Blockchain technology has been revolutionary in many ways, but it has also brought about certain vulnerabilities that malicious actors are quick to exploit. In 2024, Ethereum emerged as the primary target of hacking incidents, with a total of 33 reported cases. This alarming statistic is a cause for concern, especially within the cryptocurrency community. While
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The UK government is making significant strides in the crypto space, with plans to implement new stablecoin and staking legislation by July 2024. Economic Secretary Bim Afolami recently announced these upcoming regulations at the Innovate Finance Global Summit in London, emphasizing the need to bring various crypto asset activities within the regulatory perimeter for the
John Deaton, a pro-crypto Republican candidate running for Senator Elizabeth Warren’s seat, recently criticized SEC Chair Gary Gensler for his handling of the Coinbase appeal. Deaton accused Gensler of being a “bad faith regulator” and lambasted the SEC’s regulation-by-enforcement approach. He pointed out that Coinbase had filed an interlocutory appeal in federal court due to
Japan’s ruling party, the Liberal Democratic Party, has recently announced its plans to push for immediate tax reforms regarding cryptocurrency transactions. The party’s web3 project team released a “White Paper” on April 12, outlining the need for separate taxation on profits and losses from cryptoasset transactions. This proposal aims to address the current tax laws
With the advancement of technology, consumer engagement strategies are constantly evolving. Brands are now leveraging Web3 technologies like blockchain and artificial intelligence to better connect with their audience, moving beyond traditional Web2 channels such as social media. This shift towards innovative approaches is paving the way for a more interactive and rewarding relationship between brands
Crypto-supportive litigator John Deaton has emerged as a formidable opponent to Massachusetts Senator Elizabeth Warren in the race for a place in Parliament. Recent reports indicate that Deaton has successfully raised $1.36 million for his campaign in the first quarter, outpacing Warren’s fundraising efforts. Deaton has garnered significant support from well-known figures in the crypto
In recent news, there has been a significant development in the world of cryptocurrency involving the theft of Bitcoins belonging to Luke Dashjr and an FBI investigation that followed. The incident sheds light on the importance of security measures in the digital asset space and the potential consequences of a breach. Mike Schmidt, co-founder of
Stablecoins have been gaining significant attention in the crypto market, with Ethena (USDe) emerging as one of the latest contenders. Bitwise President Teddy Fusaro recently took to Twitter to discuss the protocol’s mechanics, highlighting USDe as potentially the fastest-growing USD-denominated asset in the history of crypto. Fusaro compared USDe to an ETF, noting that the
The head of the Korbit Research Center at the Korbit crypto exchange, Kim Min-seung, has recently claimed that US stock traders are now exerting a significant influence on Bitcoin prices. In the past, prices were primarily influenced by Bitcoin miners and whales. However, according to Kim, this dynamic has shifted in recent months. He attributed
EigenLayer, a leading blockchain protocol, saw a significant expansion of its mainnet recently with the addition of two major players in the tech industry – Coinbase and Google Cloud. This move, aimed at strengthening the network’s security, marks a significant milestone for EigenLayer as it strives to enhance the overall ecosystem. Coinbase Cloud, in a