Crystal Blockchain, a company that provides blockchain data and analytics, published a study covering security breaches, fraud, and scams related to cryptocurrency and decentralized finance (defi). According to the study, approximately $16.7 billion in crypto assets have been stolen since 2011. Last year, Crystal’s intelligence team documented 199 incidents resulting in the theft of $4.17 billion in crypto assets. So…
Cody Harris, member of the Texas House of Representatives, has introduced a resolution aiming to have the legislature say the “Bitcoin economy is welcome” in the state. In a resolution released on March 21, Harris encouraged Texas lawmakers to “express support for protecting individuals who code or develop on the Bitcoin network” as well as miners and Bitcoiners operating in…
Cody Harris, member of the Texas House of Representatives, has introduced a resolution aiming to have the legislature say the “Bitcoin economy is welcome” in the state. In a resolution released on March 21, Harris encouraged Texas lawmakers to “express support for protecting individuals who code or develop on the Bitcoin network” as well as miners and Bitcoiners operating in…
No video game console maker has publicly embraced NFTs to date, but tech giant Sony—the firm behind the massively popular PlayStation brand—continues making moves behind the scenes, as revealed by its latest NFT-related patent application. The application, submitted in September 2021 in the United States and published last week, outlines Sony’s intentions to create standardized digital infrastructure that would allow…
Sushi, maker of the Ethereum-based decentralized exchange SushiSwap, disclosed on Tuesday it had received a subpoena from the Securities and Exchange Commission, signaling it could soon be subject to regulatory enforcement action. The organization’s disclosure came in the form of a proposal submitted to the Sushi DAO for the establishment of a legal defense fund to cover potential legal costs.…
Sushi, maker of the Ethereum-based decentralized exchange SushiSwap, disclosed on Tuesday it had received a subpoena from the Securities and Exchange Commission, signaling it could soon be subject to regulatory enforcement action. The organization’s disclosure came in the form of a proposal submitted to the Sushi DAO for the establishment of a legal defense fund to cover potential legal costs.…
Bitcoin’s (BTC) price broke above the February 2023 highs of $25,200 after U.S. inflation data was in consensus with the market expectation. The potential fallout of the global banking system further promoted Bitcoin investment as a non-correlated global hedging instrument similar to gold in March. The correlation between gold and BTC has been rising since the start of the month.…
“Bitcoin NFTs” have taken off over the last two months thanks to the launch of Ordinals, a protocol that lets people digitally imprint media and text on the original blockchain—with more than 500,000 such “inscriptions” made to date. Now, one of the leading NFT marketplaces on other chains has made a move to support Bitcoin, as well. Magic Eden, the…
“Bitcoin NFTs” have taken off over the last two months thanks to the launch of Ordinals, a protocol that lets people digitally imprint media and text on the original blockchain—with more than 500,000 such “inscriptions” made to date. Now, one of the leading NFT marketplaces on other chains has made a move to support Bitcoin, as well. Magic Eden, the…
The financial regulatory body of Belgium has been tasked by the government to regulate advertisements for cryptocurrencies. New rules, set to enter into force in May, oblige advertisers to clearly warn investors of the risks associated with the digital assets. Belgium Poised to Protect Consumers From Misleading Crypto Advertisements Belgium’s Financial Services and Markets Authority (FSMA) has been granted powers…
