ShardLab, the blockchain arm of Hashed, a global Web3 venture capital firm, has unveiled a groundbreaking web application designed to streamline decentralized identity (DiD) and NFT voucher distribution processes. This new application leverages cutting-edge technologies such as account abstraction (AA) and zero-knowledge proofs (ZK) to enhance security and usability for everyday transactions, setting a new
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Recently, wallets linked to the CoinStats exploiter made a move that raised eyebrows in the crypto community. A staggering $1 million in Ether was transferred into the controversial crypto mixing protocol known as Tornado Cash. This significant transfer occurred not long after CoinStats announced that they were conducting investigations into the exploit. The blockchain security
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Blockchain technology has revolutionized the way we think about transactions and data storage. With the rise of cryptocurrencies, it has become essential to ensure the security of digital assets. Recently, Kraken, along with other key industry players, announced the formation of the Blockchain Security Standards Council (BSSC) to enhance security within the crypto sector. This
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In recent news, Ethereum 2.0 staking has experienced a significant surge, reaching a major milestone with the deposit contract for staking on the Beacon Chain hitting a record high of 47.36 million ETH. Surprisingly, this accounts for a staggering 33.9% of the total Ethereum supply. These statistics, provided by the crypto analytic platform Santiment, indicate
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Ethereum (ETH) has been making headlines in the cryptocurrency world as the top trending token. This surge in popularity can be attributed to the updated S-1 forms filed for spot ETH ETFs by major financial firms such as BlackRock, Fidelity, VanEck, 21Shares, Grayscale, and Franklin Templeton. The market intelligence platform, Santiment, highlighted Ethereum as the
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The recent news of Paxful’s co-founder and former CTO, Artur Schaback, pleading guilty to conspiracy has sent shockwaves through the cryptocurrency community. Schaback’s failure to establish, develop, implement, and maintain a compliant AML program as required by the Bank Secrecy Act has raised serious concerns about the company’s practices. The US Department of Justice’s Office
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Katherine Dowling, the Chief Compliance Officer of Bitwise, recently stated that spot Ethereum ETFs are on the verge of approval. In a discussion with Bloomberg, she mentioned that the Securities and Exchange Commission (SEC) is receptive to discussions about various financial products. Dowling highlighted that the SEC and ETF issuers are making progress with each
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The implementation of Europe’s Markets in Crypto-Assets Regulation (MiCA) on June 30 has resulted in a significant shift in the cryptocurrency market. With an increased demand for compliant stablecoins, Circle’s USDC has emerged as a primary beneficiary of this trend. According to French blockchain analytics firm Kaiko, non-compliant stablecoins currently account for 88% of the
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Artur Schaback, co-founder and former CTO of Paxful Inc., recently pleaded guilty to conspiracy charges related to the failure of maintaining an effective anti-money laundering (AML) program. This negligence allowed Paxful to become a hotspot for various illicit activities, including money laundering, sanctions violations, fraud, romance scams, extortion schemes, and prostitution. Criminal activities flourished under
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MetaMask, the popular browser extension wallet developed by Consensys, has introduced a groundbreaking innovation with the MetaMask Delegation Toolkit. This toolkit is specifically designed to revolutionize user onboarding in the Web3 space. By simplifying the process of accessing decentralized applications (dapps), MetaMask aims to eliminate user friction and provide a more seamless experience for users.
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Bitcoin (BTC) has recently experienced a significant drop in price, reaching its lowest level since February 26. Despite hovering around the $57,000 range in the face of high volatility, Bitfinex analysts have identified on-chain indicators that suggest the leading cryptocurrency may be on the verge of a potential recovery. The correction in Bitcoin’s price was
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Bitcoin has seen a significant decrease in price by more than -22% since its peak in mid-March, raising concerns among traders and investors. Jacob Canfield, a trading mentor at Trading Mastery, has conducted a thorough analysis of Bitcoin’s historical pricing trends, pointing to a potential further decline in the cryptocurrency’s value. According to Canfield, Bitcoin
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Sovereign Nature Initiative (SNI) has recently partnered with Unique Network and WalletConnect on the Polkadot blockchain to launch a unique initiative called DOTphin. This collaboration is set to revolutionize the use of NFTs in promoting environmental sustainability and community engagement within the blockchain ecosystem. DOTphin is an initiative that leverages dynamic NFTs to create personalized
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Binance, known as the world’s largest cryptocurrency exchange, recently made the decision to delist four digital assets from its platform. This move caught many traders and investors off guard, causing panic in the market. The delisted cryptocurrencies include BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkastarter (POLS). Support for all spot trading pairs involving these
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Messari, a prominent US-based crypto market intelligence platform, has taken a bold and decisive step by declaring independence from the Securities and Exchange Commission (SEC). This move comes in response to the perceived stringent approach of the regulatory body towards the emerging industry. In a statement on July 7, Ryan Selkis, CEO of Messari, made
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