Crypto losses from fraud and hacks declined 12% in May — Immunefi

Crypto developers must follow consumers closely if they want the industry to take off in a big way, Paypal’s chief technical officer has said.Sri Shivananda — an eBay veteran who has been in his role at PayPal since 2016 — made his remarks at the Economic Times (ET) Global Business Summit, ET reported on March…

Alexander Vinnik, the alleged former operator of now-defunct crypto exchange BTC-e, will be extradited to France, according to a new decision from Greece.Following years of disagreement on what jurisdiction should care about the alleged Bitcoin (BTC) laundering suspect, the Ministry of Justice, Transparency and Human Rights has reportedly decided to finally extradite the Russian citizen…

Switzerland-based crypto bank Seba Crypto AG has signed an agreement with Swiss mortgage bank Hypothekarbank Lenzburg AG to use its core banking system, Finstar, Cointelegraph auf Deutsch reports on Jan. 31.The partnership will allow for the implementation of Seba’s decentralized software into Finstar, as well as allowing Seba to use Finstar’s conventional services.  Additionally, Seba…

An Ethereum (ETH) code contributor has suggested that Ethereum developers ‘embrace’ specialized mining hardware (ASICs) in a reply on Ethereum developer forum Ethereum Magicians, Jan. 7.As Cointelegraph reported last week, Ethereum core developers have tentatively decided to implement a new proof-of-work (PoW) algorithm, dubbed ProgPoW, which would decrease the efficiency divide between ASICs and GPUs,…

Stellar Lumens saw major price action after the Stellar Development Foundation signed an agreement with the Ukrainian government. 2385 Total views 9 Total shares Stellar Lumens (XLM) is now the ninth-largest cryptocurrency by market capitalization, overtaking Chainlink (LINK) and Binance Coin (BNB), according to data from major crypto tracking website CoinGecko. At publishing time, Stellar’s market…

Bitcoin (BTC) focused on $21,000 into the weekend amid warnings that volatility could still consume the market before Monday.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewS&P 500 sees second best week of 2022Data from Cointelegraph Markets Pro and TradingView showed BTC/USD broadly higher in its recent trading range after U.S. stocks ended the week strong.As noted by…

The ‘World App’ for iOS and Android has now been downloaded 4 million times, according to data collected by its development team, Tools for Humanity. 358 Total views 8 Total shares Iris-scanning project Worldcoin has reached a new milestone, as its mobile World App has now been downloaded over 4 million times, according to a

Global taxation and transaction advisory firm EY have announced the launch of their open-source Baseline protocol. Baseline comprises a smart contract and tokenization platform built for enterprises on top of the Ethereum blockchain. Baseline was founded by EY in partnership with Microsoft and ConsenSys, and was developed in collaboration with many companies operating in the cryptocurrency…

Cryptocurrencies are commonly known for being a store of value, but as the blockchain space continues to mature, utility tokens are being created that extend their benefits beyond mere financial gains.Scott Gralnick, director of global partnerships for ShapeShift — a Swiss cryptocurrency exchange — told Cointelegraph that cryptocurrency can help launch Web 3.0 as more utility…