Su Zhu revealed the 3AC team had close ties to Terra co-founder Do Kwon, which made them overlook many red flags with the project that eventually led to a multi-million dollar loss for the hedge fund.
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Crypto.com scores regulatory approval from Cyprus SEC
Crypto.com exchange follows in FTX's footsteps by targeting aggressive expansion in Europe after receiving CySEC approval.
Blockchain and cybersecurity awareness on the rise: PolySwarm CEO
As the blockchain space becomes more extensive, cybersecurity becomes a more crucial requirement for many. Because of this, PolySwarm CEO Steve Bassi argued that there is a need to leverage blockchain for cybersecurity.
Bassi told Cointelegraph that while the awareness of blockchain technology and security is on the rise, the use of blockchain within cybersecurity is still in its early days. “Awareness about cyber security and crypto, especially over the last five years, increased more than any time during my professional security career,” he said.
Despite the rise in awareness, the CEO noted that cybersecurity projects are still in the middle of trying to find applications of blockchain in the space. Because of the market gaps, Bassi noted that they created a project to use blockchain to enhance security. They do this by rewarding users as they provide data on malware. The executive said:
“Gathering complete data on malware infrastructure shortens the lifespan of major malware campaigns and ultimately keeps PolySwarm’s customers and the internet at large more secure.”
Taking inspiration from the success of the Brave browser, Bassi explained that at the moment, antivirus companies are already gathering what he describes as “ultra-valuable malware infrastructure” but don’t compensate users for providing the data.
Blockchain and cybersecurity awareness on the rise: PolySwarm CEO
Steve Bassi, the CEO of PolySwarm, said that gathering data on malware infrastructure shortens the lifespan of malware campaigns.
Buying crypto with credit card is now indirectly banned in Taiwan
In its note to banking sector, a chief financial regulator likens virtual assets to online gambling.
Bitcoin traders eye levels to hold as ‘decision time’ looms for BTC price
Levels immediately below the current $23,000 need to hold at the weekly close for Bitcoin bulls to breathe easy, commentators warn.
Bitcoin traders eye levels to hold as ‘decision time’ looms for BTC price
Bitcoin (BTC) recovered above $23,000 into July 22 as attention increasingly focused on the upcoming weekly close.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price needs to preserve at least $22,400
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD finding renewed strength after briefly dipping towards $22,000.
The pair traded in a critical zone for bulls on the day, with the 50-day and 200-week moving averages (MAs) still yet to flip from resistance to support.
Analysts were holding out for the weekly candle close to determine the strength of Bitcoin’s latest uptrend which at one point delivered weekly gains of up to 25%.
“To perform a reclaim of the 200-week MA as support, $BTC needs to Weekly Close above $22800,” popular trader and analyst Rekt Capital wrote in part of a recent Twitter update.
Compass Mining to add 25,000 ASIC miners just weeks after staff cuts
The Bitcoin mining company plans to expand its fleet of mining devices comes on the back of staff lay-offs and executive salary cuts just weeks before.
Mike Novogratz warns that 200X returns from crypto are ‘not normal’
Former-LUNAtic Mike Novogratz has told crypto investors that the insane returns seen in the crypto space are simply unsustainable.
Blockchain’s use in healthcare ‘essential' to protect sensitive data: Zelis CTO
Zelis CTO Kali Durgampudi has called on health care providers to utilize blockchain tech to protect customer data and stave off attacks from cybercriminals.
Large institutions sold $5.5B in BTC since May — and we're still here
Massive sell-offs from institutions appear to have been the driving force behind the drop in Bitcoin price since May, according to an analyst from Arcane Research.
All 'Ethereum killers' will fail: Blockdaemon’s Freddy Zwanzger
“All the Ethereum killers from back in the day didn't succeed, and I don't expect them to succeed at all,” Blockdaemon’s Ethereum lead told Cointelegraph.
All 'Ethereum killers' will fail: Blockdaemon’s Freddy Zwanzger
“All the Ethereum killers from back in the day didn't succeed, and I don't expect them to succeed at all,” Blockdaemon’s Ethereum lead told Cointelegraph.
SEC listing 9 tokens as securities in insider trading case 'could have broad implications' — CFTC
CFTC Commissioner Caroline Pham took issue with the SEC labeling certain crypto assets as securities in an example of “regulation by enforcement."
SBF: Crypto winter winding down, FTX to turn a profit as it serves as lender of last resort
Billionaire CEO of the FTX exchange Sam Bankman-Fried sees a stable crypto market and wider FTX product range ahead pending regulation and a recovering world economy.
SBF: Crypto winter winding down, FTX to turn a profit as it serves as lender of last resort
Billionaire CEO of the FTX exchange Sam Bankman-Fried sees a stable crypto market and wider FTX product range ahead pending regulation and a recovering world economy.
The dark side of the metaverse and how to fight it | Cointelegraph Interview
Cointelegraph sat down with Next Earth’s David Taylor and ActiveFence’s Tomer Poran to discuss how crime will impact the metaverse.
'The market is acting this way because there is no regulation' says Skale Labs' Konstantin Kladko
According to Kladko, a combination of naive investor protection mechanisms and lack of market regulation led to the recent DeFi "supercrash."
'The market is acting this way because there is no regulation' says Skale Labs' Konstantin Kladko
According to Kladko, a combination of naive investor protection mechanisms and lack of market regulation led to the recent DeFi "supercrash."
Ether price stalls at $1,630 after gaining 50% in under a week
The ETH price stalls following a week of gains, leading analysts to call for a pullback in the short term followed by a rally into September when the mainnet Merge is predicted to occur.