Category: crypto

World has launched its identity verification platform in the US, allowing users to confirm their humanity using a World ID. The platform, powered by NVIDIA technology, offers privacy safeguards and access to features such as education and finance mini-apps. World has also announced partnerships with Visa, Kalshi, Tinder, and Morpho.

Investor portfolio allocations to crypto have reached a yearly high of 1.8% as of April 29, attributed to recent price movements and improving sentiment in the crypto market. Bitcoin dominates holdings, with Ethereum and Solana following. Concerns remain over volatility, regulation, and reputational risk, despite growing interest from institutions and individuals.

Bitcoin’s short-term realized volatility has decreased to 16% after a spike in early April. This data was reported in a research study conducted one hour ago.

ZachXBT, a blockchain investigator, discovered that an elderly American citizen was the victim of a $330 million Bitcoin theft through a social engineering attack. The stolen Bitcoin was converted to Monero, causing a price spike. This incident highlights the need for stronger user protection and exchange oversight due to regulatory concerns.

Coinbase filed an amicus brief supporting a constitutional challenge against the IRS’s collection of cryptocurrency user data, arguing it violates Fourth Amendment protections. The company resisted an IRS summons for customer data, citing privacy concerns. Coinbase believes the IRS’s actions permit unchecked surveillance of users’ crypto transactions and urges the Supreme Court to clarify constitutional…

A coalition including the Solana Policy Institute, Orca, and Superstate has filed a request with the SEC to launch a pilot program for issuing and trading securities on public blockchains. The Project Open initiative aims to create transparent and compliant markets for traditional securities by utilizing blockchain technology. The SEC has not yet responded.

Ripple proposed a takeover of Circle for $4-5 billion, but Circle rejected the bid as too low. Ripple may submit another offer, but Circle is focused on its IPO strategy. The attempted acquisition reflects increasing M&A activity in the crypto sector, with both companies playing key roles in stablecoin issuance.

Ethereum co-founder Vitalik Buterin announced ambitious goals for Ethereum’s future development, focusing on faster transactions, stateless client architecture, enhanced privacy, and decentralization. The network reached a record high in active users, with plans for single-slot finality and stateless clients to improve scalability and privacy. Buterin also emphasized broader ecosystem support and trusted information exchange systems.

DWF Labs, a Web3 investor and market maker, has announced a collaboration with the JUST Foundation to provide liquidity support for JST, the governance token of the JUST ecosystem on the TRON blockchain. This aims to enhance the DeFi ecosystem and support platforms like JustLend, JustStable, and USDD stablecoin system.

BlackRock, the world’s largest asset manager, is seeking approval to introduce blockchain-enabled shares called “DLT Shares” tied to its $150 billion money market fund. The Bank of New York Mellon will manage the sale and maintain ownership records using blockchain. This move reflects BlackRock’s growing interest in blockchain technology and asset tokenization.