South Korea’s second-largest city Busan is developing a public blockchain network compatible with mainstream blockchain platforms such as Ethereum and Cosmos. The aim is to integrate blockchain-based services from various blockchain mainnets onto a single platform at a city level and develop Busan into a Blockchain city. Busan City has allocated a 100 billion won ($75 million) budget for open…
Prominent French soccer club Paris Saint-Germain F.C. is teaming with its cryptocurrency exchange sponsor Crypto.com to launch matchday posters co-created with artificial intelligence tools—and fans can collect the posters as NFTs. Benjamin Benichou, an artist that uses generative AI as part of his creative process, designed the poster series for PSG. Out of 1,970 total incarnations, just seven were ultimately…
The “CBDC Anti-Surveillance State Act,” aimed at preventing “unelected bureaucrats in Washington” from issuing a central bank digital currency (CBDC), has taken one step further on its procedural journey after it passed the House Financial Services Committee. According to a press release distributed by the bill’s author, Representative Tom Emmer on Sept. 20, the “CBDC Anti-Surveillance State Act” was passed…
An unwitting cryptocurrency holder has reportedly fallen victim to an eye-watering $4.46 million phishing scam. According to data from Etherscan, $4.46 million in Tether (USDT) was withdrawn from a Kraken crypto exchange wallet and eventually sent to an address ending “ACa7.” Blockchain security firm PeckShield, has labeled the address as being owned by a phishing scammer. #PeckShieldAlert The address 0x2175…f7D9…
Ethereum layer-2 scaling solution Optimism (OP) has disclosed plans to sell 116 million OP tokens to seven private buyers for treasury management purposes At current prices, the sale will see $159 million worth of OP tokens change hands. Starting today, there will be several transactions totaling approximately 116M OP tokens. We’re sharing as a heads up to our community that…
A group of British politicians took to the metaverse to address global leaders in a 51-nation gathering on Sept. 20, setting out a vision for the United Kingdom’s blockchain and Web3 industries. The metaverse gathering saw eight British Lords and politicians address global leaders on the opportunities and challenges posed by the growth of Web3 technology Natalie Elphicke, member of…
Mt. Gox trustee Nobuaki Kobayashi has officially changed the deadline for paying back the exchanges’ creditors from Oct. 31, 2023, to Oct. 31, 2024. In a Sept. 21 letter, Kobayashi wrote that with permission of the Tokyo District Court, he had extended the deadline for the base repayment, the early lump-sum repayment and the intermediate repayment. Notice concerning the change of…
While the Bitcoin network has continued to expand over the years, the Bitcoin mining industry has yet to see a comparable increase in carbon footprint — an achievement that a Bloomberg analyst argues “few industries can claim.” This, in turn, could drive the next wave of institutional investment. On Sept. 20, Bloomberg crypto market analyst Jamie Coutts cited data showing…
The regulator alleged that Bit Trade — the provider for Kraken in Australia — did not make a target market determination before offering its margin trading prod… Source: https://jp.cointelegraph.com/news/australia-regulator-asic-sues-bit-trade-over-margin-trading-product
Early Bitcoin (BTC) pioneer Hal Finney shared his vision for zero-knowledge proofs more than 25 years ago, a full decade before the launch of the first cryptocurrency, Bitcoin. The video, purportedly from the Crypto ‘98 conference held on Aug. 26, 1998, in Santa Barbara, shows Finney discussing in detail, the concept of zero-knowledge proofs — a cryptographic technology that gained immense…
