secured a $50 million Bitcoin-backed syndicated loan from Sygnum, a Swiss digital asset banking group. This loan will be used to expand Ledn’s retail lending operations, providing additional liquidity to the crypto sector and the $1.38 trillion syndicated loan...
Former Coinbase CTO Balaji Srinivasan’s Network School Receives Overwhelming Global Response
20.8.2024
Balaji Srinivasan has announced that his Network School has received an overwhelming response, with thousands of applications pouring in from over 80 countries. In light of this unprecedented interest, the school is expanding its capacity to accommodate more students. Admission decisions will...
Decentralized Bitcoin Exchange Bisq 2 Adds Support for Lightning Network
20.8.2024
Bisq 2, the decentralized Bitcoin exchange, has announced the integration of the Lightning Network in its latest release, version 2.1.0. This update introduces faster and cheaper transactions, leveraging the Lightning Network’s off-chain capabilities. Alongside this, Bisq 2.1.0 also features a...
Declarative Blockchain Developer Essential Secures $11M Series A Round
14.8.2024
Essential has successfully secured $11 million in Series A funding. The round was led by Archetype, with contributions from IOSG, Spartan, Mirana, Amber Group, Maven 11, Bodhi Ventures, Big Brain Holdings, Heartcore Capital, Selini, DCLM, and Propeller Heads, and others. This funding will...
Tether Invests $3 Million in Kem App to Boost USDT Usage in the Middle East
14.8.2024
Stablecoin issuer Tether has announced a $3 million strategic investment in the Kem app, a platform for money transfers and financial management. This collaboration aims to introduce USDT on Kem’s platform, promoting widespread adoption in the Middle East and enhancing financial inclusion....
Crypto.com Becomes Global Cryptocurrency Partner of UEFA Champions League in Multi-Year Deal
14.8.2024
Crypto.com and UEFA have announced a multi-year partnership, making Crypto.com the first and exclusive global cryptocurrency platform partner of the UEFA Champions League. This collaboration aims to enhance fan engagement by integrating cryptocurrency into the football experience, featuring...
Vega Protocol Launches Decentralized Prediction Market With Colosseo II Upgrade
11.8.2024
Vega Protocol has launched its prediction market feature as part of the Colosseo II upgrade. This new development allows users to bet on future events using the Cosmos network infrastructure, offering both binary and non-binary settlement options. The upgrade also includes live game scoring...
Automobili Lamborghini Partners With NFT Gaming Giant Animoca Brands
9.8.2024
Automobili Lamborghini and Animoca Brands, known for non-fungible tokens (NFTs), Web3 gaming, and the metaverse, have announced a collaboration to enhance brand engagement in the automotive industry. This partnership aims to deliver unique experiences for Lamborghini’s fans and customers...
Federal Reserve Cracks Down on Customers Bank’s Crypto Strategy
9.8.2024
The U.S. Federal Reserve has taken decisive action against Customers Bank, highlighting significant compliance deficiencies in its digital asset strategy and instant payments network. The enforcement action mandates the bank to bolster its Anti-Money Laundering (AML) protocols and limit risks...
Mutiny to Cease Operations Amid Technical Challenges in Bitcoin Lightning Wallet Development
8.8.2024
Mutiny Wallet has announced that it will be shutting down its operations by the end of 2024 due to significant technical challenges in Bitcoin Lightning wallet development. The company is exploring alternative products and has decided to wind down the wallet as it becomes increasingly complex...