In a move that could shift the stablecoin market, MakerDAO’s “Endgame” project aimed to mint 100 billion DAI, potentially shaking up Tether’s dominance. The first step...
The Vice Chairman of the Federal Deposit Insurance Corp. (FDIC), Travis Hill, has condemned the current US restrictions on banks dealing with digital assets and urged...
Binance Labs has announced the opening of applications for Season 7 of its incubation program, aimed at early-stage founders developing Web3 applications on the blockchain. The...
The London Stock Exchange will soon accept applications to list Bitcoin and Ethereum ETNs in the second quarter of 2024. These ETNs are like IOUs for...
After experiencing a revenue decline in 2022, Chainalysis reports a resurgence in Darknet Markets within the Web3 space, with revenue surging to $1.7 billion in 2023....
Nigeria’s latest CDBC partner, Gluwa, wants to improve the digital infrastructure in the country. In a recent conversation with the Vice President of Nigeria, Kashim Shettima,...
Vitalik Buterin, the co-founder of Ethereum believes that in an emergency case of a quantum attack, a hard fork could be the key to protecting the...
A recent report by Chainalysis sheds light on how cryptocurrency crimes are changing. While scams have brought in less money compared to before, there’s been a...
Cryptocurrencies are under heightened scrutiny due to concerns about terrorist financing. Terrorist organizations are drawn to cryptocurrencies such as Bitcoin for their anonymity, cross-border transactions, and...
According to Chainalysis’ 2023 Web3 security report, between January and December 2023, a total of 370,000 tokens were introduced on the Ethereum network, with approximately 168,600...
Chainalysis, a Web3 security firm, has recently published a report indicating that crypto-related sanctions imposed by the OFAC in 2023 surged by more than 100%. The...
Senator Cynthia Lummis, known for her support of Bitcoin, is actively working on legislation concerning stablecoins, following her prior criticisms of prominent stablecoin issuer Tether in...
BlackRock has shown interest in investing in a spot Bitcoin exchange-traded fund (ETF) as part of its global allocation fund. The BlackRock Global Allocation Fund would...
A new study by UK researchers found that metaverses could potentially become hubs for the illegal distribution of copyrighted content, including music, movies, and books. The...
Injective has officially released its inEVM Layer 2 on the mainnet, aiming for greater collaboration with Ethereum, Cosmos, and Solana. The company promotes inEVM as the...
The Central Bank of Nigeria has partnered with Gluwa, a blockchain-based credit rating platform, to develop credit profiles for its digital currency, the eNaira. While the...
Despite the ongoing threat of cryptocurrency hacking, there were some notable shifts in 2023. Chainalysis’s report revealed that while the number of hacking incidents increased from...
The Digital Currency Group (DCG) filed a motion to dismiss the $3 billion lawsuit brought by the New York Attorney General’s office, arguing that the case...
Chainalysis reported that illicit addresses facilitated the transfer of $22.2 billion in cryptocurrency in 2023, marking a notable decrease from the $31.5 billion recorded in 2022....
