“I have sufficient funds on hand to pay Genesis the sums allegedly owed, and I’m happy to pay what I actually owe,” wrote Ver, who now advocates for the Bitcoin Cash (BCH) blockchain. “However, Genesis was required by our agreement to remain solvent – as Genesis can’t ask its clients to play a ‘Heads clients lose, tails Genesis wins’ game.” Source
The person that exploited Solana-based decentralized exchange Raydium has sent $2.7 million in ethereum to controversial coin mixing protocol Tornado Cash. Source
In an alert, blockchain security firm CertiK reported that the Raydium protocol exploiter had sent 1,774.5 Ether (ETH) to the mixer. The amount is worth around $2.7 million at the time of writing. While security teams from various exchanges continue to combat the efforts of hackers, funds continue to flow to the sanctioned cryptocurrency mixer Tornado Cash. #CertiKSkynetAlert We are seeing ~1,774.5 ETH (~$2.7M) being deposited into @TornadoCash from the Raydium exploiter 0xb98ac as labeled on https://t.co/lb2v6r8c4s. Stay vigilant! pic.twitter.com/JVqWAw9MVO — CertiK Alert (@CertiKAlert) January 19, 2023 The attack on…
Emmer, who is co-chairman of the Congressional Blockchain Congress, has argued that the FTX collapse was a “failure of character,” not of crypto, but added that the industry will keep growing. “You do not get growth without taking risk,” he told a cryptocurrency industry crowd in Washington, D.C., the week after FTX went down. Source
The Bitcoin Cash hard fork ahead this year will bring added security and privacy to the network with CashTokens enabling decentralized applications (Dapps) to run. The price of Bitcoin Cash (BCH), the native crypto of the first offshoot of the Bitcoin blockchain, has shot up by more than 10% in the last 24 hours. As of press time, BCH is trading at a price of $120 with a market cap of $2.37 billion. The latest rally in the BCH also coincides with the broader pump in the altcoin space this…
Other proposed improvements already locked in include smaller transaction sizes – which help speed up transactional times – and smart contracts functionality that could allow Bitcoin Cash-based applications built that offer recurring payments, derivatives trading, and crowdfunding opportunities, among other uses, to Bitcoin Cash users. Original
The update on the digital yuan in circulation was revealed by the People’s Bank of China (PBoC) in the 2022 Financial Statistics Report. For the first time, China included the digital yuan while calculating the amount of currency in circulation in December. This is significant to the country and the early adopters of the central bank digital currency. History will also recognize China as one of the first countries to develop its central bank digital currency. The country also conducted pilot tests and trials toward the launch of its digital yuan.…
These cash flows represent the native economic activities accrued on the block space. However, the miners and validators are burdened with increasing expenses. Without effective tools to manage the risks, they are fully exposed to market risks, such as the inherent volatility of cryptocurrencies. Source
Place/Date: Hong Kong – January 11th, 2023 at 10:22 pm UTC · 2 min read Source: Kingdomverse Kingdomverse, the first “Mobile Games Metaverse” will host the King’s Crown Tournament with its mobile game, Defend the Kingdom (DTK). Set to take place between January 16, 2023 11:00am HKT to February 6, 2023 11:00am HKT, the tournament will boast a staggering prize pool. Top 1,500 players will win a share of 250,000 $KING (Kingdomverse’s native token) and top 100 players will win a share of $5,000 USDC. Kingdomverse will partner with SAKURA…
Cash and bank reserves held by the central bank, a measure of money supply known as M0, grew at 15.3%, the fastest pace in 11 months, to 10.5 trillion yuan in December, with the digital yuan representing only 0.13% of the total. The addition of the e-CNY caused no “notable changes,” the PBOC said. Source