While the crypto community is still weathering the effects of the recent $100-million Poloniex hack, another cybersecurity threat that could affect billions worth of crypto assets has been discovered by a team of blockchain security experts. On Nov. 14, cybersecurity company Unciphered released information on a vulnerability that they called “Randstorm,” which they claim to affect millions of crypto wallets…
Hong Kong-founded institutional cryptocurrency asset custodian Hex Trust has been given the green light to offer virtual asset custodial services to institutional clients and investors in Dubai. The firm, which established an office in the city in June 2022, received a full virtual asset service provider (VASP) license from Dubai’s Virtual Asset Regulatory Authority (VARA) on Nov. 15. The company…
Bitcoin (BTC) tested $35,000 support into the Nov. 14 daily close as sell-side pressure sparked multi-day lows. BTC/USD 1-hour chart. Source: TradingView BTC price sheds $1,000 in an hour Data from Cointelegraph Markets Pro and TradingView tracked a swift retreat for BTC price action, which fell over $1,000 in a single hourly candle. The largest cryptocurrency found support at the…
YouTube, the video streaming social platform, released new community guidelines relating to the disclosure of artificial intelligence (AI) used in content. The platform published a blog on Nov. 14 saying that the updates will have creators on its platform inform their viewers if the content that is being shown is “synthetic.” “We’ll require creators to disclose when they’ve created altered…
Crypto exchange OKX has partnered with custody provider Komainu and asset manager CoinShares to facilitate round-the-clock trading of segregated assets to push institutional adoption of digital assets forward. According to OKX, CoinShares will trade on the OKX exchange, while Komainu, a third-party custody provider, holds the collateral assets. This is done to mitigate counterparty risks, such as the other party…
CPI positively surprises stocks, and Bitcoin catches a bid as inflationary pressures are shown to be declining faster than thought. Source: https://cointelegraph.com/public/index.php/news/bitcoin-bounces-cpi-inflation-slows-beyond-forecasts
Bloomberg ETF analyst Eric Balchunas doubts the SEC will deny ETFs after XRP’s price spiked on a faked BlackRock XRP trust filing, but it is a “bad look.” Source: https://cointelegraph.com/public/index.php/news/xrp-hoax-filing-spike-bad-look-wont-sway-sec-etf-decisions
Plasma, a once-prominent Ethereum layer 2 scaling solution, should be revisited by teams currently working on zero-knowledge Ethereum Virtual Machines (EVMs), says Ethereum co-founder Vitalik Buterin. Invented in 2017, Plasma diverts data and computation — except deposits, withdrawals and Merkle roots — to an off-chain environment. It was superseded by optimistic and zero-knowledge (ZK)-rollups as the two solutions offered cheaper…
The Nov. 13 XRP (XRP) price action stemming from a falsified BlackRock XRP trust filing shouldn’t sway the United States securities regulator’s decision to approve or delay spot Bitcoin (BTC) exchange-traded funds (ETFs) — but it isn’t a good look, say industry observers. The Securities and Exchange Commission has previously claimed the Bitcoin market can be manipulated and has knocked…
Cryptocurrency platform Blockchain.com announced Tuesday it has raised $110 million in a new funding round led by Kingsway Capital. The Series E raise includes participation from major firms like Baillie Gifford, Lakestar, LSVP, and Coinbase Ventures. Kingsway Capital was founded by Manny Stotz with $5 billion in assets under management. Blockchain.com launched as a Blockchain explorer tool in 2011, which…
