Changpeng Zhao’s 4-month sentence a ‘general deterrence,’ says lawyer
CZ’s charges are serious, justified, and “sent a message” to the industry that compliance “must be taken seriously,” says lawyer and RMIT lecturer Aaron Lane. Go to Source
Month: May 2024
Vitalik Buterin breaks down ‘Binius’ as a way to speed up zero-knowledge proofs
The Ethereum co-founder expects “many more improvements” in binary-field-based proving techniques in the months ahead. Go to Source
Nigeria Cryptocurrency Clampdown: Central Bank Directs Fintech Firms to Stop Opening New Accounts
The Central Bank of Nigeria has directed four fintech companies to cease the creation of new accounts, citing their potential use by cryptocurrency traders. An executive from one of the affected fintech companies has associated the Central Bank’s directive with a current audit of the Know Your Customer (KYC) procedures implemented by these firms. Fintech … Read more
RWA protocols are closing in on $8B total value locked: Messari
The TVL across real-world asset tokenization protocols has surged almost 60% since February, says blockchain analytics firm Messari. Go to Source
Fantom bets on ‘safer memecoins’ with launch of $6.5M dev fund
Fantom Foundation CEO Michael Kong hopes the blockchain can “replicate the success” of its peers by getting in on the memecoin hype. Go to Source
Real-World Assets Hits New Peak With $8 Billion Locked, Reports Messari
The total value locked (TVL) in real-world asset (RWA) tokenization protocols has seen a remarkable surge of almost 60% since February, reaching a new high of almost $8 billion as of April 26, according to a report by blockchain analytics and research firm Messari. This growth is attributed to a market preference for debt-based, high-yield … Read more
‘Pretty ordinary stuff’ — Traders seem unfazed by Bitcoin correction
Crypto traders are stressing that the Bitcoin price correction is “exactly what the cycle needs” right now. Go to Source
Tether Invests $200 Million in Blackrock Neurotech, Launches Evo Division
Tether, the giant behind the world’s largest stablecoin USDT, announced a $200 million strategic investment in Blackrock Neurotech, a brain-interface company. The investment also marks the launch of Evo, a new business division for the company that will examine investments in initiatives that merge tech and human potential. Tether Dabbles in Biotech, Acquires $200 Million … Read more
‘No signs’ of Bitcoin miner capitulation despite plummeting revenue
CryptoQuant CEO Ki Young Ji said that despite a drop in Bitcoin mining revenues since the halving, Bitcoin miners haven’t shown any signs of capitulation. Go to Source
BDAG X30 Rig Leads Polygon (MATIC) Price & PEPE Coin Potential
BlockDAG’s X30 Home Mining Rig Dominates with $2.3M Miner Sales, Outruns Polygon (MATIC) Price, and PEPE Coin Potential The Polygon (MATIC) price weathers a turbulent market, it shows signs of potential recovery. In tandem, the PEPE coin potential is being tested as it has critical support amidst market fluctuations. Amidst these dynamics, BlockDAG emerges as … Read more