Negotiators said they had struck a deal on the controversial text on June 28, shortly after organizations linked to numerous blockchains, including Stellar, Polygon, NEAR and Cardano, expressed their concerns in an open letter, but no text has been released until now. Source
A simple blockchain game has been behind a massive spike in daily transactions on the Sui Network, with one data platform even suggesting it has surpassed Solana in network activity. Similar to the 2014 viral browser-based puzzle game 2048, Sui 8192 is a sliding tile game where the players use their arrow keys to shift and combine tiles until they reach a tile worth 8192. It was first launched in October 2022. Each instance of the game mints a new object, similar to minting an NFT, and each move in…
This July 14 Bitcoin weekly options expiry holds the potential to be a significant turning point for market sentiment, potentially leading to a breach below the crucial $30,000 support level. Despite the initial bullish surge triggered by the spot Bitcoin exchange-traded fund (ETF) requests, the recent macroeconomic data has not been favorable for risk-on assets. Analyzing market sentiment is crucial in assessing the chances of Bitcoin (BTC) holding above $30,000 by July 14. This level acts as a threshold that could provide bears with a perfect opportunity to profit up to $120…
The Information Commissioner’s Office (ICO) has today backed proposals for the financial sector to share data with gambling companies to protect customers from unaffordable losses. In a letter to industry body UK Finance, the ICO has confirmed that data protection law does not stop gambling companies from conducting financial risk checks on customers, and that lenders can share people’s personal information – but this must be done transparently and proportionately. “Problem gambling has devastating consequences for people’s finances, relationships and health. We are keen to see the financial sector share…
Massad and Clayton’s recommendations come at a potentially pivotal time in crypto’s brief history, and amid an ongoing jurisdictional feud between the CFTC, which considers crypto a commodity and the SEC, which sees it as a security. Both agencies have filed multiple legal actions against exchanges and other key crypto organizations, testing the applicability of current regulations but leaving investors and entrepreneurs deeply unsettled about crypto’s future in the U.S., which has largely spearheaded global interest in the space. Last month, the SEC sued Binance and Coinbase, saying the exchanges…
Two unconfirmed transactions show that 9,800 Bitcoin linked to dark web marketplace Silk Road was transferred on Wednesday. 506 BTC was sent to a change address and 0.01 BTC was moved to the wallet 361yog in the first transaction, per reports. In the second transaction, the move transferred 8,200 BTC to the same 361yog wallet and 1,118 BTC to a separate change wallet. The transactions were discovered shortly after the U.S. CPI data was released but it remains unclear if the government is behind the BTC transfers. Crypto addresses with…
Separate “data availability” layers could reduce congestion on the Ethereum network by making it easier for ancillary “rollup” networks to verify that transactional details exist and are available to download if needed — without actually downloading them. The concept might offer an alternative to Ethereum’s own proposed “danksharding” solution, seen as years away. Source Availability039dataEthereumsMatterProblem CryptoX Portal
A wallet tagged as belonging to the U.S. government has moved over $300 million worth of bitcoin (BTC) in three separate transactions. Original
The latest price moves in bitcoin (BTC) and crypto markets in context for July 12, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Original
Google is now facing a lawsuit in the follow-up to its recent privacy policy update that accuses the tech giant of misusing large amounts of data, including copyrighted material in artificial intelligence (AI) training. The lawsuit was filed on July 11 by eight individuals who claim to represent “millions of class members” – internet users and copyright holders- who have had their privacy and property rights violated in light of Google’s recent updates to its privacy policy. In its opening statement, the plaintiffs accuse Google of “harvesting data in secret”…