Metaverse platform The Sandbox will require Know Your Customer (KYC) verification for its staking processes, according to an Aug. 3 announcement. The announcement stated that only verified users could deposit SAND, the platform’s native token, and claim staking rewards, while non-verified users will be placed into withdraw-only mode. Data from blockchain analytics firm Messari shows that 123 million, or 6.7%…
On the latest episode of Market Talks, host Ray Salmond spoke with Blockware Solutions account executive David Gamble about the future of Bitcoin (BTC) mining, expectations for the cryptocurrency’s price, and his views on how the decentralized finance (DeFi) sector needs to evolve. Gamble described himself as a staunch believer in DeFi, but he added that protocols within the industry…
Unibot (UNIBOT) token was among the top crypto gainers in July as its price rallied by 400% in a month to reach an all-time high of $199.90 on July 28. The project defied the market’s negative trend as both Bitcoin (BTC) and Ethereum (ETH) dropped by nearly 4%. However, by August 3, 2023, the token’s price retraced 44% from its…
Curve Finance’s native stablecoin crvUSD briefly depegged on Aug. 3, reacting to an uncertain environment surrounding the protocol after its recent exploit. In the course of the day, the stablecoin fell by as much as 0.35% before regaining its peg to the United States dollar. Curve’s crvUSD uses a mechanism for maintaining its peg called PegKeeper algorithm, which manages the…
The New York Times pushed back on Thursday against restrictions in FTX founder Sam Bankman-Fried’s criminal trial that would limit participants’ ability to speak to the press. In a letter addressed to U.S. District Court Judge Lewis Kaplan, the newspaper advocated for the public’s right to know about a scandal that’s “stripped billions of dollars from the economy and harmed…
Agence France-Presse (AFP) announced a lawsuit against X, the company formerly known as Twitter, on August 2, citing Europe’s “neighboring rights” legislation. According to a press release, AFP is asking the courts to force X — which the press release refers to as “Twitter” throughout — to disclose data related to the number of times articles have been shared on…
Ilya Lichtenstein, who last month agreed to forfeit billions in a plea deal for his role in laundering funds from a 2016 hack of crypto exchange Bitfinex, has now admitted he was the hacker. Although it has long been suspected either Lichtenstein or his wife, Heather Morgan, were the ones who stole 120,900 Bitcoin, it’s only now been confirmed. The…
The Shiba Inu (SHIB) ecosystem is gearing up for a major leap from its meme coin status via the launch of a new identity protocol and solidifying its status in the world of decentralized finance (DeFi). Today, it announced its work with its developer community to ensure that a Self-Sovereign Identity (SSI) is prioritized and integrated into its protocols. This…
One half of the couple alleged to have laundered billions of dollars worth of cryptocurrency has reportedly admitted he was behind the 2016 Bitfinex hack. According to an Aug. 3 CNBC report, Ilya Lichtenstein told a U.S. court he was the individual behind an exploit of cryptocurrency exchange Bitfinex in 2016 which resulted in the theft of roughly 119,754 Bitcoin…
The U.S. Securities and Exchange Commission has frozen the assets of Digital Licensing Inc., a crypto mining firm allegedly involved in fraud. In an emergency move announced Thursday, the SEC also obtained a restraining order against the Utah-based company, which does business as DEBT Box. The regulator said it also took action against Digital Licensing’s four principals—Jason Anderson, his brother…
