TradFi assets are moving on-chain. Big four American banking giant Citi has just completed a proof-of-concept (PoC) to tokenize traditional finance (TradFi) assets and distribute them on blockchain. The multinational investment bank and financial services corporation used Avalanche’s Evergreen subnet Spruce “for its multi-level permissioning, EVM compatibility, institutional focus, and customizability” according to a report...

Source: PixabayIllicit cryptocurrency transactions fell roughly 30% in 2023, according to Chainalysis’ newly released 2024 Crypto Crime Report. This decrease signals a major shift in crypto money laundering trends. The report also stated that total funds sent between illicit addresses dropped by 14.9% as well. Crypto Money Laundering Trends: Why the Big Drop? According to...

Source: PixabayRenowned YouTube personality Olajide Olayinka Williams Olatunji, widely known as “KSI,” has found himself embroiled in controversy once again, facing allegations of cryptocurrency pump and dump schemes after reactivating a crypto-focused account on social media platform X. Does this still work? — KSICRYPTO (@ksicrypto) February 13, 2024 The YouTuber has come under scrutiny from...

Image by ZayNyi, Adobe Stock.A popular cybersecurity expert known by the pseudonym Samczsun has created a non-profit entity called Security Alliance (SEAL) for white-hat hackers in the crypto world.  Security Alliance is a group of white-hat hackers with the aim of protecting crypto projects from the growing risks of cyber attacks. Samczsun, who works as...

Image by Brian Yue, MidjourneySean Patrick Maloney pledged last week to stop advising on crypto issues if he is confirmed as U.S. representative to the Organization for Economic Cooperation and Development (OECD). Maloney reportedly sent a letter to Massachusetts Senator Elizabeth Warren on February 9, committing to resign from private-sector advisory roles and abstaining from decisions...

Image by Brian Yue, MidjourneyMicroStrategy, the largest corporate owner of bitcoins, possesses over $10 billion worth of the cryptocurrency as of Thursday morning. According to MicroStrategy’s Q4 2023 Financial Results presentation, published on February 6, the company has made a profit of over $4 billion on its Bitcoin holdings as the cryptocurrency continues its recent...

Image by Jimmy Aki, MidjourneySelf-proclaimed Bitcoin creator Craig Wright admitted to destroying the hard drives containing his private keys on February 15. According to Wright, he did this under the influence. Giving reasons behind this misstep, Craig Wright stated that he came back from the hospital and was ‘sedated’ as he hadn’t slept much. Satoshi’s...

Image by Jimmy Aki, MidjourneyDogecoin co-founder Billy Markus revealed that he owns a small Bitcoin stash on February 14. Markus stated on X (formerly Twitter) that he has just under 0.006 Bitcoin assets to his name. His Bitcoin holding is currently worth $311.21 at press time. If Bitcoin Hits $100k? Popularly known as Shibetoshi Nakamoto...

Trust Wallet’s CEO Eowyn Chen responded to allegations about a vulnerability affecting the iOS app on February 15, reassuring users of the wallet’s ongoing security. This came after claims emerged on February 8 of an alleged iOS vulnerability, published to the National Institute of Standards and Technology’s (NIST) vulnerability database. Vulnerability Claims and Trust Wallet’s...

Source: PixabayMore than 60 countries around the world will hold national and regional elections this year, making 2024 the biggest election year in history. But there are growing concerns that misinformation and disinformation driven largely by artificial intelligence (AI) will impact the elections. An example of this recently occurred when an AI-enabled call using United...