On December 29, two addresses from 2011 containing 500 bitcoin each transferred 1,000 coins for the first time in 10.5 years. Furthermore, another wallet from 2011 woke up on Wednesday, moving 40 bitcoin for the first time in over a decade. 1,040 Bitcoin from 2011 Move for the First Time in 10.5 Years On Wednesday, an address created on July…
Genesis Global Capital has completed one of its first purely NFT-backed loans for $6 million to Meta4 Capital, a Miami-based Web3 focused investment management firm. This loan is notable not just for its amount but for solely using nonfungible tokens (NFTs) as collateral instead of including broader liquid collateral. Meta4 operates as an NFT VC backed by Andreessen Horowitz, specializing…
intermediate The cryptocurrency market is still very young, and it is in the process of developing. It means that scammers still have many loopholes caused by the lack of regulation. Manipulation harms the market and all of its participants. However, although such actions are prohibited, they still occur and may be hard to be detected. In this article, we take…
Mexico has announced that it would introduce a new national central bank digital currency (CBDC) in 2024, according to a tweet posted on Thursday. The tweet by an account representing the Mexican presidency highlighted that “new technologies and next-generation payment infrastructure” will help Mexico become more financially inclusive. El @Banxico informa que hacia 2024 tendrá una moneda digital propia en…
A “critical” vulnerability that risked $24 billion in user funds was quietly patched earlier this month by developers at Polygon, a scaling framework for Ethereum—though not before one attacker was able to steal $1.8 million in Polygon’s MATIC token. The exploit was shared by white hat hackers on bug bounty platform ImmuneFi on December 3. An upgrade was initiated within…
As Bitcoin (BTC) was hitting new historical highs above $68,000 this year, global cryptocurrency naysayers were increasingly blasting BTC for its extreme volatility and potential risks. According to Bitcoin Obituaries data by Bitcoin education portal 99Bitcoins, the original cryptocurrency was declared “dead” as many as 45 times in 2021, which is at least three times more than in 2020. Despite…
Panama is doing its best to keep up with El Salvador’s Bitcoinization with the installation of 50 Bitcoin (BTC) ATMs in 2022. Thanks to Santo Blockchain, 50 of the planned 300 ATMs will begin shipping to Latin America in early 2022. A vertically integrated blockchain and cryptocurrency company with offices in Saigon, Vietnam and Panama City, Santo Blockchain will invest…
A pair of siblings have been arrested by Hong Kong Customs on suspicion of laundering over HK$380 million ($50 million USD) through bank accounts and a cryptocurrency exchange. According to an announcement by Hong Kong Customs, a 21-year-old man and a 28-year-old woman were arrested on suspicion of money laundering offenses under the Organized and Serious Crimes Ordinance (OSCO), with…
Authorities in Iran have decided to permit power generation plants using renewable sources to sell electricity to licensed cryptocurrency miners. The move comes after the government asked mining companies to suspend activities in order to avoid winter blackouts. Crypto Miners in Iran to Mint Digital Coins Using Renewable Energy Regulated companies mining cryptocurrency in Iran will gain access to green…
Sber, the Russian government-backed company and the largest bank in the country, is launching a blockchain exchange-traded fund (ETF) to track the performance of major crypto companies such as Coinbase and Galaxy Digital. Sber Asset Management officially announced the news on Thursday, stating that the new ETF is linked to various blockchain and crypto industry firms, including hardware and software…
