Cointelegraph’s Hashing It Out podcast talks to Howie Jiang, Web3 chief solution architect at Tencent Cloud Europe, and Fakhul Miah from Elastos about how crypto can take advantage of cloud technology. The two firms recently announced a partnership to “accelerate the Web3 space.“ Tencent Cloud, a popular global cloud vendor, is betting heavily on Web3 with operations in 27 regions and…
A working paper published by the International Monetary Fund (IMF) has proposed a country-level risk assessment matrix that aims to summarize vulnerabilities and potential policy responses for the crypto sector. On Sept. 29, the IMF published a working paper titled “Assessing Macrofinancial Risks from Crypto Assets.” Within the paper, authors Burcu Hacibedel and Hector Perez-Saiz proposed a Crypto-Risk Assessment Matrix…
Coinbase announced that it has secured the Major Payment Institution (MPI) license from The Monetary Authority of Singapore (MAS). The crypto exchange said that the license will allow it to offer enhanced services to both individuals and institutions. This development follows the In-Principle Approval (IPA) Coinbase received last year, emphasizing the company’s commitment to the Singapore market. Highlighting the region’s…
Sam Bankman-Fried will face his first day in court over a litany of charges less than a year after the calamitous collapse of cryptocurrency exchange FTX. The former CEO of the bankrupt exchange is set to face 21 days in court during his criminal trial scheduled from Oct. 4 to Nov. 9. Bankman-Fried has been in pre-trial detention at the…
The founder of the former online black market Silk Road, Ross Ulbricht, marked 10 years behind bars after he was given a double life sentence by United States authorities in 2013. On Oct. 2 Ulbricht posted on X that he has already spent a full decade in prison and fears he will spend the remainder of his life “behind concrete…
Sam Bankman-Fried, the former CEO of cryptocurrency exchange FTX, reportedly mulled offering Donald Trump $5 billion to dissuade the U.S. 45th president from running for office again in 2024. The revelation comes from Michael Lewis, author of “The Big Short” and his new book on the disgraced cryptocurrency exchange founder, “Going Infinite: The Rise and Fall of a New Tycoon,”…
Bitcoin soared over $28,000 for the first time since August 17 in a surprising move Sunday evening. BTC swiftly added $800 in a sudden spike around 6:30 pm ET, bouncing off its resistance around $27,200, CoinGecko data shows. It was last trading 4.4% higher since yesterday at $28,271. The bullish move liquidated positions worth $47.4 million in the futures market,…
Solana’s total value locked (TVL) reached $338.82 million this Monday, marking its highest since the start of the year, as per DefiLlama data. TVL is a metric–arguably a crude one–for measuring how much money is sloshing around a network’s various DeFi apps. Over the last 24 hours, SOL’s TVL saw an increase of roughly 4.15%, jumping from $324.64 million on…
The third quarter of 2023 has been the “most financially damaging” quarter of the year, taking almost $700 million in digital assets across various security incidents, according to the quarterly report of blockchain security firm CertiK. Within the report, CertiK highlighted that there was a total of 184 security incidents that happened in July, August and September 2023. The report…
Decentralized social media platform Friend.tech based on Coinbase’s layer-2 protocol Base has touched new heights in terms of revenue growth and total value locked on its platform. According to data from Dune Analytics, Friend.tech revenue has surged to 10,663 ETH and its TVL grew to over 30,000 ETH on Oct. 2. The recent boom in its revenue and trading activity…
