As April comes to an end, the cryptocurrency industry witnessed a significant decrease in combined losses from hacks and scams, marking the lowest recorded figure in recent times. According to security firm CertiK, only around $25.7 million was lost to exploits, hacks, and scams throughout the month. This data represents a substantial 141% decrease from
Blockchain
In a recent turn of events in the cryptocurrency industry, former Binance CEO Changpeng ‘CZ’ Zhao was sentenced to four months in prison in a Seattle courtroom. This marked a significant moment for both Binance, one of the industry giants, and its influential founder. The sentencing came after Zhao pleaded guilty to money-laundering violations, signaling
There is a significant dilemma facing Bitcoin miners post-halving, as explained by CryptoQuant CEO Ki Young Ju. Miners are currently at a crossroad, where they must make a decision to either capitulate to the current market conditions or wait for a potential increase in BTC price. Ju expressed his concerns about miners holding onto their
China’s JunHe Law Firm recently delved into the intricacies of anti-money laundering challenges associated with the digital yuan. One of the major concerns highlighted in their report was the potential for the digital yuan to be used anonymously. While this feature provides users with a higher degree of privacy protection, it also opens the door
In a recent disclosure by Io.net CEO Ahmad Shadid, details of a Sybil attack on the network were revealed, shedding light on the vulnerabilities exploited by attackers to manipulate GPU availability and gain rewards from the decentralized computing network based on Solana. The incident, which unfolded on April 27, prompted an extensive analysis by Io.net’s
The Russian government is set to implement a ban on cryptocurrencies as early as September 1, according to top lawmakers in the country. The Chairman of the State Duma Committee on the Financial Market, Anatoly Aksakov, revealed that the new bill will prohibit the organization of cryptocurrency circulation, with exceptions for digital financial assets issued
The director of capital markets at Chainlink Labs has emphasized that traditional finance may not be the most ideal use case for tokenization. Instead, the real value lies in the tokenization of real-world assets (RWA), presenting a massive market opportunity within the blockchain industry. This shift towards tokenizing assets opens up a world of possibilities,
The Crypto Series of Poker is currently in full swing at CoinPoker, and there is a fantastic opportunity for one lucky player to win free entry to the main event on Sunday. The main event, which will take place at 18:30 GMT on April 28, boasts a guaranteed prize pool of $100,000 with a $500
The recent announcement by the European Union (EU) regarding the new anti-money laundering regulation (AMLR) has significant implications for crypto-asset service providers (CASPs) operating within the region. These laws, as outlined under the Markets in Crypto-Assets Regulation (MiCA), aim to empower Financial Intelligence Units (FIUs) to enhance their capabilities in detecting and combating money laundering
Recently, Worldcoin executives engaged in discussions with top Malaysian officials, including the Deputy General Secretary of the Ministry of Digital, the CEO of Malaysia Digital Economy Corporation, and the Director General of the Department of Personal Data Protection. The meeting, as shared on social media, shed light on the potential collaboration opportunities between Worldcoin and