Co-founder Gary Wang admitted to generating false figures using a random number generator, raising concerns about trust and transparency. Key Takeaways In a revelation that has sent shockwaves through the cryptocurrency world, Gary Wang, co-founder of FTX, has admitted to falsifying the exchange’s insurance fund figures, essentially throwing the platform and its founder, Sam Bankman-Fried,…
H3RO3S is an innovative peer-to-peer platform that uses an AI-driven talent-based matching system to connect users with useful skills to users seeking tasks to be completed. Combining bartering, task marketplace, social networking, and blockchain. LONDON, UK / ACCESSWIRE / October 8, 2021 / H3RO3S, the world’s first real-life play-to-earn platform is pleased to announce that it…
The cost of maintaining a gift card or reward system for traditional businesses can often be prohibitive for a lot of businesses. This usually means that only large businesses are able to maintain these systems. With the introduction of crypto tokens and non fungible tokens (NFTs), businesses are able to create a sort of pseudo…
New York City Embraces Digital Assets Mayor Eric Adams has established a municipal Office of Digital Assets and Blockchain Technology through an executive order. The move comes during the final months of his term, which ends in January 2026. Moises Rendon, who has served as the city’s digital assets and blockchain policy adviser since April…
David Marcus, the Libra co-creator, has revealed new updates to the project’s white paper as the Association tries to navigate regulatory hurdles in launching the payment platform.Since its emergence, the digital payments project has drawn a steady stream of criticism from regulators and government officials across the world with some organizations even calling for measures…
People are now able to conduct business without the need for intermediaries and with better transparency, thanks to the rise of decentralized finance (DeFi), which has arisen as a popular alternative to traditional finance in a very short amount of time. On the other hand, due to the complexity of the DeFi system and the…
Ethereum is used as money far more often than Bitcoin, at least according to one new analysis of on-chain data. Key Takeaways Analyzing the top 10,000 ETH addresses shows that Ethereum has significant transaction volume, compared to that of Bitcoin. 16% of the Ether in circulation has been actively used in the past 90 days,…
Court Rules Against Bitcoin Claim in FBI Evidence Case A federal court has dismissed a lawsuit seeking $354 million in damages from the U.S. government over lost Bitcoin. The case involved Florida resident Michael Prem, who claimed the FBI erased a hard drive containing 3,443 Bitcoins during a criminal investigation. The court found that the…
In the ever-expanding universe of blockchain and Web3 technologies, security is the silent guardian that often goes unnoticed—until something goes awry. Enter Hashlock, an Australia-based smart contract auditing firm striving to ensure that Web3 innovations don’t just soar but also land safely. Trusted by industry leaders like Chris Were, the CEO of Verida Network, Hashlock is…
Ocean Protocol’s ongoing hackathon is bringing together blockchain technology, artificial intelligence, and the IoT to help solve the COVID-19 pandemic. Key Takeaways Ocean Protocol saw the pandemic coming long before it was officially identified by many experts. To help combat further spread, the project has tied with SingularityNET another decentralized AI firm to launch a…
