Month: June 2023

Man gathering crypto for monkey torture is among 20 investigated in international action

A BBC investigation into the brutal abuse of monkeys has led to the investigation of at least 20 individuals, with the suspect list spanning from the UK to the US and Indonesia. The suspects, including a Wisconsin man known as “Mr. Ape,” are believed to have used cryptocurrency to fund the production of brutal monkey torture videos. The report follows a recent crypto.news text about Mr. Ape crowdfunding cryptocurrency to acquire monkey torture videos for his community. The international monkey torture ring uncovered by the BBC featured hundreds of paying…

Bitcoin BTC Price Has Its Eyes on $30K

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The version 3 (v3) blockchain’s total value locked (TVL) has surged 15% since the start of the month to $1.76 billion, data from blockchain analytics firm DefiLlama shows. Aave’s TVL has skyrocketed 300% since Jan. 1, widely outpacing other major cryptos over this period. Bitcoin and ether, the two largest digital assets by market capitalization, have risen about 70% and 50%, respectively, in 2023. Original

European Investment Bank uses blockchain for environmental bond

The European Investment Bank (EIB) successfully priced its inaugural SEK 1 billion Climate Awareness Bond (CAB) today, leveraging the so|bond platform. Notably, the platform employs the Proof of Climate awaReness (PoCR) protocol, a novel blockchain validation logic that not only ensures energy efficiency comparable to non-blockchain systems but also incentivizes participating nodes to continuously enhance the environmental impact of their infrastructures. The first of its kind The European Investment Bank (EIB), a publicly owned international financial institution that has been around since 1958, has issued its first-ever green and SEK-denominated…

Robinhood’s crypto trading volume falls in May, this hybrid exchange can take over

Robinhood, a popular trading platform, has announced that its crypto trading volumes plunged in May amidst a regulatory crackdown on centralized entities. Cryptocurrency traders are migrating from centralized exchanges (CEXs) to hybrid exchanges as they offer less restriction.  Amidst the exodus of traders, Tradecurve has stood out, but can it take over from centralized trading platforms? >>Buy TCRV tokens now<< Robinhood trading volumes plunge 68% Robinhood, a trading platform, has reported a decrease in cryptocurrency trading volume in its May report. The report shows a 43% drop in crypto trading…

Disrupting Traditional Centralized Exchanges with Tech Advancements

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Decentralized exchanges (DEXs) have emerged as a game changer in the world of cryptocurrency. DEXs, which are based on blockchain technology, provide a peer-to-peer trading experience that eliminates the need for intermediaries and centralized control. Significant developments in DEX technology in recent years have increased their potential to threaten traditional centralized exchanges. This article looks at the most recent advances in DEXs and how they are changing the cryptocurrency ecosystem. Traditional centralized exchanges act as intermediaries, facilitating cryptocurrency trading by matching buy and sell orders. DEXs, on the other hand,…

Flashbots Confirms Top Strategy Researcher Obadia to Depart Amid ‘Strategic’ Hiring Push

Flashbots has added 13 team members in the past six months, bringing the total size of the team above 50. Also joining Flashbots are Danning Sui, formerly head of data science at the decentralized finance infrastructure firm 0x; and Daniel Marzec, previously an engineer at Blocknative, another major MEV industry player. Sui will lead Flashbots’ data science team and Marzec joins as a research engineer. Source

Crypto Exchange Gemini Announces New Expansion Into Asian Region To Capture ‘Next Wave of Growth’

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A major American crypto exchange is announcing a new expansion into one of the world’s biggest market regions. In an announcement, crypto exchange Gemini says it is expanding into the Asia Pacific (APAC) region in addition to growing their engineering base in India. “We’re expanding in the Asia Pacific region! Our Singapore office will serve as a hub for our larger APAC operations and we plan to increase our headcount to 100+ in Singapore. In addition to our expansion plans in APAC, we are rapidly growing our engineering base in…

Australia’s NDIS faces fallout from crypto-ransomware attack on HWL Ebsworth

Australia’s National Disability Insurance Scheme (NDIS)  is on high alert following a high-profile ransomware attack on law firm HWL Ebsworth, where sensitive client information may have been compromised and released on the dark web. Russian ransomware group ALPHV/Blackcat responsible  Sensitive client information is at risk following a massive cyberattack on the law firm HWL Ebsworth, with the National Disability Insurance Scheme (NDIS) agency expressing concerns. The hack was reportedly carried out by ALPHV/Blackcat ransomware group, and the criminals have posted some of the stolen data on the dark web.  Per…

Tech giant Alibaba announces crypto-friendly chair following Daniel Zhang stepping down

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Joe Tsai, the soon-to-be former executive vice chair of China-based technology giant Alibaba, will replace Daniel Zhang as company chair. In a June 20 announcement, Alibaba said Zhang would be stepping down as chair of the company and CEO effective Sept. 10, whereupon he will continue to serve as the chair and CEO of Alibaba Cloud Intelligence Group. Tsai, through wealth manager Blue Pool Capital, has been behind investments in several crypto firms, including FTX, Polygon’s $450-million funding round in February and Web3 firm Artifact Labs. I like crypto —…

Five US enforcement agencies form new digital currency anti-crime task force

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A diverse group of United States enforcement agencies has made official its cooperation on crimes related to the darknet and digital currency with the announcement of the Darknet Marketplace and Digital Currency Crimes Task Force on June 20. The new organization will target “cryptocurrency-enabled crimes” such as drug trafficking, money laundering, theft of personal information and child exploitation. Representatives of Homeland Security Investigations (HSI) Arizona, the Office for U.S. Attorneys, the Internal Revenue Service Criminal Investigation, the Drug Enforcement Administration and the Postal Inspection Service signed a memorandum of understanding…