CryptoX – Cryptocurrency Analysis and News Portal Fintech, Web3, and artificial intelligence are one economic whole, and our ability to grow each relies on their deep synthesis, says Lex Sokolin, founder of Web3 investment fund Generative Ventures. Source The post The Machine Economy and the Convergence of Web3, AI and Fintech appeared first on CryptoX. CryptoX Portal
A Bitcoin (BTC) wallet containing 1,005 BTC mined in 2010 has reawakened, with an anonymous user moving the long dormant coins to new addresses in a number of different transactions. Speaking exclusively to Cointelegraph, blockchain researcher, developer and cryptocurrency trader Kirill Kretov weighed in on the event after initially flagging the movement of the BTC which was mined just a year after Bitcoin’s inception. Cointelegraph independently verified the details of the wallet using blockchain data from Blockchair. According to the wallet statement, the 1,005 BTC was valued at just $328…
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied FBI seized $1.7 million worth of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Monero (XMR), and stablecoins USDT and DAI in three months. A document published by the US Federal Bureau of Investigation (FBI) revealed about $1.7 million worth of cryptocurrencies being confiscated from various sources, including Binance accounts. The law enforcement agency seized $147,000 worth of Bitcoin, $800,000 of Ethereum, $307,000 of USDT, $469,000 of DAI, and just $20,000 of Monero. A total of 428.5 ETH — equivalent…
The Bitcoin market continues to reveal trends and patterns, vital for both long-term holders and short-term speculators. Notably, since Bitcoin reached its all-time high of $69,000, speculators, who play a pivotal role in the market, now hold less of the cryptocurrency. This insight comes from prominent analytics firm Glassnode in its “The Week On-Chain” newsletter, which delves into the market’s dynamics and potential implications. Bitcoin Stagnation And Role Of Short-Term Holders The Bitcoin market has witnessed a prolonged period marked by relatively steady BTC price action. This phase has sown seeds…
A successful cyberattack on critical infrastructure — such as electricity grids, transportation networks or healthcare systems — could cause severe disruption and put lives at risk. Our understanding of the threat is far from complete since organizations have historically not been required to report data breaches, but attacks are on the rise according to the Privacy Rights Clearinghouse. A recent rule from the United States Securities and Exchange Commission should help clarify matters further by now requiring that organizations “disclose material cybersecurity incidents they experience.” As the digital world continues…
Sei Labs, the company behind layer 1 blockchain Sei, has announced that its mainnet is now live after a successful testnet phase. The blockchain’s native token SEI also went live today on exchanges such as Binance, Kraken and Huobi, among others. The focus for Sei is to create a chain that offers users the ability to exchange assets easily, said the Sei Labs team. Whether this means assets for social platforms, games or NFT’s, Sei is hoping to offer the smoothest experience. SEI was trading at around $0.27 at the…
Layer-1 network ZetaChain has secured $27 million to support its chain-agnostic platform, according to an announcement on Aug. 16. Participants in the round include Blockchain.com, Human Capital, Vy Capital, Sky9 Capital, Jane Street Capital, VistaLabs, CMT Digital, Foundation Capital, Lingfeng Capital, GSR, Kudasai, Krust and other investors. The protocol created in 2021 is designed to provide standardized interoperability between networks, allowing non-smart contract chains to interact with the broader decentralized finance (DeFi) ecosystem. As a result, developers can implement smart contracts on networks not running the technology, such as Bitcoin…
The founders of the collapsed digital asset hedge fund Three Arrows Capital (3AC) Kyle Davies and Su Zhu are now facing a fine issued by Dubai’s dedicated crypto regulator over the OPNX exchange. On Aug. 16, Dubai’s Virtual Asset Regulatory Authority (VARA) published a notice of fines for the OPNX Exchange. The regulator said that it has issued a fine of 10 million dirhams, around $2.7 million for violations of its market regulations, and noted that the fine remains unpaid. Excerpt of the document posted by Dubai’s crypto regulator. Source:…
The layer-1 is pioneering the idea of “microchains” within the blockchain, according to the press release. “The competition for blockspace in traditional layer-1 blockchains, coupled with limited production rates and block sizes, creates a bottleneck during traffic peaks, leaving users outpriced or delayed, rendering the infrastructure effectively unavailable,” the press release said. Source
“We’re combining the uncompromising security of Ledger with PayPal’s leadership in protected payments technology to help facilitate a seamless platform for user crypto transactions,” Ledger CEO Pascal Gaithier said in a statement. “Ledger is committed to simplifying the world of crypto and PayPal is committed to making the movement of money as simple, reliable and affordable as possible.” Original