Elon Musk has again shared his opinion about the current structure of non-fungible tokens (NFTs), noting that embedding JPEG images into a blockchain can establish exclusive ownership for enthusiasts.
Cryptocurrency funds recorded $103 million inflows in the penultimate week of the year as institutional investors keep momentum toward a spot Bitcoin (BTC) ETF approval by the Securities and Exchange Commission (SEC).
Web3 activity has increased over the course of 2023. According to a recent report from DappRadar, the decentralized application industry (dApp) achieved a milestone of 3.4 million daily Unique Active Wallets (dUAW) in November. The report notes that this represents a 7 percent increase in growth from October, while also establishing a record high for the year up until that point.
Popular cybersecurity company Surfshark recently analyzed the 15 most popular crypto apps to find out how much data each collects. They found that nine of these use collected data to track their users. But it’s not just how much data is collected, but how it’s managed, Lead Researcher Agneska Sablovskaja told Cryptonews. She added that the company was particularly surprised by Binance and Binance.US.
KyberSwap’s CEO Victor Tran says the company has reduced its staff by 50% following a $48 million exploit last month stressing on keeping operations running and compensating all affected users with their assets.
The Financial Services and the Treasury Bureau (FSTB), and the Hong Kong Monetary Authority (HKMA) have jointly introduced a public consultation paper outlining a legislative proposal to regulate issuers of stablecoins. This move is prompted by the increasing prominence of stablecoins within the Web3 and virtual asset (VA) ecosystems, coupled with the growing interconnection between traditional financial systems and VA markets.
Thunder Terminal has recently encountered an exploit. Despite the severity of the incident, the platform has assured users of the security of their funds. Yet the hacker claimed differently and demanded ransom.
Mt. Gox, the once-dominant cryptocurrency exchange that famously collapsed in 2014, has recently encountered a new hurdle in its efforts to repay creditors. Reddit users are now reporting a payment error stemming from what the exchange describes as a “system issue” during the ongoing civil rehabilitation proceedings.
METIS, the native cryptocurrency of the layer 2 network Metis, experienced a surge of up to 50% in the past 24 hours, driven by the buzz surrounding a recently revealed grant that is making rounds in the crypto community.
European Union officials reached an agreement on December 12 on new crypto regulations that will grant member states expanded powers to freeze and confiscate assets suspected of being tied to criminal activities.