Crypto exchange OKX finally opened its Ethereum layer-2 network X Layer mainnet to the general public on April 15. The scaling solution’s testnet was launched in November 2023 to much acclaim and was built with Polygon’s Chain Development Kit (CDK). This toolkit empowers developers to construct their chains using zero-knowledge technology. OKX …
technology
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Worldcoin Under Fire: Buenos Aires Proposes $1.2 Million Fine for Violations
by Ryan Jamesby Ryan JamesThe Ministry of Production, Science and Technological Innovation of Buenos Aires province has issued an indictment against Worldcoin after detecting allegedly abusive clauses in user contracts. Buenos Aires Flags Issues with Worldcoin’s Data Practices Authorities in Buenos Aires have pinpointed discrepancies between Worldcoin’s reported data handling practices and findings from …
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Puffer Finance, an Ethereum liquid restaking protocol built on EigenLayer, has raised $18 million in a Series A funding round co-led by Brevan Howard Digital and Electric Capital. Other investors in the round included Coinbase Ventures, Kraken Ventures, Franklin Templeton, Fidelity, Mechanism Capital, Lightspeed Faction, Consensys, Animoca, GSR and Lemniscap, …
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As part of its strategic plan, HSBC seeks to position the city as a forefront runner in digital finance, reinforced by recent government initiatives to increase public access to digital assets. HSBC Wants to Stay Away From Crypto This strategic expansion was highlighted following the introduction of the HSBC Gold …
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Dwindling odds of Fed rate cuts and rising bond yields have weakened the bullish case in cryptocurrencies and stocks. Flows into the U.S.-listed spot BTC ETFs have dried. The analyst who predicted bitcoin’s (BTC) bottom in November 2022 and the recent pre-halving surge to record highs has turned bearish on …
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Voting started today on a deal negotiated between the Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) and members of the recording industry that limits record labels in using artificial intelligence with actors’ voices. “If the companies are going to be using any kind of AI tool for digital …
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As the next Bitcoin halving approaches, experts and market analysts spotlight BTC as the ultimate tool for long-term savings. According to a new report, Bitcoin’s unique attributes position it ahead of traditional savings instruments. Joe Burnett, researcher at Unchained, explained that the upcoming Bitcoin halving, which will reduce the block …
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Landesbank Baden-Württemberg (LBBW) – Germany’s largest federal bank – is poised to offer digital asset custody services and has teamed up with the crypto exchange Bitpanda. The main goal is to meet the increasing demand for digital asset management among institutional and corporate clients and it is scheduled for release …
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–> Lawmakers are probing the relationship between the U.S.’ head commodities regulator and FTX founder Sam Bankman-Fried. In a letter sent on Monday to Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam, U.S. Sens. Elizabeth Warren (D-Mass.) and Chuck Grassley (R-Iowa) requested documents pertaining to the regulator’s correspondence with Bankman-Fried. …
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Nebraska man charged for mining $1 million in cryptocurrencies via ‘cryptojacking’
by MK Manoylovby MK ManoylovCharles O. Parks III, 45, allegedly stole $3.5 million in cloud computing services to mine $1 million in ether, litecoin, monero and other cryptocurrencies in a purported “cryptojacking” scheme, according to the U.S. Department of Justice. Cryptojacking involves using someone else’s computer power to mine cryptocurrency for yourself. According to …