Day: December 10, 2023

Blockchain is fueling this emerging tech hub in Portugal: Madeira Blockchain 2023

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The local tech community is behind the Madeira Blockchain Conference, a two-day event to promote startup networking and discussions about how blockchain can be used to solve real-world problems. Cointelegraph attended the event held at the Cultural and Research Center of Funchal (CCIF) for the second consecutive year. The conference’s key takeaways are outlined next. Traditional gaming studios are quietly embracing blockchain, steering clear of buzzwords Gaming companies exploring blockchain technology are facing backlash from players and developers, prompting some studios to steer clear of Web3-related buzzwords.  Redcatpig, a traditional…

Ethereum could witness a price dip as whales take profit

Ethereum (ETH) faces possible sell pressure, one crypto analyst says, citing how it surpassed the $2,300 mark. Whales have been actively taking profit, and this could trigger a massive sell pressure on the world’s second-largest crypto.  Ethereum price volatility  The price of Ethereum (ETH) has been positively impacted by the recent bullish momentum in the global crypto markets, fueled by Bitcoin’s (BTC) surge above the $43,000 price region. ETH maintains a distinctive market position attributed to its extensive developer community, widespread adoption, and pivotal role in decentralized finance (defi) and…

Why Are NFTs Bad? The Problem And Legal Issues

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Why Are NFTs Bad? This pressing question underscores today’s heated discussions around Non-Fungible Tokens (NFTs). Despite the buzz, many investors are left grappling with unsellable NFTs, questioning their value and security. This article cuts through the noise to examine the critical issues and legal challenges surrounding NFTs.We navigate the complex NFT laws, dissect the reasons behind the unsellable nature of some digital assets, and address the underlying problems fueling the skepticism. With focused insights, we aim to shed light on the darker aspects of NFTs to answer the question: are…

Crypto Exchange Founder Pleads Guilty to $700,000,000 Unlicensed Money Transmitting Charges: DOJ

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Former crypto exchange CEO Anatoly Legkodymov has pleaded guilty to federal charges for his role in illegally transporting and transmitting hundreds of millions of dollars worth of illicit funds. The U.S. Department of Justice (DOJ) says that Legkodymov, the founder of crypto exchange Bitzlato admitted to operating an unlicensed money-transmitting business at a Brooklyn federal court this week. The DOJ says that Bitzlato became a haven for criminal proceeds and funds because the firm did not implement proper know-your-customer (KYC) procedures. The exchange also allegedly facilitated more than $700 million…

Cardano (ADA) to maintain bullish momentum, analyst says

Crypto analyst Ali Martinez is optimistic about Cardano (ADA) and anticipates “new yearly highs.” The cryptocurrency accomplished a noteworthy feat in decentralized finance (defi), securing a spot in the top 10 platforms by total value locked (TVL) and reaching a recent peak of $343 million. Cardano (ADA) defi ecosystem buzzing  The notable surge in the price of ADA, from $0.4 to $0.5, has injected over $100 million into the ecosystem, bringing the cumulative TVL to $361 million. This growth has propelled Cardano to the ninth position based on TVL, surpassing…

Bitcoin bulls’ run toward $45K could produce tailwinds for UNI, OP, TIA and STX

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The S&P 500 Index (SPX) achieved its highest close of the year last week, and Bitcoin (BTC) also hit a new 52-week high, indicating that risky assets remain strong going into the final few days of the year.  Some analysts believe Bitcoin is done with its rally in the short term and may roll over. Popular analyst and social media commentator Matthew Hyland cautioned in a post on X (formerly Twitter) that a drop in Bitcoin’s dominance below 51.81% could signal that the uptrend has ended “along with a likely…

Bitcoin breaks $44k, InQubeta and Fetch.AI rally

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin recently crossed $44,000, a significant milestone for the crypto this year. This surge is attributed to positive indicators regarding U.S. interest rate cuts and the expectation of a Bitcoin ETF approval.  The upward trend suggests a revitalized crypto market after the previous year’s challenges.  Alongside the rise of Bitcoin, altcoins such as InQubeta (QUBE) and Fetch.AI (FET) have benefited from the positive market sentiment. InQubeta reshaping AI tech…

Bitcoin inscriptions added to US National Vulnerability Database

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The National Vulnerability Database (NVD) flagged Bitcoin’s inscriptions as a cybersecurity risk on Dec. 9, calling attention to the security flaw that enabled the development of the Ordinals Protocol in 2022. According to the database records, a datacarrier limit can be bypassed by masking data as code in some versions of Bitcoin Core and Bitcoin Knots. “As exploited in the wild by Inscriptions in 2022 and 2023,” reads the document. Being added to the NVD’s list means that a specific cybersecurity vulnerability has been recognized, cataloged, and deemed important for…

Whats With All The Mysterious Cryptocurrency Deaths

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In the crypto space, a concerning trend has emerged: the rise in cryptocurrency deaths. These incidents, ranging from crypto billionaires dying under mysterious circumstances to alarming reports of crypto murders, have captivated and concerned the entire community. This article aims to unravel the complexities behind these tragic events, focusing on the specific phenomenon of crypto deaths, including cryptocurrency billionaire deaths and the notable crypto murders that have recently made headlines. Understanding The Phenomenon Of Cryptocurrency Deaths Cryptocurrency deaths have become a disturbingly frequent headline in recent years. This trend encapsulates…

BlackRock amends ETF filings; Do Kwon & more

Today’s weekly recap looks at the U.S. ETF race, as BlackRock and VanEck amend their filings. Also, Montenegro’s authorities are considering extraditing Terra’s founder, while the crypto scene sees sustained regulatory developments. BlackRock, Bitwise, VanEck amend ETF filings As leading asset managers continued to anticipate a decision on a spot Bitcoin ETF, they made changes to align with the U.S. SEC’s demands. Bloomberg ETF analyst James Seyffart revealed on Dec. 4 that BlackRock had amended its filing. Reports further suggested that crypto fund manager Bitwise also updated its application. Seyffart…