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An analysis of crypto accessibility via ATMs, business adoption, legal frameworks, and overall availability has identified the frontrunners for 2023 as Hong Kong, Switzerland, the USA, Georgia, Slovenia, Canada, Australia, Germany, Bulgaria, and Panama.
The Merge stands as a pivotal moment in the crypto world. It signifies the integration of the Ethereum mainnet with a distinct PoS blockchain known as the Beacon Chain.
Migration to POL should be undisturbing for all – a promise Polygon aims to keep for its developers and users. Reimagining the MATIC token, they propose it to function both as gas and as the main token within the Polygon environment. And yes, POL staking is on the table. Continuity is key: the redefined POL token’s code will preserve its features, safeguarding compatibility. The grand finale, Polygon 2.0’s definitive update, is slated for a next-year debut.
The former MT. Gox CEO shared a remarkable story. After his 2015 arrest, he faced a daunting task: sifting through 20,000 pages of evidence using just a basic accounting calculator he bought for $120 from the prison commissary. “I’d spend the next couple of months going through the accounting information provided by the prosecution, and managed to find some 5.5 million USD worth of revenue that wasn’t accounted for. Suddenly, the argument raised by the prosecution didn’t make sense,” commented Mark Karpeles. This simple calculator changed the game. After nearly a year in custody, he was granted bail and, two years later, fully cleared of charges.
The company’s leader detailed such strategic interests: “We might do it in order to provide creditors the best execution price and mitigate a risk of a huge aggressive selling pressure that could send the market back to 2020’s capitalization”, says Andrei Grachev. Community thinks DWF Labs donʼt have the facilities for such a big man.
On Wikipedia, the Bitcoin page garnered 7,830 views on September 8th, the highest single-day count this year.
OKLink and CertiK are launching the Freeze Asset Request (FAR) standard to simplify the freezing of stolen assets and bolster Web3 security. Exchanges often lag in responding to asset-freezing requests following a hack due to their in-house systems, but this innovation aims to rectify that situation.
Amid the evolving crypto landscape, one prediction stands out: Davis Hui from Caanan foresees BTC’s price potentially skyrocketing to $100,000 by 2024. This bullish forecast is rooted in upcoming events like the bitcoin halving, set to diminish the BTC issuance rate by halving miner rewards. Compounding this optimistic view is the undeniable attention from financial powerhouses, with BlackRock, boasting $10 trillion in assets, as a prime example. For Hui, it’s this mix of major institutional influx and a shrinking bitcoin supply that suggests a bullish future for BTC.
A team member, involved with the experimental Bonkler collection, misappropriated $1 million from the company’s commission proceeds. However, the collection’s primary assets, including the main contract and NFTs, remained unaffected. Bonkler’s daily minting process is currently suspended but will be reinstated after transitioning to its V2, which will feature lending and treasury functionalities. Per Remilia’s co-founder, the breach was orchestrated by a developer in collaboration with two other team members. These individuals not only misappropriated the funds but also tried to blackmail the rest of the team by gaining access to certain social platforms. These employees have since been dismissed, and the company is gearing up to press legal charges against them.
Buterin explained that he has successfully recovered control of his T-Mobile account, which the hacker had compromised through this method. The co-founder of Ethereum also shared some valuable lessons gained from his experience: “I had seen the “phone numbers are insecure, don’t authenticate with them” advice before, but did not realize this”. Removing phone numbers from X accounts and having 2FA enabled is a way to protect yourself from SIM-swap attack.
A user ambitiously created 21,877 wallets, engineering activity on zkSync with the lure of a potential retroactive airdrop in sight.
According to insights from the Wall Street Journal, Meta’s ongoing project is a new AI system. They aim to topple established language models, such as GPT-4 and even their own Llama 2. This fresh initiative will center on large-scale text processing and its subsequent scrutiny. The timeline for initiating the model’s training is set for 2024.
U.S., U.K., and European investment firms are increasingly appointing senior executives for digital asset strategies. Amberdata’s recent report reveals that 24% of asset management firms have embraced a digital assets strategy, with another 13% aiming to do so within two years. The study, which surveyed 60 investment professionals, found that nearly half (48%) incorporate digital assets in their portfolios. Despite regulatory challenges, Amberdata anticipates a positive shift in the coming years, especially with Ripple’s recent legal win against the SEC.
The hacker shared a link for a supposed free NFT giveaway from Consensys, tricking users into connecting their wallets and subsequently stealing all their NFTs. According to ZachXBT, the incident led to losses of over $691,000. Speculations suggest it might be related to a SIM card swap. Shortly after the breach, Buterin’s father wrote: “Disregard this post, apparently Vitalik has been hacked. He is working on restoring access.”
Apple has reportedly shelled out $5 million to secure the rights to Michael Lewis’ upcoming book on Sam Bankman-Fried (SBF), the former CEO of FTX. The book, titled “Going Infinite: The Rise and Fall of a New Tycoon,” is set to launch on October 3, coinciding with the start of SBF’s criminal trial in New York. A documentary is also in the pipeline, directed by Nanette Burstein, known for her work on crypto evangelist John McAfee and Hillary Clinton.
Today, the Federal Reserve Bank of Philadelphia held its seventh annual fintech conference. A significant takeaway was Deputy Chair Michael Barr’s pronounced concerns about the risks stablecoins, devoid of federal oversight, might pose to financial stability. On the topic of CBDCs, Barr remarked that decisions remain on the distant horizon.
Facing a court decision that sided with the SEC’s classification of LBRY Credits tokens as securities, the crypto startup LBRY is poised to appeal. Taking a leaf out of Ripple’s book, they’re looking to challenge the $111,614 fine and the bar on issuing tokens.
In a recent courtroom confession, Ryan has agreed to pay a $6 million fine to the US government, reimburse FTX creditors with $5 million, and forfeit two Massachusetts properties along with his Porsche. The former FTX executive admitted to illicit campaign financing and running an unlicensed money transfer business. “I made $10 million in political contributions and called them loans, which I never intended to repay,” said Salame. He could face up to 10 years in federal prison.
This August, Huobi bolstered its stance in the market by 2%, while MEXC followed closely with a 1.5% increase, and WhiteBit saw a boost of about 0.5%. However, the likes of Binance, Upbit, and OKX didn’t fare as well, each dropping by an average figure hovering around 1.75%. To curb trading vulnerabilities, many are now gravitating towards alternate crypto hubs in their endeavors.
Mairead McGuinness, the European Commissioner for Financial Services, believes there’s no need to rush the launch of a digital euro before the next EU elections in June 2024. She advises the next EU Commission to take a careful and measured approach to the CBDC rollout. Furthermore, McGuinness mentioned that the European Central Bank will finalize its stance on the project this coming October.
OpenAI and Microsoft are under fire in a class-action lawsuit over alleged web scraping to gather private data for training AI models like ChatGPT. The lawsuit, filed on Sept. 5 in San Francisco, accuses the companies of using stolen private info, including personal data from countless internet users, without consent. The plaintiffs argue that without this data theft, products like ChatGPT and DALL-E wouldn’t be the billion-dollar businesses they are today. They seek damages and a halt to the alleged illegal data scraping.
This decline marks the lowest point since the end of 2020. As of now, the count persists at this low level.
India’s Minister of Finance, Nirmala Sitharaman, has verified ongoing discussions within the G20 about establishing an international framework for cryptocurrencies. She views digital assets as both a challenge and an opportunity. “In an interconnected world, financial technology transcends borders, therefore making cross-border partnerships absolutely crucial,” Sitharaman said. Previously, India’s Prime Minister had also emphasized the need to embrace technological advancements and develop comprehensive global regulations.
Justin Bieber’s popular track “Company” is getting the NFT treatment. On September 7, music tech platform anotherblock and co-producer Andreas Schuller, aka Axident, will release the song as a limited NFT — only 2,000 will be available. Fans who buy the NFT will get a 1% share in the song’s royalties, while Axident retains the rights. Michel D. Traore, CEO of anotherblock, emphasized that this NFT initiative not only shines a spotlight on producers but also introduces the masses to Web3 technologies.
After launching its new token, NEXT, Connext experienced a Sybil attack during the airdrop phase. A perpetrator managed to acquire $38,000 in tokens, which were earmarked for genuine users. Notably, Connext is a protocol built for the secure transfer of both assets and data across different networks. Interestingly, the project’s prior efforts to implement an anti-Sybil program proved to be ineffective in preventing the hacking attempt.
Crypto Kaleo is a renowned crypto trader and one of the most followed influencers in the industry. Active since 2017, he has built a strong presence on X, TradingView, and other platforms, sharing technical analysis, market predictions, and insightful commentary on the crypto space.
Are sky-high Ethereum fees getting you down? The folks at Zora have come up with an alternative, introducing their Layer 2 solution with lower transaction fees. This article will walk you through how to get involved with the project and earn some rewards.