Over 100 lawmakers in the United States are urging the Biden administration to clarify its efforts in combatting global terrorist financing through cryptocurrencies. This comes after reports that Hamas, the Islamist organization responsible for recent attacks on Israeli civilians, has raised millions of dollars using crypto over the past two years. Lawmakers allege that between […]
During a panel discussion at the Swan Pacific Bitcoin festival, industry experts debated the significance of the Bitcoin halving event on the cryptocurrency’s price. Marathon Digital CEO Fred Thiel and Swan CIO Ralph Zagury argued that liquidity, rather than the halving, is the main driver of Bitcoin’s price. They believe that the halving has little […]
The Inspector General’s Office (OIG) of the Federal Deposit Insurance Corporation (FDIC) has released an evaluation report on the corporation’s strategy for managing crypto asset risks. The FDIC adopted a “bottom up” approach to understanding and addressing these risks, which involves assessing supervised institutions’ crypto activities and providing guidance on a case-by-case basis. As of […]
Devin Walsh, the Executive Director of the Uniswap Foundation, believes that the Uniswap decentralized exchange (DEX) is becoming more decentralized. He compares its current state to that of Ethereum and acknowledges the active participation of the developer community in its success. This response comes after Antonio Juliano, the founder of dYxX, insinuated that Uniswap is […]
One developer, known as “0xIchigo,” believes that Solana is leading the way in terms of energy efficiency, but acknowledges that Ethereum is a formidable competitor that cannot be ignored. Solana, a generation-4 blockchain, aims to address the challenges faced by the original smart contract platform. It boasts higher performance and throughput, although there have been […]
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler discussed the pending spot Bitcoin exchange-traded fund (ETF) proposals in an interview with Bloomberg. Gensler acknowledged that there are around ten Bitcoin ETF proposals awaiting a decision from SEC staff. While he declined to comment on the possibility of approving multiple spot Bitcoin ETFs simultaneously, he […]
The recent security breach at Stake.com, a popular online crypto casino, has resulted in the loss of $41 million to hackers. The incident is considered one of the significant attacks on the cryptocurrency industry this year. The FBI has identified the Lazarus Group, a North Korean state actor, as the responsible party for the theft. […]
Bitcoin ASIC manufacturing giant Bitmain has reportedly fired four employees for leaking salary information. The company cited the “illegal publication of the company’s announcement on salary release” as the reason for their dismissal. This comes after concerns were raised by Bitmain employees about salary arrears and unpaid bonuses due to cash flow issues. The company […]
On October 18, a new twist emerged in the alleged rug pull scandal involving social media platform Reddit. A crypto analyst claimed that several subreddit moderators were aware of the decision to shut down the Reddit Community Points (RCP) program and sold their RCP tokens, known as MOONs, just before the token’s value plummeted by […]
The courtroom drama surrounding FTX founder and former CSam Bankman-Fried (SBF) has all the makings of a captivating Netflix series. With a cast of shady characters and a plot that thickens with each passing day, it’s a story that keeps audiences on the edge of their seats.However, when it comes to proving his innocence, SBF’s […]
