Tag: Report

XRPL grows in Q2 despite SEC lawsuit concerns: Report

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Despite lingering concerns over the Ripple vs. SEC lawsuit, The XRP Ledger (XRPL) has demonstrated significant growth in multiple areas of its protocol during the second quarter of 2023, according to a recent report from crypto analytics platform Messari. The report shows that the circulating market cap of XRP (XRP) has increased by 42.5% year-to-date. The growth was driven by the asset’s price surge in the first quarter; however, in Q2, the market cap declined by 10.7%, from $27.8 billion to $24.8 billion. Although the XRP network experienced a decline in transaction…

$30B stolen from crypto ecosystem since 2012: Report

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From 2012 to the present, over $30 billion in crypto has been hacked in 1,101 documented incidents, a July 7 report from SlowMist has revealed. According to the blockchain security firm, the top five most common hacks are smart contract vulnerabilities, rug pulls, flash loan attacks, scams and private key leaks. The losses represent roughly 2.5% of the current market capitalization of cryptocurrencies. Out of total incidents, there were 118 exchange hacks, 217 Ethereum ecosystem hacks, 162 BNB Smart Chain ecosystem hacks, 119 EOS ecosystem hacks and 85 hacks related…

How the spot Bitcoin ETF filings affected the crypto industry in June: Report

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The news surrounding BlackRock’s application for a spot Bitcoin (BTC) exchange-traded fund (EFT) sent the asset’s price from its local lows in mid-June to a strong monthly close of +12%. To most observers, this was a sign that institutional investment into the cryptosphere is once again on the horizon. A future approval of a spot ETF combined with rate cuts from the United States Federal Reserve could provide the ideal catalysts for the next bull run. For those keen to gain a deeper understanding of the crypto space’s various sectors…

BTC Retakes $30K, Asian Stocks Drop to 5-Week Low Ahead of U.S. Nonfarm Payrolls (NFP) Report

The leading cryptocurrency by market value rose almost 1% to touch $30,300, reversing some of Thursday’s slide. The MSCI’s broadest index of Asia-Pacific shares, excluding Japan, extended the prior session’s weakness to drop to a five-week low, while U.S. stocks registered notable losses after a blowout ADP private-sector employment report for June raised concerns of higher interest rates. Source

FBI searched Kraken co-founder’s home in March: Report

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The United States Federal Bureau of Investigations (FBI) reportedly searched the home of Kraken co-founder Jesse Powell in March as part of an investigation into claims he hacked and cyber-stalked a nonprofit arts group. It is claimed that Powell interfered with computer accounts by blocking access to emails and other messages from contributors of Verge Center for the Arts — the non-profit Powell founded, according to a July 6 report from The New York Times, citing three people with knowledge on that matter. The F.B.I. searched the home of the…

UK Law Commission report challenges Craig Wright’s suit against Bitcoin developers

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A recent report released by the United Kingdom Law Commission could weaken a central argument brought by Craig Wright in his controversial lawsuit against 12 Bitcoin core developers, argues the Bitcoin Legal Defense Fund (BLDF). In a 300-page report on digital assets published in late June, the UK Law Commission — an independent body that reviews and recommends reforms to UK and Whales’ laws — cited a classification of fiduciary duty that bolsters the developers’ defense that they are not directly responsible for 111,000 Bitcoin (BTC) lost to hackers. Wright, owner of…

UK Law Commission report challenges Craig Wright’s suit against Bitcoin developers

A recent report released by the United Kingdom’s Law Commission could weaken a central argument brought by Craig Wright in his controversial lawsuit against 12 Bitcoin core developers, argues the Bitcoin Legal Defense Fund (BLDF). In a 300-page report on digital assets published in late June, the Law Commission — an independent body that reviews and recommends reforms to U.K. and Whales laws — cited a classification of fiduciary duty that bolsters the developers’ defense that they are not directly responsible for 111,000 Bitcoin (BTC) lost to hackers. Wright, owner of Tulip…

Sam Bankman-Fried backed out of FTX sponsorship deal with Taylor Swift: Report

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The sponsorship deal between defunct cryptocurrency exchange FTX and Taylor Swift was reportedly called off at the request of former CEO Sam Bankman-Fried (SBF), and not the singer-songwriter, as many reports have suggested. According to a July 6 report from The New York Times citing three individuals with knowledge of the sponsorship deal, Bankman-Fried was the one responsible for dropping a roughly $100 million agreement with Swift prior to FTX filing for bankruptcy. Swift’s team had reportedly signed the agreement after more than six months of negotiations but was frustrated…

Elon Musk calls for AI regulatory oversight: Report

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Twitter’s executive chairman Elon Musk continues to push for more regulatory oversight of artificial intelligence, claiming it may be “smarter than all humans at everything” in the future. In a video keynote address at a Chinese government-backed AI conference on July 5, Musk reportedly noted that governments should be concerned about deep intelligence, urging regulators to step in to prevent its misuse. “I do think we should be very careful with development of, especially artificial general intelligence, or very deep intelligence […] Artificial general intelligence is a computer intelligence that…

Bitcoin Price (BTC) Retreats to $30.6K as Blowout ADP Report Strengthens Fed Rate Hike Bets

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The ADP report surprised markets in a big way to the upside, showing 497,000 private-sector jobs added in June, more than double the consensus forecast for 220,000. The data overshadowed a report by the Labor Department that showed modest labor market weakness, with first-time filings for jobless claims rising 248,000 last week, ahead of the forecast for 245,000. Original