Chainalysis alerts rise in crypto hacks and ransom in 2024
Cryptocurrency hackers have been returning to their roots to targeting centralized exchanges amid a spike in the Bitcoin price in 2024.
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Blockchain provides major boost to speed of China-Europe rail trade
Rail cargos from China to Europe can now be delivered in days instead of months, after a new blockchain system was installed at a major Chinese rail port. 1441 Total views 21 Total shares The China-Europe rail trade route has been subject to a major speed upgrade thanks to the application of blockchain technology, reports…
Bank of Canada Study Finds Double Spending in Blockchain is ‘Unrealistic’
The Bank of Canada (BoC) has published a study on the “incentive compatibility” of blockchain technology this week, finding that double spending is an “unrealistic” outcome. The new BoC study focuses on a proof-of-work (PoW) protocol for blockchain technology, modelling the behaviors of a “honest miner” and a “dishonest miner.” The Canadian bank’s researchers modelled…
Bitcoin’s obituary and a Starbucks blockchain: Bad crypto news of the week
It’s been a tough week for Bitcoin. The price has fallen more than 8 percent and dipped below $10,000 on three consecutive days. Analyst Willy Woo, though, thinks it’s all looking good. He believes that on-chain indicators, such as the NVT ratio, suggest a bullish outlook, while Su Zhu of Three Arrows Capital believes that…
Chainlink eyes 25% rally ahead of LINK staking launch in December
Chainlink (LINK) looks poised for 25% price rally in the days leading up to its staking protocol launch, based on several fundamental and technical facto.Chainlink price rallies ahead of staking launchThe staking feature, which will go live as v0.1 in beta mode on Dec. 6, comes as a part of the so-called "Chainlink Economics 2.0"…
The Fed cites worries about stablecoin in its latest Financial Stability Report
The report points out stablecoin’s possible low stress resistance and overuse in leveraged cyptocurrency trading, reiterates its position on CBDC. 189 Total views 3 Total shares The United States Federal Reserve Board released its semiannual Financial Stability Report on Monday. The report points to volatility on commodities markets brought on by the Russian invasion of…
EU agrees on MiCA regulation to crack down on crypto and stablecoins
Officials from the European Union (EU) have agreed on a landmark law that will make life tougher for crypto issuers and service providers under a new single regulatory framework. Stefan Berger, European Parliament member and rapporteur for the MiCA regulation — the person appointed to report on proceedings related to the bill — broke the news…
AI tokens surge ahead of ‘Super Bowl’ Nvidia earnings report
Artificial intelligence-based crypto assets have surged as much as 70% in the past seven days as all eyes fall on Nvidia’s incoming earnings report.
Bitcoin payments exec shares adoption challenges in the Philippines
Pouch founder Ethan Rose said that they've managed to convince 400 businesses to accept Bitcoin in the Philippines. 145 Total views 1 Total shares As many developments within the space show how far the Bitcoin (BTC) community has come, an executive from a BTC payment provider shared how in other parts of the world, adoption…