Elliptic, the global leader in blockchain analytics solutions, today released its 2023 edition of the landmark report, ‘The State of Cross-chain Crime’. The report reveals that $7 billion of illicit or high risk funds has been laundered through cross-chain and cross-asset services, with North Korean hackers, the Lazarus Group, responsible for $900 million of cross-chain crime. Continue reading
Non-fungible tokens (NFTs) are in dire straits. With the market in a severe downturn, it’s safe to assume the NFT bubble has well and truly burst.
It was never clear why these digital collectables traded for such large amounts of money. Now they mostly do not. What’s behind their turn of fate? And is there any hope for their future?
The US Securities and Exchange Commission (SEC) sued the cryptocurrency platform Coinbase shortly after launching a lawsuit against the world’s largest cryptocurrency exchange, Binance.
This isn’t the first time Binance and Coinbase have caught the SEC’s attention – it’s not even the first time this year. But the latest charges are much more serious, including accusations that the exchanges are operating without the correct registration.
LONDON, May 2, 2023 /Finance/ — Whether or not you should hold on to XRP is a decision that only you can make. You should consider your own financial situation, risk tolerance, and investment goals before making a decision. Continue reading
May 1, 2023 /Technology/ — The likely reasons for the Metaverse losing its shine is that there is a new kid on the blockchain. And if you’re always chasing shiny new objects, this latest one is in many ways more impressive as it’s much easier to play with. Even as the Metaverse appears to be losing its lustre for fans, AI (Artificial Intelligence) is not turning into a niche platform. It is a mainstream technology that is already being used in a variety of industries. In fact, the global AI market is expected to reach $390.9 billion by 2025. Continue reading
Vechain has officially launched VORJ, a no-code ‘Web3-as-a-Service’ platform designed to revolutionise the blockchain development experience. Launching free-to-use, VORJ offers a simple ‘click-configure-deploy’ interface that drastically expedites the building process for developers and businesses, with users able to deploy tokens, NFTs and smart contracts without fees, irrespective of technical expertise. Continue reading
Sports Metaverse company LootMogul is partnering with a leading sports marketing and commercial rights agency Six Sport, to support its strategic growth plans and expedite the adoption of blockchain gaming for sports organizations and athletes, delivering truly immersive sports fan experiences. Continue reading
For the first time, key players in the Swiss financial industry successfully developed and tested a novel settlement mechanism for tokenized investment products on a public blockchain testnet infrastructure. A smart contract, developed by the Capital Markets and Technology Association (the CMTA), allows for streamlined processes, reduces complexity, raises security, and eliminates counterparty risks from trades. The CMTA’s proof of concept marks a milestone for the Swiss financial industry. Continue reading
- No. 2 cryptocurrency to adopt energy-saving protocol
- ‘The merge’ could cut ethereum’s power use by 99%
- Move seen piling climate pressure on bitcoin
By Avi Asher-Schapiro
LOS ANGELES, Sept 12 (Thomson Reuters Foundation) – Ethereum, the blockchain underpinning the world’s second-largest crypto token ether, is poised for a software upgrade that will slash the amount of energy it uses – a step that could pile pressure on bitcoin to take similar climate-friendly action. Continue reading