Breaking News Archives

Bitcoin logo projected onto the European Central Bank

Bitman has once again put on a show, this time advocating for improved crypto literacy among Frankfurt residents. The BTC logo has been projected onto the ECB with the message “Study Bitcoin.” According to the author, he wants to bring attention to the concept of “healthy money” and highlight cryptocurrencies as a viable option.

30 Mar 2023

Voyager Digital Makes a Cash Move

The bankrupt crypto lender has sent 150 million USDC to Circle, indicating that this amount can be eventually redeemed for US dollars. This move is part of the company’s strategy to offload its crypto assets, despite objections from regulators that say Voyager’s intention to sell its cryptocurrency may violate securities law.

29 Mar 2023

AI Bot “Warren Buffett” Speeds Up Document Analysis

UK artificial intelligence engineer Mayo Oshin has created an AI bot called “Warren Buffett” to revolutionize the way complex financial documents are analyzed. Named after the renowned investor, the bot aims to save time by quickly extracting relevant information from lengthy annual reports and other financial filings. Using retrieval capabilities, the AI allows users to “chat with data” and receive meaningful insights, enhancing decision-making processes.

28 Mar 2023

G-7 Nations Advocate for Stricter Cryptocurrency Regulations

The Group of Seven (G-7) nations have agreed to push for tighter cryptocurrency regulations in response to concerns over illicit activities such as money laundering and terrorist financing. They plan to develop a comprehensive regulatory framework to increase transparency and accountability in the digital asset market while maintaining a balance between regulation and innovation. The success of this initiative relies on the G-7’s ability to create a secure environment for the cryptocurrency market without hindering its growth and innovation potential.

27 Mar 2023

Greenpeace takes aim at crypto Holy Grail

Saving seals in Africa is no longer a top priority for Greenpeace. Instead, the organization has shifted its focus towards combating global warming by taking on Bitcoin. To raise awareness about carbon footprint issues, Greenpeace has created an impressive installation called the Skull of Satoshi. Greenpeace has brought in Canadian artist and activist Benjamin Von Wong, who is renowned for his uncompromising stance on environmentalism, to spearhead this performance.

24 Mar 2023

Do Kwon arrested in Montenegro

According to Bankless sources, the co-founder and CEO of Terraform Labs has been detained by Montenegrin police at Podgorica airport with counterfeit documents. According to the National Police Administration, the individuals who have been arrested are believed to be Do Kwon and his assistant Han, although their identities are still being verified. Police officials assert that the suspect’s name, age, and nationality match those of Do Kwon. Confirmation of the arrest of Terraform Labs CEO will be possible after fingerprint scans are conducted.

23 Mar 2023

Arbitrum takes the spotlight again!

As the hype around Arbitrum surges on, scammers and enigmatic individuals remain highly active. Presently, a scam ETH/ARB pool leads the Uniswap search, with a modest 24-hour trading volume of only $24,370. Additionally, last night, a mysterious person sent a massive one million tokens to the Arbitrum Foundation distributor’s address, with the token name linked to ancient Eastern mythology.

23 Mar 2023

Bitcoin’s open interest hits new record high in 2023

The open interest in bitcoin futures reached an annual high of $12 billion. This indicates a notable increase in liquidity, which is a vital factor for the markets. Also, trading volumes on decentralized exchanges hit all-time highs over the past 16 months.

20 Mar 2023

Can Swiss National Bank save Credit Suisse from financial ruin?

The Swiss National Bank has reportedly agreed to extend a secured credit line of $54 billion to Credit Suisse to help it pay off its debts to clients. Additionally, the Swiss regulator is said to be considering the purchase of Credit Suisse’s senior debt securities for $2.5 billion in cash. The collapse of Credit Suisse could have far-reaching consequences, potentially surpassing even those resulting from the recent collapse of Silicon Valley Bank. As such, it appears that a banking apocalypse has been averted, at least for the time being.

16 Mar 2023

GPT-4 can earn multiple university degrees

Yesterday, OpenAI announced that GPT-4 got a score above the 90th percentile out of 100 on the GRE, which is required for admission to many graduate programs. During the test, the AI took exams in the following specialties: Law Mathematics Biology Chemistry Programming What’s even more remarkable is that GPT-4 apparently has a talent for wine, and could even work as a sommelier in a French restaurant.

15 Mar 2023

Halborn Uncovers Vulnerabilities in Popular Blockchains

Researchers from a Web3 security company have recently discovered a number of serious flaws in the Dogecoin, Litecoin, and Zcash blockchains. The most critical vulnerability affects P2P communications, allowing attackers to craft malicious consensus messages to key nodes and cause them to shut down. What’s more concerning is that there is a possibility that similar bugs may exist in around two hundred other networks. If cybercriminals manage to exploit these flaws before Halborn receives payment for fixing it, it could put over $25 billion worth of digital assets at risk.

14 Mar 2023

Biden Rushes to the Rescue!

President Joe Biden has personally promised to hold Silicon Valley Bank and Signature Bank accountable for any bankruptcy they may face, ensuring Americans that their deposits are safe. “The American people and American businesses can have confidence that their bank deposits will be there when they need them,” he tweeted. We’re eagerly waiting for more details on this matter!

13 Mar 2023

USDC Loses its USD Peg

According to the March 2023 reserve report , a total of 8.7 billion USDC is being held in six banks. However, three of these banks – Silvergate, Signature, and Silicon Valley Bank – are currently experiencing liquidity and solvency issues. The situation is especially dire for Silicon Valley Bank, which held 3.3 billion USDC and has been forced to close by the California Department of Financial Protection and Innovation. The USDC price has dropped by 15%, to $0.86, in response to these developments. Additionally, the DAI stablecoin has fallen by 10%, as up to 50% of its collateral is held in USDC. Currently, US Treasury bills account for 77% of the USDC reserves. The remaining 23% is held in cash at various banking institutions. The fate of these funds will depend on the outcome of the bankruptcy process for the affected banks and the amount of funds that can be recovered.

11 Mar 2023

Silvergate bank to be liquidated

Silvergate is the second-largest bank in the US that deals with cryptocurrency companies, ranking only after Signature. It acts as a crucial link between the crypto world and traditional fiat currencies. Recently, Silvergate has decided that the best course of action, given the regulatory changes in the industry, is to gradually wind down its operations and voluntarily liquidate. The closure plan guarantees full repayment of all deposits. In early March, Silvergate had already announced that it would discontinue the Silvergate Exchange Network (SEN). Several crypto exchanges have already confirmed that they have not been affected by their association with Silvergate and that their clients’ funds are safe.

09 Mar 2023

Atomic mining: the future is here!

A bitcoin mining operation powered entirely by “green” nuclear energy has just launched in Pennsylvania. TeraWulf has announced that it will be using the Susquehanna nuclear power station to mine BTC. The key details about the project: Nuclear power station capacity – 2.5 GW. Fixed cost of electricity – $0.02 per kWh for five years. Planned load – 50,000 mining rigs, 160 MW. Actual load at present – 8,000 mining rigs. Computing power – 5.5 EH/s. With such a low electricity rate, this project promises to be highly profitable even in a bear market. Indeed, it’s a far cry from mining BTC in a school’s crawlspace!

07 Mar 2023

Does Voyager know something?

According to data from the Lookonchain tracker, bankrupt Voyager recently sold 1449 ETH through the Wintermute platform at an average price of $1553, receiving $2.25 million. This has led analysts to question why Voyager, which owns 5.17 trillion SHIB tokens worth $58 million (almost 25 times more than the amount of ETH assets), decided to sell off its Ethereum stocks first. Chainlink and Avalanche tokens have also survived so far. Is Voyager expecting a jump of shitcoins amid the fall in the price of major cryptocurrencies?

06 Mar 2023

It happened! The Tornado Cash fork!

Ameen Soleimani, one of the first contributors to the scandalous Tornado Cash crypto mixer, has announced the launch of a new mixing service called Primacy Pools, which is based on the TC code. Now, every hacker and criminal will have a chance to demonstrate that they are not engaging in any malicious activity (but not for sure). What is clear is that honest users will be able to prove that they have not committed fraud and are therefore legitimately using the privacy-enhancing service. Predictably, the new service uses zero-knowledge proof, which is the main trend of 2023. It is a protocol that confirms information without disclosing it. Your move, SEC!

03 Mar 2023

Near Protocol releases the Blockchain Operating System

The bOS will serve as the entry point for the Open Web for both users and developers, making Web3 easier than ever to access and navigate. The Blockchain Operating System will allow users to browse and discover open web experiences, compatible with any blockchain. Currently, the Near Protocol ecosystem boasts over 23 million registered accounts and more than a thousand projects. However, the company’s ultimate goal is to attract 1 billion users to the Open Web.

03 Mar 2023

The Sandbox employee’s computer has been hacked

The hacker gained access to the email addresses of users in the metaverse. After that, emails containing a dangerous virus were sent from the hacked computer on behalf of The Sandbox administration. If the recipient opened the link in the email, malicious software was automatically installed on their computer. The virus transmitted all personal information stored on the computer to the hackers. The Sandbox advises users not to open any links and to implement two-factor authentication for their accounts.

02 Mar 2023

Mt.Gox creditors will finally get their money back

Payouts will begin on March 10 and will be made in both BTC and fiat. As of now, the applicants will receive about a fifth of the claim amount. For 2019, the exchange balance was 142 thousand BTC ($3.3 billion), 143 thousand BCH ($19 million) and $510 million in Japanese yen. It must be said that the situation with Mt.Gox was so hopeless that many investors perceived the receipt of their coins as a gift from the gods. In addition, bitcoins were lost at a completely different price. Adam Beck, CEO of lending company Blockstream, says: “I pretty much wrote off the bitcoins I had on Mt.Gox as a loss. So philosophically, whatever I get now is a cold storage bonus.”

01 Mar 2023

Brazil and Stellar have completed CBDC testing

Blockchain technology has been used to pilot Brazil’s digital real. Execution took place on the Stellar infrastructure of the local Mercado Bitcoin exchange. The experiment included a KYC procedure, a fraud protection check using decentralized identity identification, and direct fund transfers. All worked well, no violations of the country’s laws were detected (thankfully, the tests had not yet been banned), though Mercado’s head teased that the Central Bank’s real motive was to see how things would unfold if it lost its direct control over money.

27 Feb 2023

The use of emojis has now been considered as financial advice

A US Federal judge has ruled that symbols like ???, integrated into any posts made by financial institutions on social media, signify a potential profit from investments. The emphasis was made by former head of the SEC’s division, Lisa Braganza. From now on, she says, users will be warned of the legal consequences of using emojis. Therefore, today we have witnessed the SEC cracking down on emojis. Get ready to summon Yermak because he can solve these puzzles faster than the SEC can catch up.

24 Feb 2023

The L2 solutions market has become denser!

The Coinbase exchange presented its own “second layer”, which will be called Base. The network is built in cooperation with Optimism. Welcome to the testnet, where you can test the development of new dexes, wallets, NFTs, landings, and more. The project’s goal is ambitious: to push the industry to 1 billion users.

23 Feb 2023

Privacy concerns? Apparently not

Arkham Intelligence has developed an app that uses a Twitter handle to search for anyone’s activity across various blockchains, including Ethereum, Polygon, and BNB Chain. The app can: find wallet addresses that the user has interacted with; filter the user’s recent transactions; visualize their actions on the blockchain. Anyone who wants to join this impressive initiative can sign up for the waitlist. The first entities on the waitlist are probably the IRS and the FRS.

23 Feb 2023

Opinion

Who Is Crypto Kaleo: A Market Analyst with 700,000 Followers

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.

Peter Tuchman: Einstein of Wall Street and His Trading Tips

Marc Andreessen — Visionary Behind Silicon Valley’s Iconic Firm

Investigation

Zora Network Reviewed: A Testnet Guide

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.

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