Crypto community slams WazirXs 'socialized losses' plan after hack

As WazirX navigates this crisis, the firm faces the challenge of rebuilding trust with its user base and the broader crypto community.

View Details

Crypto community slams WazirXs socialized losses plan after hack

As WazirX navigates a crisis, the firm faces the challenge of rebuilding trust with its user base and the broader crypto community.

View Details

Ethereum Foundation to have conflict of interest policy after EigenLayer crossovers

Executive director Aya Miyaguchi said the foundations neutrality cant depend on culture and individual judgment after researchers take multimillion-dollar roles at EigenLayer.

View Details

Tech Industry Leaders Call for AI Labs to Pause Development for Safety, Coinbase CEO Disagrees

This week, 2,600 tech industry moguls and entrepreneurs, including Elon Musk, Gary Marcus, and Steve Wozniak, signed an open letter requesting artificial intelligence (AI) labs to pause research and development for six months. The signatories believe that safety programs and regulations need to be strengthened, as they assert that AI labs are currently in an [...]

The post Tech Industry Leaders Call for AI Labs to Pause Development for Safety, Coinbase CEO Disagrees appeared first on Crypto Breaking News.

View Details

Solana CEO Speaks Out: Addressing Controversy Surrounding Ad Backlash

Solana Labs CEO Speaks Out on Controversial Advertisement The CEO of Solana Labs has finally addressed the backlash surrounding a controversial advertisement that has generated a lot of discussion in the crypto community. Anatoly Yakovenko, the CEO of Solana Labs, broke his silence on the matter to provide some clarity and context regarding the ad. [...]

The post Solana CEO Speaks Out: Addressing Controversy Surrounding Ad Backlash appeared first on Crypto Breaking News.

View Details

Unraveling the Milei Libragate Scandal: Delving into the Controversy

The Milei’s LibraGate Scandal Unveiled In the realm of cryptocurrency controversies, the recent Milei’s LibraGate scandal has sent shockwaves through the community. This incident has sparked heated debate and raised questions about the ethical practices of digital currency projects. The scandal revolves around allegations of fraudulent behavior and questionable practices by Milei, a prominent figure [...]

The post Unraveling the Milei Libragate Scandal: Delving into the Controversy appeared first on Crypto Breaking News.

View Details

Controversial ‘Tiktok Ban Bill’ Sparks Concerns Among Cryptocurrency and Technology Advocates

Cryptocurrency and technology proponents have recently been discussing a new bipartisan bill called the “Restricting the Emergence of Security Threats that Risk Information and Communications Technology (RESTRICT)” Act. In addition to targeting firms such as Kaspersky, Huawei, and Tiktok, opponents of the bill believe one of its provisions will punish ordinary Americans for leveraging a [...]

The post Controversial ‘Tiktok Ban Bill’ Sparks Concerns Among Cryptocurrency and Technology Advocates appeared first on Crypto Breaking News.

View Details

Bitcoin Ordinals: Controversial but Here to Stay

Bitcoin Ordinals, the ability to permanently store data on the Bitcoin blockchain, are a controversial topic within the cryptocurrency community. However, builders and CEOs of Bitcoin-focused companies see potential for the technology, despite concerns over blockchain congestion and offensive content. Ordinals offer a new use case for the Bitcoin network beyond peer-to-peer cash, allowing for permanent and censorship-resistant storage of culturally significant events and data. (Read More)

View Details

Facing Backlash, Crypto.com Bends to Criticisms

Days after announcing that it would be slashing its cashback benefits and ending staking rewards, Crypto.com has once again shifted course on its new policy changes in the face of...

View Details

Trezor Enables Coinjoin for Trezor T Model to Bolster a ‘New Era of Privacy’

According to Trezor, the crypto hardware wallet manufacturer, owners of the Trezor T model can now use a Coinjoin feature to preserve their privacy. Trezor had announced the Coinjoin feature’s impending arrival on the hardware wallet seven months ago, and the feature went live on April 19. Trezor Adds Coinjoin to Software Suite Owners of

The post Trezor Enables Coinjoin for Trezor T Model to Bolster a ‘New Era of Privacy’ appeared first on BTC Ethereum Crypto Currency Blog.

View Details

Argentine Lawyers Lodge Complaint with US Department of Justice and FBI over LIBRA Controversy

Argentinian legal representative files grievance against US DOJ and FBI over Libra investigations An Argentinian lawyer has raised concerns regarding the investigation conducted by the United States Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) into the Libra cryptocurrency project. The lawyer, Javier Milei, has filed a formal complaint against the US [...]

The post Argentine Lawyers Lodge Complaint with US Department of Justice and FBI over LIBRA Controversy appeared first on Crypto Breaking News.

View Details

Subpoena Evasion: 3AC Asks Court to Fine Kyle Davies $10,000 Daily for Non-Compliance

In February, it was reported that Kyle Davies, the co-founder of Three Arrows Capital (3AC), faced allegations of evading subpoenas related to the collapse of the defunct Singapore cryptocurrency hedge fund. The current custodians of the 3AC estate are now pursuing a daily fine of $10,000 against him for his non-compliance with the New York [...]

The post Subpoena Evasion: 3AC Asks Court to Fine Kyle Davies $10,000 Daily for Non-Compliance appeared first on Crypto Breaking News.

View Details

Twitter Divided as Speculations Swirl Around FTX 2.0 Reboot: Supporters Rally for Revival, Opponents Skeptical

Twitter users have been engaged in a lively discussion about the possibility of a reboot for the FTX estate, following recent reports in late May. Opinions on the matter are divided, with opponents of the idea expressing their reservations, while proponents are receptive to the notion of a revamped FTX 2.0. FTX Reboot Sparks Twitter [...]

The post Twitter Divided as Speculations Swirl Around FTX 2.0 Reboot: Supporters Rally for Revival, Opponents Skeptical appeared first on Crypto Breaking News.

View Details

FTX Executives Sue Co-Founders Amidst Failed FTX Stocks Project

Court documents filed on May 17, 2023, reveal that current executives overseeing FTX and its subsidiary, Alameda Research, have initiated a lawsuit against Sam Bankman-Fried, the former CEO of FTX, Nishad Singh, FTX’s former director of engineering, and Zixiao “Gary” Wang, co-founder of FTX. The legal action stems from the exchange’s ambitious FTX Stocks project, [...]

The post FTX Executives Sue Co-Founders Amidst Failed FTX Stocks Project appeared first on Crypto Breaking News.

View Details

Surge in Ordinal Inscriptions Ignites Exponential Growth in BRC20 Token Economy

Over the past four days, there has been a surge in Ordinal inscriptions, and as a result, the BRC20 token economy has experienced significant growth with over 10,000 additional coins. The current value of the BRC20 token economy now stands at $497.75 million, comprising a total of 24,677 distinct tokens. Bitcoin Users Issued More Than [...]

The post Surge in Ordinal Inscriptions Ignites Exponential Growth in BRC20 Token Economy appeared first on Crypto Breaking News.

View Details

CBDC Debate Heats Up: BIS Project Sparks Controversy Among Critics; Lynette Zang Warns of Dangers of CBDCs

During the weekend, discussions about central bank digital currencies, or CBDCs, trended on social media as many people believe the idea will result in increased financial surveillance and a totalitarian monetary system. In a recent interview, Lynette Zang, the chief market analyst at ITM Trading, warned that CBDCs will “take the world into a full [...]

The post CBDC Debate Heats Up: BIS Project Sparks Controversy Among Critics; Lynette Zang Warns of Dangers of CBDCs appeared first on Crypto Breaking News.

View Details

Report: US Government Auctions Off Failed Banks SVB and SNBY, Crypto Restrictions Apply

The U.S. government and the Federal Deposit Insurance Corporation (FDIC) are auctioning off two failed American financial institutions, Silicon Valley Bank (SVB) and Signature Bank (SNBY), this week, with bids due by March 17. However, sources familiar with the matter said the qualifications to purchase the banks are stringent, and reportedly, the purchasers cannot deal [...]

The post Report: US Government Auctions Off Failed Banks SVB and SNBY, Crypto Restrictions Apply appeared first on Crypto Breaking News.

View Details

South Korean Politician Quits Party Over Crypto Scandal

A member of the South Korean parliament is leaving his party amid mounting allegations of massive crypto investments inconsistent with his frugal public image. The controversy, which has caught the attention of the Korean society, involves accusations of conflict of interest and other irregularities. Lawmaker Leaves South Korean Opposition Party Over Crypto Holdings Kim Nam-kuk

The post South Korean Politician Quits Party Over Crypto Scandal appeared first on BTC Ethereum Crypto Currency Blog.

View Details

Pump.fun faces backlash over harmful content on livestream feature

Pudgy Penguins safety project manager said that a Pump.fun user was threatening viewers they would commit suicide if their token didnt pump. 

View Details

Tether Defends Its Record, Blasts WSJ For Irresponsible Reporting

In a recent report by the Wall Street Journal (WSJ), it was alleged that Tether is currently under federal investigation for potential violations related to sanctions and anti-money laundering (AML) regulations in the US.  The inquiry, reportedly led by prosecutors from the Manhattan US Attorneys Office, is said to focus on whether Tether’s stablecoin, USDT, has been used by third parties to finance illegal activities such as drug trafficking, terrorism, and hacking, or to launder the proceeds from these activities. Tether CEO Denies Investigation Claims In response to these serious allegations, Tether has issued a statement strongly criticizing the WSJ’s reporting. The company called the article “wildly irresponsible,” asserting that it is inappropriate for the WSJ to publish such definitive claims without verified sources or corroboration from authorities.  The stablecoin issuer also emphasized that it has no knowledge of any ongoing investigations, characterizing the report as based on “pure rank speculation.” Related Reading: Shiba Inu Inflows Soar 555% In 3 Months Will The Momentum Continue? Tethers CEO, Paolo Ardoino, also took to social media platform X (formerly Twitter) to further address the issue, stating, “As we told to WSJ, there is no indication that Tether is under investigation. WSJ is regurgitating old noise. Full stop.”  This response underlines the company’s commitment to transparency in the face of these allegations and the increased scrutiny it has faced in recent years, not only from the US authorities but also from news outlets such as the WSJ, and its stance against what it considers to be unfounded allegations. Commitment To Combating Cryptocurrency Misuse The article from the WSJ also reportedly downplays Tether’s extensive collaborations with law enforcement agencies aimed at combating illicit activities involving cryptocurrencies.  Related Reading: Bitcoin To Hit $125,000 By Year-End If Trump Wins, Says Standard Chartered Tether highlighted its proactive measures to work with the authorities to ensure that its platform is not misused by bad actors. Their response concluded: The article also carelessly glosses over Tethers well-documented and extensive dealings with law enforcement to crack down on bad actors seeking to misuse tether and other cryptocurrencies. Featured image from DALL-E, chart from TradingView.com

View Details