“You can’t know if the report is that serious hack, or if it’s just spam,” said Immunefi CEO Mitchell Amador. Source: https://decrypt.co/139573/why-defi-cybersecurity-can-never-sleep
Month: May 2023
DCG settlement with Genesis still undecided as 30-day mediation period proceeds
The settlement plan proposed in February would give Genesis creditors 80% recovery of funds but many raised demands, leading to the mediation. Source: https://cointelegraph.com/app/public/index.php/news/dcg-settlement-with-genesis-still-undecided-as-30-day-mediation-period-proceeds
Barbie and Boss Beauties Make Joint Bid to Bring More Women into Web3
Barbie maker Mattel has joined forces with women-led Web3 brand Boss Beauties to debut a line of on-chain virtual collectibles that celebrate the many careers undertaken by the iconic toy figure since the popular toy first launched in 1959. The collection, Boss Beauties x Barbie, features NFTs designed in Boss Beauties’ signature style that pay homage to the 250 careers…
Kenya partners with Abu Dhabi’s Venom Foundation to build blockchain, Web3 hub
The partnership will attempt to contribute to driving blockchain innovation in the continent’s key sectors, including finance, supply chain, agriculture, business and cross-border trade, the May 10 announcement said. The planned blockchain and Web3 hub will serve as a central platform for African technology companies and government entities, fostering knowledge exchange and stakeholder collaboration. Under the deal, Venom will provide…
Iran Shuts Down Over 8,000 Illegal Crypto Mining Farms in 3 Years – Mining Bitcoin News
Authorities in Iran have closed down more than 8,000 underground facilities for cryptocurrency mining in the past three years, local media reported. Despite the government’s crackdown, illegal crypto mining continues to account for a serious amount of energy consumption, official figures suggest. Illegal Crypto Miners in Iran Steal 1.8 Billion kWh of Electricity, Official Says Enterprises minting digital currencies outside…
S&P Global attempts to assess crypto assets’ susceptibility to macroeconomics
Rating provider S&P Global has examined the relationship between crypto assets and macroeconomics in a new report. Its conclusion is a firm “maybe” and the details are complex, mainly due to “idiosyncratic events” such as the crypto winter , geography and the industry’s short history. Crypto assets have a different value proposition from traditional assets and different performance drivers, the…
DCG settlement with Genesis still undecided as 30-day mediation period proceeds
Digital Currency Group (DCG), the parent company of crypto firm Genesis Capital, has reported no solution to its “outstanding intercompany obligations” that could help reimburse creditors. In a May 9 announcement, DCG said it was in the middle of a 30-day mediation period with Genesis in response to creditor demands. The firm proposed a settlement plan in February in which Genesis…
Can New York AG’s Crypto Proposal Offer Investors Greater Protection?
Crypto regulation could soon take a step forward in the Empire State, as lawmakers weigh new rules proposed by New York Attorney General Letitia James. The goal is to make a nascent industry look a bit more like Wall Street, at least in terms of how it’s overseen. The state has already garnered a reputation for having a robust compliance…
OpenAI CEO to testify before Congress alongside ‘AI pause’ advocate and IBM exec
OpenAI CEO Sam Altman will make his first appearance before Congress on May 16 to discuss artificial intelligence (AI) regulation in the United States during a hearing on oversight. Also testifying will be IBM’s VP of trust and privacy, Christina Montgomery, and NYU emeritus professor Gary Marcus. US Senate hearing on #AI Oversight, with @OpenAI CEO @sama, IBM’s @_ChristinaMont and…
Price analysis 5/10: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
Bitcoin and select cryptocurrencies are trying to start a rebound following the CPI data release, but bulls may find it difficult to continue the recovery at hi… Source: https://cointelegraph.com/app/public/index.php/news/price-analysis-5-10-btc-eth-bnb-xrp-ada-doge-matic-sol-dot-ltc