A Dutch court has sentenced Tornado Cash’s developer, Alexey Pertsev, to 64 months in jail. This decision stems from his role in $1.2 billion worth of money laundering. On May 14, the s-Hertogenbosch court handed down the ruling. The verdict against Tornado Cash’s developer represents a watershed point in the
May 14, 2024 2 mins read
One component of Nigeria’s economic reform package is a recommendation from the International Monetary Fund (IMF) to license international crypto exchanges. A recent report by the International Monetary Fund states that the goal of Nigeria’s effort to include crypto into its financial system is to solidify the country’s position in
May 10, 2024 1 min read
Binance and KuCoin recently completed registering with India’s Financial Intelligence Unit (FIU), which is a major step forward for the country’s cryptocurrency sector. This is a major milestone on the road to legalization and compliance with Indian regulations. Importantly, KuCoin has quickly paid a substantial fine of $41,000, allowing it
May 10, 2024 2 mins read
Chiliz, an industry-leading blockchain provider for sports and entertainment, and SBI Digital Asset Holdings Co., Ltd. (SBI DAH), the digital asset division of SBI Holdings, plan to form a Joint Venture (JV) in Japan. With this collaboration, Japanese sports fans will have unprecedented access to tokens from some of the world’s best
May 9, 2024 3 mins read
Sophon, the entertainment-focused zkSync Hyperchain, has successfully raised almost $60 million in less than a week from the start of their node sale. The Hyperchain modular blockchain architecture, developed by Matter Labs, the group that created zkSync—the first zk-rollup in the Ethereum Layer 2 space—is used by the blockchain. With
May 8, 2024 3 mins read
The world’s first Ethereum-compatible and quantum-resistant blockchain testnet has been launched by QANplatform, enabling developers to code smart contracts in any programming language. This testnet’s launch comes after a member state of the European Union successfully implemented QANplatform’s quantum-resistant technology. The new QAN TestNet, which is a forerunner to the QAN MainNet
May 7, 2024 2 mins read
A leader in blockchain privacy technology, Silent Protocol has announced the launch of the innovative modular Layer 1.5, called Ghost Layer, for the Ethereum ecosystem. This new method is designed to provide public blockchains compliant privacy improvements that are suitable for institutional and retail use. The Ghost Layer combines its
May 7, 2024 2 mins read
Yoav Weiss, an Ethereum (ETH) developer, has detailed the Ethereum team’s goal of improving smart contract interactions with dApps via the creation of a standard called ERC-4337. This standard makes it possible for Ethereum smart contract crypto wallets to function, whereby smart contracts, rather than externally owned accounts (EOAs), manage
May 5, 2024 2 mins read
The devastating revelation of a massive data breach has shocked the world-renowned crypto exchange Bitfinex. A breach involving 2.5 terabytes of data has reportedly occurred, exposing sensitive information belonging to almost 400,000 consumers. Because of the previous attack, people are understandably worried about the safety of their accounts and funds,
May 5, 2024 2 mins read
A possible collaboration arrangement between Cardano and BitcoinCash has been hinted at by Charles Hoskinson, the founder of Cardano. He asked his followers on X to weigh in on the potential partnership via a fictitious poll. To become the quickest and most useful proof of work chain ever developed, Hoskinson
May 5, 2024 2 mins read