Bitcoin analyst warns 'huge dump' amid recovering stablecoin dominance
Bitcoin’s failure to break through a critical resistance level has heightened the risk of a potential decline toward $81,500.
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Big Four Auditor EY Launches Zero-Knowledge System for Private Transactions on Ethereum
“Big Four” auditor Ernst and Young has launched the prototype of a system that enables secure and private transactions to take place on the Ethereum (ETH) public network, according to a press release Oct. 30.The system, dubbed EY Ops Chain Public Edition (PE), uses zero-knowledge proof (ZKP) technology, an alternative algorithm for authenticating distributed ledger…

Wormhole hacker moves another $46M of stolen funds
The Wormhole exploiter appears to be seeking arbitrage opportunities with Ethereum-pegged assets. 76 Total views 3 Total shares Own this piece of history Collect this article as an NFTThe ill-gotten crypto from one of the industry’s largest exploits is on the move again, with on-chain data showing another $46 million of stolen funds has just…

Cream Finance to repay stolen Ether and Amp via protocol fees
Cream Finance has identified the AMP integration error that caused a nearly $19 million loss for the protocol and aims to pay users back. 504 Total views 18 Total shares Decentralized finance (DeFi) protocol Cream Finance will pay back its users following a $18.8 million flash loan hack that occurred on Aug. 30.Cream has published…

Chinese Internet Giant Tencent Plans to Create Digital Currency Research Group
Tencent, the operator of Chinese social media app WeChat, is planning to create a digital currency research group for the further advancement of blockchain technology research projects.On Dec. 23, Chinese media outlet iFeng reported that the Chinese internet giant released a statement to its employees saying that the company is currently on the lookout for…

SEC Charges BitClout founder Nader Al-Naji with fraud
The Securities and Exchange Commission claimed the BitClout founder spent $7 million on personal luxury goods and gifts to family members.

Taiwan bans unregistered foreign crypto exchanges from operating
Apart from local exchanges like Maicoin, major global crypto trading firms like Binance, ByBit and Kraken have also been serving customers in Taiwan. 265 Total views 2 Total shares Taiwan’s Financial Supervisory Commission (FSC) is moving to improve protections for cryptocurrency investors by introducing new rules.The FSC has formulated the key points of regulating the

Voatz ‘Blockchain’ App Used in US Elections Has Numerous Security Issues, Says Report
Voatz, the Massachusetts-based company touting a blockchain-enabled mobile voting app, has been met with public criticism for a lack of transparency, among other things, particularly when it comes to data security. And with the threat of election tampering, the stakes are as high as ever. Voatz has been used in elections in West Virginia; Jackson County,…

DeFi projects without decentralized governance? What’s the point?
The role of governance in the booming decentralized finance industry is a nascent one, and there are ongoing conversations from key figures in the industry around its purpose and what governance may look like in the future.Sam Bankman-Fried of FTX recently shared that his firm’s involvement in DeFi will be “motivated by short-term profits and…