Day: July 6, 2023

Binance CEO Changpeng Zhao reveals when

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Binance CEO Changpeng Zhao has delivered his prediction for the next Bitcoin (BTC) bull market. Speaking in a July 5, “ask me anything” session on Twitter, CZ explained how the price of Bitcoin has historically moved in four-year bull cycles. https://t.co/OENe6Ul4ag — Binance (@binance) July 5, 2023 While he admitted that he can’t see the future, Zhao emphasized the upcoming Bitcoin halving event in 2024 and declared 2025 to be the most likely year for the next bull market, stating: “The year after Bitcoin halving is usually the bull year.”…

CryptoQuant Parent Team Blackbird Raises $6.5M Series A

“Digital assets are considered particularly risky speculative assets due to the difficulty in finding reliable information and engaging in speculative investments without data analysis,” Joo Gi-Young, CEO of Team Blackbird, said in a press release. “CryptoQuant’s main value lies in proving that it is possible to redefine investment methodologies for digital assets and establish criteria for evaluating asset value based on accurate data.” Source

Web3 projects lost nearly $314m in Q2, CertiK research shows 

CertiK’s Q2 2023 Web3 Security report highlights a decline in volume lost to malicious actors in the blockchain ecosystem, significant off-chain events, and vulnerabilities in major protocols and applications. Bad actors still targeting web3 projects The recently released Q2 2023 Web3 Security report by CertiK, a blockchain security and auditing company, sheds light on the scams, rug pulls, and security breaches that occurred in the industry during the last quarter. According to the report, malicious actors drained $313,566,528 from web3 companies during the months of April, May and June in…

Binance, Coinbase and Gemini staff are among the least happy, data suggests

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Crypto exchanges including Gemini, Binance and Coinbase are home to some of the least happy employees in the industry, according to data derived from Glassdoor — though some argue the results may be skewed. A quadrant chart by tech recruitment firm TrueUp — understood to have collated data from job review platform Glassdoor — mapped out how crypto firms stack up when it comes to employee happiness versus growth. 27 of the most valuable cryptocurrency firms were placed on TrueUp’s quadrant chart. A chart depicting the happiest, least happy workers…

Anchorage Digital sees asset custody demand surge amid crypto volatility

Amid increased scrutiny and tumultuous events in the crypto industry, Anchorage Digital, the San Francisco-based cryptocurrency firm, reports a substantial 80% increase in the assets under its custody in the first quarter of 2023. Anchorage Digital, the San Francisco-based cryptocurrency firm, reported a substantial upsurge in business, spurred by an increased desire for secure asset custody methods amidst crypto volatility and regulatory pressures, as revealed by the firm’s president. The company witnessed an 80% surge in assets under its custody in the first quarter of 2023, a sharp rise from…

Crypto’s Indiana Jones? Coinbase exec helps recover $322K worth of once-lost crypto

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It’s not every day that one discovers they’ve suddenly become $322,000 richer — but for one lucky crypto investor, this is exactly what happened in the waning hours of July 5. In a recent Twitter thread, Conor Grogan, the head of product at Coinbase explained how he uncovered hundreds of thousands worth of dormant crypto and even managed to contact its unaware owner. I found $322k for a stranger who previously lost their life savings in a hack pic.twitter.com/K1gUqEkAPh — Conor (@jconorgrogan) July 5, 2023 When the Ethereum blockchain forked…

UK sets deadline for crypto industry to tackle misleading ads or face severe penalties

In a bid to regulate the communication of information regarding crypto-related products, the Financial Conduct Authority (FCA) has introduced new rules that specifically target companies operating in the United Kingdom. This directive, as stated in a notice released on July 4, encompasses various digital platforms, including websites, apps, social media, and online advertisements. Leveling the playing field In the July 4 announcement, the Financial Conduct Authority (FCA), the regulatory authority overseeing the implementation of the new regime, has set a stringent deadline of August 4 for crypto firms to respond. The…

US Pentagon is testing whether AI can plan response to an all-out war

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The United States military has begun tests to see if generative AI can assist when planning responses to potential global conflicts or taking on more mundane tasks like providing faster access to internal information. On July 6, Bloomberg reported the U.S. Department of Defense and unnamed allies are, for the first time, testing five AI large language models (LLMs) in experiments run by the digital and AI office at the Pentagon. Information about which LLMs are undergoing testing is guarded but AI startup Scale AI reportedly came forward to say…

Bitcoin miners raked $184M in fees in Q2, surpassing all of 2022

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Bitcoin (BTC) miners made a lofty $184 million from transaction fees in the second quarter, far more than what they pocketed over the entire 2022 — as Bitcoin’s price surged and BRC-20 tokens flourished. The $184 million payout is more than a 270% increase from the first quarter of 2023 and it is the first quarter to have surpassed the $100 million mark since Q2 2021, according to a July 5 report from cryptocurrency analytics platform Coin Metrics. Bitcoin miners earned more from fees in Q2 than the previous five quarters…

Bitcoin miners raked up $184M in fees in Q2, surpassing all of 2022

Bitcoin (BTC) miners made a lofty $184 million from transaction fees in the second quarter, far more than what they pocketed over the entire 2022 — as Bitcoin’s price surged and BRC-20 tokens flourished. The $184 million payout is more than a 270% increase from the first quarter of 2023 and it is the first quarter to have surpassed the $100 million mark since Q2 2021, according to a July 5 report from cryptocurrency analytics platform Coin Metrics. Bitcoin miners earned more from fees in Q2 than the previous five quarters…