Category: Featured Article

Franklin Templeton Adopts Aptos Blockchain for U.S. Fund

Wall Street giant Franklin Templeton has announced the transition of its Nasdaq-listed On-Chain U.S. Government Money Fund (FOBXX) to the Aptos blockchain. Marking a significant step in the firm’s embrace of blockchain technology for financial services. Embracing Blockchain Innovation The move to Aptos, a blockchain platform developed by alumni of Meta’s unsuccessful Diem project. Represents […]

Crypto Theft Soars Despite Fewer Hacks, CertiK Reports

In a concerning revelation for the crypto industry, cyber security firm CertiK disclosed that while the frequency of hacks decreased in the last quarter. The total value extracted by thieves dramatically increased. According to CertiK’s latest Web3 security report, hackers stole $750 million across 155 incidents. Bringing the year’s cumulative losses to nearly $2 billion. […]

Telegram CEO Pavel Durov Reaffirms Commitment to User Privacy

Telegram founder and CEO Pavel Durov on Wednesday emphasized that the messaging platform is built to shield activists and ordinary people from “corrupt governments.” Addressing concerns about potential changes to Telegram’s privacy policy. Durov clarified that while the company cooperates with legal authorities when necessary, its foundational principles remain unchanged. “Telegram was built to protect […]

Bitcoin Poised for Potential Rally Amid Global Developments

Bitcoin is showing signs of gearing up for a potential rally in the closing months of this year, with several factors aligning that could provide a significant market boost, according to analysts. Despite recent fluctuations, Bitcoin has demonstrated resilience. It experienced a 4% decline following geopolitical tensions in the Middle East but has since rebounded […]

AFP Seizes $6.4M in Crypto from Alleged Crime App Mastermind

The Australian Federal Police (AFP) announced on Tuesday the seizure of $6.4 million in cryptocurrency as part of an investigation targeting the alleged mastermind behind “Ghost”. An encrypted communication app purportedly used by organized crime syndicates. The suspect, 32-year-old Jay Je Yoon Jung from New South Wales, was arrested on September 17 under “Operation Kraken.” […]

Gemini Exits Canada Amid Stricter Crypto Regulations

Crypto exchange Gemini has announced its departure from the Canadian market, joining other major platforms like Binance and OKX in exiting the country. The decision comes in response to new stringent regulations imposed by the Canadian Securities Administrators (CSA) earlier this year. Regulatory Changes Prompt Departure In February 2023, the CSA introduced a series of […]

Bitcoin Mining Firm Sues Over Enforcement of Noise Laws

Bitcoin mining company NewRays is taking legal action against a judge and prosecutor. Claiming they were targeted by selectively enforced noise legislation. The lawsuit, filed on September 26, accuses Judge Allen Dodson and prosecuting attorney Phil Murphy, among others, of specifically and unfairly using noise ordinances to single out the crypto mining firm. Background of […]

Ethereum Staking Yields Set to Surpass U.S. Interest Rates

Ethereum staking returns are set to surpass U.S. interest rates in the coming year, a development that could boost Ethereum’s price as investors chase higher yields. Falling U.S. rates and rising transaction fees on the Ethereum network are driving this shift, narrowing the gap between Ethereum staking returns and traditional risk-free rates. The Turning Tide […]