Crypto

Source: Coin Tegraph While Cronje highlights concerns about L2 appchains, others argue that emerging solutions can address these challenges. Read Full Article

Source: Bitcoinist The US cattle industry is going blockchain. Decentralized cow verification service, CattleProof’s “Verified,” has been approved, giving it the historic title as the United States Department of Agriculture’s very first blockchain-based Process Verified Program (PVP). CattleProof is a Wyoming company that uses the distributed ledger technology to store individual cow’s data.  Blockchain For Livestock…

Source: Coin Tegraph Online software development platform GitHub has a list of at least 15 recorded incidents of in person crypto theft in the last year, around 17 in 2023, and 32 in 2021.  Read Full Article

Source: Bitcoinist Blockchain security platform Scam Sniffer recently revealed a crypto trader who lost $35 million in minutes. This trader is said to have lost this sum thanks to a social-engineered crypto scam, which continues to be rampant in the industry.  How This Crypto Trader Lost $35 Million  Scam Sniffer revealed in an X post…

Source: Bitcoinist United States Senator Bill Hagerty has unveiled a discussion draft of a bill to provide clear regulations on the use and operations of stablecoins. This proposed legislation mirrors the same content and objectives as the “Clarity for Payment Stablecoins Act of 2023.”, however with a few modifications. Hagerty’s Bill Proposes Dual Regulatory Oversight…

Source: Bitcoinist A million dollar worth of XRP has just been donated by the co-founder of Ripple, Chris Larsen. The benefactor? The US presidential candidate Kamala Harris, through her political committee Future Forward USA. This massive contribution reflects the growing influence that the crypto community is gaining in American politics as both parties move in…

Source: Bitcoinist According to the latest on-chain data, liquidity in the cryptocurrency markets has reached an all-time high. Here’s the implication of the rising liquidity on the price of Bitcoin and its future trajectory. Stablecoin Market Cap Hits New Highs — Impact On Bitcoin Price In its latest report, CryptoQuant revealed that liquidity in the…

Source: Bitcoinist Singaporean cryptocurrency exchange Fairdesk has unveiled plans to wind down its operations in the coming month. This move comes as a surprise, as there had been no prior indications of difficulties facing the platform. However, it aligns with a broader trend of exchanges shutting down amid increasingly strict crypto regulations imposed by national…

Source: Coin Tegraph Since 2019, US regulators have collected a total of $31.92 billion in settlements from 25 crypto companies across various lawsuits.  Read Full Article

Source: Bitcoinist The co-founder and former CEO of crypto exchange Binance, Changpeng Zhao, has issued a warning to the general public and the cryptocurrency community regarding the emergence of numerous of deepfake videos created by artificial intelligence and their potential to trick gullible and unsuspecting users into making false or fraudulent cryptocurrency investments. A Public…