Gaming Company The9 Is Buying 5,000 More Bitcoin Miners

Layer-2 blockchain Optimism has surpassed its rival Arbitrum in the amount of daily transactions for the first time in six months, according to Dune Analytics.On July 25, Optimism racked up a total of 844,290 transactions compared to Arbitrum's total of 630,534. The rise can be attributed to the release of Worldcoin (WLD), the crypto AI…

news In his closing arguments in a Tokyo court, Mark Karpeles, former CEO of collapsed bitcoin exchange Mt. Gox, has restated his innocence in the events that saw the firm lose millions in customer funds and ultimately go bankrupt. He faces charges of embezzling approximately 340 million yen (over $3 million) from the exchange and…

Polygon Labs, the main developer firm behind the layer-2 blockchain Polygon, released on Tuesday the latest version of its zero-knowledge proving system, “Plonky3” – designed to be more flexible than the previous model. A proving system is at the heart of zero-knowledge rollups, and a crucial component in the cryptographic security of distributed networks with

With cryptocurrencies exposing the inefficiencies of traditional payment systems, central banks have started exploring the concept of central bank-issued digital currencies.Read on as we discuss how CBDCs differ from cryptocurrencies, their opportunities and risks, and the controversy behind them.This is partner content sourced from Laura Shin’s Unchained and published by CoinDesk.A central bank digital currency

The Basel Committee, a global standard-setter for banks, has said it plans to consult on potential revisions to its criteria for stablecoins on Thursday.The news came after the committee took stock of its review of elements of the prudential standard for banks' exposure to crypto that it published in December last year.Regulators have been looking

news Harbor has pivoted from helping companies issue security tokens to helping them tokenize existing securities. Announced Monday, the startup has created tokens on the ethereum blockchain representing the shares of four real estate funds worth $100 million. The move is intended to make these private securities easier to trade for the 1,100 investors that…

news The head of the Facebook-led Libra Association has responded to claims that the cryptocurrency project threatens nations’ financial stability. In interview with French daily Les Echos on Thursday, Bertrand Perez, the association’s managing director and COO, played down concerns over potential disruption to the monetary policies of central banks with currencies included in the Libra…

Rosie Perper is the Deputy Managing Editor for the Web3 news section, focusing on the metaverse, NFTs, DAOs and emerging technology like VR/AR. She has previously worked across breaking news, global finance, tech, culture and business. She holds a small amount of BTC and ETH and several NFTs.Sky Mavis, the creator of non-fungible token (NFT)…

Turkey is in the “final stage" of bringing crypto legislation to its parliament, a last step required for it to be removed from the Financial Action Task Force’s (FATF) “grey list,” its finance minister Mehmet Şimşek told the nation’s planning and budget commission late on Tuesday.The FATF’s "grey list” is seen as a reprimand to