Vitalik Buterin, the co-founder of Ethereum (ETH), recently addressed a conference gathering and referred to Solana as the most scalable blockchain. This remark has caused a stir in the community since it seems to suggest that Buterin agrees that Solana is more scalable than Ethereum. The token used by the
May 24, 2023 1 min read
In the Philippines, officials issued a warning to Gemini, a cryptocurrency exchange, for operating an unauthorized derivatives exchange. According to Bloomberg, the provincial stock market authority in the nation censured the company for doing business without the proper licenses. There are already plenty of problems for businesses operating in the
May 23, 2023 1 min read
Binance’s U.S. Head of Investigation BJ Kang was recently added to Russia’s list of 500 sanctioned individuals after the company hired him in October of last year. Vladimir Putin has a black list that includes many Americans, including New York’s Attorney General, Letitia James. Russia has retaliated against the United
May 23, 2023 1 min read
An attacker used a fraudulent contract to get access to thousands of votes and take complete control of the popular cryptocurrency mixer Tornado Cash. Paradigm’s web3 research analyst @samczsun was the first to notice the problem over the weekend. According to a tweet by user samczsun, the attacker claimed to
May 22, 2023 1 min read
U.S. prosecutors have filed charges against a Russian national who they say was involved in several ransomware scams. That together brought in about $200 million, most of it in cryptocurrency. Hospitals, schools, and even police stations were hit by ransomware attacks. Mikhail Pavlovich Matveev was a member of the Lockbit,
May 22, 2023 1 min read
The most notorious privacy-focused blockchain now supports non-fungible tokens (NFTs), although this has not been welcomed by everybody. As with Bitcoin Ordinals, anybody may use Mordinals (or Monero Ordinals) to inscribe data alongside transactions on the Monero blockchain. The Monero community has raised a number of concerns. Including a loss
May 21, 2023 2 mins read
The decentralized cryptocurrency blender Tornado Cash already had difficulties before an attacker took complete control of the governance by submitting a fraudulent proposal. An attacker gained 1.2 million votes for a fraudulent proposal at 3:25 PM ET on May 20. Because the proposition obtained over 700,000 valid votes, the attacker
May 21, 2023 2 mins read
LedgerX, one of the FTX assets that were court-approved for sale in January, has been acquired by the Miami International Securities Exchange (MIAX), operated by Miami International Holdings (MIH). U.S. government agencies oversee LedgerX since it is an exchange and clearinghouse. In a statement, MIH CEO Thomas Gallagher said that
May 20, 2023 1 min read
Governor Ridwan Kamil of the Indonesian province of West Java spoke about his support for Bitcoin in a recent fireside chat dubbed “The Indonesia Bitcoin Mining Campaign.” While stressing Indonesia’s attempts to adopt this digital asset, Governor Kamil gave a favorable assessment of the flagship cryptocurrency. Specifically, plans are in
May 20, 2023 1 min read
The bail clearance of prominent crypto entrepreneur Do Kwon and his colleague Han Chang-Joon has reportedly been challenged. This has been done at the basic court of Montenegro by the local prosecution team. Kwon’s legal team successfully petitioned the court for bail in the amount of almost 400k Euros (437k
May 19, 2023 1 min read
