Tether crypto exchanges balance hits record high as Treasury prints $1B USDT
If the Fed signals a rate cut, as CME data strongly suggests, crypto traders may quickly deploy their stablecoin reserves to drive a market rally.
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Blockchain Patent Granted to Cybersecurity Company Owned by U.S. Defense Contractor
Documents published by the United States Patent and Trademark Office (USPTO) on April 16 reveal that Texas-based cybersecurity company Forcepoint has been awarded a blockchain-related patent.Forcepoint is owned by U.S. defense contractor Raytheon and private equity firm Vista Equity Partners, and Crunchbase estimates its yearly revenue to be $600 million.The system described in the patent…
The Nexus Mutual hacker is now asking for a $2.6M ransom
Attacker demands ten times the $300,000 bounty offered after apparently laundering a third of the stolen loot. 1822 Total views 10 Total shares A hacker, who on Monday stole $8.3 million from the private wallet of Nexus Mutual CEO Hugh Karp, has sent a ransom demand for $2.66 million in Ether (ETH) embedded in the…
Tron Co-Founder and CTO Leaves Project, Alleging Excessive Centralization
Lucien Chen — the former chief technical officer (CTO) and co-founder of blockchain protocol Tron (TRX) — has announced he is leaving the project, claiming it has become excessively centralized and strayed from its founding principles. Chen revealed his decision in a Medium blog post published on May 10.In his announcement, Chen recounts the history…
Metaverse is a key factor in long-term NFT success, says new research
The report states that global NFT transactions are projected to hit 40 million in the next five years. 136 Total views 4 Total shares A new report from Juniper Research analyzed the trajectory of the nonfungible token (NFT) market over the next five years. According to the study, global transactions related to NFTs will escalate…
Cardano Releases Solution that Scales More than Visa’s Payment Network
On March 25, Cardano launched its off-chain scalability protocol, Ouroboros Hydra, after 5 years of development.An announcement sent to Cointelegraph claims that the protocol vastly increased scalability and low latency for the Cardano blockchain while using little storage on the network’s nodes. The solution also reportedly allows for applications such as micropayments, voting, insurance contracts,…
Lead Republican behind infrastructure bill negotiations supports crypto amendment
The senator's stance is somewhat surprising, given that he previously called the section on brokers in the proposed bill a “common-sense provision.” 552 Total views 33 Total shares Senator Rob Portman, one of the lead Republican voices for negotiations over an infrastructure bill in the United States Senate, said he supports an amendment clarifying the…
Bitcoin price tests $27K support as Fed holds interest rates at FOMC
Bitcoin (BTC) saw snap volatility on Sep. 20 as the United States Federal Reserve maintained interest rates at twenty-year highs.BTC price digests Fed rate pauseData from Cointelegraph Markets Pro and TradingView followed BTC price action as it reacted to the rate decision and accompanying commentary from Fed Chair Jerome Powell.The Federal Open Market Committee (FOMC)
Community interaction beaming through the crypto space: Blockchain Economy Dubai 2022
The Blockchain Economy Dubai Summit 2022 highlighted that the crypto community is eager to engage and interact with fellow community members. 314 Total views 57 Total shares