Category: crypto

The Fifth Circuit Court of Appeals ruled that the Treasury Department’s sanctions on Tornado Cash’s immutable smart contracts were invalid, as the code cannot be considered “property”. This decision sets a precedent for decentralized protocols beyond traditional property laws. While balancing privacy and security concerns, the court urged Congress to update laws to address modern…

During an event, Justin Sun, the founder of Tron, ate a $6.2 million banana duct-taped to a wall. He discussed the connection between art, NFTs, and blockchain, drawing parallels between them.

North Korean hackers are stealing cryptocurrency and sensitive corporate data by impersonating venture capitalists and IT workers. They use AI-generated profiles and malware to infiltrate global organizations. The hackers focus on aerospace and defense firms, posing as recruiters and stealing millions in cryptocurrency. Companies are urged to enhance employee verification processes to combat these threats.

XRP’s price surge is attributed to leverage-driven pump, with potential for correction. XRP’s 16.4% increase in 24 hours makes it a top performer. The rise is linked to Trump’s potential return and Gensler’s SEC departure. Ripple’s ongoing legal battle with the SEC may impact XRP’s status as a security. Ripple’s recent investments and developments are…

A group of Canadian media organizations, including CBC/Radio-Canada, The Toronto Star, and The Globe and Mail, is suing OpenAI for copyright infringement. They claim that OpenAI’s ChatGPT product used their journalism without permission. OpenAI defends its practices, citing fair use principles. The outcome could impact copyright law in the AI era.

Chinese gaming giant Boyaa Interactive has shifted a significant portion of its crypto holdings from Ethereum to Bitcoin, converting 14,200 ETH into approximately 515 BTC in a $49.48 million transaction. This move positions Boyaa as Asia’s largest corporate Bitcoin holder, aligning with a broader institutional shift towards the digital asset.

TON has introduced a trustless cross-chain bridge, TON Teleport BTC, to integrate Bitcoin liquidity into its ecosystem. This allows users to hold and transact Bitcoin as tgBTC within Web3 mini-apps on Telegram. The integration aims to boost Bitcoin finance on TON by driving liquidity, scalability, and trading opportunities.

The Web3 world is embracing Black Friday fever with online holiday shopping projected to reach $1 trillion in 2024. The U.S. presidential election impact on cryptocurrency markets has led to increased demand. Changelly and Topper by Uphold are offering discounts and promotions to make crypto more accessible to users during the holiday season.

The Solana blockchain community expressed concerns about Coinbase due to prolonged transaction delays. Coinbase attributed the delays to wallet maintenance or blockchain issues, sparking frustration within the crypto community. Solana community leaders clarified that the delays were caused by Coinbase’s internal systems, not Solana’s infrastructure. The issues were eventually resolved by Coinbase.

The Central Bank of Brazil has proposed regulations that would prohibit centralized exchanges from allowing users to withdraw stablecoins to self-custodial wallets. The move aims to adapt the financial system to digital assets while safeguarding international capital flows. The proposed rules also aim to enhance legal certainty for businesses and individuals in the crypto industry.…