Ondo’s USDY yield coin expands to Arbitrum
Tokenized treasury products are gaining widespread adoption on blockchain networks.
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A life after crime: What happens to crypto seized in criminal investigations?
Earlier this year, during during the annual Queen’s Speech in the United Kingdom, Prince Charles informed the Parliament about two bills. One of them — the Economic Crime and Corporate Transparency Bill — would expand the government's powers to seize and recover crypto assets.Meanwhile, the United States Internal Revenue Service (IRS) seized more than $3…
Binance invests $5M in Curve token as hacker partially returns funds
Twenty-seven percent of the funds stolen in the July 30 exploit have yet to be returned. 212 Total views 19 Total shares Binance Labs, the venture arm of cryptocurrency exchange Binance, has invested $5 million in Curve (CRV), the namesake token of the decentralized stablecoin trading platform.“Curve is the largest stableswap and second-largest DEX [decentralized…
‘Bitcoin Fixes This’ — Thousands of Fake Gold Bars Dilute Market Supply
Bitcoin’s (BTC) utility over gold has returned to the spotlight after news emerged of thousands of fakes infiltrating the precious metals market.Thousands more fake gold bars could remain undetectedAs Reuters reported on Aug. 28, the gold industry is currently facing a major forgery problem, with fake kilogram bars found in the vaults of major banks…
The lasting agony of 3AC: Law Decoded, July 18-25
A crypto hedge fund co-founders acknowledge their mistakes, driven by bull market overconfidence. 185 Total views 18 Total shares The late spring and summer months of 2022 would be remembered not only for their extreme temperatures across the globe but also for a crushing streak of large crypto companies falling apart. Terra Lab in May,…
First Successful Blockchain-tracked Shipment from South Korea to the Netherlands
Samsung SDS, Dutch bank ABN AMRO and the Port of Rotterdam have jointly conducted a proof-of-concept (PoC) shipment from South Korea to the Netherlands in which they tracked a container exclusively using an interoperable blockchain platform, according to a report by The Maritime Executive on July 1.According to the announcement, the container was tracked via…
NFT collector sues OpenSea for locking account after being scammed
The lawyer leading the legal team highlighted that this is not an isolated case and alleged that OpenSea ignores issues in some instances. 210 Total views 6 Total shares Own this piece of history Collect this article as an NFTA nonfungible token (NFT) collector is taking legal action against the OpenSea NFT marketplace for several…
Bitcoin Hash Rate to Hit a Milestone 100 Quintillion for the First Time
Bitcoin (BTC) is aiming for a new network record as its hash rate is just inches away from hitting three figures.Bitcoin hash rate nearing 100 quintillionData from statistics and wallet provider Blockchain published on Sept. 8 shows that as of that date, Bitcoin’s hash rate has topped 94 quintillion hashes per second. Bitcoin network hash rate.…
Blockchain Intelligence Firm Chainalysis Raises $30 Million From Accel, Others
New York-based blockchain intelligence firm Chainalysis has raised $30 million in a Series B funding round led by venture capital giant Accel, the company confirmed in a post on Feb. 12.The fresh funding will reportedly be used to expand Chainalysis’ corporate operations, which include a proprietary Know Your Customer (KYC) product that allows financial institutions…