The latest report confirms that Flipside Crypto, a blockchain analytic firm, has successfully launched its online software development kit (SDK). The new NFTs-based software kit called “ShroomDK” will provide an automated means to pull multi-chain data via software. In a June 30 announcement, Jim Myers, the co-founder of Flipside Crypto, confirmed the successful launch of …
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Facebook will support nonfungible tokens (NFTs) with a “digital collectibles” tab on creators’ timelines to display their work. Meta technical program manager Navdeep Singh displayed screenshots of NFTs and a creator’s page Thursday on Twitter. A spokesperson for Meta, the parent company of Facebook, told TechCrunch the same day that the rollout of NFTs on …
Riccardo Spagni, the former maintainer of the privacy coin Monero also known as Fluffypony, faces extradition to South Africa months after his arrest by U.S. authorities. In a Thursday court filing for the Middle District of Tennessee, Magistrate Judge Alistair Newbern ordered Spagni to surrender to U.S. Marshals on July 5 for extradition to South …
Financial services giant JPMorgan says the latest Bitcoin (BTC) and crypto market meltdown may be fleeting. According to a new BNN Bloomberg report, JPMorgan analysts say the crypto market’s current deleveraging trend may not last much longer. The analysts also suggest that crypto firms going under shouldn’t be a surprise given the falling prices of …
A popular crypto analyst is highlighting a key metric while assessing the future for Bitcoin (BTC) amid faltering markets. The anonymous host of InvestAnswers tells his 442,000 YouTube subscribers about the significance of Bitcoin’s dormancy flow, which measures the average number of days that coins have remained untouched. “This dormancy flow is kind of interesting …
A blockchain security firm finds that the hackers behind the Harmony (ONE) breach sent tens of millions of dollars worth of Ethereum (ETH) to a coin mixer. Harmony was hacked for approximately $100 million worth of crypto assets last Friday. The attackers reportedly breached the Horizon Bridge, which provides the ability to transfer assets between …
Crypto asset manager Grayscale is suing the U.S. Securities and Exchange Commission (SEC) over a rejected bid to convert Grayscale’s Bitcoin (BTC) fund into an exchange-traded fund (ETF). In a recent open letter, Grayscale announced the SEC was “discriminatory” when it rejected its application to convert the Grayscale Bitcoin Trust (GBTC) into a spot market …
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A new report has indicated that crypto exchange Coinbase has provided Immigrations and Customs Enforcement (ICE) agents with a “suite of features” intended for tracking the company’s customers. According to the report, ICE has been granted access to an intelligence-gathering application, called Coinbase Tracer, that provides a variety of forensic data tracking capabilities. U.S. Immigration …
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“Crypto” is often used as an honorific inside the community. United States Securities and Exchange Commission member Hester Peirce is called Crypto Mom for her steadfast support for digital assets, and Time magazine crowned Vitalik Buterin the Prince of Crypto. When Ruja Ignatova was given the title “Cryptoqueen” in a 2019 true-crime podcast, however, it …
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Cryptocurrency exchange FTX is close to purchasing digital asset lender BlockFi’s remaining assets for $25 million, according to CNBC. According to sources close to the matter, BlockFi’s equity investors were wiped out and are now writing their positions off at a loss. In addition, the FTX deal could take multiple months to close, opening up …
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The difficulties migrating digital assets such as bonds or NFTs with residual payments between different L1 or L2 chains Authors: Andreas Freund, L2 WG Co-Chair, on behalf of the EEA Community Projects L2 Working Group Introduction We all know that Web3 will rule the world, despite consumers addicted to the web2 way of instant gratification …
Continue reading “A DeFi Conundrum: L2s are Awesome but not yet for Real Financial Assets”
Summary: FTX is inches away from finalizing its acquisition of the BlockFi lending platform. According to CNBC, FTX will pay $25 million for the deal, which is 99% below BlockFi’s last valuation. The move will wipe out BlockFi investors and write off the value of their losses. The discounted sale of BlockFi comes days after …
Summary: Tech Inquiry has uncovered details on a three-year contract between Coinbase and the Immigration and Customs Agency of the US Department of Homeland Security. Coinbase, through its analytics program, Coinbase Tracer, is allegedly providing the US ICE agency with user information, including geolocation data and transactional history. A representative from Coinbase has denied the …
Summary: FTX reportedly walked away from a potential deal with Celsius Network after analyzing the latter’s finances. Celsius Network allegedly had a $2 billion deficit on its balance sheet at the time of the talks with FTX. Celsius Network team has since issued a statement reiterating their commitment to restoring liquidity and operations. The Sam …
Cardano (ADA) is getting closer to launching its highly anticipated Vasil network upgrade, which aims to scale and improve the overall user experience. According to Cardano development firm Input Output Hong Kong (IOHK), the project will begin the process of hard-forking from the testnet to the mainnet on July 3rd, which will take at least …
