Day: February 22, 2023

Chaos Labs Secures $20 Million Funding Led by PayPal and Galaxy Digital

Chaos Labs said that it will use these funds to boost the security of the DeFi protocols through its services like capital efficiency and risk optimization, streamlined risk assessments, spend optimizations, and much more.  Despite these tumultuous times in the market, crypto firms continue to secure fresh funding. On Tuesday, February 21, Chaos Labs announced securing $20 million in funding led by PayPal and Galaxy Digital. Chaos Labs Funding The funding round also saw participation from other market players like Coinbase, Lightspeed, Uniswap, Bessemer, Hashkey and top investors such as…

ConsenSys Acquires Blockchain Notification Tool HAL to Enhance Web3 Development

Blockchain company ConsenSys looks to integrate with facilitator HAL to attain a broader-based and seamless Web3 experience. ConsenSys recently acquired blockchain notification tool HAL for an undisclosed amount to facilitate Web3 development. According to reports, the HAL acquisition sees the no-code blockchain development tooling platform bring 10 employees to ConsenSys. In addition, HAL also migrates more than 40 blockchain-enabled application programming interfaces (APIs) to Infura, the ConsenSys’ renowned Web3 connectivity layer. The crossover APIs enhance tools like Infura and facilitate easier usage amid the emergence of the next-gen, decentralized internet. The HAL…

Elon Musk Attorney Seeks Removal of Twitter Review Deal with SEC

Alex Spiro argues that the Elon Musk – SEC deal is moot following the Tesla CEO’s securities fraud trial victory. An attorney representing Elon Musk has asked a San Francisco federal court to throw out his 2018 deal with the SEC. The deal required that Musk seeks approval for all Tesla-related tweets before posting them on his page. According to Musk’s lawyer Alex Spiro, the Tesla CEO’s recent victory in a securities fraud trial necessitates the deal’s cancellation. In a class-action securities fraud case, a jury found that Musk and Tesla (NASDAQ: TSLA)…

Bank of Japan to Launch Digital Yen CBDC Pilot Later This Year – Bitcoin News

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The Bank of Japan is preparing to launch a pilot test for a digital yen, its central bank digital currency (CBDC), later this year. Shinichi Uchida, executive director of the Bank of Japan, explained that the goals of this new pilot are to test the technical feasibility of the currency and to include private businesses in its design process. Bank of Japan to Continue Digital Yen CBDC Experimentation The Bank of Japan is advancing in its research for the issuance of a hypothetical Japanese central bank digital currency (CBDC), the…

Ethereum Shapella upgrade gets new date, making way for un-staking ETH

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Ethereum core developer Tim Beiko announced the Shapella (Shanghai/Capella) upgrade is scheduled for Feb. 28. The Shapella network upgrade will activate on the Sepolia network at epoch 56832. Shanghai and Capella are the names of the upcoming Ethereum hard fork. Shanghai is the name of the fork on the execution client side, and Capella is the upgrade name on the consensus layer client side. Some of the key Ethereum improvement proposals (EIP) changes on the execution layer include Warm Coinbase and Beacon chain push withdrawals. The push withdrawals will make…

Can Bitcoin price hold $24K as stocks correlation hits lowest since 2021?

Bitcoin (BTC) wicked to five-day lows on Feb. 22 as a comedown for United States equities continued. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst on Bitcoin: “Waiting for a bit lower” Data from Cointelegraph Markets Pro and TradingView recorded lows of $23,871 on Bitstamp, with S&P 500 futures slipping under 4,000 ahead of the Wall Street open. Bitcoin bulls had lost ground after the U.S. holiday weekend, which ended in weakness across equities and a failed attempt to flip $25,000 to support. For Cointelegraph contributor Michaël van de Poppe, who…

Information Commissioner’s Office calls for accountants to play their role in SMEs data protection compliance

Regulator publishes key questions for accountants to ask SME clients to ensure they get data protection compliance right. The ICO is calling on UK accountants to recognise the crucial role they play in helping their SME clients have the right data protection practises in place from the day their business is established. Research* carried out by the UK regulator showed that over a third (34%) of SMEs trust their accountants for advice and a fifth (20%) actively use theirs to keep them up to date on data protection and GDPR.…