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Layer 2 Networks Account For Nearly Two-Thirds of Ethereum Transactions: Report

10.10.2023
Ethereum’s layer 2 networks have gained significant traction in the past few years as developers seek faster and cheaper solutions to interact with the blockchain. According to a new report released by blockchain intelligence firm, Messari, layer 2 solutions recorded 61% of the entire Ethereum...

FTX Could Have Lost Over $1B Due to Lax Security Practices: Report

10.10.2023
Attackers were able to steal nearly $400 million worth of various tokens after FTX was hacked in November 2022. But it could have been worse

Estonia-Licensed Crypto Firms Blamed for €1 Billion in Damages

10.10.2023
Bad actors exploited Estonia’s once liberal licensing regime for crypto companies to defraud investors and commit other crimes, an investigative report claims. The authors say they discovered dozens of such cases, including scams and schemes for sanctions evasion and money laundering. Since Tallinn...

Report: Australian Police Seize Crypto Worth $1.5 Million From Dark Web Drug Dealer

10.10.2023
The police in the Australian state of South Australia recently seized cryptocurrency worth $1.5 million from an alleged dark web drug dealer. Police also recovered a “large quantity” of the synthetic opioid nitazene as well as tens of thousands of dollars in cash. ‘Illicit...

Bitcoin ASIC manufacturer Bitmain pauses employee salary payments: Report

9.10.2023
The firm cited difficulty in achieving "net positive cash flow," in making the decision

Crypto Products Record $78 Million Inflows, Marks Highest Point Since July: Report

9.10.2023
The digital asset market notches major growth as products see inflows totaling $78 million, its highest week since July. A new CoinShares market report shows significant growth in the market this week following an increase in investor appetite for crypto products across several jurisdictions. Per...

Report Claims Lord Of The Rings: Gollum Publisher Used AI To Write Apology

9.10.2023
An investigation by German outlet Game Two into what went wrong during the development of Lord of the Rings: Gollum has made claims that the publisher’s apology for the terrible state of the released game was written by AI ChatGPT. The claim appears alongside a laundry list of alleged issues behind...

EU mulls more restrictive regulations for large AI models: Report

9.10.2023
Negotiators in the EU are reportedly considering additional restrictions for large AI models - like OpenAI’s GPT-4- as a component of the forthcoming AI Act

Crypto Exchange Upbit Faced Over 159,000 Hacking Attempts in H1 2023: Report

9.10.2023
South Korea's largest cryptocurrency exchange, Upbit, was reported to be the target of hacking attempts on over 159,000 occasions during the first half of 2023.... Read More: Crypto Exchange Upbit Faced Over 159,000 Hacking Attempts in H1 2023: Report

Crypto exchange Upbit was targeted by hackers 159K times in H1: Report

9.10.2023
The figure is more than double recorded in the first half of 2022 and a massive 1800% increase from the same period in 2020, according to the operating firm

Chatgpt Maker Openai Mulling Own AI Chips, Report Unveils

9.10.2023
Openai, the developer of Chatgpt, is considering ways to overcome the shortage of chips needed to power its artificial intelligence (AI) product. One of the options that’s being discussed in the company, according to a recent media report, is to build its own powerful processor. Openai Reportedly...

Biggest Movers: BCH, TRX Snap Losing Streak to Start the Weekend

7.10.2023
Bitcoin cash was one of the big gainers to start the weekend, as the cryptocurrency ended a two-day losing streak. Overall, the momentum in the market was marginally higher, as traders continued to consume the latest U.S. nonfarm payrolls report. TRON also returned to the green on Saturday. Bitcoin...

Report: Hong Kong Crypto Exchange JPEX Converts Users’ Funds to an Illiquid Digital Token

7.10.2023
The Hong Kong cryptocurrency exchange JPEX recently converted user funds to a native token known as JPC. According to JPEX, affected users will only be able to cash this token out after two years. One affected user said the crypto exchange did not inform them of the conversion rate used to complete...

JPMorgan Report: Ethereum's Centralization Increased Post Merge and Shanghai Upgrades

7.10.2023
Ethereum's recent surge in ether (ETH) staking, spurred by the Merge and Shanghai upgrades, has raised concerns surrounding centralization and reduced overall staking yields, according to a Thursday report by JPMorgan. Despite decentralized alternatives like Lido's liquid staking platform...

Taiwanese Lawmakers Target November for First Crypto Regulatory Draft Bill: Report

6.10.2023
Taiwan legislators are working towards presenting the country's first crypto regulatory bill in November 2023, according to an exclusive interview granted to the Block's Timmy Shen. Parliament member under the Yuan's arm, Yung-Chang Chiang, stressed the need for a special law to guide...

Bitcoin Price Whipsaws Following Blockbuster US Jobs Report - Here's Where BTC is Headed Next

6.10.2023
Bitcoin (BTC), the world’s first and largest cryptocurrency by market capitalization, has seen whipsaw price action since the release of a much stronger-than-expected US jobs report for September. The blockbuster report showed the US economy adding 336,000 jobs last month, nearly double the median...