Tether, Bitfinex Yield to Transparency Amid FOIL Request
The Freedom of Information Law (FOIL) request submitted in New York by several prominent news organizations, including Tether and Bitfinex, has been mutually consented to to relinquish their initial opposition.
In response to a Freedom of Information Act (FOIA) request from CoinDesk earlier this year, the USDT stablecoin issuer and cryptocurrency exchange stated that it is devoted to sharing information transparently.
The Risks and Rewards of Investing in Mining Stocks
Investing in mining stocks can offer both lucrative rewards and significant risks. Mining stocks are shares of companies involved in the exploration, development, and production of mineral resources. Understanding the potential risks and rewards associated with investing in this sector is crucial for investors seeking to capitalize on opportunities in the mining industry.
Mining stocks are exposed to various market and operational risks. The volatility of commodity prices can greatly impact the
OpenAI, Google CEOs Engage in Global AI Regulation Battle
Since November 2022, when the artificial intelligence (AI) chatbot ChatGPT was made available for public use, its parent company OpenAI has been battling global regulators.
This week, the company’s CEO, Sam Altman, spoke with officials in Brussels about the upcoming EU AI Act, about which he has “many concerns.”
Altman emphasized that the regulations include AI technology with general applications, such as Open AI’s GPT-4.
He cautioned about the future of the company’s activities in Europe if
The crypto exchange Binance halted deposits for ten bridged tokens on May 25 after days of stalled transactions sparked uncertainty regarding the Multichain (MULTI) protocol.
Polkastarter (POLS), AlpacaToken (ALPACA), Travala.com (AVA), Spell (SPELL), Fantom (FTM), Alchemy (ACH), Beefy (BIFI), SuperVerse (SUPER), Harvest Finance (FARM), and DeXe (DEXE) are among the token pairs that are impacted.
Users of bridged tokens on the BNB Smart Chain, Fantom, Ethereum, and Avalanche blockchain network
Nanjing, the central city of China’s Jiangsu province, has launched a new metaverse website that the government backs. In particular, the China Metaverse Technology and Application Innovation Platform will help the business grow nationwide.
NUIST, which stands for Nanjing University of Information and Science Technology, oversees the new school. Moreover, a formal statement noted the people who started the site. All of them were from different universities and companies that work with the metav
Jump Crypto, a Web3 investor and developer, has discovered a vulnerability in Celer’s State Guardian Network (SGN) that would allow malicious validators to compromise the network and its applications, including Celer’s cBridge.
Due to a bug in the SGN EndBlocker code, validators could vote multiple times on the same update, according to the postmortem report from Jump Crypto.
By permitting validators to vote numerous times, malicious actors could increase their ability to approve harmful updat
Montenegro Overturns High Court Do Kwon Bail Ruling
Do Kwon was caught in Montenegro at the Podgorica Airport on March 23, 2023, as he tried to get on a private jet to Dubai. A video that went viral showed Kwon leaving the Montenegrin court in handcuffs.
A Montenegro court recently let Do Kwon out on bail. On local charges, he was let go on bail of 400,000 euros ($440,320). However, according to the most recent news, a court in Montenegro has revoked Do Kwon’s bail.
Alexander Vinnik, the Russian co-founder of the allegedly illegal cryptocurrency exchange BTC-e, is attempting to secure his release through a “prisoner swap.”
The Wall Street Journal reported on May 24 that Vinnik’s attorney is attempting to modify Vinnik’s protective order so that he can be considered as part of a prisoner trade deal between Russia and the United States.
Consequently, he could be “swapped” for the detained WSJ reporter Evan Gershkovich.
Binance disclosed that it “assisted US law enforcement” in seizing $4.4 million of cryptocurrencies linked to North Korean cybercrime networks.
Binance stated in a May 25 Twitter thread that its Binance Investigations team collaborated with U.S. law enforcement to impede the “illicit revenue generation activities” of four now-sanctioned North Korean entities.
“We took proactive action against accounts associated with these individuals more than a year ago, following lawfully served warrants an
Ex-basketball star Shaquille O’Neal has had yet another run-in with process servers, who have been trying for months to serve him with a class-action lawsuit for allegedly promoting FTX.
This time, however, a new lawsuit has been added to the mix, alleging that he founded and promoted a Solana-based nonfungible token project called Astrals, which the case describes as “unregistered securities.”
The Wall Street Journal reports that process servers reached O’Neal on May 23 while he was commentin
Ron DeSantis, the current governor of Florida, has officially thrown his hat into the ring for the 2024 United States presidential election, promising to “protect” Bitcoin if he wins.
On May 24, Twitter CEO Elon Musk joined DeSantis and approximately 520,000 live listeners for a Twitter broadcast of DeSantis’s announcement, moderated by venture capitalist David Sacks.
“As president, we’ll protect the ability to do things like Bitcoin,” said DeSantis. He added, “There are risks involved,” but p
The Role of Women in Web3 – Opportunities and Challenges
In the rapidly evolving digital landscape of Web3, the role of women is becoming increasingly significant. As blockchain technology, cryptocurrencies, and decentralized applications shape the future of the internet, it is essential to explore the opportunities and challenges women face in this domain.
Web3 presents a range of exciting opportunities for women to participate and thrive. With decentralized finance (DeFi), women can access new avenues for financial empowerment, investment, and earn
Top 5 Cryptocurrency Podcasts to Listen to for Education and Insight
Moreover, it is imperative that you stay updated on industry news and trends, as the crypto landscape is constantly evolving. Podcasts, if you didn’t already know, broaden your mind and make life fascinating. In addition, many podcasts are free, can be downloaded, and can be listened to anywhere, including while performing other tasks or going about your daily routine. There is much to learn and continue learning in the Crypto sphere, and listening to Crypto podcasts is a great way to cover your
According to court documents, the cryptocurrency consortium Fahrenheit was the winning bidder to acquire the insolvent cryptocurrency lender Celsius Network.
The acquisition includes assets previously valued at approximately $2 billion that belonged to Celsius.
The court documents, filed in the early hours of May 25, indicate that the consortium will acquire the institutional loan portfolio, staked cryptocurrencies, mining unit, and other alternative investments of Celsius Network.
A Deep Dive into the Environmental Impact of Cryptocurrency Mining
Cryptocurrency mining has emerged as a revolutionary technology that enables decentralized transactions and financial systems. However, its rapid growth and increasing popularity have raised concerns about its environmental impact.
This deep dive aims to explore and understand the environmental consequences associated with cryptocurrency mining. Cryptocurrency mining involves complex computational processes that validate and record transactions on a blockchain network.
CCTV, a state-affiliated media organization in China, aired a video about cryptocurrency on May 24 that attracted significant attention on CryptoTwitter.
The CEO of Binance, Changpeng “CZ” Zhao, referred to it as a “big deal” and claimed that similar coverage in the past “led to bull runs.”
The CCTV network removed the video from its platform just one day after CZ’s comment. The video program discussed recent developments in Hong Kong regarding cryptocurrency compliance.
The South Korean government is implementing new regulations requiring officials to disclose their Bitcoin holdings.
The National Assembly of South Korea has unanimously passed a bill requiring lawmakers and high-ranking public officials to disclose their crypto assets.
The new bill was passed during a plenary session on May 25, according to the local news agency News1.
The bill included amendments to the National Assembly Act and the Public Service Ethics Act, according to the report.
Mining algorithms and coins play a crucial role in cryptocurrency, enabling the creation of new coins and securing blockchain networks. For miners and investors, profitability is essential when choosing which algorithms and coins to mine.
The most profitable mining algorithms and coins can vary over time due to mining difficulty, block rewards, market demand, and technological advancements.
This discussion will explore some of the most profitable mining algorithms and coins that have gained si
ESRB Calls for Increased Scrutiny of Crypto Market
As the crypto industry continues to develop reciprocal connections with traditional finance, the risks posed to the global economy by a crisis in the former are growing.
According to the European Systemic Risk Board (ESRB), the market for digital assets should be subjected to greater scrutiny.
The European Central Bank’s (ECB) oversight body, the ESRB, published its report on crypto assets and decentralized finance (DeFi) on May 25.
The central argument of the 77-page report is that the volat
The Role of Cryptocurrency Mining Pools in the Industry
Cryptocurrency mining pools play a crucial role in the rapidly evolving landscape of digital currencies. As the popularity of cryptocurrencies like Bitcoin and Ethereum continues to soar, mining these digital assets has become increasingly competitive and resource-intensive.
Mining pools have emerged as a vital industry component in this context, offering a collaborative and efficient approach to generating new coins and validating transactions.