The singularity: How AI could become the final boss whale of crypto
World-renowned futurist Ray Kurtzweil says the singularity is coming sooner than expected.
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Terraform Labs donates $1.1B for Luna Foundation Guard’s reserves
High demand for UST has led to a pool imbalance on Curve Finance, requiring intervention. 957 Total views 6 Total shares On Friday, Do Kwon, founder and CEO of Terraform Labs (TFL), which develops the blockchain ecosystem consisting of Terra Luna (LUNA) and the TerraUSD stablecoin (UST), announced that TFL had donated 12 million LUNA…
4 on-chain metrics suggest Bitcoin price rally may not stop at $16,000
After rejecting at $15,960 on Nov.6 Bitcoin (BTC) price has been defending the $15,000 support level with strength. Based on four on-chain data points, analysts believe the rally might continue beyond $16,000.Analysts have pinpointed lower Bitcoin exchange reserves, unmoved supply, a rise in “stronger hands,” and unrealized profits as factors for the rally to continue.The…
Exchanges outdo auctions for governments cashing in criminal crypto, says exec
Earlier this week, Lithuania's tax service, the Lithuanian State Tax Inspectorate, added $7.6 million dollars to the state budget through the sale of cryptocurrencies seized in criminal investigations. The occasion marked the first time that the Lithuanian government liquidated confiscated cryptocurrencies. In doing so, the country joined the growing number of jurisdictions worldwide that have auctioned…
Crypto surges in Eastern Europe: DeFi drives 33% of transactions
Eastern Europe has become the fourth-largest cryptocurrency market in the world, accounting for over 11% of the total cryptocurrency value received worldwide.
Abkhazia to Build Large Crypto Mining Farm, President Says
The partially recognized Republic of Abkhazia is planning to build a large cryptocurrency mining farm, the President Raul Khadjimba claimed in an interview with news outlet RiaFAN, published on July 2.When asked if Abkhazia’s plans to create a large crypto mining farm are still valid, Khadjimba said that “unfortunately, there are some difficulties. We are…
Are the BZx Flash Loan Attacks Signaling the End of DeFi?
Earlier this week, the decentralized lending protocol bZx was exploited in back-to-back “flash loan” attacks. While the two exploits were distinct, the end results remained the same. In total, $954,000 was gleaned from the platform. But what exactly happened? Was it an exploit, a simple case of arbitrage or a malicious attack? And where does…
Judge Rules Coinbase Did Not Commit Fraud in Bitcoin Cash Lawsuit
Cryptocurrency exchange Coinbase did not act fraudulently during its botched launch of Bitcoin Cash (BCH), a United States judge has ruled.Coinbase accused of insider trading BCH listingIn a court order issued on Aug. 6, U.S. District Judge Vince Chhabria of the Northern District of California (San Francisco) threw out claims by traders that Coinbase committed…
a16z-backed onchain messaging platform Towns officially launches
The same team behind Towns also created River Protocol, which enables transparency, security and decentralization in the new messaging app.