Everything web3, crypto, defi, degen
In brief The sanctions provide some insight into North Korea’s sophisticated, globe-spanning IT worker operation. The operation has raised hundreds of millions of dollars for the pariah state over the last several years. The operation has placed spies posing as remote workers within foreign companies and used them to rob the companies of cryptocurrency. The…
In brief Solana is steadily climbing up the price charts, leading today among crypto majors. The price of SOL jumped by as much as 8% today, and the odds of SOL hitting a new all-time high this year have increased on Myriad by almost 20%. Here’s what the charts have to say about it. Solana…
In brief Hut 8’s expansion plans mean its stock will rise and is worth buying, according to investment bank Benchmark. The Bitcoin miner on Tuesday unveiled plans to develop 1.53 gigawatts of new capacity across four U.S. sites. Hut 8 earlier this year signed a deal to contribute its Bitcoin mining equipment and help debut…
In brief Blueprynt’s pilot program for “Know Your Issuer” tapped USDC and PYUSD. The solution is aimed at stifling counterfeit cryptocurrencies. The pilot comes amid new guidance for banks and safeguarding crypto. Bluprynt recently completed a pilot project aimed at stifling counterfeit cryptocurrencies, integrating a “Know Your Issuer” framework into stablecoins from Circle and PayPal,…
In brief Rich Widmann, Google Cloud’s head of Web3 strategy, confirmed that the Universal Ledger is a layer-1 blockchain. The system uses Python for smart contracts, diverging from industry standards like Solidity and Rust. Analysts question Google’s neutrality as it competes with Stripe and Circle for institutional blockchain infrastructure. Over five months after Google Cloud…
In brief Crypto gaming has experienced a growing trend of games and studios shutting down. Game creators are struggling to find funding to complete development, among other commonly cited issues. Once-promising blockchain games like Deadrop, Nyan Heroes, Ember Sword, and Pirate Nation top the list. While crypto gaming has long been seen as a key…
In brief The CFTC will start using Nasdaq’s Market Surveillance platform to enhance its ability to detect fraud and market manipulation in crypto and production markets. The shift comes as lawmakers mull the CLARITY Act. A White House report recently recommended that the CFTC impose requirements on reporting market data for certain crypto firms. The…
In brief REX Shares and Osprey Funds have filed for a BNB ETF, which would seek to stake most of its assets. The filing has been submitted under the Investment Company Act, as with the Rex-Osprey Solana + Staking ETF that debuted in July. The fund would be listed on Cboe BZX Exchange, and its…
In brief Standard Chartered projects ETH could reach $7,500 by end of year and $25,000 by 2028 based on current adoption trends ETH ETFs have accumulated over $8B since July with major corporate buyers like BitMine and SharpLink stacking aggressively Ethereum’s yield advantages through staking and DeFi utility make it potentially stronger than Bitcoin as…
In brief The SEC has accused Unicoin and its executives of misleading investors and inflating deals. CEO Alex Konanykhin says the charges are politically motivated “fabrications” meant to block Unicoin’s public listing. Legal experts warn the SEC’s case looks like a classic securities fraud complaint, giving Unicoin a steep battle in court. Crypto firm Unicoin…
