Ethereum Name Service (ENS) has petitioned the United States Patent and Trademark Office (USPTO) to challenge a blockchain naming patent held by Unstoppable Domains (UD). According to a series of posts ENS published on social media, UD obtained a patent for an open-source technology developed by ENS Labs. The company now has officially petitioned to...
Crypto-powered narcotics gangs have turned Korean-language Telegram channels into “drugs department stores” and a “playground” for young South Koreans, media outlets reported on April 28. Newspapers such as Seoul Kyungjae noted that it has been almost a year since South Korean President Yoon Suk-yeol called for an “all-out war” on crypto-powered drug trafficking. Yoon’s comments...
Io.net CEO Ahmad Shadid recently disclosed details of a Sybil attack on the network, emphasizing the company’s measures to bolster security. According to a postmortem Shadid published on social media, the attackers exploited vulnerabilities to spoof GPU availability and receive rewards of the decentralized computing network based on Solana. Io.net CEO Reflects on Lessons Learned...
China’s JunHe Law Firm has released a report addressing the anti-money laundering (AML) challenges posed by digital yuan. JunHe’s Partner Chen Xin recently co-authored and published The Anti-Money Laundering Challenges and Opportunities of the Digital Yuan, an article that analyzes China’s central bank digital currency (CBDC)’s AML compliance. JunHe’s Report on Digital Yuan AML Compliance...
In a relentless pursuit of cyber infiltration, the notorious Lazarus Group, allegedly backed by North Korea, has added a new weapon to its arsenal, which is now targeting LinkedIn users. Reports surfaced today, April 29, revealing a sophisticated phishing operation orchestrated by the group, posing as a senior executive from Fenbushi Capital, a prominent Chinese...
Local media reports that South Korea is taking decisive measures to combat the surge in cryptocurrency-related crimes and fraud cases by moving to establish its temporary virtual asset investigative unit as a permanent entity. This move comes amidst a surge in suspicious transaction reports from crypto companies. Over 16,000 reports were received last year, representing...
Crypto investor Arthur Hayes believes Bitcoin could experience a bull run resurgence if, as he anticipates, liquidity returns to the economy next week stemming from Janet Yellen’s policies. Bitcoin could see renewed momentum due to new United States economic shifts. Hayes believes that while the Federal Reserve’s decision to maintain interest rates may not directly...
The Bitcoin (BTC) price chopped either side of the $64,000 level on Friday in the wake of the latest US inflation data report, which showed the Core PCE index rising 0.3% MoM in March, in line with the market’s expectations. A MoM inflation rate of 0.3% translates to an annualized inflation rate of around 3.6%....
Bitcoin (BTC) maintained its upward trend and experienced a strong upward rally, hitting the intra-day high of $65,100 before dropping near the $63,000 mark. Despite minor dips in other altcoins like Ethereum (ETH) and Dogecoin (DOGE), BTC held its ground. Fidelity’s sizeable investment in a Bitcoin ETF, which reflects strong institutional confidence, was one of...
Tether, the issuer of the USDT stablecoin, has made a groundbreaking move in the healthcare sector with a strategic $200 million investment in Blackrock Neurotech, a leading biotech company specializing in brain-computer interface (BCI) technology. Through its new venture division, Tether Evo, the stablecoin giant, has become the majority stakeholder in Blackrock Neurotech, signaling a...