The remarkable contribution made by the founder of Ethereum, Vitalik Buterin, towards the growth of the crypto ecosystem crowned him among the most famous inventors in the digital world. In a January 31 blog post, Buterin reviewed the events in the crypto…
In a January 28 report, the renowned blockchain-oriented Karaoke platform Somesing suffered significant losses after a hacker launched a malicious attack. The report demonstrated that the hackers gained unauthorized access to the Somesing platform, siphoning assets worth 730 million SSX tokens. Hackers…
In a recent report, the renowned crypto-oriented AI platform imgnAI raised $1.6 million in a seed funding round. The successful fundraising was led by Hack VC and Rana Capital. Other participants of the seed funding round included Selini Capital, Motus Capital,dao5 and…
The rise of financial crime has forced US regulators to step up and supervise the crypto industry. The attempt to shield the customers from exploitative business activities impacted the enforcement of stringent regulations for digital assets. The ongoing clampdown on crypto assets…
In an official publication, the Stellar Development Foundation (SDF) revealed plans to postpone the network upgrade to a later date after the developers discovered a bug. Initially, the Stellar community planned to integrate the Ethereum smart contract into its blockchain network on…
Despite the securities and exchange commission (SEC)’s skepticism around cryptocurrencies, there has been some optimism that Ethereum ETFs may be approved soon. The optimism is coming after the SEC approved 11 spot Bitcoin ETFs earlier this month. However, Investment bank TD Cowen…
Coinbase has been in court since June 2023 as the SEC alleges that the exchange violates crypto laws with its offerings. The crypto industry eagerly awaits the outcome of this lawsuit. While some experts say the court may dismiss the case, others…
Chairman of the Commodities futures Trading Commission (CFTC) Rostin Behnam has called for legislation to regulate crypto at the federal level. The call came two weeks after the securities and exchange commission (SEC) approved the first batch of spot Bitcoin ETFs in…
In readiness for the upcoming bull market, investors are exploring ways to maximize their returns on crypto investments. With the development of artificial intelligence, investors believe that using AI-inspired trading bots will enable them to take advantage of the upcoming bull market….
In an official announcement, the renowned smart contract infrastructure development firm Axiom completed a $20 million Series A funding round. The fundraising was led by the San Francisco venture capital Standard Crypto and Paradigm. Other participants included Robot Ventures and Ethereal Ventures….
With the ongoing amendment of the digital assets regulation, the US has demonstrated the likelihood of shutting down the crypto sector. From the last bull run the policymakers enforced unfriendly regulations that forced high-profile crypto firms to exit the US market. Despite…
The leading telecommunication company in Spain, Telefónica, has joined hands with Nova Labs to expand its market presence in Mexico. In a blog post dating January 24, the Telefónica team anticipates that collaborating with the company behind Helium will allow the telecommunication…
As we approach the 2024 Bitcoin halving, key industry players have stepped up to support the miners in navigating the long-awaited event. In the upcoming Bitcoin halving, the miners expect their mining reward to reduce from 6.25 BTC to around 3.125 BTC….
In a January 22 report, the prominent liquidity manager Concentric was hit by a security breach resulting in a loss of substantial amounts. Updating the X community the Concentric regretted that the hackers deployed a social engineering attack to gain unauthorized access…
The Ethereum network has undergone several upgrades, and there are more to come in 2024, one of which is the Dencun Upgrade which CoinShares Ethereum research associate Luke Nolan said could affect Ether supply. The upgrade will make it possible to send…
The financial regulator in the UK, the Financial Conduct Authority (FCA) is hurting crypto firms in the country, Bittrex Global CEO Oliver Linch says. Speaking in an interview with The Block, the CEO who is also a lawyer said the stringent rules…
In a heated on-air conversation, the game developers revisited the 2023 turn of events in the gaming industry. The dialogue was hosted by leading game media outlets, Game Developer and Game Developer Conference (GDC), to discuss the development in the vibrant gaming…
A finance firm in Hong Kong, Venture Smart Financial Holdings Limited (VSFG) has set its eyes on launching a spot Bitcoin exchange-traded fund (ETF) in Q1 of 2024. A report by Bloomberg shows the firm is targeting $500 million in assets under…
A U.S treasury official, Graham Steele has warned that policy makers in the country need to regulate crypto before the next financial crisis. Steele, who is the Treasury’s Assistant Secretary for Financial Institutions spoke on Thursday, at an event hosted by George…
The use of crypto in illicit activities has become the center of discussion among the global regulators. Despite the efforts to create a crypto-friendly environment in the European Union, the regulators expressed concerns about the rise of crypto crimes. This forced the…
