Day: March 14, 2024

Crypto Custody Firm Cordial Systems Names Jump Crypto as Client as It Exits Stealth

“We give all the software to the customer side, not just a bit of the key. So they basically run everything on their side,” Higgs said. “We reduce ourselves to a simple vendor/supplier relationship where we just do code updates. You don’t need us to sign things, you don’t need us to change things on a day-to-day operational basis, you’re fully independent. I think for firms like Jump, who have a lot of regulatory oversight, that solves a lot of headaches.” Source

North Korean Hackers Used Tornado Cash to Launder $12M From Heco Bridge Hack: Elliptic

Tornado Cash was hit by U.S. sanctions in August 2022. This spurred Lazarus Group to use another mixer, Sinbad, to obfuscate their ill-gotten gains. However, Sinbad itself was seized by U.S. authorities in November, prompting Lazarus to make the shift back to Tornado Cash, Elliptic said in its blog post. One of Tornado Cash’s founders, Roman Storm, was arrested last year and is awaiting trial on money laundering charges. Another, Roman Semenov, has been charged but has yet to be arrested. Source

Justin Sun Deposits $480M of ETH to Restaking Protocol Ether.Fi

Liquid restaking involves staking ether, which helps secure Ethereum, in return for a yield and often also loyalty points that can eventually be converted into a token airdrop. In return for the staked ether, restaking protocols like Ether.Fi distribute a liquid restaking token, in this case eETH, which is pegged to ether’s price. The token can be used on other decentralized finance (DeFi) protocols to earn additional yield. Source

Bitcoin mining difficulty reaches new all-time high

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On March 14, the difficulty of Bitcoin mining reached a new historical maximum of 83.99 T. BTC.com says the rate has increased by 5.79% since the last change date. The first cryptocurrency’s current mining hashrate has also reached its maximum, meaning that more participants have joined mining activity. Currently, the figure is 616.74 EH/s. Source: BTC.com The next recount will take place on March 27. The forecast is an increase of 0.07%, according to BTC.com. On March 1, the difficulty of Bitcoin (BTC) mining decreased by 2.9%. The complexity of…

Reddit Is Making a Deal With the AI Devil

The real problem is that when you put data on social media sites like Reddit, your data becomes the product. So even though you are creating the data, you have no control or ownership of it. By using the app, you’ve already legally “consented” to your own surveillance in order for you to enjoy the “free” privilege of using the platform. Source

Goldman Sachs, CBOE, Standard Chartered, and Others Complete Blockchain Interoperability Pilot on Canton Network

Goldman Sachs, the CBOE, Standard Chartered, and other financial institutions participated in the pilot of the Canton Network, a protocol aiming to achieve interoperability in apps using resources from various blockchains. Digital Asset, the company behind the pilot, stated that this test showed the opportunity to reduce costs, risk, and inefficiencies by using this kind […] Source CryptoX Portal

Classic Minerals And AuResources Drive Blockchain-Backed Funding For Gold Mining Ventures

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Classic Minerals Limited, an Australian gold exploration company, and AuResources AG, a Swiss fintech startup, have begun a $60 million funding initiative to leverage blockchain technology to boost the gold mining and fintech sectors. The collaboration is designed to accelerate the development of Classic’s gold projects, particularly the Kat Gap Project in Western Australia and the Forrestania Gold Project, by avoiding traditional commodity trade funding. Blockchain-Backed Capital In a move that bypasses traditional banking channels, AuResources, backed by digital and tokenization-focused bank Black Manta Capital, will provide the initial $10…

Solana Smashes Major Resistance Levels, New All-Time High Imminent?

With previous price achievements, Solana (SOL) has become one of the biggest cryptocurrencies in the market, garnering the attention of investors and traders as its price continues to rise, hitting a new yearly high of $172. Solana (SOL) Breaks Through All Critical Levels Solana has effectively reached a new 25-month high, reflecting a strong positive interest from crypto investors within the sector. Due to this, several market experts are predicting that the crypto asset reaching a new all-time high is on the horizon. Crypto Jelle, a cryptocurrency trader and analyst…