Bitcoin is down today but other top digital assets have surged overnight. The biggest cryptocurrency by market cap has dipped 1.5% in the past day at the time of writing, trading for $34,254 per coin, CoinGecko data shows. Bitcoin is still up significantly from the start of the month, when it was priced at $27,189. Hype around a Bitcoin exchange-traded…
Sam Bankman-Fried (SBF), the founder of cryptocurrency exchange FTX, claims that spending clients’ fiat deposits was just part of “risk management” for his intertwined crypto hedge fund Alameda Research. During the former crypto executive’s court testimony on October 31, prosecutor Danielle Sassoon of the Southern District of New York asked SBF if he believed that it was permissible to spend…
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Even if you’re familiar with Bitcoin, you might still find yourself puzzled by the concept of ‘cryptocurrency capitalization.’ What does this term really entail? As the world of digital currencies continues to evolve, understanding the nuances of market cap in crypto becomes increasingly vital. In this article, we’ll explore the intricacies of cryptocurrency market capitalization, delving into what it signifies…
The Ethereum layer 2 ecosystem is likely to continue evolving with diverse technological approaches, according to co-founder Vitalik Buterin. The co-founder of the smart contract blockchain unpacked the current landscape of Ethereum’s scaling ecosystem on his personal blog, with a number of layer 2 protocols differing in their approaches to bring greater scaling capacity, lower costs and increased security. As…
The German technology company Siemens has partnered with Microsoft and announced its new generative artificial intelligence (AI) -powered assistant the Siemens Industrial Copilot. On Oct. 31, the companies revealed the AI assistant to promote “human-machine collaboration” and enhance productivity. In the announcement, they have also revealed to be building additional AI assistants to cater to professionals in the manufacturing, healthcare,…
From his childhood living in a ghetto on the east bank of the Yamuna river in Dehli to launching the $6-billion Polygon blockchain, Sandeep Nailwal has an incredible rags-to-riches tale. Now happily ensconced in the futuristic, air-conditioned cityscape of Dubai, he tells Magazine he was born in a farming village in 1987 with no electricity called Ramnagar in the foothills…
MetaMask is tightening up security for its users. As part of a new tie-up with security firm Blockaid, the self-custody crypto wallet is launching a new feature that issues security alerts. Recently out of stealth, Blockaid is security startup founded by alumni of Israel’s Unit 8200 cyber intelligence. Earlier this month, it announced a $33 million funding round, with MetaMask revealed…
Bastion, a new cryptocurrency startup created by former Andreessen Horowitz (a16z) executives, has secured two money transmitter licenses (MTL) in the United States. Bastion has acquired MTLs in New Hampshire and Arkansas, the first two licenses obtained by the firm, Bastion announced on Oct. 31. The new licenses, granted by the New Hampshire Banking Department and Arkansas Securities Department, will…
In the wake of notable collapses, fraud and skepticism — including the notorious FTX fall and subsequent trial of its leader, Sam Bankman-Fried — the cryptocurrency industry found itself under unprecedented scrutiny. Navigating through the aftermath of these crises, the crypto world has undergone substantial reflection and reshaping. Despite the remaining challenges and uncertainties, there emerges a guarded optimism enveloping…
