“No matter how novel or sophisticated the hack, this Office and our law enforcement partners are committed to following the money and bringing hackers to justice. And as today’s sentence shows, time in prison – and forfeiture of all the stolen crypto – is the inevitable consequence of such destructive hacks,” he said. Source
To unlock the possibilities that the best talent in Web3 has to offer, developers need to be given the tools to build easily, efficiently and interoperably on top of Bitcoin. However, to achieve this, changes will need to be addressed at a Layer 1 level. Fortunately, there are some paths forward being explored right now that aren’t built on Layer 2’s. For example, there has been a proposal to reintroduce the “OP_CAT” opcode that would allow for multiple script variables to be concatenated into one, which would significantly improve the…
How to Get Funded in Crypto Source
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…
Recent news that the U.S. Securities and Exchange Commission (SEC) is investigating companies associated with the Ethereum Foundation is consistent with the view that there is no more than a 50% chance of spot ether (ETH) exchange-traded fund (ETF) approval in May, JPMorgan (JPM) said in a research report on Thursday. The bank reiterated its view that approval of these products is unlikely next month, a position first expressed in January. The SEC must make final decisions on some ETF applications by May 23. The regulator approved spot bitcoin (BTC)…
The Australian Securities and Investment Commission (ASIC) said on Friday that it had commenced civil proceedings against NGS Crypto, NGS Digital and NGS Group and the sole directors of the companies: Brett Mendham, Ryan Brown and Mark Ten Caten, respectively. Mendham is also restrained from traveling outside of Australia. Source
HashKey and the Foundation are focussing their partnership on Hong Kong in the first phase. Source
The Information Commissioner’s Office (ICO) has launched the latest instalment in its consultation series examining how data protection law applies to the development and use of generative AI. The third consultation in the series focuses on how data protection’s accuracy principle applies to the outputs of generative AI models, and the impact that accurate training data has on the output. Where people wrongly rely on generative AI models to provide factually accurate information about people, this can lead to misinformation, reputational damage and other harms. “In a world where misinformation…
Liquid restaking services funnel user deposits into EigenLayer and offer extra rewards on top, along with tradeable “liquid restaking tokens” that represent a user’s underlying investment. Ether.fi has $3.8 billion locked up with EigenLayer – assets that will eventually help power the pooled security system. In return for deposits, Ether.fi grants users a derivative token, Ether.Fi ETH (eETH), which earns interest and can be traded in decentralized finance (DeFi). Source
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…