LBRY Inc noted that while the company is on its last legs, the underlying protocol and blockchain behind the content platform will carry on.
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Access real-time blockchain and cryptocurrency news updates from around the globe.
Axie Infinity is toxic for crypto gaming
Axie Infinity, like most cryptocurrency games, has provided players with an awful experience.
Total crypto market-cap hits $850M as Bitcoin and altcoins recover from FTX’s collapse
The total cryptocurrency market capitalization gained 2% in the past seven days, reaching $850 billion. Even with the positive movement and the ascending channel that was initiated on Nov. 20, the overall sentiment remains bearish and year-to-date losses amount to 63.5%.
Total crypto market cap in USD, 4-hour. Source: TradingViewBitcoin (BTC) price also gained a mere 2% on the week, but investors have little to celebrate as the current $16,800 level represents a 64% drop year-to-date.
Bankrupt exchange FTX remained at the centerpiece of the newsflow after the exchange hacker continued to move portions of the stolen $477 million in stolen assets as an attempt to launder the money. On Nov. 29, analysts alleged that a portion of the stolen funds were transferred to OKX.
The FTX saga has made politicians shout louder in their calls for regulation. On Nov. 28, the European Central Bank (ECB) president Christine Lagarde called regulation and supervision of crypto an "absolute necessity." The United States House Financial Services Committee Chair Maxine Waters announced that lawmakers would explore the collapse of FTX in a Dec. 13 inquiry.
On Nov. 28, Kraken, a U.S.-based cryptocurrency exchange, agreed to pay more than $362,000 as part of a deal "to settle its potential civil liability" related to violating sanctions against Iran. According to the United States Treasury Department's Office of Foreign Assets Control, Kraken exported services to users who appeared to be in Iran when they engaged in virtual currency transactions.
Total crypto market-cap hits $850M as Bitcoin and altcoins recover from FTX’s collapse
The total crypto market recovers some lost ground as the contagion risks associated with FTX’s collapse begin to look resolvable.
Total crypto market-cap hits $850M as Bitcoin and altcoins recover from FTX’s collapse
The total cryptocurrency market capitalization gained 2% in the past seven days, reaching $850 billion. Even with the positive movement and the ascending channel that was initiated on Nov. 20, the overall sentiment remains bearish and year-to-date losses amount to 63.5%.
Total crypto market cap in USD, 4-hour. Source: TradingViewBitcoin (BTC) price also gained a mere 2% on the week, but investors have little to celebrate as the current $16,800 level represents a 64% drop year-to-date.
Bankrupt exchange FTX remained at the centerpiece of the newsflow after the exchange hacker continued to move portions of the stolen $477 million in stolen assets as an attempt to launder the money. On Nov. 29, analysts alleged that a portion of the stolen funds were transferred to OKX.
The FTX saga has made politicians shout louder in their calls for regulation. On Nov. 28, the European Central Bank (ECB) president Christine Lagarde called regulation and supervision of crypto an "absolute necessity." The United States House Financial Services Committee Chair Maxine Waters announced that lawmakers would explore the collapse of FTX in a Dec. 13 inquiry.
On Nov. 28, Kraken, a U.S.-based cryptocurrency exchange, agreed to pay more than $362,000 as part of a deal "to settle its potential civil liability" related to violating sanctions against Iran. According to the United States Treasury Department's Office of Foreign Assets Control, Kraken exported services to users who appeared to be in Iran when they engaged in virtual currency transactions.
US CFTC commissioner calls for new category to protect small investors from crypto
Speaking the FIA meeting in Singapore, Christy Goldsmith Romero compared the typical crypto investor, who may be of modest means, with the investors the CFTC is used to.
Coinbase clarifies bug bounty policy in response to Uber extortion verdict
The policy clarification stated that participants cannot make threats, use extortion, or access customer data beyond what is accidental or occurs in good faith.
Sen. Warren: Biden administration worked to stop crypto being 'dangerously intertwined' with banks
The Massachusetts senator, an outspoken skeptic of crypto, applauded the efforts of FDIC acting chair Martin Gruenberg to separate digital assets from banking.
FTX proves MiCA should be passed fast, officials tell European Parliament committee
In its latest hearing on FTX, the committee looked to financial officials to assess the impact of FTX’s collapse in Europe and suggest a way forward.
Don't’ believe the hype — Bitcoin price rally to $17K reflects improving sentiment
Negative newsflow continues to make headlines but BTC’s recent move above $17,000 suggests investors are finding reasons to be bullish.
Kraken cuts workforce by 30% in an effort to survive crypto winter
According to the CEO, the exchange grew too fast to accommodate the fast-growing crypto ecosystem
Price analysis 11/30: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, UNI
BTC and many altcoins are kicking up dust after the Federal Reserve chairman Jerome Powell discussed the possibility of smaller rate hikes in 2023, but is the momentum sustainable?
Price analysis 11/30: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, UNI
BTC and many altcoins are kicking up dust after the Federal Reserve chairman Jerome Powell discussed the possibility of smaller rate hikes in 2023, but is the momentum sustainable?
Senate Banking Committee chair calls for coordination with Treasury on crypto
The committee chair cited crypto exchange FTX’s “alarming fraud”, liquidity crunch, and bankruptcy as an example of financial risk Treasury and regulators should address.
Telegram founder wants to build new decentralized tools to combat power abuse
The messaging platform is building a set of decentralized tools, including noncustodial wallets and decentralized exchanges.
Crypto Stories: John McAfee tells the story of how he first found out about Bitcoin
British-American businessman John McAfee talks about his crypto story and how he discovered BTC.
Secret Network resolves network vulnerability following white hat disclosure
On Nov. 30, Guy Zyskind, CEO of privacy smart contract blockchain Secret Network, said that developers had patched a privacy-related vulnerability and users' funds remain secure. In a document dated Nov. 29, Secret Network wrote that users or developers required no action and that all active nodes were upgraded to correct the exploit on Nov. 2.
The sequence of events, unveiled late yesterday by the Secret Network developers, began when a group of white-hat computer science researchers contacted the Secret team on Oct. 3 regarding a recently disclosed xAPIC (Advanced Programmable Interrupt Controller) architectural bug. The exploit allowed uninitialized memory reads in certain Software Guard Extension-enabled (SGX) Intel CPUs. Secret Network leverages SGX technology to provide confidential execution of smart contracts.
As stated in their paper, researchers first registered a server as a validator node on the Secret Network, even when they did not have sufficient funds to be trusted to actively validate transactions. The registration process then stored a copy of Secret's global consensus seed inside its SGX enclave. Next, through the aforementioned CPU glitch, researchers extracted the consensus seed of its Secret Node and its private Intel Enhanced Privacy ID key. Finally, with these items, they were able to break Secret's privacy-preserving features and decrypt the internal state of all smart contracts on the network, as well as the digital assets embedded in them.
Secret developers verified the exploit on Oct. 4 and devised a plan to patch the vulnerability together with researchers and Intel staff. First, nodes were forcefully ejected from the network, and their secret keys deleted. After that, nodes could only rejoin the network if they patched all known vulnerabilities, which was completed on Nov. 2. "With this upgrade, it is now infeasible to mount xAPIC attacks against the Secret Network mainnet," wrote the Secret Network team.
In addition, new nodes joining the network will be limited to server-class hardware only, as to limit the attack surface that user-class hardware presents. Founded in 2015, Secret Network currently has a market cap of $131 million through its native token SCRT. The firm partnered with director Quentin Tarantino to launch Secret NFTs last November.
Secret Network resolves network vulnerability following white hat disclosure
Researchers were able to decrypt all of Secret's internal transactions using an exploit.
Uniswap launches NFT marketplace aggregator
Developers say the tool can help users save upwards of 15% on gas fees when shopping for NFTs.
FTM price rebounds 50% as Fantom reveals 30 years runway (without having to sell its token)
Fantom (FTM) continued its upward momentum on Nov. 30 amid reports that the Fantom Foundation generates consistent profits and has 30 years of runway without having to sell any FTM tokens.
Fantom's FTM holdings up from 3% to 14%
FTM price gained nearly 13.5% to reach $0.24, its highest level in three weeks. The rally came as a part of a broader rebound trend that started when it bottomed out at around $0.17 on Nov. 22. This amounts to a 50% price rebound in the last eight days.
Interestingly, the rally picked up momentum after the Fantom Foundation's "Architect," Andre Cronje, released the firm's financial records on Nov. 28, revealing that it had $340 million worth of digital assets and had been earning over $10 million annually. Notably:
Nov 2022 — Over 450,000,000 FTM, > $100,000,000 in stables, > $100,000,000 in crypto assets, $50,000,000 in non-crypto assets. Salary burn rate $7,000,000 / year. We have ~30 years left (without having to touch FTM)
FTM/USD daily price chart. Source: TradingViewCertain crypto and blockchain projects have suffered due to their potential exposure to failing companies.
