The bill amendment demands the Secretary of State submit reports to congressional committees explaining why the DOS made the determination to pay out rewards in cryptocurrency. A new bill demanding a congressional notification prior to payments of the United States Department of State (DOS) rewards using cryptocurrencies surfaced as the U.S. Congress raised concerns about...Continue Reading

The CEO of Wintermute has stated that they are “open” to treating the hack as a white hat hack and would speak to the attacker. Wintermute, a cryptocurrency market maker based in the United Kingdom, became the latest victim of decentralized finance (DeFi) hacks for approximately $160 million, according to Evgeny Gaevoy, the company’s founder...Continue Reading

The trading company will pay back the debt, which has fallen almost twice in dollar estimate, by the end of September. Quantitative trading company Alameda Research will return an estimate of $200 million to Voyager Digital, which is proceeding through bankruptcy. Alameda borrowed the funds in cryptocurrencies in September 2021. At that time, the sum was...Continue Reading

IP rights will continue to be an area of conflict within Web3 and NFTs, but there’s no easy solution, lawyers told Cointelegraph. Intellectual property (IP) rights will continue to be a growing area of tension within Web3 and NFTs, as IP rights often rely on a single “identifiable entity,” while Web3 is more often decentralized. ...Continue Reading

A hacker took over CoinDCX’s official Twitter account and has constantly been tweeting XRP scam links. The official Twitter account of India-based crypto exchange CoinDCX has been hacked and used by the exploiters to post fake XRP promos partnered with phishing links in an attempt to scam the exchange’s followers.  Responding to the attack, the...Continue Reading

While layer-2 protocols have been focused on “scalability,” layer-3 protocols would serve a much different purpose, says Ethereum co-founder Vitalik Buterin. While Ethereum-based layer-2 solutions have been focused on hyperscaling the network, Ethereum co-founder Vitalik Buterin believes layer 3s will serve a far different purpose — providing “customized functionality.”  Buterin shared his thoughts in a...Continue Reading

Navigating crypto is made more difficult for those with religious considerations and the founder of an Islamic law compliant DeFi platform has thousands of users seeking approved cryptocurrencies. Australian-based crypto platform Marhaba DeFi says there has been a strong take-up of Halal-approved cryptocurrency products on its platform, with aims to release a suite of new...Continue Reading

With the Merge resulting in a ‘buy the rumor, sell the news event,’ Mike McGlone thinks that ETH might drop to “$1,000, or even get a bit lower” given how hawkish the Fed has been. The U.S. Federal Reserve’s inflation “sledgehammer” is about to batter the prices of Bitcoin (BTC) and Ether (ETH) down even...Continue Reading

Palm Beach gets its own NFT restaurant offering a range of benefits for members, while the PGA partners with Tom Brady-backed NFT platform Autograph. Decentralized blockchain-based metaverse The Sandbox has held its first hybrid digital and real-life wedding on its Metaverse.  The bride and groom, Singaporean couple Joanne Tham and Clarence Chan, CEO of music...Continue Reading

YGG’s head of ecosystem development described subDAOs as “sort of its own economy, that has its own treasury and its own token” with its own characteristics depending on the country it’s located in. The blockchain-based gaming industry will need to look at localized strategies to attract Web3 gamers, says decentralized gaming guild Yield Guild Games...Continue Reading