Authorities in China have initiated an investigation into the core technical team responsible for managing the STFIL Protocol, a prominent decentralized finance (DeFi) protocol operating on the Filecoin network. The project said a large amount of Filecoin tokens were moved to an unknown address that now holds around $23 million in FIL. STFIL’s Core Technical Team Under...
The London Stock Exchange Group’s (LSEG) Parisian clearinghouse affiliate LCH SA announced Monday that it received regulatory approval to provide clearing services for Bitcoin derivatives. LCH SA will leverage its newly established service, LCH DigitalAssetClear, to provide clearing functions for relevant contracts. These contracts are traded on UK FCA-regulated digital asset derivatives trading venue GFO-X....
Worldcoin, the digital identity and cryptocurrency project founded by OpenAI CEO Sam Altman, has announced new features to enhance personal data protection and age verification. Sam Altman’s Worldcoin is taking measures to improve the protection of user data and ensure that its platform is available only to people over 18. Worldcoin Enhances Privacy and Age...
Bitcoin halving, a critical event for the network and the cryptocurrency market, particularly impacts the mining sector by reducing the Bitcoin reward by half. This fourth halving, anticipated to occur around April 19, will cut the block reward from 6.25 to 3.125 BTC. This programmed adjustment occurs every four years and follows the pattern set...
In an exclusive interview with Cryptonews, Niraj Pant, co-founder of Ritual, the decentralized execution layer for AI, talked about why blockchain and AI haven’t joined hands yet – and how blockchain is reaching the point where it’s ready to do that. He told us how the relationship between AI and crypto is mutually beneficial, the...
Bitcoin’s price ascends to $71,800, marking a 4% rise on Tuesday, spotlighting the Bitcoin price prediction debate. Amidst growing consumer trust and market dynamics, only a fraction anticipates Bitcoin reaching $75,000 by year’s end. Factors like the surge in ETF interest, the “bitcoin halving,” and regulatory shifts shape this outlook, hinting at a potential upward...
On April 7, Blockstream CEO Adam Back criticized the newly launched Defiance 2X Short MSTR ETF (exchange-traded fund). The ETF was created to short MicroStrategy, one of the most recognizable holders of Bitcoin. The Blockstream CEO shared his views on an X thread, calling the ETF a “terrible product” unlikely to yield the desired results....
The long-awaited trial of alleged Mango Markets crypto criminal Avraham Eisenberg got underway as jury selection began in Manhattan federal court Monday. Eisenberg is accused of stealing an estimated $110 million out of the crypto exchange Mango Markets by utilizing their cryptocurrency MNGO for fraud. Originally arrested in December 2022, Eisenberg is facing one count...
Russian fintech firms have begun joining the country’s digital ruble pilot, as the Central Bank looks to widen the scope of its CBDC project. Per the Russian media outlet Cnews, SimbirSoft and Sinara Lab will help the Central Bank and its banking partners “implement the digital ruble software products in online and mobile banking applications.”...
Costa Rica has been one of few jurisdictions worldwide where cryptocurrency is commonly accepted asset. However, there are still legal obstacles concerning the ownership and trading of Bitcoin. According to Jan3, a prominent crypto tech firm, the Latin American nation is considering a potential crypto law. The legislation would “compromise the ability to freely use...