Zero-knowledge tech development heats up amid bear market
The intersection of ZK proofs and multichain bridges has become one of the industry's more intriguing development.
Posts published on July 25, 2023 go to media archive 2/4
From Vintage to MNTGE: Digital Fashion Brand to Release NFT Patches Linked to IRL Rewards
The patches were designed by 11 artists, including Jen Stark, Nyan Cat creator Christopher Torres and Bored Ape Yacht Club artist Seneca, and are embedded with NFC chips.
Judge gives US prosecutors until Oct. 3 for discovery in case against Alex Mashinsky
U.S. District Judge John Koeltl granted a continuance for former Celsius CEO Alex Mashinsky’s trial start date, citing the “volume of discovery” and the “complexity of the case.”
Examining Worldcoin’s Concentrated Supply at Token Launch
Following the Monday, July 24, launch of the worldcoin (WLD) token, the cryptocurrency quickly peaked at $3.30 per coin but has since depreciated by over 35%. Despite 18 months of beta testing and claims of more than 2 million sign-ups, the token…
UK Regulator To Enquire About Worldcoin, As WLD Declines By 17% One Day Post-Launch
UK data regulator, the Information Commissioner Office (ICO), has laid out intentions to probe the newly launched crypto project Worldcoin. According to a report by Reuters on July 25, the ICO has taken notice of WorldCoin’s launch in the UK and…
Bitcoin Coinbase Premium Turns Red, US Institutions Disinterested?
Data shows the Bitcoin Coinbase Premium Gap has turned negative recently, a sign that large US-based investors may be selling currently. Bitcoin Coinbase Premium Gap Has Remained Near Neutral For A While Now As pointed out by an analyst in a…
Ether death cross threatens more downside as ETH price trades at a key support level
ETH’s technical and on-chain indicators point toward further downside, but there is a silver lining.
Alphapo payment provider hack now estimated at over $60M — ZachXBT
The on-chain sleuth ZachXBT claims to have found an additional $37 million in losses suffered from the unconfirmed attack.
Venture Capital Firm a16z Unloads $7M of MKR Tokens as Price Soars
Lending platform Maker’s governance tokens soared to near one-year high prices last week prior to the transactions.
Stablecoin Economy Sees $3 Billion Drop: Leading USD Tokens Shrink as Euro-Anchored Projects Display Resilience
The stablecoin economy continues to shrink, with more than $3 billion in value removed from today’s top stablecoin valuations in less than 40 days. The dollar-pegged tokens USDP and GUSD experienced the largest 30-day reductions, shedding…
DeFi Headed Toward a ‘Major Resurgence,’ Tribe Capital’s Boris Revsin Says
The managing partner of the $1.6 billion investment firm says infrastructure is the key to turning crypto into a $10 trillion industry.
Avalanche Foundation allocates $50M investment to on-chain asset token purchases
Called "Avalanche Vista," the initiative will consider investing in any asset that can be tokenized.
Bridge Protocol LayerZero Passes 50M Cross-Chain Messages
The milestone highlights the demand for crypto users to transfer liquidity between chains and conduct cross-chain token swaps.
Crypto Firm Flashbots Raises $60M in Paradigm-Led Round
The new capital will help develop the SUAVE decentralized platform for maximal extractable value (MEV).
Digital Shovel Unveils NanoPOD, A Compact And Efficient Bitcoin Mining Solution
Digital Shovel, the industry leading manufacturer of turnkey, mobile crypto mining containers, has announced the launch of their latest innovation, the NanoPOD. Designed specifically for small to medium mining operations, the NanoPOD stands out as…
Era Lend on zkSync exploited for $3.4M in reentrancy attack
The lending app was drained of funds using a “read-only reentrancy” bug, a type of vulnerability that is often difficult for auditors to spot.
U.S. DOJ Needs 6-8 Weeks to Process Evidence Against Celsius's Former CEO, Attorneys Tell Judge
The U.S. Department of Justice (DOJ) asked a federal judge for six to eight weeks to produce evidence for its case against Alex Mashinsky, the founder and former CEO of crypto lender Celsius.
Worldcoin Founder’s Refusal To Answer Token Distribution Question Sparks Controversy
Worldcoin co-founder Alex Blania’s recent refusal to disclose the token’s distribution model has raised some eyebrows, including that of John Deaton, who has expressed his dismay at his action. Something Fishy With Worldcoin? A video surfaced…
Elon Musk’s Twitter Overhaul Could Be Huge for DOGE and Crypto Generally
“Elon clearly has an affinity for DOGE, almost as part of a running joke, but I wouldn’t be surprised if he actually went through with enabling payments via DOGE.”
Abu Dhabi regulator grants trading firm Rain permission to offer crypto services
The announcement followed crypto exchange Binance receiving similar permission from the Abu Dhabi regulator in November 2022.
Biggest Movers: DOGE Surges to Fresh 2-Month High, AVAX Rebounds on Tuesday
Dogecoin rose for a third consecutive session on Tuesday, as markets continue to speculate what role the meme coin could play on the newly rebranded X platform. The latest surge took the price to its highest level since early May. Avalanche was…
How Bitcoin Miners Can Stay Clear of SEC Scrutiny (and Fall Foul of It)
Regulators view Bitcoin and other proof-of-work cryptocurrencies as commodities. But mining firms can still trip over securities regulations if they’re not careful. This story is part of CoinDesk's Mining Week.
Here’s How Crypto Offers A Lifeline For This Bahamian Payment Company
The Latin American region faces high costs and challenges of traditional settlements, as people sending money to their close ones have to deal with high rates of transfer, and a portion of the population still remains unbanked. However, in a recent…
Solana game developer Automata announces mass layoffs
"It is with a heavy heart that I am writing today to share news about team restructuring efforts we are effectuating today," wrote CEO and co-founder Michael Wagner.
Crypto Exchange KuCoin to 'Adjust Some Personnel as Needed', but Denies Report of Major Layoffs
A report circulated on Twitter on Tuesday that the exchange plans to eliminate 30% of its workforce amid declining profit.
8 ways crypto companies can improve their financial compliance in the US
Absent clear, comprehensive regulatory guidance in the U.S., crypto companies would be wise to shore up their accounting systems.
Riot Platforms at the Heart of Texas' Debate Over Bitcoin Mining’s Effect on the Grid
The world’s biggest bitcoin mine has drawn the ire of some local residents concerned with Bitcoin's community impact.
Overheard at EthCC — Is Crypto Back, Boosted by Artificial Intelligence?
The intersection of AI and crypto has everyone riled up, but there is little agreement on what is its best iteration.
Avalanche Foundation Commits $50M to Bring More Tokenized Assets to Blockchain
The program follows Avalanche’s initiative to financial institutions to test blockchain services on one of its subnets.