Day: September 27, 2023

What Is Lubin’s ‘Piece Of Paper’?

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Steven Nerayoff, an active participant in Ethereum’s (ETH) Initial Coin Offering (ICO), who is believed to know where the “bodies are buried,” has made further revelations in the ongoing ETH Gate saga, which boils on whether or not the US Securities and Exchange Commission (SEC) gave Ethereum a ‘regulatory free pass.’  Lubin’s Piece Of Paper Appears In ETH Gate After being pressured by a member of the XRP community to release the dirt that he claims to have, Nerayoff released a follow-up tweet that contained transcripts from an email that…

Meta to Detail Investment in AR/VR and Metaverse Technologies at Connect Conference

Participants at the Meta Connect conference expect details of the company’s investment in the metaverse at the 2-day event. The CEO of Meta Platforms Inc (NASDAQ: META) is expected to provide information on the company’s investment in the long-awaited Meta metaverse development at the Meta Connect conference today and tomorrow. Participants at Meta Connect expect to hear details about Meta’s plan to attract investment in artificial intelligence powered by virtual reality (VR) and augmented reality (AR) technologies. Many participants and observers are waiting on the details Zuckerberg will announce, especially since…

Justin Sun Offers 5% Reward for Hackers That Stole $8,000,000 From Crypto Exchange HTX

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Tron (TRX) founder Justin Sun says he’ll offer a 5% reward if the hackers who stole nearly $8 million worth of Ethereum (ETH) from his exchange HTX decide to return the crypto. HTX is the newly rebranded name of Huobi, the Seychelles-based trading giant that Sun says he’s an advisor for. It remains unclear whether Sun has an actual ownership stake in HTX, though he’s reportedly used hundreds of millions of dollars of his personal fortune to back the exchange. Hackers hit HTX over the weekend for approximately 4,999 ETH…

Everything you need to know about CommEx, so far

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Cryptocurrency exchange Binance has claimed that it will fully quit Russia by selling its local business to a completely new exchange known as CommEx. While promising its customers a “smooth” migration, Binance hasn’t provided much information about its successor in Russia. At the time of the announcement, little is known about CommEx’s founders or background. The exchange was launched on Sept. 26, 2023, or just one day before Binance announced the sale of its business to the newly created exchange for an undisclosed amount. A spokesperson for CommEx didn’t respond to…

Can MATIC Defend $0.5 Threshold?

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Polygon (MATIC) has been treading in the water for much of September, caught in a tight range that reflects the uncertainty gripping the cryptocurrency market. As the altcoin hovers around the $0.50 mark, traders are closely eyeing a significant technical indicator that could spell trouble for its price trajectory. The altcoin’s price, currently at $0.508295 according to CoinGecko, has shown signs of weakness, with a 2.4% decline in the past 24 hours and a 7.3% dip over the past week.  However, the real concern for MATIC investors lies in the…

CBDC frameworks must guard user privacy, monetary freedom of choice

Legal frameworks that ensure that user privacy and the freedom to choose between central bank digital currencies and other forms of money will be key in driving CDBC adoption, according to the head of the Bank of International Settlements. Speaking at the BIS Innovation Hub conference in Switzerland on Sept. 27, BIS general manager Agustín Carstens stressed that legal frameworks remain a key consideration in the development and proliferation of CBDCs around the world: “Most fundamentally, the legitimacy of a CBDC will be derived from the legal authority of the…

Mt. Gox collapse saw birth of Chainalysis – Cointelegraph Magazine

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It’s been more than a decade since 850,000 BTC went missing from Mt. Gox, yet the collapse of the former exchange remains one of the most infamous black swan events of the cryptocurrency ecosystem. While creditors of the defunct exchange are edging closer to some form of restitution, Mt. Gox’s demise ended up playing an important role in the development of tools to identify, track and tackle the illicit movements of funds through the wider cryptocurrency industry. The search for answers and funds played a key role in the birth…

Binance France Urges Users to Convert Fiat to Crypto

The global crypto exchange has been facing intense regulatory scrutiny. Most of its regulatory issues are in Europe Binance has urged customers in France to convert their fiat currency on the exchange to crypto. This comes on the heels of the crypto exchange losing its euro banking partner Paysafe. As part of the partnership, Paysafe provided Binance France with infrastructure for euro deposits and withdrawals via SEPA bank transfers. The companies announced the drawing end of their partnership in June. It expired on September 25 with Binance yet to reveal…

Cricket World Cup to feature Web3 fan app as ICC taps into Near blockchain

The International Cricket Council (ICC) has partnered with Near Foundation to build a blockchain-powered Web3 fan engagement app for the 2023 Cricket World Cup in India, which promises to reach hundreds of millions of fans over the next six weeks. Cointelegraph spoke exclusively to ICC head of digital Chris Donovan and Near CEO Finn Bradshaw, who unpacked details of the Web3 mobile app aiming to drive fan engagement before, during and after matches at the global sporting event in India. Related: From cricket to crypto: AB de Villiers ventures into Web3…