On Tuesday, the Cyber Unit of Israel’s police announced its collaboration with Binance in freezing multiple cryptocurrency accounts linked to Hamas. The initiative was carried out with the Ministry of Defense, the Israel Security Agency, and other national intelligence agencies. It is part of measures taken following the deadly attacks carried out against Israel by Hamas since Saturday. The crypto…
Tezos (XTZ) soared 7.5% overnight, whizzing past the majority of the crypto market which showed negative gains since yesterday, per CoinGecko data. The positive price action for the layer-1 token can likely be attributed to a surge in trading volume on South Korean exchanges like UpBit, as well as hefty liquidations. The 24-hour trading volume for XTZ reached $122.8 million,…
The purchase was funded from a digital wallet, which has been a part of the chain of transactions, anonymized by the Ethereum coin mixing service Tornado Cash. Source: https://cointelegraph.com/app/public/index.php/news/nft-cryptoads-sold-1crypto-mistake-or-money-laundering-user-pays-1-6-million-cryp-toadz-nft
Binance-spearheaded Industry Recovery Initiative (IRI), a co-investment project aiming to support the cryptocurrency industry in the aftermath of the FTX collapse, may not have been as effective as desired, a new report suggests. After announcing the IRI in November 2022, Binance spent $15 million in its BUSD (BUSD) stablecoins out of its total commitments of $1 billion in BUSD, Bloomberg…
The King Abdullah University of Science and Technology (KAUST) in Saudi Arabia has collaborated with two Chinese universities to create an Arabic-focused artificial intelligence (AI) system. The large language model (LLM) called AceGPT is built on Meta’s LlaMA2 and was launched by a Chinese-American professor at KAUST in collaboration with the School of Data Science, the Chinese University of Hong…
The author of the white paper, Robin Linus, based BitVM’s architecture on Ethereum’s optimistic rollups with fraud proofs and recent Merkle tree developments. Source: https://cointelegraph.com/app/public/index.php/news/bitcoin-bitvm-whitepaper-computation-smart-contracts
Blockchain data flagged by Coinbase director Conor Grogan indicates that Alameda Research redeemed over $38 billion for Tether (USDT) tokens in 2021 despite not having the equivalent assets under management. Onchain data shows that Alameda was responsible for minting $39.55B of USDT, a number that is 47% of Tether’s circulating supply today A previous report by Protoss estimated the number…
On Oct. 5, the gold-backed digital token under the name Zimbabwe Gold (ZiG) officially kicked off as a payment method. The launch was announced by the Reserve Bank of Zimbabwe (RBZ). The first time the RBZ introduced its new project was in April 2023. The central bank specified that every issued digital token would be backed by a physical amount…
Bitcoin (BTC) ground higher on Oct. 10 after the start of legacy market trading saw “de-risking” take over. BTC/USD 1-hour chart. Source: TradingView Bitcoin price preserves weekly support Data from Cointelegraph Markets Pro and TradingView showed BTC price stability returning ahead of the Wall Street open. Bitcoin bulls had lost their footing as the week began, with BTC/USD heading to…
Cardano founder Charles Hoskinson has likened former FTX CEO Sam Bankman-Fried to infamous American fraudster Bernie Maddoff and accused the media of giving the former FTX CEO a ‘free pass’. Bernard Lawrence Madoff was the mastermind behind the largest known Ponzi scam in history, estimated to be worth $64.8 billion. At one point, Madoff served as the Nasdaq stock exchange’s chairman.…
