The Riga cypherpunk reunion convened around the Lightning Network, privacy and a strong anti-CBDC sentiment.
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Bitget exec says KYC is useful to filter out illegitimate users
Bitget managing director Gracy Chen said that if users are not doing illegitimate activities like money laundering, they should be "pretty comfortable" with the KYC process.
Binance.US calls SEC’s court requests 'unreasonable' in new filing
Binance said the SEC’s requests are “unduly burdensome” soon after the parties agreed on a joint motion to file confidential information under seal.
Binance.US calls SEC’s court requests 'unreasonable' in new filing
Binance said the SEC’s requests are “unduly burdensome” soon after the parties agreed on a joint motion to file confidential information under seal.
CNA Insurance excludes NFTs from coverage of $20M trust policy
The insurer attached an exclusion saying that any losses, damage, claim, occurrence or lawsuit related to NFTs are not covered by the policy.
CFTC Commissioner plans to modernize investor protection with technology
To minimize the damages caused by financial fraud, Romero proposed the formation of the National Financial Fraud Registry — a centralized record of all crimes and fines related to financial fraud.
Bitcoin price must take $26K, says trader after 'textbook short squeeze'
Bitcoin shorts start to suffer thanks to a $1,000 BTC price relief rally, but key resistance remains in place.
Hackers behind $41M Stake heist shifts BNB, MATIC in latest move: CertiK
The hackers behind cryptocurrency casino Stake’s $41 million hack have shifted another $328,000 million worth of Polygon (MATIC) and Binance Coin (BNB) tokens — its latest moves following the Sept. 4 exploit, according to blockchain security firm CertiK.
The most recent transfer involved 300 BNB tokens worth about $61,500 to an externally owned address “0x695…” which were then bridged to the Avalanche blockchain on Sept. 11 at 4:09 pm UTC.
Another 520,000 MATIC tokens worth over $266,000 were also moved to Avalanche seven hours earlier at 7:18 am UTC.
The 520,000 MATIC and 300 BNB — totaling $328,000 — add to the $4.5 million in stolen funds that were bridged to the Bitcoin blockchain (in the form of BTC) on Sept. 7, according to blockchain security firm Arkham.
The total $4.8 million transferred however only represents 1.2% of the total $41 million stolen from the hackers.
Hackers behind $41M Stake heist shifts BNB, MATIC in latest move: CertiK
A total of $4.8 million in funds have now been moved by the hacker to Bitcoin and now Avalanche.
Banana Gun’s failed contract passed 2 audits, but ChatGPT found the bug in seconds
Banana Gun’s newly launched token plummeted more than 99% within three hours of its launch after a bug was discovered in the token's contract.
BIP-300 biff: Debate reignites over years-old Bitcoin Drivechain proposal
The proposal would allow other blockchains built on the Bitcoin network. In August, a core developer rewrote the proposal's code and requested it be added to Bitcoin's codebase, sparking new debate over its merits.
BIP-300 biff: Debate reignites over years-old Bitcoin Drivechain proposal
The proposal would allow other blockchains built on the Bitcoin network. In August, a core developer rewrote the proposal's code and requested it be added to Bitcoin's codebase, sparking new debate over its merits.
Bitget announces further $100M fund for ecosystem development
The announcement follows the launch of a $100 million fund back in April focused on investing in crypto projects in Asia.
SEC's Gary Gensler to hold firm on crypto enforcement in Senate hearing
Despite his agency suffering a slew of losses in the courts, Gensler is sticking to his guns at the Senate Banking Committee hearing.
Bitcoin will bring global payments out of the ‘fax era' — Ex-PayPal boss
Marcus said there’s still no universal protocol when it comes to transferring money, unlike information which can be shared via email.
Crypto companies form Texas blockchain group to advocate for clear regulations
a16z crypto, Coinbase, Ledger, Bain Capital Crypto, Blockchain Capital, and Paradigm joined to advocate for clear regulations.
Crypto companies form Texas blockchain group to advocate for clear regulations
a16z crypto, Coinbase, Ledger, Bain Capital Crypto, Blockchain Capital, and Paradigm joined to advocate for clear regulations.
How senators plan on regulating AI: Law Decoded, Sept. 4–11
Senators Richard Blumenthal and Josh Hawley's framework emphasizes that technology companies cannot rely on liability protections to shield them from legal actions.
Arbitrum (ARB) falls to all-time low as network usage metrics decline
Arbitrum (ARB) has emerged as a leading contender within the Ethereum network's layer-2 scalability solutions, boasting a significant total value locked (TVL) and notable activity. However, between Sept. 9 and Sept. 11, the price of ARB tokens experienced a sharp decline of 14.5%, marking its lowest point in history.
Investors are now eagerly seeking insight into the factors driving this movement and questioning whether Arbitrum still possesses the competitive edge, especially considering that irrespective of ARB token performance, the network TVL exceeds $1.6 billion.
Arbitrum (ARB) vs. competitors Polygon (MATIC), Optimism (OP), Loopring (LRC). Source: TradingViewIt is worth noting that the past week has been challenging for most cryptocurrencies but among Ethereum's scaling solutions, none experienced a drop exceeding 9%, except for Arbitrum.
ARB governance proposals bring questionable benefits
One potential source of concern stems from the absence of any instances of fraud proof issuance since the launch of the Arbitrum mainnet in August 2021. Offchain Labs confirmed this information to Cointelegraph on Sept. 4. Developers, however, have explained that this situation aligns with the intended operation of the system, as validators with malicious intentions risk losing their entire stake. Consequently, this data is unlikely to have significantly impacted the price in the past week.
Additional factors that may help elucidate the recent price downturn are associated with governance proposals. The first proposal, posted on Sept. 2, aims to allocate up to 75 million ARB tokens from the project's treasury to address "short-term community needs" for active decentralized applications (dApps) within the ecosystem. However, even if approved, this allocation represents less than 2% of the DAO treasury holdings and is unlikely to have triggered the ARB token price correction, regardless of one's stance on the proposal.
Blockchain could authenticate AI as crypto racks up court victories: Rep. Emmer
U.S. Rep. Tom Emmer told an audience at Permissionless II that things are looking up for crypto and it’s time to concentrate the narrative on innovation.