Debate rages over Bitcoin power law as critics label it a ‘magic trick’
The Bitcoin power law has come under intense debate, with critics on one side and fierce advocates on the other. Go to Source
Month: August 2024
Democrats Launch ‘Crypto for Harris’ — White House Officials Address Industry Concerns
Senior White House officials have reportedly engaged with cryptocurrency leaders to discuss industry concerns, facilitated by Representative Ro Khanna. This initiative continues the Biden-Harris administration’s efforts to engage with the crypto sector. Additionally, the Democrats have launched a “Crypto for Harris” initiative to help Vice President Kamala Harris gain support from the cryptocurrency community. Biden-Harris … Read more
Chinese boomers joining crypto tapper cults, WazirX fallout worsens: Asia Express
China’s elderly are joining crypto tapper cults, WazirX faces fraud probe and asset freeze, Do Kwon’s flight home delayed again: Asia Express Go to Source
‘Dark Skippy’ method can steal Bitcoin hardware wallet keys
Malicious firmware can embed secret data into a public Bitcoin transaction, which the attacker can then use to extract a person’s seed words. Go to Source
Brazilian Regulator Approves Solana Spot ETF
The Brazilian securities regulator (CVM), equivalent to the U.S. SEC, has greenlighted the launch of a solana spot ETF for national markets. The product, the first of its kind to be approved, is offered by QR and managed by Vortx. It is already in its pre-trading stages. Brazilian SEC Pioneers Solana Spot ETF Approval Solana … Read more
Federal Reserve Cites Significant Deficiencies in Customers Bancorp’s AML Compliance
The U.S. Federal Reserve Board has found “significant deficiencies” in Customers Bancorp, Inc.’s management of risk and adherence to anti-money laundering (AML) regulations. These issues, particularly troubling for the bank known for its crypto-friendly stance, were detailed in an enforcement action filed on Thursday. Kamala’s Crypto Reset: Still Loading… Please Wait The Federal Reserve’s action … Read more
Following Court Ruling, XRP Price Skyrockets as South Korea Leads the Charge
On Aug. 8, following the imposition of a $125 million civil penalty on Ripple Labs by a district judge, the firm’s executives and community celebrated the outcome as a “victory.” This led to an uptick in XRP’s trading volume and price. In the 24 hours leading up to the ruling, XRP rose from $0.4933 to … Read more
Industry execs discussed crypto policy with White House officials: Report
Representatives from Coinbase, Kraken, Ripple and Circle reportedly attended a video call with US policymakers to discuss their approach to crypto regulation. Go to Source
OpenAI claims GPT-4o poses ‘medium risk’ of political persuasion
On the bright side, the company says there’s little risk it’ll become sentient and begin updating itself. Go to Source
Researchers identify key circuit layer vulnerabilities in SNARK systems
A study by Imperial College London examined 141 vulnerabilities in SNARK systems, mostly impacting system soundness and completeness. Go to Source