Worldcoin clarifies legality issues following Spain’s ban

Worldcoin has publicly recently reaffirmed the legality of its operations across the globe amid rising regulatory concerns that have led some countries to halt its operations in their jurisdictions. The public declaration comes in the wake of a recent decision by Spain’s National Securities Market Commission (CNMV) to prohibit the startup’s activities within the country.… Continue reading Worldcoin clarifies legality issues following Spain’s ban

USDM emerges as Cardano inaugural fiat-anchored stablecoin in a buoyant market

The Cardano blockchain has welcomed its first fiat-backed stablecoin with the introduction of the USDM by Mehen Finance on March 17. According to the project: “USDM will slowly be arriving on-chain the week of the 18th.” The launch of this stablecoin comes almost two years after the release of its white paper . Matthew Plomin,… Continue reading USDM emerges as Cardano inaugural fiat-anchored stablecoin in a buoyant market

Solana establishes new all-time high against Ethereum with robust DEX trading activity

Solana’s SOL has surged to a new all-time high of 0.05797 against Ethereum , according to Tradingview data . This price performance follows its recent surge above the $200 mark for the first time since November 2021, coinciding with the blockchain record-breaking network activity. The price uptick has propelled Solana’s market capitalization to an unprecedented… Continue reading Solana establishes new all-time high against Ethereum with robust DEX trading activity

Hackers like Lazarus continue to use Tornado Cash despite US sanctions

Blockchain analytics firm Elliptic revealed that the North Korea-backed hacker group Lazarus is once again using sanctioned crypto mixer Tornado Cash to obfuscate its transactions. Last year, the group ceased using the crypto mixer after US government sanctions , which were imposed due to allegations of aiding criminals in laundering illegally obtained digital assets. Following… Continue reading Hackers like Lazarus continue to use Tornado Cash despite US sanctions

Trail of Bits completes Worldcoin security audits, finds no vulnerabilities

Cybersecurity firm Trail of Bits has concluded the audit of Worldcoin’s ORB technology and found that it adheres to stringent privacy protocols, particularly in how it processes and stores personally identifiable information (PII). The full report was released on March 13 and revealed that there are no vulnerabilities in the ORB software and validated many… Continue reading Trail of Bits completes Worldcoin security audits, finds no vulnerabilities

Zero Knowledge protocol Polyhedra Network valued at $1 billion despite recent token theft

Polyhedra Network, the zero-knowledge protocol zkBridge developer, became the latest crypto company to reach unicorn status after it raised $20 million in a funding round that valued it at $1 billion, according to a Mar. 14 statement shared with CryptoSlate. This development occurred less than a day after the project experienced a breach that allowed… Continue reading Zero Knowledge protocol Polyhedra Network valued at $1 billion despite recent token theft

AI crypto market cap doubles to $25 billion in 20 days

The AI crypto sector’s combined market cap has more than doubled to $25.1 billion in less than a month as the world remains engrossed in developments in AI technology, according to CryptoSlate data. Overall, the market has increased roughly 150% from $9.64 billion on Feb. 16. The sector has also seen short-term growth, with gains… Continue reading AI crypto market cap doubles to $25 billion in 20 days

Uzbekistan taps Tether to boost crypto, blockchain development and regulation

Stablecoin issuer Tether Limited has entered a Memorandum of Understanding (MOU) with the Republic of Uzbekistan’s National Agency of Perspective Projects (NAPP) to develop a regulatory and legal framework for digital assets in the country, according to a March 7 press release . NAPP is the primary government agency overseeing crypto regulation and development, according… Continue reading Uzbekistan taps Tether to boost crypto, blockchain development and regulation

MicroStrategy is reportedly creating an enterprise software product focused on Bitcoin

Enterprise business analytics maker MicroStrategy is reportedly building a software product focused on corporate Bitcoin strategies, two recent job postings suggested. The firm had previously picked up over $1.5 billion worth of Bitcoin in 2020—and now spends significant efforts in evangelizing the rising asset class. MicroStrategy is building its first #Bitcoin software product, focused on… Continue reading MicroStrategy is reportedly creating an enterprise software product focused on Bitcoin

Synthetix (SNX) ‘Bellatrix’ update makes “shorting” easy for DeFi users

Yesterday saw the launch of an easy “shorting” provision for users of the DeFi app, shooting the prices of its token by 11%. You can now short on Synthetix Decentralized finance app Synthetix (SNX) saw the deployment of the “Bellatrix” update yesterday, as per a release. The update opens up newer on-chain capabilities for users.… Continue reading Synthetix (SNX) ‘Bellatrix’ update makes “shorting” easy for DeFi users