The S&P 500 Index (SPX) achieved its highest close of the year last week, and Bitcoin (BTC) also hit a new 52-week high, indicating that risky assets remain strong going into the final few days of the year. Some analysts believe Bitcoin is done with its rally in the short term and may roll over. Popular analyst and social media…
Bullish enthusiasm reigned over Crypto Twitter this week, as market-wide price pumps for Bitcoin, altcoins, and numerous meme coins spread smiles all around—unless, of course, you were a fallen crypto executive in the crosshairs of the U.S. government. The Bitcoin ecosystem carried on its weeks-long upward climb unabated, with BTC, numerous Bitcoin Ordinals collections, and the protocol’s ORDI token all…
According to the database records, a datacarrier limit can be bypassed by masking data as code in some versions of Bitcoin Core and Bitcoin Knots. “As exploited in the wild by Inscriptions in 2022 and 2023,” reads the document. Being added to the NVD’s list means that a specific cybersecurity vulnerability has been recognized, cataloged, and deemed important for public…
What is block size, and why is it important? Block size is important for maximizing storage efficiency and transaction throughput in file systems and blockchain contexts. The amount of data processed or transferred in a single block within a computer system or storage device is referred to as the block size. It represents the basic unit of data storage and…
Social media analytics company Graphika has stated that the use of “AI undressing” is increasing. This practice involves utilizing generative artificial intelligence (AI) tools precisely adjusted to eliminate clothing from images provided by users. According to its report, Graphika measured the number of comments and posts on Reddit and X containing referral links to 34 websites and 52 Telegram channels providing…
Blockchain security firm Cyvers detected a movement of $50 million in HXA tokens, the native utility token of the Herencia Artifex NFT project, linked to the KyberSwap exploiter. The KyberSwap exploiter’s address got these tokens from an Ethereum address using the “transfer from function.” Decentralized application (DApp) users commonly use the “transfer from” function. It refers to a mechanism by…
The National Audit Office (NAO) in the United Kingdom has raised concerns about the effectiveness of the Financial Conduct Authority (FCA) in regulating the cryptocurrency industry. In a recent report titled ‘Financial services regulation: adapting to change,’ the NAO has claimed that the FCA is being slow to respond and take action against illicit activities in the crypto industry. High…
Pudgy Penguins, the Ethereum NFT profile picture (PFP) collection first launched in July 2021, has unveiled a trailer at Art Basel in Miami for its 3D browser game experience, dubbed Pudgy World, which is slated to launch in alpha sometime in 2024. After controversy surrounding its original owner led to a buyout and change in leadership last year, Pudgy Penguins…
The United States government has eliminated two provisions from the National Defense Authorization Act (NDAA) that were designed to address anti-money laundering (AML) concerns involving cryptocurrency. The NDAA is a legislation that authorizes how the country’s defense department can use federal funding. Both provisions removed from the NDAA included a comprehensive review system and the reporting of crypto activities to…
Binance’s CZ will have to wait for his sentencing in the United States, the U.S. Congress passed a bill supporting blockchain, and Elon Musk’s xAI seeks $1 billion in capital. Source: https://cointelegraph.com/news/https://cointelegraph.com/magazine/binances-cz-stay-us-elon-musk-seeks-1b-ai-other-news-hodlers-digest-dec-3-9/
