The BitStream proposal echoes the BitVM paper’s attempt address the risk of damaging the network’s performance by clogging it up with transactions or other computations by carrying them out off-chain. In both cases, transactions or computations would only need to carried out on-chain for verification or to address a dispute. Original
Friday’s legal complaint filed in Delaware targets Bybit Fintech Ltd., its investment arm Mirana and several individuals, including Mirana executive Sean Tan. It alleges the investment unit “received gross transfers from FTX.com of digital assets currently valued at approximately $838 million,” of which about $500 million were transferred in the days before FTX halted withdrawals on Nov. 8, 2022. Source
14 November 2023 Anthony Luhman is ICO Director of PACE Projects and Interim Director of Investigations. Anthony is responsible for leading on ICO PACE Projects, our agile response to high priority issues and also responsible for overseeing sensitive, complex and high-profile investigative activity. Earlier this year a women’s charity raised concerns with us about the alleged actions of a tracing agent – an investigator using various methods to find a person’s current address details. The charity said that a tracing agent had tracked down a domestic abuse victim to their…
Alphabet’s decision to completely divest from Robinhood raises questions about the tech giant’s confidence in the long-term viability of the once-burgeoning fintech darling. In a recent development, Alphabet Inc (NASDAQ: GOOGL), the parent company of Google, announced the dissolution of its stake in the trading app operator, Robinhood Markets Inc (NASDAQ: HOOD). This decision follows Alphabet’s earlier reduction of its stake in the company by nearly 90%, leaving it with approximately 612,214 Robinhood shares. Alphabet’s Investment Journey with Robinhood Alphabet’s initial foray into Robinhood dates back to the early days…
Last week, Bitcoin (BTC) closed at around $37,000, up by 5.9% compared to the previous week’s closing value of $35,000. The week showcased robust price action, witnessing BTC’s fluctuations with consecutive daily price increases from Monday to Friday. The highest trading price was observed on Thursday, nearly reaching $38,000. Following this peak, the price experienced a slight dip, stabilizing around $37,000 from Friday until the week’s end. BTC dominance, measuring Bitcoin’s market capitalization against the total digital asset market, decreased for the second consecutive week, settling at approximately 52.3%. This…
The XRP price has had a mixed flow this month in terms of price action. The crypto surged by 25% in the first week of November to cross over $0.73, marking the first cross over this price point since June. However, XRP has since lost some of these gains. The crypto is now trading at $0.6574 at the time of writing and is down by 5.04% in a 7-day timeframe. According to crypto analyst and enthusiast Will Taylor, known as Cryptoinsightuk on social media, this is quite normal for XRP,…
“I really do think that Optimism is the best team in crypto, hands down,” Wyatt told CoinDesk in an interview. “I loved my time at YouTube, I loved my time at Polygon. I’m super happy with the work that I did at both of those places. I’m so eager about what Optimism can do and what they’ve already done.” Source
By misusing Create2, wallet drainers can instantly create temporary wallet addresses to receive funds after a user clicks on a malicious signature. When users send funds or interact with a smart contract, they will be prompted to “approve” a signature, hackers often disguise permissions within this signature to gain access to a user’s wallet. Source
The 6045 digital asset broker regulations are likely to greatly increase the cost of filing your crypto taxes, says Kirk David Phillips, CPA. Source
The IRS Should Heed This Warning Further, serious consideration should be given to excluding digital assets outside of the investment context. . For example, as the IRS itself recognizes, many non-fungible tokens (NFTs) si CryptoX Portal