How Web3 is transforming global regulatory frameworks

Chainalysis told Cointelegraph that they were “describing it as a possible rug pull,” based on an analysis of Multichain’s spurious transactions and internal problems. The multi-million dollar exploit of cross-chain bridge protocol Multichain could have been an internal rug pull, according to blockchain security and analytics firm Chainalysis.“On July 6, 2023, cross-chain bridge protocol Multichain…

Most people who have dealt with cryptocurrencies in any capacity over the last couple of years are well aware that there are many projects out there offering eye-popping annual percentage yields (APY) these days. In fact, many decentralized finance (DeFi) protocols that have been built using the proof-of-stake (PoS) consensus protocol offer ridiculous returns to their…

Bull Bitcoin forms a partnership with SINPE Movil, Costa Rica’s principal fiat payments system, and Bitcoin Jungle, a local crypto wallet solution. 189 Total views 6 Total shares A non-custodial Bitcoin-only exchange with a head office in Canada, Bull Bitcoin, has formed a partnership with SINPE Movil, Costa Rica’s principal fiat payments system, and Bitcoin

Presidential candidates Asa Hutchinson, Vivek Ramaswamy and Dean Phillips will discuss blockchain and crypto ahead of the New Hampshire Primary. 274 Total views 3 Total shares The “Stand With Crypto” campaign launched by cryptocurrency exchange Coinbase plans to bring candidates for the 2024 United States presidential election together to discuss blockchain technology and digital assets.According

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the listing and trading of a Bitcoin exchange-traded fund (ETF) until September 30, according to an official document released by the SEC August 7. ETFs are securities that track a basket of assets proportionately represented in the fund’s shares. They are seen by…

Canadian bitcoin (BTC) mining company Hut 8 made almost $50 million in revenue last year but triggered total losses of almost $140 million, according to an annual earnings report released on May 6.Hut 8, which counts itself as one of the world’s largest publicly-traded cryptocurrency mining companies, saw 2018 revenue hit $49.4 million.The company’s EBITDA…

Cryptocurrencies like Bitcoin (BTC) have failed to reduce but rather have “amplified financial risks” in less developed economies, according to a new study published by the The Bank for International Settlements (BIS).On Aug. 22, the Consultative Group of Directors of Financial Stability (CGDFS) released a new report on cryptocurrencies, titled “Financial stability risks from crypto…

The Republic of the Marshall Islands (RMI) has formed a non-profit organization to support the government in the implementation of the country’s national digital currency. The development was announced in a press release on June 4.The RMI has established the SOV Development Fund to support the government’s plan in the development and implementation of the…