USD-backed stablecoin pilot project launched by Pacific island nation of Palau
The Palau Stablecoin, or “Kluk,” will be minted on XRP Ledger using the Ripple CBDC Platform and will be distributed...
Month: July 2023
Trademark attorney predicts legal fights ahead with Twitter’s rebrand to X
According to Josh Gerben, the social media platform could be embroiled in lawsuits over its “X” branding for years, costing...
Researcher envisions smart education system built on blockchain, DAO, NFT, and AI
According to the research, combining the technologies will result in 12 distinct advantages over the traditional educational system. Mehmet Fırat,...
OpenAI creator launches Worldcoin
On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses the launch of the Worldcoin token by OpenAI...
Bitcoin price is down, but data signals that $30K and above is the path of least resistance
Even with a price correction to $29,000, several Bitcoin price metrics show traders casting bets on a quick rebound. On...
Zero-knowledge tech development heats up amid bear market
The intersection of ZK proofs and multichain bridges has become one of the industry's more intriguing development. Zero-knowledge (ZK) proofs,...
Judge gives US prosecutors until Oct. 3 for discovery in case against Alex Mashinsky
U.S. District Judge John Koeltl granted a continuance for former Celsius CEO Alex Mashinsky’s trial start date, citing the “volume...
Ether death cross threatens more downside as ETH price trades at a key support level
ETH’s technical and on-chain indicators point toward further downside, but there is a silver lining. Ether’s price fell this week,...
Alphapo payment provider hack now estimated at over $60M — ZachXBT
The on-chain sleuth ZachXBT claims to have found an additional $37 million in losses suffered from the unconfirmed attack. The...
Crypto-friendly Robinhood inches closer to UK with local CEO appointment
Robinhood has been planning its expansion into the United Kingdom since 2019, but the project has faced multiple delays. Cryptocurrency-friendly...
Avalanche Foundation allocates $50M investment to on-chain asset token purchases
Called "Avalanche Vista," the initiative will consider investing in any asset that can be tokenized. The Avalanche Foundation announced the...
Era Lend on zkSync exploited for $3.4M in reentrancy attack
The lending app was drained of funds using a “read-only reentrancy” bug, a type of vulnerability that is often difficult...
Abu Dhabi regulator grants trading firm Rain permission to offer crypto services
The announcement followed crypto exchange Binance receiving similar permission from the Abu Dhabi regulator in November 2022. The Abu Dhabi...
Solana game developer Automata announces mass layoffs
"It is with a heavy heart that I am writing today to share news about team restructuring efforts we are...
8 ways crypto companies can improve their financial compliance in the US
Absent clear, comprehensive regulatory guidance in the U.S., crypto companies would be wise to shore up their accounting systems. The...
