Beware Where You Store Your Money: Payment Apps May Lack Protection

Payment apps may lack protection: A recent warning from the US Consumer Financial Protection Bureau emphasizes that the FDIC might not protect money stored in mobile payment apps. Customers could be concerned about whether their funds are insured, highlighting the...

Reddit’s NFT Drive Nears Monumental 10 Million User Milestone

Revolutionizing the crypto and NFT landscape, Reddit's unique collectible avatars are on the brink of reaching a staggering 10 million users. Reddit, a social media site, is nearly hitting 10 million users who have its special profile pictures, called "Reddit NFTs."...

Hacker Seizes Control of Tornado Cash Governance

A malicious actor recently exploited Tornado Cash's governance, enabling them to seize total control. This could potentially allow them to retrieve all the secured votes, empty the tokens held in the governance contract, and disable the router. Tornado Cash, a...

Zimbabwe Launches Gold-Backed Digital Currency Amid Economic Struggles

Zimbabwe's central bank is launching a digital currency backed by gold.  They plan to start selling these digital coins to investors on May 8th, 2023. Individual buyers can get them for at least $10, while companies and other groups need to spend a minimum of $5,000....

Crypto Innovations by Visa and Mastercard: Next-Gen Stablecoin Payments and Cutting-Edge User Verification Solutions

Both Mastercard and Visa continue to expand their presence in the crypto sector with new initiatives and collaborations.Visa's crypto division is building the "next generation of products" for digital commerce and is seeking to hire software engineers with Web3 and...

European Parliament Approves MiCA (Crypto Legislation)

The 2020-created regulatory package now awaits the European Council's approval before being enforced. Following two previous postponements, the European Parliament has held the final vote on the Markets in Crypto-Assets Act (MiCA).  The legislation, initially proposed...

Ethereum’s Shapella Hard Fork Successfully Implemented

Following numerous postponements, Ethereum validators are now able to retrieve their staked Ether and associated rewards from the Ethereum mainnet. The Shapella hard fork has been successfully implemented on the Ethereum mainnet, enabling validators to withdraw their...

How Illicit Actors Use DeFi to Evade Anti-Money Laundering Regulations: A US Treasury Report Analysis

The U.S. Treasury warns about DeFi. But they acknowledge that the majority of money laundering, terrorist financing, and proliferation financing still take place using fiat currency or outside the realm of cryptocurrency. According to a recent report from the U.S....

Possible Collection of BTC Users’ IP Addresses by Mysterious Entity, Raises Concerns

According to a blog post by a pseudonymous Bitcoin app developer called 0xB10C, a mysterious entity has allegedly been gathering the IP addresses of BTC users since March 2018. The entity has reportedly used 812 different IP addresses to conceal its identity while...

The Potential Benefits for Montana with the Approval of Pro-Crypto Mining Bill

Recently, the Montana Senate passed a bill that aims to safeguard the interests of crypto miners operating within the state.  The proposed law is currently being reviewed by the Montana House of Representatives and seeks to eliminate discriminatory regulations that...
Hacker Seizes Control of Tornado Cash Governance

Hacker Seizes Control of Tornado Cash Governance

A malicious actor recently exploited Tornado Cash's governance, enabling them to seize total control. This could potentially allow them to retrieve all the secured votes, empty the tokens held in the governance contract, and disable the router. Tornado Cash, a...

read more
European Parliament Approves MiCA (Crypto Legislation)

European Parliament Approves MiCA (Crypto Legislation)

The 2020-created regulatory package now awaits the European Council's approval before being enforced. Following two previous postponements, the European Parliament has held the final vote on the Markets in Crypto-Assets Act (MiCA).  The legislation, initially proposed...

read more

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