The self-regulatory trade association CryptoUK has reported roughly 5% of all Members of Parliament (MPs) in the United Kingdom have publicly spoken on crypto and blockchain, suggesting a lack of knowledge. In a report released on Dec. 14, CryptoUK analyzed the sentiment of MPs between 2022 and 2023, finding that only 37 lawmakers specifically mentioned crypto and blockchain — 5.7%…
Month: December 2023
Ledger CEO explains hack, calls it ‘isolated incident’
Ledger CEO Pascal Gauthier has addressed the Dec. 14 hack of the wallet provider’s hack in a post on the company’s blog. He said the hack of Ledger’s Javascript connector library was an “isolated incident” and promised stronger security control. My personal commitment: Ledger will dedicate as much internal and external resources as possible to help the affected individuals recover…
Did Michael Cohen Let AI Write His Legal Briefs?
Lawyers for former Trump attorney Michael Cohen have been ordered to produce copies of three legal cases cited in their motion to terminate his supervised release. The problem, the court said, is that the cases do not exist—leading some to speculate that AI was used to generate the motion or citations presented. In a court filing on Tuesday, a federal…
Security engineer pleads guilty to Nirvana Finance exploit and one other hack
A software engineer pleaded guilty to one count of computer fraud in connection with the hacking Nirvana Finance and an unnamed decentralized cryptocurrency exchange in the Southern District Court of New York on Dec. 14. The United States Attorney’s Office said the case was the first-ever conviction for hacking a smart contract. Shakeeb Ahmed, described as a “senior security engineer…
Emerge 2023 Project of the Year: OpenAI ChatGPT 3.5
It was the version number heard ’round the world. The momentous first release of ChatGPT on Nov. 30, 2023 was based on GPT 3.5, the nonzero number firmly establishing the skyward trajectory of artificial intelligence. That’s what makes it the Emerge 2023 Project of the Year. ChatGPT changed everything There was no doubt that ChatGPT was the most consequential project…
Cardano (ADA), Solana (SOL) and Polkadot (DOT) soar — Is it altseason?
Bitcoin (BTC) faced a sharp correction on Dec. 11 plummeting as much as 8% to a four-month low at $40,150, wiping out the gains of the past seven days. This drop in BTC’s price has triggered a market-wide re-evaluation, prompting a debate on the potential for altcoins to spearhead the next significant rally in the cryptocurrency landscape. Market experts and…
Solana’s BONK Becomes 69th Largest Coin as Market Cap Tops $1 Billion
Solana-based meme coin BONK solidified its meme status Thursday morning, landing at 69th on CoinGecko’s ranking of the most valuable cryptocurrencies as its market cap surged above $1 billion for the first time ever. BONK is booming again, as it has over the past several weeks, popping 64% over the past 24 hours as of this writing to set another…
Which world leaders have made big promises on crypto?
Few world leaders have been openly supportive of digital assets while in office or while they were campaigning. Though the technology is relatively young and untested as a political issue, many candidates have staked their reputations on crypto and blockchain. Nayib Bukele, El Salvador Now the former president of El Salvador as he campaigns for his next term in office,…
Farcana Raises $10 Million for NFT Esports Shooter That Pays Out Bitcoin
The Farcana team has raised $10 million in seed funding from Animoca Brands, Polygon Ventures, Fenbushi Capital, Merit Circle, and others to further develop its third-person multiplayer shooter game, Farcana has shared exclusively with Decrypt. Rarestone Capital, MMPro Trust, Unpopular Ventures, Kapo Capital, Emchain, Hasu Capital, and Dravus Investment also participated in the round. “We believe Farcana has the potential…
How a Single Phishing Link Unleashed Chaos on Crypto
Crypto wallet manufacturer Ledger has confirmed an exploit that led it to warn users to “stop using dapps” started because a former employee fell for a phishing scam. The former employee’s name and email address showed up in the compromised code. Initially the crypto community took it to mean that the developer himself was responsible for the exploit, but Ledger…