CipherTrace’s director of investigations and intelligence says data provided to the government by Chainalysis cannot be verified and should not be admissible in court.
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CipherTrace expert says Chainalysis data contributed to ‘wrongful arrest’ of alleged Bitcoin Fog founder
CipherTrace’s director of investigations and intelligence says data provided to the government by Chainalysis cannot be verified and should not be admissible in court.
Only 6 out of 45 crypto wallet brands have undergone penetration testing: Report
Cybersecurity certification platform CER said the vast majority of wallets do not hire outside experts to perform penetration tests.
Star Trek trademarks for NFTs: The final frontier
CBS Studios applied to use the name "Star Trek Continuum" for nonfungible tokens and crypto collectibles.
Bitcoin risks 15% dip by October, but $100K is due in 2026 — Analysis
Bitcoin falling back to $25,000 would mark its "last big dip" before the next BTC price bull run, says Cane Island's Timothy Peterson.
Binance drops majority of USD Coin reserves — Latest USDC news
This week’s episode of The Market Report explores the reasons why Binance let go of a majority of its USDC reserves and what it replaced them with.
Binance drops majority of USD Coin reserves — Latest USDC news
In the most recent episode of The Market Report, analyst and writer Marcel Pechman delves into the topic of crypto exchange Binance’s proof-of-reserves. This report reveals a significant decline in USD Coin (USDC) balances, plummeting from $3.4 billion on March 1 to a mere $23.9 million by May 1.
According to insights from on-chain analyst Aleksandar Djakovic, this decline signifies that Binance utilized the $3.4 billion to procure 100,000 Bitcoin (BTC) and 550,000 Ether (ETH) during that period, totaling approximately $3.5 billion. The central question, as posed by Pechman, revolves around whether this investment was initiated by Binance users, thereby distancing Binance CEO Changpeng Zhao and the company from direct involvement.
Pechman disagrees with this conjecture, although he does acknowledge the possibility of the exchange accessing a portion of its USDC reserved for margin or derivatives trades. Nevertheless, he finds the notion of depleting the entire balance without client awareness or impacting the exchange’s day-to-day functions implausible.
Transitioning to the next segment of the show, Pechman delves into PayPal’s imminent launch of a stablecoin, announced on Aug. 7. This stablecoin, issued by Paxos Trust and built on the Ethereum blockchain, bears striking similarities to USDC and Paxos USD (USDP). Yet, Pechman highlights a distinguishing factor in the integration of the stablecoin with PayPal and Venmo.
Ultimately, Pechman concludes that there is no discernible benefit for end users in adopting this new stablecoin. Other stablecoins, he points out, offer both yield and a more extensive presence in the decentralized applications market.
Binance drops majority of USD Coin reserves — Latest USDC news
This week’s episode of The Market Report explores the reasons why Binance let go of a majority of its USDC reserves and what it replaced them with.
Maple Finance secures SEC exemption for on-chain Treasury Pools
Launched in April, the USDC Pools were previously accessible only to non-U.S. accredited investors.
Another Fantom project winds down citing Multichain exposure
Over $1.5 billion of users' and enterprises' assets were held on Multichain prior to the arrest of its CEO Zhaojun He.
What will Bitcoin do if the Justice Department takes aim at Binance?
If the U.S. DOJ indicts Binance executives on charges similar to those already issued by regulators, could it have an unusual effect on the cryptocurrency market in the year ahead?
Russia to being CBDC trials with 13 banks
According to Olga Skorobogatova, First Deputy Governor of the Bank of Russia, initiating pilot operations using genuine digital rubles represents a pivotal phase within the project.
Is fully decentralized blockchain gaming even possible?
A ragtag group of communists and ZK-rollup fans are working tirelessly to make blockchain games composable and fully on-chain. It’s not easy.
Is fully decentralized blockchain gaming even possible?
Despite promises of “decentralization” and “trustless ownership,” the vast majority of crypto games today are, at best, partially decentralized. Web3 is the branding, but in reality, most are “Web2+.” Game assets live on-chain, yet the game logic, state and storage remain off-chain on centralized servers.
Why? Simply put, it’s not easy to build a fully decentralized game on-chain. Blockchains in 2023 are still far too slow for processing the gargantuan number of transactions that video games require. Lattice CEO Ludens tells Cointelegraph:
“Building a fully on-chain game right now is a little bit like building video games on a computer from the 1980s. We don’t yet have complex on-chain games yet because the blockchains – even Layer 2s – are not powerful enough right now.”
Furthermore, developers have to make important tradeoffs when using blockchain technology to make the game widely accessible to non-crypto audiences.
For instance, Aurory’s developers created a hybrid inventory system called Syncspace, which allows players to leave their assets in Aurory’s custody, but move them into their Solana wallets if they wish.
Is fully decentralized blockchain gaming even possible?
Despite promises of “decentralization” and “trustless ownership,” the vast majority of crypto games today are, at best, partially decentralized. Web3 is the branding, but in reality, most are “Web2+.” Game assets live on-chain, yet the game logic, state and storage remain off-chain on centralized servers.
Why? Simply put, it’s not easy to build a fully decentralized game on-chain. Blockchains in 2023 are still far too slow for processing the gargantuan number of transactions that video games require. Lattice CEO Ludens tells Cointelegraph:
“Building a fully on-chain game right now is a little bit like building video games on a computer from the 1980s. We don’t yet have complex on-chain games yet because the blockchains – even Layer 2s – are not powerful enough right now.”
Furthermore, developers have to make important tradeoffs when using blockchain technology to make the game widely accessible to non-crypto audiences.
For instance, Aurory’s developers created a hybrid inventory system called Syncspace, which allows players to leave their assets in Aurory’s custody, but move them into their Solana wallets if they wish.
Is fully decentralized blockchain gaming even possible?
A ragtag group of communists and ZK-rollup fans are working tirelessly to make blockchain games composable and fully on-chain. It’s not easy.
Is fully decentralized blockchain gaming even possible?
A ragtag group of communists and ZK-rollup fans are working tirelessly to make blockchain games composable and fully on-chain. It’s not easy.
Is fully decentralized blockchain gaming even possible?
A ragtag group of communists and ZK-rollup fans are working tirelessly to make blockchain games composable and fully on-chain. It’s not easy.
Is fully decentralized blockchain gaming even possible?
Despite promises of “decentralization” and “trustless ownership,” the vast majority of crypto games today are, at best, partially decentralized. Web3 is the branding, but in reality, most are “Web2+.” Game assets live on-chain, yet the game logic, state and storage remain off-chain on centralized servers.
Why? Simply put, it’s not easy to build a fully decentralized game on-chain. Blockchains in 2023 are still far too slow for processing the gargantuan number of transactions that video games require. Lattice CEO Ludens tells Cointelegraph:
“Building a fully on-chain game right now is a little bit like building video games on a computer from the 1980s. We don’t yet have complex on-chain games yet because the blockchains – even Layer 2s – are not powerful enough right now.”
Furthermore, developers have to make important tradeoffs when using blockchain technology to make the game widely accessible to non-crypto audiences.
For instance, Aurory’s developers created a hybrid inventory system called Syncspace, which allows players to leave their assets in Aurory’s custody, but move them into their Solana wallets if they wish.
EOS Foundation urges creditors to reject $22M Block.one settlement
Amid the approaching deadline for opting out of the current $22 million settlement with Block.one (B1), EOS Network Foundation (ENF) has called on plaintiffs to drop the lawsuit.
The ENF took to Twitter on Aug. 8 to encourage plaintiffs to reject the $22 million settlement Block.one, the firm that was the original seller of EOS (EOS) in a $4 billion initial coin offering (ICO) in 2018.
The EOS foundation argued that the existing settlement “does not adequately compensate” community members for losses caused by Block.one’s “misrepresentations and bad acts.” The ENF emphasized that the settlement amount is a tiny fraction of the amount raised by Block.one as well as $1 billion that it falsely promised to invest in the EOS network and community.
“$22 million is too small a price for Block.one to pay to avoid having to be held to account for their bad acts in the future,” the announcement reads.
Additionally, the settlement bars class action participants’ rights to file new complaints against Block.one and its founders in the future, the ENF stressed, adding: