Tornado Cash developer Alexey Pertsev denied bail while preparing appeal

The immutability of blockchain ledgers and smart contracts have a “dark side,” argues UPenn professor Kevin Warbach. 408 Total views 12 Total shares Blockchain technology crystallizes the rise of “algorithmic power” that today presents a major challenge to traditional forms of sovereignty, legal authority and state-led governance. So goes the argument in a new post for…

Eight of the western world’s top DeFi projects have joined an industry consortium that is supported by a Shanghai science and technology institution. 2307 Total views 19 Total shares The Open DeFi Alliance has announced the launch of a western arm and onboarding of eight new member firms. Launched last month, the alliance seeks to…

Thai cryptocurrency exchange Satang Corp. plans to raise nearly $10 million in a security token offering (STO), despite the recent market meltdown, Asia-focused business publication Nikkei Asian Review reported Dec. 4.Satang’s plans are reportedly supported by the Government of Thailand in a bid to make the country a blockchain center and develop a regulatory framework…

Dr. Ali Loveys says the biggest challenge in the blockchain space is not about the tech, but rather defining the right business value. 1058 Total views 19 Total shares During a Unitize panel on Wednesday, Ali Loveys commented that the biggest challenge in  the blockchain space is not the technology itself, but rather whether the…

Symantec revealed that a WastedLocker ransomware attack was blocked on time after an early alert by the cybersecurity firm. 1446 Total views 33 Total shares Cybersecurity firm Symantec blocked a ransomware attack by a group known for demanding payment in Bitcoin (BTC) directed at 30 U.S.-based firms and Fortune 500 companies.The announcement published by the…

States, provinces and municipalities could use cryptocurrencies to fund projects and programs. Municipal cryptocurrencies — that is, cryptocurrencies launched by cities — could offer citizens a new way to invest in a certain location and even buy goods while helping governments to fund projects. Campbell Harvey from Duke University told Cointelegraph that municipal cryptocurrencies could…

Bitcoin (BTC), the entire crypto sector and the S&P 500 index are correcting on April 6, which highlights the tight correlation between the two sectors.Despite the weakness, institutional investors do not seem to be halting their purchases, suggesting that they remain bullish in the long term. Terra used the dip to buy an additional 5,040 Bitcoin,…

A cybersecurity expert explained why he is convinced that the promises made by ransomware groups amid the pandemic are irrelevant.Brett Callow — threat analyst at cybersecurity firm Emsisoft — told Cointelegraph that multiple ransomware groups recently made promises to halt their activity against medical organizations amid the coronavirus pandemic. Still, he believes that those promises…