Global trade and financing suffer from inefficiencies because of traditional infrastructures. However, according to Martha Reyes, the head of research at Bequant, crypto can fix this issue. In an interview with Cointelegraph, Reyes shared her thoughts on the state of global trade and financing and how crypto makes this more efficient. According to Reyes, despite the growth and magnitude of…
The hackers behind last week’s Nvidia data breach claim to have a customized driver that unlocks the limitations on the GPU manufacturer’s graphics cards that prevent them from being used to mine cryptocurrencies. According to PC Mag, the LAPSUS$ hacking group posted messages in its public chat room offering a customized driver for sale that, it claims, is capable of…
Israel’s Defense Ministry seized cryptocurrency wallets holding funds that were destined for Hamas, a report has said. The wallets belonged to businesses that are associated with Al’matchadun currency exchange, which itself is accused of helping to funnel funds to Hamas. Seizure Order Israel’s Defense Ministry recently seized cryptocurrency wallets belonging to businesses that are associated with Al’matchadun currency exchange. The…
Major global cryptocurrency exchange Bitfinex is finally moving forward with its security token platform (STO) in Kazakhstan, opening the first day of trading. Bitfinex Securities, Bitfinex’s blockchain-based investment platform, is officially starting on Tuesday, the company representatives announced to Cointelegraph. Announced in September 2021, the new STO platform is regulated within Kazakhstan’s national financial hub known as the Astana International…
Indicted by the United States Department of Justice in a $2.4 billion Ponzi scheme, BitConnect founder Satish Kumbhani remains untraced following conviction. In a court filing on Monday, the Securities and Exchange Commission said that the whereabouts of Kumbhani remains unknown. The SEC noted that Kumbhani’s last known location was in his native country India, but has remained untraced ever since…
Computer scientist Muneeb Ali loves Bitcoin so much he’s become the leading advocate for “Bitcoin DeFi,” seeking to prove to doubters that the Bitcoin blockchain can support decentralized apps. But Ali, who leads Bitcoin smart contract platform Stacks, has no patience for “Bitcoin maximalists”—the vocal group of reactionaries who dismiss Ethereum and any other blockchain but their own. “The maximalist…
Global crypto exchange platform FTX launched a fund called the FTX Future Fund with an aim to support long-term improvements for humankind. The project will deploy up to a billion dollars to support projects focusing on safe artificial intelligence development, reducing biorisk dangers, effective altruism and more. According to the announcement, the team will support both non-profit and for-profit ventures…
The Ukrainian government has announced that it is now accepting cryptocurrency donations in Polkadot, in addition to the donations it has already received in Bitcoin, Ethereum and USDT. “The people of Ukraine are grateful for the support and donations from the global crypto community as we protect our freedom. We are now accepting Polkadot donations too,” the government’s official Twitter…
Terra (LUNA) emerged as one of the best performing financial assets in February, a month mired by geopolitical conflicts and their negative impacts on the crypto market. LUNA decouples from the crypto market LUNA’s price surged by a little over 75% to reach $91.50 at the month’s UTC close. In comparison, the percentage performance of other top tokens, mainly Bitcoin…
The U.S. Securities and Exchange Commission (SEC) has revealed that there are benefits for cryptocurrency companies to self-report their violations of securities laws to the regulator. While noting that there will be no amnesty, the SEC enforcement director said, “We’ll view their conduct more favorably if they come in — such as what the remedies will look like.” No Amnesty…
