The co-founder of Polygon and other decentralization proponents said the move sets a bad precedent. Source: https://cointelegraph.com/public/index.php/news/tether-blacklists-validator-address-that-drained-mev-bots-for-25m
Month: April 2023
AI-Focused Cryptogpt Raises $10 Million in Series A Funding to Expand Into Asian Markets – Blockchain Bitcoin News
A Layer two (L2) project, called Cryptogpt, which leverages ZK-rollup technology and artificial intelligence (AI), has announced that its team has raised $10 million in capital from a Series A funding round. The crypto and AI firm disclosed that the new funds would be used to expand into the largest Asian markets, and the company now has a valuation of…
Chinese authorities to enforce security reviews for AI services
Governments around the world are finding themselves face to face with questions on how to handle the swift rise of artificial intelligence (AI). In China, local authorities announced that they plan to enforce a mandatory review of generative AI services prior to their public operation. According to a statement on the website of the Cyberspace Administration of China – China’s…
Summer’s Price Rises After the Halving as Expected – Press release Bitcoin News
press release PRESS RELEASE. The Seasonal Tokens economy has gone through its second change of season. Like bitcoin, the four tokens – Spring, Summer, Autumn and Winter – go through regular halvings of the supply from mining. Every nine months, the rate of production of one of the tokens is cut in half. On the 6th of March, the Summer…
BNB Greenfield hits testnet, decentralized storage coming to BNB Chain
The BNB Chain ecosystem is set to integrate decentralized storage solutions after testing of its BNB Greenfield began on April 10. BNB Greenfield is modeled to emulate conventional Web2 cloud storage solutions, providing fast and cost-effective data services in combination with enhanced ownership and integration for Web3 applications and services. The announcement of the testnet shared with Cointelegraph outlined initial…
MiCA: What Europe’s New Crypto Rules Mean for the Industry
After more than two and a half years of discussions and adjustments, the European Union looks set to pass its landmark crypto regulations. The comprehensive suite of new rules is slated for a vote on the week of April 17. Markets in Crypto Assets (MiCA) is part of a broader package within the EU aiming to update the bloc’s approach…
Tether blacklists validator address that drained MEV bots for $25M
Tether, the issuer behind the leading stablecoin USDT has blacklisted an address that drained Maximal Extractable Value (MEV) bots for $25 million last week. The address in question exploited a bug in MEV-boost-relay to outsmart the MEV bots trying to execute a sandwich trade. Sandwiching occurs when one order is placed immediately before the trade and another immediately after it.…
Bitcoin mining firm Bitmain reportedly fined for tax violations in China
Beijing-based cryptocurrency mining firm Bitmain has reportedly violated tax regulations in China, with local authorities imposing major fines. Bitmain Technologies has been slapped with a tax penalty from the Beijing Municipal Office of the State Administration of Taxation, the local news agency Sina Finance reported on April 11. The authority fined Bitmain about 25 million Chinese yuan, or $3.7 million,…
MicroStrategy’s Bitcoin Bet Now in Profit Amid Latest Rally
American software company MicroStrategy, the largest corporate holder of Bitcoin (BTC) reserves, is now in profit on its cryptocurrency bet. In its April 5 filing with the SEC, MicroStrategy said that during the period between March 24 and April 4 the company and its subsidiaries purchased about 1,045 Bitcoin for approximately $29.3 million. This took MicroStrategy’s overall tally to about…
Explaining ‘Bank Walks’ — Study Assesses How They Might Affect Credit – Economics Bitcoin News
Bank walks are a new liquidity movement phenomenon identified by analysts, characterized by a slow drift of deposits to take advantage of better yield opportunities. Such “walks” might prove to be pernicious to the banking system, as they cannot be stopped and have effects on credit availability. What Are ‘Bank Walks’? Bank walks, so called by analysts due to their…