Month: May 2023

$22M of Curve Finance algo stablecoin minted since mainnet launch

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Decentralized finance (DeFi) protocol Curve Finance has launched its native algorithmic U.S. dollar-pegged stablecoin, dubbed “crvUSD” on the Ethereum mainnet — minting more than $22 million worth of the crvUSD so far. According to data from blockchain explorer Etherscan, the contract has minted more than $22 million worth of crvUSD in the past 8 hours, with $20 million of that amount minted within the first 5 minutes. Screenshot of crvUSD transaction data. Source: Etherscan The deployment of crvUSD on the Ethereum network is a significant step towards the public release…

Robert Kennedy Jr Warns of Mega Economic Crisis — Says ‘It’s Not Just the Banks’ – Economics Bitcoin News

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U.S. Presidential Candidate Robert F. Kennedy Jr. has warned that “the banking collapse is the tip of an economic mega-crisis,” emphasizing that “It’s not just the banks.” He also slammed President Joe Biden’s crypto mining tax proposal. “It is a mistake for the U.S. government to hobble the industry and drive innovation elsewhere,” Kennedy stressed. Looming Economic ‘Mega-Crisis’ Robert F. Kennedy Jr., who launched his presidential campaign last month, issued several warnings this week about the state of the U.S. economy, the banking crisis, and President Joe Biden’s cryptocurrency mining…

AX1 Releases Research on Binance Key Project

PRESS RELEASE. AX1 company recently conducted research on the Trust Wallet, a popular cryptocurrency wallet that has gained a significant following in recent years. The research aimed to understand the level of security and trustworthiness of the wallet, and to identify any potential vulnerabilities or weaknesses that could be exploited by malicious actors. The findings of the research were largely positive, with the Trust Wallet receiving high marks for its security features and overall reliability. The wallet was found to use strong encryption and multi-factor authentication to protect user data…

SEC steps back from defining digital assets in new hedge fund rules

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The United States securities regulator is holding off from ratifying the definition of the term “digital assets” in rules that govern reporting disclosures for hedge and private equity funds, despite proposing to do so some nine months ago. On May 3 the Securities and Exchange Commission (SEC) published amendments to Form PF — a form that SEC-registered funds complete to disclose basic information about their fund so the regulator can assess potential “systemic risks.” The SEC originally included a digital assets definition in an August 2022 proposal for the changes.…

ChatGPT and AI the newest vector for malware: Meta security team

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Artificial intelligence tools, such as ChatGPT, have become the latest way for “bad actors” to distribute malware, scams and spam — research from Meta’s security team warns. A May 1 research report from Facebook parent Meta’s security team found 10 malware families posing as ChatGPT and similar artificial intelligence tools in March, some of which were found in various browser extensions, noting:  “Since March alone, our security analysts have found around 10 malware families posing as ChatGPT and similar tools to compromise accounts across the internet.” Meta explained that these…

Gold, Silver, and Crypto Prices Surge After Federal Reserve’s Quarter-Point Increase – Markets and Prices Bitcoin News

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Following a quarter-point increase in the federal funds rate by the Federal Reserve on Wednesday, precious metals such as silver and gold experienced a surge in value against the U.S. dollar, with gains ranging from 0.87% to 1.18%. Gold, in particular, has been on an upward trajectory, having risen by 3.4% in the past month and over 25% in the last six months. Fed’s Rate Hike Sparks Surge in Gold and Silver Values As of May 3, 2023, the price of gold per ounce has once again surpassed the $2,000…

36% of the top 1,000 crypto projects went silent on blogging this year

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More than a third of the top 1,000 crypto projects — a term that includes both crypto companies and individual tokens — haven’t published a single new article on their respective websites in 2023. According to a May 1 research report, from blockchain marketing agency Guerilla Buzz — whose clients include the likes of Coingecko and crypto exchange AAX — a staggering 35.8% of the top 1,000 cryptocurrency projects have failed to update their websites with any new written content this year. Additionally, the report found that of these 1,000…

FTX seeks to claw back $4B from Genesis in a battle of the bankrupt

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Cryptocurrency exchange FTX is seeking to recover around $4 billion from similarly bankrupt crypto lender Genesis and a still-solvent British Virgin Islands-based entity — part of efforts to recover value for creditors. In a May 3 court filing in a New York Bankruptcy Court, lawyers for FTX sought $1.8 billion in loans and a $273 million collateral pledge allegedly given to Genesis from FTX’s sister trading firm Alameda Research. FTX is also seeking to claw back $1.6 billion in withdrawals allegedly made by Genesis and a further $213 million purported…