Recently, James Mullarney, the host of the very popular YouTube channel “InvestAnswers”, talked about $SOL, the native token of the Solana blockchain, and explained how he had arrived at his price target for $SOL. Here is how Coinbase described Solana in a blog post published on 29 June 2022: “Solana is a decentralized computing platform that uses SOL to pay for transactions. Solana […]

A self-described white hat hacker has uncovered a “multi-million dollar vulnerability” in the bridge linking Ethereum and Arbitrum Nitro and received a 400 Ether (ETH) bounty for their find. Known as riptide on Twitter, the hacker described the exploit as the use of an initializing function to set their own bridge address, which would hijack all incoming ETH deposits from […]

Draft legislation in the United States House of Representatives would place a two-year ban on new algorithmic stablecoins such as TerraClassicUSD (USTC) which de-pegged from the US dollar earlier this year causing widespread crypto market contagion. The bill would criminalize the creation or issuance of new “endogenously collateralized stablecoins,” according to a current draft of the legislation obtained by Bloomberg. […]

Jamie Coutts, Crypto Market Analyst for Bloomberg Intelligence argues that “falsehoods” and “fear of the unknown” is what has been holding back traditional portfolio managers from investing in cryptocurrency.  Speaking to Cointelegraph during the Australian Crypto Convention over the weekend, Coutts argues there has been an ongoing “falsehood” that “there is no intrinsic value in blockchains.” “These asset managers own […]

OpenSea, the digital marketplace for crypto collectibles and non-fungible tokens (NFTs), has launched a new initiative to make it easier for creators to create and distribute NFTs on its marketplace.  As part of this new immersive initiative, creators will be able to launch their NFT collections on their own customizable and dedicated drop pages, which the company hopes will allow […]

Non-crypto alternative payment systems pose a serious threat to United States security, according to testimony presented at a U.S. House Financial Services Committee Subcommittee on National Security, International Development, and Monetary Policy hearing Tuesday. The alternative payments ecosystem should be seen as a whole, and crypto can enhance national security, speakers said.  Wilson Center fellow Scott Dueweke told the U.S. […]

Scammers have hacked the official Twitter account of the Embassy of Oman in India, replacing the profile picture with Ripple CEO Brad Garlinghouse and using the reply function to spam users with fake XRP giveaway phishing links. At the time of publication, the Twitter account OmanEmbassy_Ind showed several retweets matching those of Garlinghouse, seemingly in an attempt to make the […]

Elizabeth Rosenberg, the assistant secretary for terrorist financing and financial crimes at the United States Department of the Treasury, suggested sanctioning cryptocurrency mixers could help strengthen the government’s response to foreign entities looking to use digital assets for illicit means.  In a Tuesday hearing of the Senate Banking Committee covering sanctions on Russia, Rosenberg said having the Treasury Department add […]

By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). Bitcoin and the crypto market saw a significant bounce yesterday, before finding resistance at $19,666 – the 2017 bull market top, a key resistance. Bitcoin remains below $20,000 for now as investors are very cautious ahead of the Federal Reserve decision tomorrow, followed by a news conference with Chair Jerome Powell. […]