Blockchain Financial News

State Street's former digital assets chief Nadine Chakar is joining crypto regulatory technology firm Securrency as it's new chief executive.

Ethereum layer-2 scaling platform StarkNet has overhauled its in-house Cairo coding language to make Web3 development accessible to developers.

In the third episode of Hashing It Out podcast series, Cointelegraph’s Elisha Owusu Akyaw discusses the future of noncustodial cryptocurrency wallets with Kosala Hemachandra, CEO of MyEtherWallet.

The FTX debacle has triggered a bank run on Silvergate, causing the company to sell off its assets at a loss and cut staff by 40% to cover $8.1 billion worth of customer withdrawals.

Many decentralized exchanges boast cross-chain capabilities, but in fact, the majority of them simply use bridging technology to perform swaps. To bring complete decentralization to crypto trading, one exchange has developed a fully cross-chain liquidity aggregation mechanic that does not rely on bridging.

Bitcoin, the most popular coin for novice traders and institutions alike, ranks first on the list. With a projected 86.3 million tons of CO2 emissions for 2022, a huge 431.6 million trees would need to be planted in order for Bitcoin’s annual CO2 emissions to be removed from the atmosphere.Previous research has suggested that the energy required for a bitcoin transaction could power a household for more than 70 days.Litecoin and Bitcoin Cash came second and third on the polluter list, with emissions from Cardono also climbing.Ethereum, by contrast, has managed to massively decrease its annual CO2 emissions by nearly 100% after moving to a proof-of-stake blockchain, meaning that its gas fees have been reduced significantly and its network has been able to process transactions a lot faster.In 2021, Ethereum created a huge 21.95 million tons of CO2.

YouTuber Logan Paul has threatened to sue fellow YouTuber and internet detective Coffeezilla for defamation after he accused Paul’s CryptoZoo nonfungible token (NFT) project of being a “scam.”

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Celebrities had a shaky year promoting crypto firms and projects throughout 2022. 

South Korean tech giant LG Electronics announced that it has teamed up with Oorbit, a cloud-based technology platform and PIXELYNX, a company building an integrated music, gaming, and Web3 ecosystem, to bring the metaverse directly into the living rooms of viewers.

Singapore-based decentralized finance (DeFi) services firm, Cake DeFi, has announced the release of its Proof of Reserves using the cryptographically-audited Merkle tree method. 

According to a blog post published on Jan. 4, Singapore-based cryptocurrency exchange MEXC announced that it would allocate $20 million to support developments on Sei Network. A layer one blockchain designed for trading, Sei Network's stated features include native order matching, frontrunning protection, smart block propagation, and 600 milisecond on-chain trade settlement. Leo Zhao, investment manager of MEXC Ventures, commented: 

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In a new technical paper, the researchers investigate how to bring the commonplace automatic recurring payment option to the world of crypto and blockchain.This, the paper says, "is not a trivial task on a blockchain like Ethereum", adding: "For self-custodial wallets where the user has sole control over the wallet and private keys, automated programmable payments that can pull payments automatically from a user’s account at recurring intervals requires engineering work."Visa's answer is a smart contract application that allows a user to set up a programmable payment instruction that can push funds automatically from one self-custodial wallet account to another at recurring intervals, without requiring the user's active participation each time. It relies on a concept known as “Account Abstraction” (AA) which makes user accounts on Ethereum function more like smart contracts by allowing a user to have programmable features embedded into their wallets.

According to Christian Seifert, an expert in cybersecurity, end users in the cryptocurrency space are facing numerous attacks that often go unreported. In order for widespread adoption to occur, it is necessary to address the security concerns of Web3 technologies and increase the trust of end users in these systems.

In the fall of 2008, with the US economy faltering, Warren Buffet went shopping. 

The Terra Luna price has barely shifted today, rising by 0.5% in the past 24 hours and reaching $1.33. This marks a 3% decline in a week and 20% fall in a month, with the altcoin settling into a bearish pattern that shows no obvious sign of ending in the near future.

Social media has infiltrated the everyday lives of a huge chunk of the global population. With media giants like Facebook and Twitter taking up a significant percentage of people’s time and attention, issues are not scarce. The main pain point stems from the exclusively centralized character of all these mega companies.

Uniswap’s recently launched bug bounty program has led to the discovery of a now-fixed vulnerability of the protocol’s Universal Router smart contract.

DNP3, a streamer and founder of several crypto projects like The charity-focused crypto CluCoin, The Goobers NFT and the metaverse platform Gridcraft Network has admitted to losing investor funds through gambling. 

The United States Attorney’s Office for the Southern District of New York (SDNY) has formed an FTX Task Force to “trace and recover” missing customer funds, as well as handle investigations and prosecutions related to the exchange’s collapse.