Author: Preeti Dangwal

As part of a request to compel hearing, the United States Securities and Exchange Commission (SEC) was unable to persuade the judge to provide them quick access to Binance.US software. Nine additional senators have backed U.S. Sen. Elizabeth Warren’s Digital Asset Anti-Money Laundering Act, according to a statement from her office. SEC rejects Binance’s request for immediate access.a US programme The Securities and Exchange Commission of the United States was unable to gain rapid access to Binance.The judge stated that he is “not inclined to allow the inspection at this time” with regard to the US’s software. The SEC’s move…

Foresight News reports that Wanxiang Blockchain Labs’ 2023 Shanghai Blockchain International Week was keynoted by Avery Ching, co-founder and chief technology officer of Aptos Labs. Ching emphasised the necessity for the sector to quicken the adoption of blockchain for all internet users, enhance user experience, and increase the number of blockchain applications in the gaming, social, finance, media, and entertainment industries. The Asia-Pacific region is a key support area for the Web3 business, according to Ching, and gaming presents a sizable possibility in the Web3 space. He added that less than 0.4% of all internet users are currently early blockchain…

Andrei Grachev, a co-founder of DWF Labs, has vehemently denied any role in market manipulation, according to Coincu. He explains price changes by pointing to the market’s natural dynamics and consumers’ reactions to possible profits. With an average of five project investments per month, DWF Labs has established a sizable presence in the currency circle thanks to its investment activities in the secondary market. But some sceptics raise doubts about the true nature of these investments, expressing worries that they might be more concerned with market-making than with genuinely assisting initiatives. There is currently no concrete proof connecting DWF Labs…

Foresight News reports that Singaporean cryptocurrency firm BIGG Digital Assets revealed that its division Netcoins had been the target of a cyberattack on September 17. Internal controls stopped efforts to withdraw cryptocurrency over the predetermined limit after spotting suspicious behaviour in Netcoins’ hot wallet. An internal investigation and prompt staff notification of the incident proved that a hostile actor had gained access to the Netcoins network. Since then, the business has strengthened network security and removed the unauthorised user. No client cash or crypto assets were harmed as a result of the vulnerability, which has been fixed. In order to…

The Competition and Markets Authority (CMA), the UK’s competition watchdog, has reportedly expressed concern about a “real risk” that the artificial intelligence (AI) industry could grow in a way that would allow a select few companies to dominate the market and expose consumers to harmful information. The CMA analysed AI Foundation Models in a study released on September 18 and came to the conclusion that while AI has the ability to alter how people live and work, these changes may occur swiftly and have a substantial impact on consumers and competition. The regulator issued a warning, saying that short-term consumer…

A dormant BTC account that had been inactive for almost six years suddenly transferred $56.3 million worth of Bitcoin to a new address, according to Coincu. Prior to this transfer, there were no previous transactions at the receiving address. Around $11.8 million worth of BTC were sent to the inactive BTC address in 2017, and that amount has now increased to $56.3 million. The inactive BTC address starting with 13RLtG transferred all 2099.99 BTC it had to a new address starting with 1LGnp5, according to BitInfoCharts data. About 2,100 BTC, or about $11.8 million, were sent to the inactive BTC…

Sui Network, a layer 1 blockchain, has reportedly attracted more than 6 million active user accounts in just four months since the debut of its mainnet on May 3, 2023, according to Coincu. Sui Network, one of the most promising newcomers to the blockchain world this year, provides the fundamental infrastructure for authentication and transactions while supporting a wide variety of tokens. The Move programming language, which has its roots in the cryptocurrency programming language Rust, is what powers the network’s speed and effectiveness. Move intends to accelerate the creation of smart contracts, expanding their use and accessibility within the…

William Quigley, a co-founder of Tether, told CoinDesk that he thinks that rather than innovation, PayPal’s recent foray into the stablecoin market with its PYUSD token is mostly motivated by the possibility of cost savings on multicurrency transactions. The corporation has been investigating stablecoins for seven or eight years, according to Quigley, a PayPal investor, with the aim of lowering the expenses related to financial intermediaries in the payments sector. PayPal can tokenize the currency backed by these deposits by creating a stablecoin that it holds in a basket of currencies in banks all over the world. This eliminates the…

According to Coincu, the rise of decentralised exchanges (DEXs) like Megaton, DeDust, and STON fi as well as the introduction of liquid staking through BEMO have significantly increased the size of Telegram’s Tonne network. Increased activity on Telegram bots like Unibot has helped the Tonne ecosystem as well, driving up the price of TONNE and demonstrating the network’s potential for widespread adoption. With 2.8 million TONNE tokens, the Megaton DEX stands out as the largest in terms of Total Value Locked (TVL). The Tonne network’s DEX landscape is being expanded by DeDust and STON fi, which are both gaining ground…

Investors in Shiba Inu have reportedly been warned by CryptoPotato to be wary of frauds employing dubious non-fungible tokens (NFTs) that promise SHIB rewards. Such offers are blatant scams, according to a Twitter user using by the handle “Shib Informer,” who also warned that running the malware and following the bad actors’ instructions will deplete wallets. The ‘Shib Informer’ also said that some con artists pose as well-known figures, like Elon Musk, to be associated with these enigmatic propositions. Before beginning such undertakings, they recommended individuals to pay attention to the “small details” and always “check twice.” Shiba Inu developer…

The launch of Ethereum’s Holesky testnet was delayed when developers discovered a mistake in its genesis files, according to CoinDesk: This was a rare technical error. On the first anniversary of the big “Merge” upgrade, the incident took place. Even though some validators were able to manually launch the test network, Ethereum core developers chose to postpone the relaunch for two weeks so they could fix the problem. The Goerli testnet, which will continue to operate until the beginning of 2024, was replaced by the Holesky testnet, which was built to enhance Ethereum’s scaling capabilities. Plans for Ethereum’s impending hard…

The launch of Xsolla Mall, a platform that enables video games to host multiple landing pages for players to access exclusive in-game items, game discounts, and premium experiences directly from developers, publishers, content creators, and payment providers, has been announced, according to Coincu. A growing collection of cloud games is already available through the Xsolla Mall, backed by the Xsolla Cloud Gaming system, and developers can promote and sell material from their games there. By giving developers and publishers a new route for distribution, Xsolla Mall hopes to lower total costs associated with client acquisition and retention, raise brand exposure,…

Cointelegraph reports that Hut 8, a Canadian Bitcoin mining company, has received final consent from the British Columbia Supreme Court to proceed with its planned merger with US Bitcoin (USBTC). Hut 8 Corporation, also known as “New Hut,” a publicly traded company with its headquarters in the United States, would be created as a result of the merger, which was announced in February 2023. 825 megawatts of capacity across six distinct Bitcoin mining and data centre sites are anticipated to be made available by the merger. The merger has received final clearance from the Supreme Court of British Columbia, but…

Foresight News reports that Chinese Ministry of Industry and Information Technology (MIIT) is looking for feedback from the general public regarding the formation of a Metaverse Standardisation Work Group. The proposal explains the group’s proposed range of work, which comprises: 1. Conducting research and analysis on the metaverse field’s standardisation needs, building and maintaining a metaverse industry standard system, and coming up with ideas for the creation and updating of metaverse industry standards. 2. Working to create and update industry standards in the metaverse sector. 3. Conducting preliminary research on the important technological standards in connected industries such digital identification…

Bitcoin whales and seasoned investors are now focusing their attention on InQubeta, an up-and-coming player with the ability to completely change the laws of investing in AI technology, in the constantly evolving crypto market. The innovative project InQubeta, created by a group of forward-thinking programmers, is at the forefront of a revolution that is enthralling the cryptocurrency community. Revolutionising Investment in AI Startups with InQubeta The $QUBE token, an ERC20 token with a special deflationary mechanism built with care to support the AI startup ecosystem, is the brainchild of InQubeta. By creating NFTs generated from these initiatives, InQubeta has developed…

Multiswap is a trading platform built on the Avalanche blockchain that enables users to swap up to 300 different tokens in a single transaction, according to CoinDesk. Multiswap was developed by a developer team at CavalRe. Multiswap recorded the most token swaps during the testing period with 340 distinct tokens. Multiswap’s algorithm generates a liquidity pool holding several tokens that may be readily swapped with one another, allowing numerous trades to take place in a single transaction, in contrast to standard decentralized exchange (DEX) liquidity pools that allow traders to swap one token type for another. Multiswap, according to CavalRe…

Since September 14, according to Coincu, Base has continuously outpaced Ethereum in terms of Transactions Per Second (TPS). Base attained a TPS of 21.29 that day, shattering all previous records. Despite Base’s current TPS dropping to 12.93, it still exceeds Ethereum’s 10.18, showing an astounding 50% growth in just seven days. According to DefiLlama data, the Base network’s Total Value Locked (TVL) has surpassed Solana and is now a staggering $375.22 million. With this accomplishment, Base moves up to the ninth-largest network by TVL, behind Solana ($306.91 million). Base is praised for its security, affordability, developer-friendly environment, and suitability for…

Data from Glassnode shows that long-term Bitcoin holders currently retain 70% of the total supply, or 14,787,265 BTC, according to Coincu. With 69.2% of these holders in a successful position and an average holding period of more than 155 days, this statistic keeps rising. BTC’s price performance has been stabilising, according to TradingView statistics, reaching a monthly high of $26,800 just two days ago. The Federal Open Market Committee (FOMC) meeting slated for September 20 is being eagerly watched by market experts. The majority of participants believe the Federal Reserve will keep interest rates unchanged, but there may be some…

According to Cointelegraph, the FBI has linked a number of high-profile hacks to the Lazarus operation, a North Korean state-sponsored hacker operation that has grown to pose a serious threat to cryptocurrency investors. The following three actions can be taken by cryptocurrency investors to safeguard their portfolios: 1. Use hardware wallets to store cryptocurrency for a long time since they add an extra degree of security by keeping private keys offline and out of reach of hackers. 2. Enable two-factor authentication (2FA), which adds an extra layer of account security by requesting a one-time code from an app like Google…

The third-party market makers of Dubai-based cryptocurrency exchange JPEX are allegedly responsible for intentionally withholding funds, which caused a liquidity crisis. According to the exchange, “unfair treatment” from Hong Kong-based institutions, coupled with unfavourable news, caused market makers to wrongly freeze their assets, which in turn caused a liquidity problem that compelled the exchange to raise withdrawal fees. Users have also been complaining about a 999 USDT fee for withdrawals on a maximum sum of 1,000 USDT. Operations connected to the exchange’s Earn product were delisted. JPEX declared that after talks with external market makers were over, withdrawal costs will…