Did the crypto market bottom this week? — Here’s what the data shows

Many DeFi exploits in the past have been linked to the popular crypto-mixing protocol. 318 Total views 4 Total shares On Friday, Tornado Cash announced that it was using oracle contracts from Chainalysis to block wallet addresses sanctioned by the U.S. Office of Foreign Assets Control, or OFAC. The move comes after the U.S. Department…

Global settlement firm OKLink, a sister company of major cryptocurrency exchange OKEx, will launch its stablecoin today, June 3, an OKEx representative told Cointelegraph.In an email sent to Cointelegraph, the OKEx rep specified that the stablecoin — dubbed USDK — will be launched today in partnership with United States-based custodian Prime Trust.On June 2, OKLink…

Billion-dollar companies are taking the Metaverse by storm as consumers have shown heightened interest in virtual, interactive, three-dimensional experiences that take place online. While the “Metaverse” is still a new concept, research firm Strategy Analytics found that the global Metaverse market is forecasted to hit nearly $42 billion by 2026. This very well may be the…

The crypto industry has matured substantially in recent years — so much so that it’s practically unrecognizable when compared to the bull run of 2017. And one of the biggest developments in this dynamic space? Futures.These derivatives give investors exposure to the price movements of major cryptocurrencies like Bitcoin, without the need to physically own…

As artificial intelligence (AI) rapidly works its complex magic on one sector of the economy after another, there is an increasingly pressing need for compute resources to power all this machine intelligence. Training a model like ChatGPT costs more than $5 million, and running the early ChatGPT demo, even before usage increased to its current level,…

Binance denied reports suggesting that the crypto exchange seized funds from all Palestinians, stating that only a small number of accounts was restricted.

The government of South Korean is preparing to legislate crypto taxes by proposing a new amendment to the existing law. 984 Total views 43 Total shares South Korea’s Ministry of Economy and Finance is preparing an amendment to apply to the nation’s Income Tax Law. This could include rules for profitable sales of cryptocurrencies as…

In this episode of Cointelegraph’s Hashing It Out podcast, host Elisha Owusu Akyaw explores cross-chain protocols and multichain ecosystems with Keer Lau, ecosystem growth lead at Orbiter Finance.

John Cantrell ensures people that Bitcoin is still safe despite the fact he successfully hacked a Bitcoin wallet. 1154 Total views 58 Total shares John Cantrell, Bitcoin and Lightning Network project developer, recently revealed he had successfully hacked a Bitcoin address. His article, however, received a number of responses with many concluding Bitcoin isn’t secure.…