Deciding who owns your ‘digital twin’ will make or break the metaverse
Research indicates we’ll need to develop a secure, biometrically verified digital twin in order for the metaverse to work.
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Bitcoin briefly flippens Swiss franc after rally to new ATH
The crypto asset's market capitalization overtook the Russian ruble in February after a major announcement from car manufacturer Tesla. 1582 Total views 21 Total shares After hitting a new all-time high price approaching $67,000 earlier on Wednesday, the market capitalization of Bitcoin briefly surpassed the total market cap of the Swiss franc.According to data from…
First Rupiah-Backed Stablecoin Launches on Binance and Tokocrypto
Binance launched the stablecoin on its own blockchain thanks to a collaboration with Indonesian crypto exchange Tokocrypto. 597 Total views 21 Total shares Major cryptocurrency exchange Binance and Indonesian exchange Tokocrypto have listed a rupiah-backed stablecoin, Binance IDR (BIDR).According to an announcement on June 30, Binance and Tokocrypto users can now trade BIDR against Bitcoin…
Researchers Highlight Privacy Issues With Lightning Network
Researchers from the Norwegian University and the University of Luxembourg have published a research paper detailing an attack that can deanonymize transactions broadcast across Bitcoin’s Lightning Network. The Lightning Network emerged as a controversial compromise from the Bitcoin (BTC) block limit and scalability debate. It’s a second layer solution that facilitates near-instant, low-cost Bitcoin transactions. Proponents…
Bitcoin miner Canaan’s net loss slightly improved in Q1 amid market turbulence
Chinese Bitcoin mining company Canaan reported slight improvements in some of its financial metrics in the first quarter of 2023. The progress, however, is still far behind where it was last year in this period.According to an unaudited report posted on its investor relations page, Canaan’s net loss was $84.4 million in Q1, lower than…
Bitfarms inks another 10,000 Bitcoin miner hosting agreement with Stronghold
The Bitcoin data center firm is deploying an additional 10,000 miners to Stronghold’s Scrubgrass site.
Onchain analysts tie $235M Indian exchange exploit to North Korean hackers
Blockchain forensics firm Elliptic told Cointelegraph that specific patterns and techniques in the WasirX attack led them to believe North Korean hackers were behind the incident.
EigenLayer to cough up around 28M more EIGEN after airdrop backlash
EigenLayer is handing out an extra 100 to 110 EIGEN to 280,000 qualifying wallet addresses after criticism over its first airdrop.
Here’s what happened in crypto today
The crypto market remains volatile after the June 14 Federal Open Market Committee (FOMC) announcement and presser with Federal Reserve Chairman Jerome Powell revealed that the central bank would pause rate hikes for June. While this move aligned with investors’ expectations, the crypto market has yet to show any bullish momentum. Powell also mentioned that…