Tag: blockchain

The authorities claimed the exchanges allowed cybercriminals to flout anti-money laundering measures. Nine digital currency exchanges allegedly aiding and abetting cybercriminals had their domains seized by the United States Federal Bureau of Investigation (FBI) and Ukrainian law enforcement. According to a May 1 press release, the FBI’s Detroit Field Office and the National Police of Ukraine…

International Monetary Fund Managing Director Kristalina Georgieva says that wholesale CBDCs, on the other hand, have “fairly little space for undesirable surprises.” A myriad of unforeseeable “consequences” will be brought about by retail central bank digital currencies (CBDCs), the managing director of the International Monetary Fund has claimed. The IMF’s Kristalina Georgieva erred on the…

Starknet makes performance improvements a top priority in 2023, aiming to increase throughput, lower latency and reduce transaction costs. Layer-2 blockchain protocols have been in the spotlight in 2023, bringing major performance improvements to a variety of platforms and services operating in the Ethereum ecosystem. Zero-knowledge (ZK) proofs have been key in the roll-out of a variety…

Block has completed the design of its new prototype ASIC chip that it says will fast-track its plan to bring an “open source” Bitcoin mining rig design to market. Block, the financial services and technology company owned by former Twitter CEO Jack Dorsey, has announced it has completed the prototype design of its new five-nanometre…

As the crypto industry relies on centralized exchanges, blockchain projects are exploring the benefits of DEX integration to regain control of their native tokens. Cryptocurrency exchanges have been instrumental in the adoption of blockchain technology, but the industry has become too dependent on them. Today, the crypto industry is still geared toward exchanges and traders…

Mastercard’s new solution revolves around providing “secure transactions between users, verified according to standards” set by the company. Global financial services giant Mastercard has launched a new Web3 solution aimed at enhancing user verification standards and “reducing the opportunities for bad actors” in the digital asset space. The solution is dubbed the “Mastercard Crypto Credential”…