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Plonky3, the Polygon Zero-Knowledge Proving System, Is Production Ready
17.7.2024
Polygon Labs has announced that its next-generation zero-knowledge (ZK) proving system, Polygon Plonky3, is now production-ready. This open-source system, licensed under MIT/Apache, empowers developers to build bespoke proving systems for ZKVM or ZK EVM chains, tailored to various use cases. Unlike...
Issuance of TRON-Based USDT Exceeds $60 Billion
17.7.2024
In a recent social media post, Justin Sun, the founder of TRON, announced that the issuance of TRON-based USDT has reached a significant milestone, exceeding $60 billion. This achievement also marks TRON as the first blockchain to have a single stablecoin valued at more than $60 billion. This...
Crypto-Friendly VC Andreessen Horowitz Backs Trump Campaign
17.7.2024
Marc Andreessen, co-founder of prominent venture capital firm Andreessen Horowitz, has announced his support for former President Donald Trump in the 2024 presidential race, citing Trump’s policies as more favorable for the tech industry and startup ecosystem. Andreessen, a self-described...
Man Pleads Guilty in Meijer Loyalty Program Fraud Case, Forfeits Crypto
17.7.2024
Nicholas Mui, 22, from Grand Haven, Michigan, has pleaded guilty in the 17th Circuit Court in Kent County to conducting a criminal enterprise, involving the theft and sale of Mperks account access information. Mui is required to forfeit his computer tower and approximately $630,000 in frozen...
Zimbabwean Miner Launches Blockchain-Based Gold Tracking System
17.7.2024
Zimbabwean mining company, Kuvimba Mining House, has introduced a blockchain-based mine-to-market traceability system for its gold production in the country. This system ensures that all gold from Kuvimba is traceable from the mine to international markets. Kuvimba, the country’s largest gold...
Crypto Market Cap Drops 14.4% in Q2 2024, Report Shows
17.7.2024
The total crypto market cap decreased by 14.4% in the second quarter this year, ending at $2.43 trillion, while the S&P 500 increased by 3.9%, according to the 2024 Q2 Crypto Industry Report by Coingecko. Bitcoin’s price fell by 11.9%, ranging from $58,000 to $72,000, with its mining...
Ripple Donates $1 Million to New Super PAC Seeking to Unseat Senator Elizabeth Warren
17.7.2024
Ripple Labs has donated $1 million to the Commonwealth Unity Fund, a new super PAC established by pro-crypto attorney James Murphy, aiming to unseat Senator Elizabeth Warren with John Deaton in the Massachusetts Senate. Murphy also contributed $50,000. Ripple also recently committed $25 million...
JPMorgan Bullish on Gold Prices Into Year-End
17.7.2024
Global investment bank JPMorgan remains optimistic about gold prices, projecting a significant rise in the fourth quarter of 2024 due to anticipated Federal Reserve rate cuts beginning in September. On Tuesday, the price of gold surged past its all-time high, bolstered by the Federal...
Tanzania Seeks to Shore up Local Currency With Directive Mandating Tourists to Use Shillings
17.7.2024
Tanzania’s Ministry of Tourism and Natural Resources has mandated that all fees in the tourism sector must be paid in local currency, aligning with a government directive for local transactions to use the country’s shillings. This requirement applies to Tourism Business Licence fees, filming...
Judge Refers Craig Wright for Criminal Prosecution in Bitcoin Case
16.7.2024
Craig Wright has been referred for criminal investigation in Britain for alleged perjury. Wright claimed to have authored the foundational 2008 Bitcoin white paper under the pseudonym “Satoshi Nakamoto.” He pursued litigation globally, including in the UK and the U.S., asserting...
Cambodian Firm Receives $150K in Crypto From North Korean Hackers
16.7.2024
A major payments firm in Cambodia, Huione Pay, received over $150,000 in cryptocurrency from a digital wallet used by the North Korean hacking group Lazarus, according to blockchain data reviewed by Reuters. The crypto was sent to Huione Pay between June 2023 and February 2024 from a wallet linked...
Chainalysis Chief Economist Joins Tether Amidst Ongoing Class Action Lawsuit
16.7.2024
Amidst a legal challenge, Tether, the USDT stablecoin issuer, has made a strategic appointment. The Chief Economist of crypto surveillance company Chainalysis, Philip Gradwell, has been brought on board as Tether’s Head of Economics. This move comes at a time when Tether and its sister...
Tokyo-Based Metaplanet Adds Almost 22 More Bitcoin to Its Treasury
16.7.2024
Metaplanet, a Tokyo-based public company, has revealed that it has acquired more bitcoin for its treasury holdings. According to disclosure statements, Metaplanet acquired 21.877 bitcoin, spending about $1.26 million (200 million Japanese yen) for this purpose. Now, Metaplanet holds 225.61 bitcoin...
Tech Billionaire Michael Dell Calls Bitcoin Fascinating
16.7.2024
Michael Dell, the founder and CEO of Dell Technologies, has expressed his fascination with Bitcoin on social media. Dell, who has a net worth of approximately $108 billion, shared a recent video of Blackrock CEO Larry Fink discussing bitcoin on CNBC. This move is significant as Dell’s endorsement...
Australian Court Convicts Bitconnect Promoter for Providing Unlicensed Advice
16.7.2024
John Bigatton, the Australian promoter of Bitconnect, has been convicted by the Sydney District Court for providing unlicensed financial advice, violating section 911B(1) of the Corporations Act 2001, the Australian Securities and Investments Commission (ASIC) announced Monday. Between August 2017...
China’s Economic Influence Noted by Majority in 35 Countries, Pew Survey Shows
16.7.2024
A Pew Research Center survey of 35 countries, published last week, highlights China’s significant economic influence, with perceptions varying by income level. The survey covers Argentina, Australia, Bangladesh, Belgium, Brazil, Canada, Czech Republic, Egypt, France, Germany, Ghana, Greece...
Report Uncovers North Korean Hackers’ Crypto Job Board Infiltration
15.7.2024
North Korean hackers are infiltrating crypto job boards, posing as fake applicants to steal sensitive data, hack systems, and gather assets, according to a DL News investigation. More than 4,000 North Koreans have been directed to penetrate the tech industry, including crypto, by concealing their...
Trump to Address Bitcoin 2024 Conference Despite Assassination Attempt
15.7.2024
Former President Donald Trump, who survived an assassination attempt during a rally in Pennsylvania on July 13, is reportedly still scheduled to address the Bitcoin 2024 Conference, taking place in Nashville from July 25 to July 27. According to David Bailey, CEO of Bitcoin Magazine...
Guernsey Post to Launch Limited Edition Crypto Stamps
15.7.2024
Guernsey Post, the postal service for the island of Guernsey in the Channel Islands, is set to become the first postal operator in the British Isles to introduce crypto stamps, merging traditional stamp collecting with digital non-fungible tokens (NFTs). Launching later this month, these...
Solana Based AI Project Grass Announces Final Epoch of Closed Beta
15.7.2024
Grass, an artificial intelligence (AI) based web crawling project that uses the Solana network, has announced the end of its closed beta version with its final epoch. Grass stated that the beta allowed it to verify that it can reach 100% of the web, with only two companies also capable of doing...