Simultaneously, the network has initiated its crypto airdrop season, with the token claim site now active for participants. 550 Million Crypto Airdrop The MODE token has dual functions. It serves as a governance mechanism and promotes ecological growth within the network. The total supply of MODE tokens is fixed at …
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Crypto wallet firm Fordefi raised $10 million from Electric Capital, Paxos and Alchemy. The company is expanding its self-custodial MPC wallet offering to retail-facing platforms such as exchanges and fintech platforms. Crypto wallet firm Fordefi raised $10 million in venture capital investment, aiming to solve one of the biggest pain …
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Plan,’ signaling a significant shift in the country’s approach to regulating virtual assets. With a focus on eliminating oversight and combatting money laundering, the plan outlines robust measures to regulate the crypto industry. Enhanced Oversight and Compliance Measures The FIU’s ‘2024 Work Plan’ as reported by Yonhan News includes stringent …
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This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. Latest Prices Top Stories Bitcoin (BTC) traded little changed, hovering just over $43,000 on Monday, while altcoins gained. Chainlink’s CHAIN has added …
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Rethinking Bitcoin Mining: Scholar Critiques Flawed Assumptions in UN Study
by Kyle Bairdby Kyle BairdHer detailed critique, named ‘Brandolini’s Law in Action: An Analysis of the United Nations University’s Bitcoin Mining,’ is a call to arms for maintaining integrity in scholarly research in the field of proof-of-work cryptocurrencies. Exposing Cracks in UN Bitcoin Mining Energy Study Paez’s analysis uncovers a troubling trend in the …
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Crypto Weekly Report: In-Depth Insights on Blockchain, Bitcoin, Altcoins, ETFs and More
by Qadir AKby Qadir AK1. Breaking News This Week Fed Interest Rate Traders anticipate a March start for Federal Reserve interest rate cuts, but uncertainty lingers after stronger-than-expected December retail sales. Singapore Rejects Bitcoin ETFs The Monetary Authority of Singapore disapproves of listing Bitcoin ETFs, citing cryptocurrency’s ineligibility as assets for ETFs. SEC Extends …
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The cloud division of tech giant Google (GOOGL) has joined the Flare blockchain as a validator and infrastructure provider. Google Cloud is one of 100 organizations adopting this role to the Flare Time Series Oracle (FTSO) on the network, according to an emailed announcement shared with CoinDesk on Monday. Flare, …
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Crypto phishing attacks drained nearly $300 million in 2023: Scam Sniffer
by James Huntby James HuntCrypto phishing activities increased during 2023, with scammers using wallet drainer malware to siphon nearly $300 million from victims, according to blockchain security firm Scam Sniffer. In a report, Scam Sniffer identified that wallet drainers stole $295.5 million in crypto assets from more than 324,000 victims over the past year …
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The cryptocurrency landscape continues to witness buzz around airdrops after the success of Uniswap, LooksRare, Arbitrum, Flare Network, Pyth Network, and Jito, among others. Adding to the legends, the imminent Manta Network airdrop is poised to be one of 2024’s largest potential. Renowned crypto analyst Miles Deutscher has spotlighted the …
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The price of XRP, the native token of the Ripple payment network, increased by 4% to $0.639999 over the course of the previous day. This occurred on a day when rising optimism caused the cryptocurrency market as a whole to rise by 5%. XRP has increased by 4% over the …