BlackRock CEO Larry Fink believes that Bitcoin and other cryptocurrencies are now seen as safe-haven assets in times of geopolitical uncertainty. Fink suggests that the recent rally in Bitcoin’s price indicates that investors view it as a mature asset that can store value during crises. He attributes the rally to a flight to quality, driven […]
Reddit has decided to end its Community Points initiative, which rewarded high-quality posters with Ethereum-based tokens. The website cited a lack of scalability and high costs as the reasons for discontinuing the program. The decision will only affect a few subreddits, as the original plan to put all Reddit users on the blockchain was deemed […]
Coinbase, a leading cryptocurrency exchange, has reaffirmed its commitment to combatting the illicit use of cryptocurrencies. The company has implemented a robust compliance program that includes Know Your Customer (KYC) checks and thorough sanctions screening. Coinbase also collaborates closely with law enforcement agencies to track and prevent terrorist financing. The exchange advocates for clear regulations […]
Public sentiment towards cryptocurrency in Hong Kong has declined following the JPEX crypto exchange scandal, according to a survey conducted by The Hong Kong University of Science and Technology’s business school. The survey aimed to understand the impact of the scandal on public attitudes towards virtual assets. The initial findings revealed that 41% of respondents […]
Reddit has announced that it will be shutting down its blockchain-based rewards service called “Community Points” due to scalability concerns. This decision has caused the value of Reddit tokens, MOON and BRICK, to plummet, leading to disappointment and anger among Reddit users and crypto enthusiasts. The move has been criticized by traders and users, with […]
Nishad Singh, the former director of engineering at FTX, faced intense cross-examination during the tenth day of the Sam Bankman-Fried (SBF) trial. Singh, who has pleaded guilty to fraud and conspiracy charges, provided further insights into the inner workings of FTX and SBF’s activities. The focus of the day was on the software bug that […]
In a major breakthrough, the perpetrator behind the infamous Silk Road Bitcoin heist has been unmasked nearly a decade after the crime took place. The theft, which occurred in 2012, involved the stealing of 50,000 Bitcoin from the illicit dark web marketplace. Over the years, the value of the stolen Bitcoin skyrocketed to $3 billion, […]
Two Fantom Foundation wallets on Ethereum and the Fantom Network have been targeted in a phishing attack, resulting in a loss of over $650,000. CertiK, a blockchain security firm, reported that the foundation lost $470,000 on Fantom and at least $187,000 on Ethereum. Additionally, a team member of Fantom reportedly lost $3.4 million. The attack […]
Scroll, a new player in the zero-knowledge Ethereum Virtual Machine (zkEVM) sector, has officially launched its mainnet. The team behind Scroll made the announcement on October 17, stating that existing Ethereum applications and developer toolkits can now migrate to their scaling solution. Scroll’s zkEVM aims to reduce transaction costs and increase throughput for decentralized applications […]
The US Securities and Exchange Commission (SEC) has denied reports that it approved BlackRock’s application to launch a Bitcoin exchange-traded fund (ETF). The false reports caused a temporary price rally for Bitcoin. The SEC cautioned against believing unverified sources and urged users to rely on verified information. US attorney John E. Deaton, who represents XRP […]
