For the EigenDA data-availability service on the Ethereum mainnet, EigenLayer has implemented a whitelist security feature to protect it against Sybil and distributed denial of service attacks. This layer of protection may take the form of an ECDSA authentication using either an IP address or an Ethereum address. The security
The future of Web3 and the growth of the virtual assets sector is being discussed thematically, and members of the Hong Kong Legislative Council, such as Johnny NG Kit-Chong, are currently seeking industry views in order to make legislative suggestions. The Legislative Council has reportedly formed a subcommittee. This is
This is not the first time the Blockchain Association has voiced its disapproval of the IRS’s proposed broker-dealer regulations. This time, the group is concentrating on the unfair burden that these regulations would place on cryptocurrency businesses, investors, and the IRS. The Association’s letter referenced the Paperwork Reduction Act, which
Regulators in Nigeria have updated their policies on the issuance, offering, exchange, and custody of digital assets. The SEC announced its intention to revise these important rules in a public notice. A more thorough and adaptable regulatory framework, more suited to the intricacies of digital asset markets, is the goal
The crypto market witnessed a major milestone as the leading banking institution, the Standard Chartered Bank, announced the launch of a trading desk for spot Bitcoin (BTC) and Ethereum (ETH). Two insiders have confirmed that the trading desk will operate from London, as reported by Bloomberg Spot cryptocurrencies including BTC
In a concerning repeat of past events, a wallet labeled “Fake_Phishing189983” has transferred 600,000 USDC to the cryptocurrency exchange Bybit. This same wallet fell victim to a phishing attack 62 days ago, resulting in the loss of $1.58 million, also sent to Bybit. The recurrence of such incidents highlights the
In a letter sent to the United States Internal Revenue Service (IRS), blockchain development company Consensys asked for a postponement of the planned tax legislation. That would have exchanges and brokers report specific cryptocurrency sales. The letter stated: “We must echo our overarching concern … that certain aspects of the
In what would supposedly be the first of its kind in North America, digital asset manager 3iQ has applied to have its Solana exchange-traded product listed on the Toronto Stock Exchange (TSE) in Canada. Following an initial public offering, 3iQ informed X on June 20 that they had filed a
The founders of the crypto exchange Gemini, have contributed 30.94 BTC worth $2 million to Presidential candidate Donald Trump’s campaign. Winklevoss twins —Tyler and Cameron — are optimistic about Trump’s pro-crypto stance putting “an end to the Biden Administration’s war on crypto.” In his X post, Tyler Winklevoss criticized President
Ripple Labs, a subsidiary of Ripple, witnesses a securities case filed against the company in California. The new lawsuit targets Ripple CEO, Brad Garlinghouse alleging him of ‘misleading statements’ in a 2017 interview regarding XRP’s designation as a security. The cryptocurrency firm recently celebrated a partial win against the SEC
