Andre Cronje has little good to say about crypto tokens. This summer, when every decentralized finance (DeFi) startup on Ethereum started goosing their growth with “governance” tokens, Yearn Finance‘s creator, Andre Cronje, dropped a growth token on it without reserving any of them for himself.This article is part of...
Ethereum 2.0 hit a major milestone as its “Beacon Chain” went live. Libra “seizes the day” and rebrands to Diem. Google searches for “bitcoin” have doubled since last month. Top shelfCoinbase <> MicroStrategyMicroStrategy has revealed Coinbase as the platform that executed its $425 million BTC buy that thrust MicroStrategy...
Fourteen operators of the giant PlusToken scam have been sentenced in China to up to 11 years in prison.
South Korea-based exchange Upbit has announced a limited cryptocurrency withdrawal delay in an effort to protect user accounts from malicious attacks. Scheduled to take effect on Nov. 28, the new restriction will only allow users to withdraw digital assets equal in value to the total of Korean won...
Twitter has hired a new head of security four months after suffering one of the worst breaches in its 14-year history.As reported by Reuters on Monday, Peiter Zatko, a prominent white-hat hacker going by the handle “Mudge,” said he will take charge of security, site integrity and engineering...
When it comes to regulation and necessities like banking, crypto entrepreneurs haven’t always had the easiest time. Recently, I’ve discovered some of my crypto clients are having trouble obtaining an important business planning tool: directors and officers (D&O) liability insurance. In my opinion, as I’ll explain, a combination of...
Since 2011, $7.6 billion worth of cryptocurrencies have been stolen, according to a new report from Amsterdam-based blockchain analytics firm Crystal Blockchain. The total figure breaks down into two sadly predictable buckets – hacks and scams. The report found that $2.8 billion was stolen through security breaches, the most popular...
U.S. federal prosecutors are seeking a substantial prison sentence for Robert Farkas, one of the co-founders of crypto project Centra Tech, which garnered multiple celebrity endorsements for its initial coin offering (ICO) in 2017. Farkas later pleaded guilty to fraud. In a sentencing submission filed with the U.S. District...
Predictive markets rollicked with U.S. ballot counting. Two more crypto payments cards are expected to market. Nearly $1 billion worth of BTC moved from a long-dormant wallet potentially connected with the shuttered Silk Road exchange. Top shelfStaking beginsEthereum 2.0’s deposit contract is now live, as of 15:00 UTC. According...
Bitcoin (BTC) was lower, searching for direction as uncertainty over U.S. election results hung over global markets. Prices were down about 2.2% to about $13,700, staying roughly in their range over the past week. With major states yet to be called in the U.S. presidential race and Republican incumbent...