ShardLab, the blockchain arm of global Web3 venture capital firm Hashed, has recently unveiled a groundbreaking web application designed to streamline the process of decentralized identity (DiD) and NFT voucher distribution. By leveraging cutting-edge technologies such as account abstraction (AA) and zero-knowledge proofs (ZK), the platform aims to revolutionize the security and usability of everyday
Wallets associated with the CoinStats exploit were recently found to have transferred a significant amount of Ether, totaling nearly $1 million, into the controversial crypto mixing protocol Tornado Cash. The security breach occurred in June, with two wallets moving 311 ETH to the crypto mixer. This development comes following investigations by CertiK and raises questions
A crypto analyst, known as ‘DonAlt,’ has recently made a bold prediction regarding the future of Bitcoin. He believes that Bitcoin could potentially soar to $100,000 in the coming years. This bullish perspective on Bitcoin is supported by various factors such as the growing interest in Spot Bitcoin ETFs and optimistic forecasts from market experts.
Ethereum 2.0 staking has been gaining traction, with the deposit contract for staking Ethereum on the Beacon Chain reaching an all-time high of 47.36 million ETH. This milestone represents a significant increase from two years ago when the contract held only 10.9% of the Ethereum supply. The fact that it now accounts for 33.9% of
An Ethereum whale’s recent transaction has stirred panic within the community, hinting at a possible sell-off of their holdings. The transfer of 11,215 ETH ($34.3 million) to Coinbase suggests a significant amount of tokens being moved, which could potentially impact ETH’s price. Many traders interpret such moves as a signal to sell, leading to speculations
Bitcoin’s recent price dip, attributed to various factors such as Mt. Gox repayments, has caused concern among investors. The cryptocurrency experienced a significant correction, dropping by around 15% in the past 30 days. This decline culminated in BTC falling below $54,000 for the first time since February. Despite this, the asset has shown signs of
The market intelligence platform, Santiment, recently highlighted Ethereum (ETH) as the most trending token in the cryptocurrency sector. This surge in popularity is attributed to the updated S-1 forms filed for spot ETH ETFs by major financial institutions such as BlackRock, Fidelity, VanEck, and others. According to Santiment, this development could potentially lead to ETH
The recent case involving Paxful’s co-founder and former CTO, Artur Schaback, sheds light on the serious consequences of neglecting Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. Schaback pleaded guilty to conspiracy to deliberately fail in establishing, developing, implementing, and maintaining a compliant AML program, as required by the Bank Secrecy Act. This failure
Katherine Dowling, the Chief Compliance Officer (CCO) of Bitwise, recently indicated that spot Ethereum ETFs are nearing the final stages of approval. In an interview with Bloomberg on July 9, Dowling mentioned that discussions with the Securities and Exchange Commission (SEC) have been positive, with fewer issues to address in each S-1 amendment. This progress
Despite the recent drop in Bitcoin price below $60,000, the majority of Bitcoin investors are still seeing profits in their positions. According to data from the on-chain tracker IntoTheBlock, around 83% of the approximately 53.57 million Bitcoin holders worldwide are currently in profit, even as the price hovers just above $56,000. This leaves only 17%
