Day: October 23, 2023

US official confirms military concerns over China’s access to cloud technology

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United States Undersecretary of Commerce for Industry and Security Alan Estevez recently told reporters at an event in Tokyo that the U.S. is looking to crack down on Chinese access to U.S. cloud-based technologies. Speaking to journalists at the Mount Fuji Dialogue policy forum on Oct. 21, Estevez confirmed reports that the U.S. was considering applying similar interventionary measures to China’s cloud technology access as it had for artificial intelligence (AI) chips.  “Cloud-based technologies are already fairly ubiquitous,” Estevez said, per a report from Nikkei. “Now, AI itself is also…

CipherBlade Founder Says Blockchain Sleuthing Firm ‘Hijacked’

The Pennsylvania firm claims that a group of employees executed a “hostile takeover” of the company earlier this year while founder Richard Sanders was volunteering in war-torn Ukraine assisting local police with crypto investigations, according to a lawsuit. In his absence, the firm’s clients and some staff were transferred to new CipherBlade entities in Alaska and Singapore, effectively emptying his business, Sanders told CoinDesk. Source link

Crypto Analyst Lists Reasons Why Cardano (ADA) Will Not Do Well In The Bull Market

Many crypto analysts have a list of crypto tokens that they expect to make a run when the bull market returns. Sadly, Cardano (ADA) hasn’t made the list as crypto analyst Lady of Crypto has outlined five reasons why the crypto token will not perform well during that period. Cardano’s Flaws Might Be ADA’s Downfall In a video posted on her YouTube channel, the first reason she stated was that Cardano had a slow development pace and that it could not thrive in a fast-paced crypto industry. She alluded to…

California bill aims to cap crypto ATM withdrawals at $1,000 per day to combat scams

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California legislators have proposed a new bill titled “Digital financial asset transaction kiosks,” calling for a cap on crypto ATM withdrawals of $1,000 per day in light of growing scams. Additionally, starting in 2025, the law would limit operators’ fees to $5 or 15% (whichever is higher). The bill, if approved, would come into effect on January 1, 2024. The bill was introduced after legislative members visited a crypto ATM in Sacramento and found markups as high as 33% on some crypto assets compared to their prices on crypto exchanges. On…

Blockaid Raises $33M in Funding to Strengthen Blockchain Security

Blockaid’s primary objective is to protect users from a range of security threats, including fraud, phishing, and hacking. Blockaid, a blockchain security startup, and partner of the popular MetaMask crypto wallet has secured $33 million in a Series A funding round, led by prominent industry venture capital firms, including Coinbase investor Ribbit Capital and early-stage VC firm Variant. Other participants in the funding round included Sequoia Capital, Cyberstarts, and Greylock Partners. The Blockaid $3 Million Boost Blockaid’s recent funding round through which it raised an impressive $33 million, speaks to…

Bitcoin price must break $31K to avoid 2023 ‘bearish fractal’

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Bitcoin (BTC) held above $30,000 at the Oct. 23 Wall Street open as analysis said BTC price strength could cancel its “bearish fractal.” BTC/USD 1-hour chart. Source: TradingView BTC price preserves majority of early upside Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it hovered near $30,700, still up 2.5% on Oct. 23. The largest cryptocurrency made snap gains after the Oct. 22 weekly close, stopping just shy of $31,000 in what became its highest levels since July.  Now, popular trader and analyst Rekt Capital is keen to…

Tracking stolen crypto — How blockchain analysis helps recover funds

Amid the rapid evolution of decentralized finance (DeFi) and the broader Web3 landscape, security is of paramount importance. New threats continue to emerge, making it essential to understand attack patterns for risk assessment and reliability evaluation. In 2023 alone, over $990 million was lost or stolen, according to Cointelegraph’s Crypto Hacks database.  This growing demand for security has led to the emergence of a diverse ecosystem of Web3 security expertise, ranging from decentralized identity solutions to smart contract auditors, ensuring the safety of this dynamic digital space. Sign up to…