BitGo said that Galaxy Digital’s decision to pull out of the merger deal has nothing to do with its financial statements but with Galaxy’s inability to finance the deal owing to its loss of over $661 million in the first half of 2022. On August 15, Galaxy Digital announced that it would terminate its merger …
Monthly archives: September 2022
Ukraine to Revise Virtual Assets Law in Line With EU Crypto Rules
Work is underway in Ukraine to update the legal act that applies to cryptocurrencies in order to align the nation’s legislation with European standards. Several government institutions in Kyiv are preparing changes to the bill “On Virtual Assets,” which was signed into law earlier this year. Ukraine to Transpose European Crypto Regulations Into National Law …
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Bitcoin vs. Quantum Computers: US Government Says Post-Quantum World Is Getting Closer, CISA Warns Contemporary Encryption Could Break
According to the U.S. Cybersecurity and Infrastructure Security Agency (CISA), while quantum computers are incapable of breaking public key encryption algorithms, public and private entities need to prepare for future threats against cryptography that is not quantum resistant. Most of today’s digital communications, including cryptocurrencies, leverage public key encryption and CISA believes when “quantum computers …
Nasdaq Establishes Crypto Unit — Sees Increased Demand for Digital Assets Among Institutional Investors
Nasdaq has announced the launch of “Nasdaq Digital Assets” citing increased demand for digital assets among institutional investors in recent years. Initially, the new crypto unit will offer custody solutions for bitcoin and ether to institutional investors. Nasdaq Establishes Crypto Unit Nasdaq (Nasdaq: NDAQ), the world’s second-largest stock exchange, announced Tuesday the launch of a …
The Future of NFT Is EVT, the New Game Changer Token
press release PRESS RELEASE. EVT (Encrypted Variable Token) is said to be the upgraded version of NFT (Non-Fungible Token) and will eventually replace NFT soon for creatives. Is this possible? Here is an insight into how the backbone tech of these tokens works. What is NFT? (Non-Fungible Token) A non-fungible token is a financial security …
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ApeCoin (APE) Eyes $10 as Tamadoge (TAMA) Looks Beautiful
The ApeCoin price prediction shows that APE is ranging above the 9-day and 21-day moving averages at the time of writing. ApeCoin Prediction Statistics Data: ApeCoin price now – $5.62 ApeCoin market cap – $1.7 billion ApeCoin circulating supply – 306.8 million ApeCoin total supply – 1 billion ApeCoin Coinmarketcap ranking – #33 APE/USD Market …
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Here’s the Best-Case Scenario for Ethereum (ETH), According to Its Co-Creator
Ethereum (ETH) co-founder Anthony Di lorio is unveiling what he thinks could be the best-case scenario for the leading smart contract platform. Di Iorio tells Scott Melker in a new interview that Ethereum ideally will bring massive improvements to people’s lives by creating an ecosystem that seeks to provide real value. “I think something that …
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Billionaire Gemini Founder Cameron Winklevoss Says White House Crypto Report Misses The Mark – Here’s Why
The founder of one of the biggest crypto exchanges in the world is commenting on the recent White House crypto report. In a seven-part thread, Gemini founder Cameron Winklevoss tells his 706,000 Twitter followers that the recent White House crypto report over stresses the risks of blockchain. “When the White House released its EO [Executive Order] …
Sagaverse, an Engine and Protocol for Web 3.0 Social Media, Has Raised a Total of $1.5 Million From Com2Us and Innovation Norway, Including a Handful of Super Angels
This latest investment round builds on investments from VCs with experience in deep tech, Web 3.0, interactive media and marketplaces including Promentum and a range of private VCs such as David Helgason from Unity3D and Bogomil Balkansky, a Sequoia partner. The Sagaverse project is a DApp-powered community that unites creators and fans, enabling their co-creation, …
XRP Lawsuit: SEC Made One ‘Glaring’ Mistake In Recent Filing for Summary Judgment: Crypto Lawyer
Prominent XRP-supporting lawyer John Deaton says that the U.S. Securities and Exchange Commission (SEC) made a major misstep in a recent filing for summary judgment in its lawsuit against Ripple Labs. The SEC sued Ripple in December of 2020 under allegations that the payments firm issued XRP as an unregistered security, and now both parties …
Staking providers could expand institutional presence in the crypto space: Report
The Ethereum blockchain’s carbon footprint is expected to reduce by 99% following last week’s Merge event. By positioning staking as a service for retail and institutional investors, the upgrade could also have a significant impact on the crypto economy, according to a report from Bitwise on Tuesday. The company said it projects potential gains of …
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Oman’s Indian embassy Twitter account compromised to promote XRP scam
Scammers have hacked the official Twitter account of the Embassy of India in Oman, replacing the profile picture with Ripple CEO Brad Garlinghouse and using the reply function to spam users with fake XRP giveaway phishing links. At the time of publication, the Twitter account OmanEmbassy_Ind showed several retweets matching those of Garlinghouse, seemingly in …
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Well-known vulnerability in private keys likely exploited in $160M Wintermute hack
Blockchain cybersecurity company Certik has said a vulnerable private key was attacked in the Wintermute hack. A vulnerability in private keys generated by the Profanity app was likely exploited. The vulnerability has been known since at least January. The U.K.-based algorithmic crypto market maker announced the hack on Tuesday and said over-the-counter and centralized finance …
US Treasury official says crypto mixers are a ‘concern’ in enforcing sanctions
Elizabeth Rosenberg, the assistant secretary for terrorist financing and financial crimes at the United States Department of the Treasury, suggested sanctioning cryptocurrency mixers could help strengthen the government’s response to foreign entities looking to use digital assets for illicit means. In a Tuesday hearing of the Senate Banking Committee, which covered sanctions on Russia, Rosenberg …
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Gnosis (GNO) Down 18% – Is It Good Time to Go Long?
Due to a variety of factors, including the performance of the Gnosis network, global economic conditions, the stock market, and the price of other cryptocurrencies, the Gnosis (GNO) coin has failed to reverse its bearish trend and has fallen dramatically below the $127.74 level. The Gnosis project is a cryptocurrency that aims to build a …
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