Blockchain intelligence firm TRM Labs credits this decline to several critical factors, including enhanced security measures, law enforcement and industry coordination. Blockchain intelligence firm TRM Labs says losses from cryptocurrency hacking in 2023 have dropped by more than 50% compared with 2022, and credits the decline to improvements in industry security. TRM Labs’ report published...Continue Reading

Three Arrows Capital co-founder Su Zhu has faced his first interrogation in a Singapore court and is reportedly set to be released soon. Su Zhu, co-founder of bankrupt cryptocurrency lender Three Arrows Capital (3AC), is reportedly set to be released soon, after facing an extensive interrogation in a Singapore court, Bloomberg reported. Zhu was arrested...Continue Reading

The partnership will prioritize workers’ rights and incorporate input from labor leaders in technology development. Tech giant Microsoft and the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) have announced a new partnership to discuss how artificial intelligence (AI) can anticipate the needs of workers and include their voices in its development and...Continue Reading

More than a third of survey respondents believed the blockchain gaming industry benefited most from traditional game studios adopting Web3 tech in 2023. Nearly 40% of blockchain game developers believe that traditional gaming studios will be one of the biggest positive driving forces for the Web3 gaming sector in 2024.  In its “2023 State of...Continue Reading

BTC proponents argued to Jimmy Wales that banks might work, but they’re not available to everyone and that storing BTC personally and storing fiat via banks are two different things. Wikipedia co-founder Jimmy Wales took to X (formerly Twitter) on Dec. 11 to take a shot at Bitcoin (BTC), bragging that while many users have...Continue Reading

The OKX DEX suffered an exploit resulting in a loss of around $2.7 million in cryptocurrencies after a proxy admin upgraded a contract that allowed a hacker to compromise the private key. OKX decentralized exchange (DEX) suffered a $2.7 million hack on Dec. 13 after the private key of the proxy admin owner was reported...Continue Reading

Binance said the SEC hasn’t demonstrated that the resolutions reached with the DOJ are pertinent to the regulator’s “faulty claims” against Binance Holdings and former CEO Changpeng Zhao. Binance Holdings and its former CEO, Changpeng Zhao, have reacted to a move by the United States Securities and Exchange Commission (SEC) to include Binance’s admission of...Continue Reading

Dfinity founder and chief scientist Dominic Williams told Cointelegraph that blockchain networks could support the creation of trustless infrastructure that incentivizes climate-positive action. Dominic Williams, founder and chief scientist at Dfinity, says blockchain technology and its decentralized, trustless nature give it a unique ability to assist in the fight against climate change.  Williams told Cointelegraph...Continue Reading

BTC price weakness clearly makes speculators nervous as single-day selling pressure hits its highest since after the Terra LUNA collapse. Bitcoin (BTC) speculators panic sold as the BTC price corrected toward $40,000, the latest on-chain data suggests. Figures from on-chain analytics firm Glassnode show short-term holders (STHs) offloading more than $2 billion in BTC on...Continue Reading

Line Next will use a part of the $140 million fund to introduce new Web3-focused services, which include a social app that uses AI-generated characters and Web3 games. Line Next, a venture dedicated to the growth of the nonfungible token (NFT) ecosystem, has raised $140 million as it prepares to launch a global NFT marketplace in...Continue Reading