A significant crypto transfer orchestrated by Inferno Drainer, a notorious scam-as-a-service platform, has rekindled serious concerns within the crypto community about the potential for further illicit activities. The platform moved 1,600 ETH, approximately valued at $5.29 million, to new addresses, according to reports by Scam Sniffer, a Web 3.0 anti-scam security platform. This activity has reignited fears due to Inferno
The significant rise in crypto venture capital investments is exemplified by the ambitious fundraising efforts of the Anoma Foundation, a leading name in privacy-preserving blockchain infrastructure. Anoma is currently negotiating a $40 million funding round, which could potentially bring the company’s valuation to an impressive $1 billion. This substantial fundraising aligns seamlessly with a broader industry trend, as global digital
The Alabama Blockchain Study Commission held its inaugural meeting on July 31, 2024. Established through a joint resolution earlier in the year, the commission’s goal is to explore how Alabama can best use and regulate blockchain technology—the secure public ledger system behind cryptocurrencies like Bitcoin. Despite blockchain’s promise for enhanced security, it currently faces a lack of regulation compared to
The Binance Labs Incubation Program, the venture capital arm of Binance, has recently commenced its seventh season, aiming to support early-stage Web3 projects across various sectors such as infrastructure, DeFi, and the application layer. By offering one-on-one mentoring and extensive resources within the Binance ecosystem, the program seeks to catalyze groundbreaking solutions that could redefine the blockchain and cryptocurrency landscape.
In a strategic move designed to enhance user experience within The Open Network (TON) ecosystem, Tonkeeper, a renowned digital wallet provider, has partnered with Mercuryo Pro, a leading cryptocurrency payment service based in London. This collaboration aims to significantly raise the purchase limits for digital assets, allowing users to buy up to €50,000 or more in a single transaction. Historically,
In a significant development within the crypto gaming world, Hamster Kombat has announced a delay in the anticipated launch and airdrop of its HMSTR token, originally scheduled for the end of July on the TON blockchain. The postponement is attributed to technical challenges, emphasizing the complexities and meticulous efforts involved in executing large-scale blockchain initiatives. Despite this setback, the team
Bitcoin Cash (BCH) has recently emerged as a focal point in the cryptocurrency market, driven by its breakout from an inverse head-and-shoulders pattern—a technical indicator often linked to upward price movements. On July 29, BCH experienced a 13% surge, elevating its price to around $451 and its market cap to $8.75 billion, making it the top performer among the leading
In a groundbreaking collaboration, Crystal Blockchain has partnered with the European Central Bank (ECB) to refine and strengthen its monitoring and regulatory capabilities within the digital asset market. This alliance comes at a crucial juncture as the European Union pushes forward with new regulatory frameworks aimed at the crypto-asset market. By enhancing the ECB’s abilities in data analytics and market
eDataNetworks Inc., a pioneer in digital commerce and community support, has recently secured significant patents from the United States Patent and Trademark Office (USPTO). These patents play a crucial role in advancing the company’s blockchain and micro-donation technologies. The secured patents, namely 18/110,726 and 18/143,842, bolster eDataNetworks’ intellectual property portfolio and symbolize a pivotal step in integrating digital commerce with
Founded by Ben Leventhal, who previously created Resy and Eater, Blackbird represents a remarkable innovation in the restaurant payment landscape. The launch of Blackbird Pay, a new blockchain-based payment platform, is specifically aimed at the restaurant industry and promises to streamline payment processes while significantly enhancing cost-effectiveness. By focusing on reducing transaction fees, improving customer loyalty programs, and ensuring seamless
Ripple, a pioneer in enterprise blockchain and cryptocurrency solutions, and the National Federation of Associations of Central Bank Servers (Fenasbac), a significant entity in Brazil’s financial sector, have recently announced a groundbreaking partnership. This collaboration aims to accelerate fintech innovation in Brazil through the Next accelerator program. Leveraging Ripple’s XRP Ledger, this initiative seeks to provide early-stage fintech startups with
The upcoming token unlock events in August 2024 are set to create ripples across the cryptocurrency market, eliciting both curiosity and concern from investors. Among these forthcoming events, Ripple’s longstanding practice since 2017 of issuing 1 billion XRP tokens every month stands out. This initiative, aimed at fortifying transparency and reliability within the XRP ecosystem, is set to continue with
