A community member highlights the drastic shift in mainstream media narrative, sharing a previous article promoting the Bored Ape Yacht Club NFT collection. Mainstream media outlet Rolling Stone has declared that nonfungible tokens (NFTs) are “finally totally worthless,” citing the results of a dappGambl study on the “evolving landscape’ of NFTs. The study found that as...Continue Reading

The “CBDC Anti-Surveillance State Act,” aimed at preventing the Federal Reserve from issuing a central bank digital currency, has passed the House Financial Services Committee.  The “CBDC Anti-Surveillance State Act,” aimed at preventing “unelected bureaucrats in Washington” from issuing a central bank digital currency (CBDC), has taken one step further on its procedural journey after...Continue Reading

The Optimism network has revealed that it will sell 116 million OP tokens in a series of planned sales. Ethereum layer-2 scaling solution Optimism has disclosed plans to sell 116 million OP tokens to seven private buyers for treasury management purposes. At current prices, the sale will see $159 million worth of OP tokens change...Continue Reading

On-chain data shows the $4.5 million was first transferred from the Kraken crypto exchange before eventually arriving at an address purportedly owned by a scammer. An unwitting cryptocurrency holder has reportedly fallen victim to an eye-watering $4.46-million phishing scam. According to data from Etherscan, $4.46 million in Tether (USDT) was withdrawn from a Kraken crypto exchange...Continue Reading

“Web3 represents a paradigm shift that reimagines the very fabric of the internet,” said British MP Natalie Elphicke. A group of British politicians took to the metaverse to address global leaders in a 51-nation gathering on Sept. 20, setting out a vision for the United Kingdom’s blockchain and Web3 industries. The metaverse gathering saw eight...Continue Reading

Rehabilitation trustee Nobuaki Kobayashi has extended the Mt. Gox repayment deadline by one year. Mt. Gox trustee Nobuaki Kobayashi has officially changed the deadline for paying back the exchange’s creditors from Oct. 31, 2023, to Oct. 31, 2024. In a Sept. 21 letter, Kobayashi wrote that, with the permission of the Tokyo District Court, he had...Continue Reading

Bitcoin’s hash rate has continued to increase and yet its emissions intensity has been trending down, contrary to most other industries, Bloomberg analyst Jamie Coutts explained. While the Bitcoin network has continued to expand over the years, the Bitcoin mining industry has yet to see a comparable increase in carbon footprint — an achievement that...Continue Reading

The regulator alleged that Bit Trade — the provider for Kraken in Australia — did not make a target market determination before offering its margin trading product to Australian customers. The Australian Securities and Investments Commission (ASIC) has commenced civil proceedings against Bit Trade — the provider of the Kraken crypto exchange in Australia —...Continue Reading

A recently resurfaced video shows Hal Finney discussing the possibility of zero-knowledge proofs at an annual cryptology conference in California some 25 years ago. Early Bitcoin (BTC) pioneer Hal Finney shared his vision for zero-knowledge proofs more than 25 years ago, a full decade before the launch of the first cryptocurrency, Bitcoin.  The video, purportedly from...Continue Reading

Blockchain security firms SlowMist and CertiK also believe the crypto wallet drainer Angel Drainer was involved in the estimated $238,000 exploit. The team behind Balancer, an Ethereum-based automated market maker, believes a social engineering attack on its DNS service provider was what led to its website’s frontend being compromised on Sept. 19, leading to an...Continue Reading