Ethereum developers have recently introduced a new testnet called “Holešky” on September 15th. This testnet is specifically designed for staking, infrastructure, and protocol development purposes, as stated in the developer documents. While Sepolia continues to dominate in application development, Holešky aims to address the testing needs by providing a significant initial supply of testnet Ether
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In a significant development, Senator Elizabeth Warren’s bipartisan cryptocurrency anti-money laundering bill is gaining support from an increasing number of senators across party lines. The bill, known as the Digital Asset Anti-Money Laundering Act, aims to enhance regulatory oversight within the emerging cryptocurrency industry. It seeks to address existing loopholes and align the digital asset
The ever-evolving metaverse landscape has witnessed a notable development as Darewise Entertainment, a subsidiary of Animoca Brands, joins forces with Horizen Labs. This collaboration aims to introduce a groundbreaking metaverse token built on the Bitcoin network. By doing so, the partnership seeks to provide an alternative to Ethereum, which currently holds a prominent position in
In a surprising move within the unpredictable cryptocurrency market, popular US-based trading platform Robinhood has made a significant increase in its Shiba Inu (SHIB) token holdings. Despite the recent downturn experienced by the native token of the Shiba Ecosystem, Robinhood has added over 800 billion SHIB tokens to its portfolio, solidifying its position. This daring
Binance.US, the American affiliate of cryptocurrency giant Binance, finds itself trapped in a tempest of legal challenges and a wave of executive departures. As regulatory scrutiny intensifies, the company’s key risk and legal executives have chosen to part ways, compounding the growing list of personnel changes within its ranks. The recent exits of Krishna Juvvadi,
Matter Labs, the creator of zkSync, has recently collaborated with DappRadar to launch a new ecosystem portal. zkSync stands as a layer-two blockchain solution for Ethereum payments, aimed at scaling the Ethereum blockchain ecosystem. With over 200 projects already onboard, zkSync has handled more than 8.8 million testnet transactions, showcasing its potential for success. In
Joy Division, the influential post-punk band, has always been synonymous with their masterpiece album, “Unknown Pleasures.” Now, drummer Stephen Morris and Peter Saville from Factory Records have come together to create a groundbreaking NFT that pays homage to the band’s iconic album. This collaboration, titled CP1919, is set to be unveiled next month through Pace
Solana, the popular cryptocurrency that gained attention during the 2020-2021 bull market, has experienced its fair share of volatility in recent times. From the plummeting prices following the collapse of FTX to the selling pressure caused by the approval of FTX’s digital assets sale, Solana has been on a rollercoaster ride. In this article, we
Coinbase, a prominent player in the world of cryptocurrency services, is currently embroiled in legal disputes in the United States. Accused of improper conduct, the platform has vehemently denied any wrongdoing and has even sought the dismissal of the case. Despite these allegations, both Coinbase and its CEO, Brian Armstrong, continue to enjoy positive recognition
Coinbase CEO Brian Armstrong recently voiced his opposition to the U.S. Commodity Futures Trading Commission’s (CFTC) pursuit of enforcement actions against decentralized finance (DeFi) protocols. In a post on X (formerly Twitter), Armstrong argued that these protocols should not be considered “financial service businesses” and suggested that they should take their cases to court instead.
In the not-so-distant past, tales of crypto millionaires were a common occurrence in the cryptocurrency world. However, with the arrival of the cryptocurrency winter, these stories seemed to fade away. Yet, the recent success of PEPE has reignited the flame of hope, turning small investments into vast fortunes. Now, the burning question on everyone’s mind
Recent statements from Nasdaq executive Giang Bui suggest that an early dismissal of BlackRock’s planned spot Bitcoin exchange-traded fund (ETF) should not significantly impact its eventual success. Bui emphasizes that the rejection primarily stems from regulatory procedural issues rather than the substance or potential viability of the product. These comments provide valuable insights into the
The European Parliament has taken a significant step in regulating the cryptocurrency market by approving DAC8, a measure that introduces tax reporting requirements for crypto transactions across the European Union (EU). With an overwhelming vote of 535 in favor, 57 against, and 60 abstentions, the proposed rule has cleared its final legislative hurdle and is
In a recent court filing, FTX, the crypto exchange currently navigating bankruptcy, has made significant changes to its proposal for the sale of its Bitcoin and crypto holdings. This move comes as a response to concerns raised by the US Trustee, the bankruptcy branch of the Department of Justice. FTX initially proposed a plan to
Pixels, a popular social browser game, has made its mark on the Polygon blockchain, establishing a strong presence in the Web3 gaming sector. With over 1.5 million on-chain transactions recorded monthly, Pixels boasts a solid user base. However, the game is now preparing for a significant transition to the Ronin platform, developed by Sky Mavis.
Cryptocurrency exchange CoinEx recently fell victim to a massive hack resulting in the loss of over $27 million. According to a report by blockchain security firm SlowMist, the hack was carried out by the notorious North Korean Lazarus Group. This revelation was also supported by well-known on-chain investigator ZachXBT, who connected the group’s address to
Stablecoin issuer Paxos has recently released its first transparency report for PayPal USD (PYUSD), an Ethereum-based stablecoin. The report confirms that the coin is fully backed by assets, providing reassurance to token holders. The total assets held in PYUSD custody are equal to, or greater than, the token balance, with a current value of $44.4
In the world of cryptocurrencies, a new player has emerged—Bitcoin BSC ($BTCBSC). With its stake-to-earn model and enticing presale, $BTCBSC is quickly gaining attention and generating overwhelming hype. But is this new cryptocurrency truly a game-changer? In this article, we will delve into the features and potential of Bitcoin BSC, and explore why experts in
The cryptocurrency market has witnessed the meteoric rise of two on-chain tokens – EmotiCoin (EMOTI) and Wall Street Memes ($WSM). These tokens have gained significant attention due to their unique tokenomics and promising development roadmaps. In this article, we will delve into the reasons behind their explosive growth and explore the potential for further success.
Cryptocurrency exchange CoinEx recently experienced a security breach that resulted in unusual withdrawals from its hot wallets, where it stores exchange funds. According to official reports on September 12, the breach involved unauthorized transactions of Ethereum (ETH), TRON (TRX), and Polygon (MATIC) assets. The incident raised concerns about the security measures in place at CoinEx
Global cryptocurrency exchange CoinEx recently fell victim to a significant cyber attack, resulting in the theft of at least $29 million worth of assets. The breach was reported by crypto security platform Cyvers, which urged CoinEx to immediately suspend all deposits and withdrawals. The hack targeted the exchange’s hot wallets and involved suspicious transactions across
Tencent Cloud, in collaboration with Ankr, has unveiled its latest product, Tencent Cloud Blockchain RPC. Designed specifically for Web3 developers, this product aims to provide reliable Web3 infrastructure and essential developer services. With the goal of overcoming obstacles commonly faced in Web3 development, Tencent Cloud Blockchain RPC offers a solution that is both cost-effective and
In the crypto industry, there are many misconceptions, one of which is the belief that a project does not require a US legal opinion. However, this notion is far from accurate. Recent events, such as the legal battles between the SEC and industry titans like Binance and Coinbase, highlight the importance of obtaining a robust
The new financial promotions regulations imposed by the UK Financial Conduct Authority (FCA) have raised concerns among the cryptocurrency community. According to Delphi Labs general counsel, Gabriel Shapiro, the majority of crypto firms are likely to face challenges in complying with these regulations. While centralized exchanges and some well-established decentralized finance (DeFi) projects might find
In a troubling turn of events, popular cryptocurrency exchange CoinEx has reportedly fallen victim to a suspected hack, resulting in substantial losses from its Ethereum (ETH), TRON (TRX), and Polygon (MATIC) hot wallets. This incident, which unfolded on Tuesday, has sparked an ongoing investigation into the security breach. Reports from reputable sources indicate that CoinEx
The blockchain world is constantly evolving, and layer-2 solutions powered by zero-knowledge (ZK) proofs have gained significant attention. And now, a new player has entered the ecosystem as Manta Network launches its ZK-as-a-service platform. Manta Pacific, a modular L2 platform, is specifically designed to support Ethereum Virtual Machine (EVM)-native decentralized applications (DApps) by utilizing ZK-proof
The rise of cryptocurrency has brought about a new wave of cyber attacks and hacks, with malicious actors constantly finding new ways to exploit vulnerabilities in the system. One recent example is the $41 million hack of the cryptocurrency casino Stake. The hackers behind this attack have recently made another move, transferring $328,000 worth of