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Witness Chain uses Polygon CDK for DePIN coordination layer development
22.5.2024
Witness Chain has announced plans to develop the DePIN Coordination Layer (DCL) with the help of the Polygon CDK (Chain Development Kit). There are multiple functions that the DCL is intended to fulfill. To start with, it opens the door for the development of composite DePIN DApps, which combine...
SEC Chair Gary Gensler Slams FIT2I, Cites “Immeasurable Risk” To Investors
22.5.2024
United States Securities and Exchange Commission (SEC) Chair Gary Gensler released a statement Wednesday morning criticizing the Financial Innovation and Technology for the 21st Century Act (FIT21), claiming it would present "immeasurable risk" to investors and markets. Gensler's commentary comes...
Cronos zkEVM Testnet network gets upgraded to Tethys
22.5.2024
Cronos zkEVM Testnet network gets upgraded to Tethys, with its testnet scaling creating the way forward towards Cronos zkEVM’s mainnet introduction. In the case of Cronos zkEVM, it is a zero-knowledge ZK layer 2 blockchain network harnessed by Ethereum. Its project revolves around ZK Chain...
COTI V2 changing private play on blockchain via encrypted circuit
22.5.2024
COTI V2 is an absolute game changer with a private play on blockchain through encrypted circuits, bringing extra speed and less weight. Presently, the builder network Genesis is positioned live, with the company reaching out to developers to connect with their developer scheme. The network comes...
US Prosecutors Seek 5-7 Years for Former FTX Executive Ryan Salame
22.5.2024
Prosecutors argue that former FTX executive Ryan Salame's crimes warrant a substantial prison term, beyond the 18 months previously requested by his lawyers, with sentencing scheduled for May 28.
The post US Prosecutors Seek 5-7 Years for Former FTX Executive Ryan Salame appeared first on Cryptonews
Deutsche Bank Infra Provider Taurus Expands to North America
22.5.2024
Crypto technology provider Taurus opens its first North American office in Vancouver to meet increasing demand for digital asset services after expansion in London, Paris, Frankfurt, and Dubai.
The post Deutsche Bank Infra Provider Taurus Expands to North America appeared first on Cryptonews
SEC Files Opposition To Ripple’s Latest Motion
21.5.2024
A response to Ripple's move to redact and seal the company's business facts was filed by the US Securities and Exchange Commission (SEC) on May 21 in the parties' remedy briefings.
The post SEC Files Opposition To Ripple’s Latest Motion appeared first on Cryptonews
Former Treasury Official Graham Steele Gets Pushback On FIT21 Take After DIFA Petition Criticism
21.5.2024
Former U.S. Treasury Graham Steele is receiving backlash after he took to X Monday morning to scrutinize a petition created by Digital Innovation For America (DIFA) for the Financial Innovation and Technology for the 21st Century Act (FIT21). The bill is set for a full House vote taking place...
ZachXBT Uncovers 7 More Addresses Linked to Lazarus Worth $61 Million—Here’s the latest
21.5.2024
ZachXBT has identified seven wallet addresses containing 891.13 Bitcoin, worth approximately $61 million, linked to the infamous North Korean hacking group Lazarus.
The post ZachXBT Uncovers 7 More Addresses Linked to Lazarus Worth $61 Million—Here’s the latest appeared first on Cryptonews
Hong Kong Police Arrest Three in HK$5.1 Million Virtual Investment Talk Show Ticket Scam
21.5.2024
Hong Kong police have arrested three individuals linked to a fraud syndicate that allegedly defrauded at least 10 residents out of HK$5.1 million (US$653,900) by deceiving the victims into bidding for fake tickets to a virtual investment talk show with the intention of reselling them for...
US House of Representatives Set To Vote On Decentralization Bill
21.5.2024
The eagerly anticipated Decentralisation Bill, officially known as "The Financial Innovation and Technology for the 21st Century Act" (FIT21), is about to go to a vote in the US House of Representatives.
The post US House of Representatives Set To Vote On Decentralization Bill appeared first...
Democratic House Leadership Will Not Whip FIT21 Despite Strong Opposition: Politico
21.5.2024
Democratic House leadership will not whip party members against voting for FIT21, an email from the Democratic Whip's office obtained by Politico reveals. The House is expected to vote on the landmark crypto regulatory framework sometime on Wednesday.
The post Democratic House Leadership Will...
Range to transform IBC into becoming the safest DeFi ecosystem
21.5.2024
Range intends to transform IBC and the interchain into becoming the safest DeFi ecosystem, for which forming connections with Osmosis and Stride are on the anvil. Together, they will develop risk tools like the IBC dashboard and enhance the forthcoming IBC rate limits v2 deliverance. The idea...
Sei Foundation proposes a version 2 network upgrade to bring EVM compatibility
21.5.2024
Sei Foundation, the parent company of the Sei blockchain operating at Layer 1, has made an important step to version 2 of its network, as announced on Monday. This upgrade, led by Sei Labs, aims to improve the blockchain’s utilization by implementing a high-performance instance...
Gala Games Hit by $23 Million Token Exploit Due to ‘Messed Up’ Internal Controls
21.5.2024
Gala Games, a prominent blockchain gaming platform, experienced a significant security breach attributed to "messed up internal control" that resulted in the unauthorized sale of 600 million GALA tokens, valued at $23 million.
The post Gala Games Hit by $23 Million Token Exploit Due...
Russian Crypto Mining Sector Could Grow ‘by 20-40%’ in 2024 – Report
21.5.2024
The Russian crypto mining industry could grow “by between 20% and 40%” in 2024, a new report has claimed.
The post Russian Crypto Mining Sector Could Grow ‘by 20-40%’ in 2024 – Report appeared first on Cryptonews
Stablecoin Market Faces Fresh Challenges with ‘Fourth-Gen Coins’ – South Korean Report
21.5.2024
South Korean analysts think new challenges await the “next generation” of stablecoins, as the industry continues to develop.
The post Stablecoin Market Faces Fresh Challenges with ‘Fourth-Gen Coins’ – South Korean Report appeared first on Cryptonews
XLink Partners with Kaamel Technology to Investigate $10M Security Breach
20.5.2024
XLink has announced a partnership with cybersecurity firm Kaamel Technology, which aims to thoroughly investigate the 'root cause' of a data breach incident on May 15, involving nearly $10 million of user funds.
The post XLink Partners with Kaamel Technology to Investigate $10M Security Breach...
Binance Encourages Small and Medium Crypto Projects to Tackle Low Float and High FDV
20.5.2024
Binance, the world's largest cryptocurrency exchange, has urged small and medium-sized crypto projects to address the prevalent trend of low float and high fully diluted valuations (FDV).
The post Binance Encourages Small and Medium Crypto Projects to Tackle Low Float and High FDV appeared first...
Craig Wright Lied To Court: UK Judge Reveals
20.5.2024
An Australian computer scientist named Craig Wright, who has frequently claimed to be the anonymous creator of Bitcoin, Satoshi Nakamoto, was found not guilty by a UK High Court judge on May 20.
The post Craig Wright Lied To Court: UK Judge Reveals appeared first on Cryptonews