KYC is an important measure for crypto exchanges to protect and recover user funds in the case of theft or hacking, KuCoin CEO Johnny Lyu said. Amid KuCoin exchange preparing to adopt mandatory Know Your Customer (KYC) checks, the company’s CEO argued that privacy is not the most important feature of Bitcoin (BTC). “When it...Continue Reading

Bitcoin may be back in a familiar range after snap volatility, but the picture is “undoubtedly bullish” for BTC price, one trader says. Bitcoin (BTC) teased more rangebound moves on July 7 as traders recovered from a day of volatility. BTC/USD 1-day chart. Source: TradingView BTC price gets a bid after volatile 24 hours Data...Continue Reading

Diyahir Campos, a smart contract developer behind the new ERC proposal, sought to take action after becoming a victim of the Euler Finance hack in March. A decentralized finance “circuit breaker” could have prevented billions of dollars worth of crypto being stolen from DeFi protocols in 2022, according to the developer of the newly published...Continue Reading

Sega is still reportedly licensing its lesser-known properties out for NFTs and blockchain games, but its best ones are being kept close. Sega co-COO yawns at P2E games The co-chief operating officer of Sega has called play-to-earn games “boring” amid the firm’s retreat from franchising some of its hottest properties to the blockchain gaming space....Continue Reading

The Ethereum co-founder said new developments on Bitcoin provide “good” pushback against “laser-eye” maximalists. The advent of Bitcoin (BTC) Ordinals signals the “organic return of builder culture” to the network, according to Ethereum co-founder Vitalik Buterin. Buterin made the comments in a July 7 Twitter space where he spoke at length with Bitcoin proponents Eric...Continue Reading

Some DAO members joked about the situation while others believed there may be an ulterior motive at play. BarnBridge DAO members have been told to pause “all work” related to the project after a reported probe by the United States Securities and Exchange Commission (SEC). In a July 6 post to the platform’s Discord channel,...Continue Reading

AI models such as ChatGPT could soon get the ability to buy, sell, and use Bitcoin on the Lightning Network. Bitcoin (BTC) Lightning Network development firm Lightning Labs unveiled a new set of tools for artificial intelligence to send and receive BTC on the network’s layer-2 solution. On July 6, Lightning Labs announced the toolkit...Continue Reading

Electronic devices were seized from former Kraken CEO Jesse Powell’s Los Angeles home in connection to a non-crypto-related investigation into alleged hacking and cyberstalking. 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...Continue Reading

Some Multichain contracts on Ethereum suffered withdrawals of more than half of their deposits, causing on-chain sleuths to fear an exploit is underway. Abnormally large outflows from the Multichain MPC bridge platform on July 6 have sparked fears that an exploit could be underway. Over $102 million worth of crypto has been withdrawn from Multichain’s...Continue Reading

Patrick Hillmann confirmed in a tweet that would be departing the company “on good terms” after a two-year stint. The departure comes amid a trying time for Binance. Binance’s chief strategy officer Patrick Hillmann has confirmed he is leaving the crypto exchange amid reports that other top executives in the United States have been departing...Continue Reading