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A court-ordered liquidation process allows FTX to sell nearly $3.4 billion worth of crypto assets in weekly batches starting from $50 million a week. The crypto wallet s linked to now-defunct crypto exchange FTX and its sister trading firm Alameda Research have sent over $13 million in different altcoins to numerous crypto exchanges early on Nov. 1. According to data from on-chain analysis firm Spotonchain, the FTX wallet first transferred $8.12 million worth of altcoins to Coinbase. The assets include 46.5 million GRT ($4.85 million), 972,073 RNDR ($2.3 million), and 708.1 MKR ($967,000). FTX and Alameda linked crypto deposit on Coinbase. Source: SOC The wallet addresses of FTX and Alameda Research made another $5.49 million transfer after three hours to Binance and Coinbase. The top 3 assets with the highest value in this transaction include 1.14 million DYDX ($2.64 million), 192,888 AXS ($1.05 million), and 5,858 AAVE ($522,000). #FTX and #Alameda Research further deposited...

The blockchain security firm will look to support open-source projects building security and privacy tools and services for Web3. Blockchain privacy firm Nym Technologies has launch ed a $300 million funding program aimed at providing capital to projects building security-focused infrastructure . The Nym Innovation Fund will draw capital from venture capitalist investors including Polychain, KR1, Huobi Incubator and Eden Block and will focus on supporting projects building Web3 privacy-focused tools and services. Nym Technologies CEO and co-founder Harry Halpin said that privacy remains a central cog in ensuring that a decentralized internet remains resistant to censorship and avoids the pitfalls of Web2: “This programme will ensure the health of the privacy ecosystem but it will also advance the Web3 industry as a whole, providing mentorship and funding during this difficult macroeconomic climate.” Halpin told Cointelegraph that prospective projects that apply for funding could recei...

The SEC has already dismissed charges against Ripple CEO Brad Garlinghouse and executive chair Chris Larsen, while the retail XRP sale ruling also went against the regulator. The United States Securities and Exchange Commission (SEC) has a very slim chance of winning the appeal against Ripple in the ongoing lawsuit, according to lawyer Bill Morgan, who has been closely following the lawsuit. Morgan in a post on X (formerly Twitter) argued that there is no obvious appellable error other than in “Ripple’s favour regarding ODL sales which don’t meet at least two prongs of the Howey test,” while adding there is a very slim chance of about 3% for SEC’s success in getting an appeal against Ripple. I don’t see any obvious appellable error other than in Ripple’s favor in respect of ODL sales which don’t meet at least two prongs of the Howey test. The SEC’s prospects of success on appeal are very slim and I feel generous today so I am giving it 3% chance of success on appeal https://t.co/FR...

SEGA’s co-COO Shuji Utsumi and Double Jump Tokyo CEO Hironobu Ueno expect a future where blockchain technology is prevalent across the gaming industry. In a recent interview with Japanese publication Dengeki Online, Utsumi and Ueno gave their collective insights into the progress of the highly anticipated game, Battle of Three Kingdoms, which integrates non-fungible tokens (NFTs) into its gameplay. Dengeki Online (@dengekionline) just released an article with DJT CEO Ueno (@h2ueno) and SEGA’s Co-COO Mr. Utsumi discussing 'The Battle of Three Kingdoms,' an exciting blockchain game featuring SEGA's 'Sangokushi Taisen' IP! https://t.co/g3ybIG8ljZ#BattleofThreeKingdoms #B3K — Battle of Three Kingdoms（三国志大戦B3K） (@b3k_games) October 10, 2023 Both Utsumi and Ueno acknowledged the potential for blockchain technology to revolutionize the gaming industry. While Ueno detailed how the complexity of blockchain technology has made early adoption a challenge, he al...

The FAB pilot follows Bank ABC’s in Bahrain. JPMorgan also just launched its Tokenization Collateral Network on Onyx. JPMorgan’s Onyx Coin Systems has scored another win in the Middle East with the completion of a blockchain-based cross-border payments pilot project with First Abu Dhabi Bank (FAB). The pilot phase was “executed seamlessly with satisfactory response times,” according to a statement.  The FAB pilot wound up weeks after a similar test in Bahrain, where Bank ABC had been testing the Onyx system and proceeded to a limited launch of services. FAB said it was continuing to explore the opportunities the system offers. JPMorgan’s permissioned distributed ledger was launched in 2020 and has been gaining momentum in recent months. JP Morgan Onyx Digital Assets & Blockchain head Tyrone Lobban said earlier this month the platform currently processes between $1 billion and $2 billion a day. FAB Bank completes blockchain # payments pilot with J.P. Morgan:#UAE First Abu Dhabi B...

Hong Kong has allowed retail crypto trading since June. Just 47% of retail crypto investors in Hong Kong are aware of the Virtual Asset Trading Platform Regulatory Regime, a legislation which went into effect this June to protect the interest of retail investors in digital assets in the region. That's according to an October 11 report by the The Investor and Financial Education Council (IFEC) of Hong Kong. In its survey, the IFEC noted that nearly 25% of Hong Kong adults ages 18 to 29 have invested in crypto within the past year, three times the demographic average and a significant increase over 2019, where just 3% of respondents in the said demographic reported investing in crypto .  Despite the improvement in adoption, most Hong Kong-ers said that their top investment preferences were stocks (96%), mutual funds and trusts (24%), followed by bonds (18%). Around three-quarters of overall respondents said the primary goal of investing in crypto was for "short-term pr...

Before it was taken down, Ordswap users said the compromised website directed users to a phishing link. Ordswap, a marketplace that allows users to inscribe, auction, and trade Bitcoin Ordinals, has devised a method for users to retrieve their private keys as it scrambles to regain control of its website domain. In an Oct. 10 X (Twitter) post, the Ordswap X account shared an online tool that purports to help users who logged into the site through MetaMask to recover their Ordswap private keys, allowing them to move to other providers. Source for metamask users to obtain key is now available below. You are able to import(hex) to Unisat. https://t.co/oETb7h7sA0 https://t.co/NGaaLiNNwW — Ordswap (@ordswap) October 10, 2023 Hours earlier, on Oct. 9, Ordswap posted a stark warning to users not to connect to its domain as it was not in control of it. It pinned the issue on Netlify — a website development and hosting firm. We are working on publishing source for metamask users to o...

Can developments in computing help fix blockchain gaming’s quality problem? Decentralized applications (DApps), including apps for gaming, have gained traction for their transparency, security and user asset ownership. However, delivering high-quality AAA gaming experiences through DApps presents challenges. Existing 2D gaming DApps operate on blockchain networks using smart contracts for asset management. While they’re favored for their simple mechanics and resource efficiency, their limitations become evident as the complexity of the gaming experience increases. Scalability is a primary hurdle for traditional blockchains like Ethereum, impacting real-time interactive gaming due to constraints surrounding transaction throughput and latency. Performance is also an issue. AAA games require high-performance computing and superior graphics rendering. Yet, existing DApps struggle to meet these demands, resulting in subpar visual experiences. Moreover, developing AAA gaming DApps is costl...

Zilliqa, a layer-1 block chain , and GMEX Group have launched ZERO13, a carbon offset platform for users to act against climate change and engage with corporate environmental initiatives. ZERO13 will leverage Zilliqa to issue tokens that represent carbon credits.  When customers buy goods or services from Zilliqa’s partners, they’ll get tokens to support environmental projects and offset their carbon footprint. GMEX Group will carefully choose and verify these projects to ensure they positively impact the planet. You might also like: Zilliqa jumps 5% amid Google Cloud ‘strategic alliance’ ZERO13 is tapping into the blockchain to offer customers a transparent and secure real-time platform to monitor and offset their carbon emissions.  The platform will also establish a new market for carbon credits that allows customers to trade or donate them to their preferred environmental causes. This circular economy will inspire customers to decrease th...

A major update proposed by Horizen Labs is set to remove shielded transactions from the blockchain network. Horizen, a layer-0 blockchain network, will undergo a scheduled hard fork to remove privacy Features on Sept. 26. According to Horizen’s announcement on X, the latest deprecation has been completed, which means the mainnet is set to remove shielded transactions with the ZEN 4.1.0 update, which will occur at block #1426200 (Sept. 26, 2023). You might also like: Horizen unveils $75k bug bounty program for its sidechain launch The proposal ZenIP-42204 was first introduced by Horizen Labs on GitHub in April 2023. According to Ben Pittman, a senior software engineer at Horizen Labs, the upgrade is needed because shielded transactions make up a “very small percentage of transactions .” Horizen has faced challenges on crypto exchanges due to this feature. “Ultimately Horizen’s vision, that has emerged over several years, relies on a simp...

The upcoming framework will affect users in several countries by automatically exchanging information about crypto transactions between jurisdictions on an annual basis. Leaders of the 20 biggest economies in the world — collectively known as G20 — are pushing for a speedy implementation of a cross-border framework for crypto assets.  According to local reports in New Delhi — where the group members are attending for a two-day summit — the framework will facilitate information exchange between countries beginning in 2027. “We call for the swift implementation of the Crypto-Asset Reporting Framework (CARF) and amendments to the CRS [Common Reporting Standard]. We ask the Global Forum on Transparency and Exchange of Information for Tax Purposes to identify an appropriate and coordinated timeline to commence exchanges by relevant jurisdictions,” noted a consensus declaration signed by G20 leaders. Several countries would be affected by the upcoming framework , including Argentina, Aus...

Orbital, ZTX, Stroom Network, unshETH and Fxhash highlight the latest funding deals from the world of crypto and blockchain. The sharp increase in global interest rates may have limited investors’ appetite for crypto ventures, but new projects are still flourishing and attracting capital to speed up growth. Data from the Cointelegraph Research Venture Capital Database shows June closed out with a 29.73% decrease in venture capital investments, with just $779.32 million secured in 62 deals, compared to June 2022. However, the overall trend for the year shows a rise in venture capital deals. Cointelegraph’s VC roundup highlights the latest projects striving in this complex and competitive environment. Orbital raises $6.4M to expand enterprise blockchain services Enterprise crypto platform Orbital raised $6.4 million (5 million euros) in a funding round led by venture firm Golden Record Ventures. Additional investors included New Form Capital, GSRV and Luminous Futures. The funding will...

Worldcoin could make it easier to create digital identities for people worldwide. And even if it fails, more projects like it are coming. All eyes have been on Worldcoin (WLD) since the July 24 launch of its “World ID” system. The issues associated with the launch have been well reported at this juncture. They include possible onboarding security risks along with Worldcoin’s use of biometric data, which is now under investigation by governments in several countries — including the United Kingdom, France and Argentina. In the tech industry, where many of the most significant innovations of the past few decades have occurred, there is often a tension between the drive to innovate and the need to consider ethical implications. As technologies like machine learning, facial recognition and big data analytics become more advanced, the ethical stakes also rise. In some cases, criticism from external analysts, journalists or ethicists can actually lead to positive outcomes by encouraging comp...

Musk's statement, "He is a very promising candidate," piqued curiosity about Ramaswamy's candidacy and his stance on cryptocurrencies. Entrepreneur and Tesla CEO Elon Musk has thrown his support behind Vivek Ramaswamy, a young and emerging United States Republican presidential candidate . Musk responded to a post of the presidential candidate ’s interview on Tucker Carlson's digital program, a video snippet of Ramaswamy circulating on social platforms with the text, "Vivek Ramaswamy is the youngest-ever Republican presidential candidate ." Musk's statement, "He is a very promising candidate ," piqued curiosity about Ramaswamy's candid acy and his stance on crypto currencies. Renowned for his candid opinions on digital finance and cryptocurrencies, Ramaswamy has pushed for a stronger crypto environment within the United States. At the Bitcoin 2023 conference in Miami, he revealed his campaign's willingness to receive Bitcoin cont...

According to Olga Skorobogatova, First Deputy Governor of the Bank of Russia, initiating pilot operations using genuine digital rubles represents a pivotal phase within the project. The Bank of Russia (BoR) has revealed that it will begin testing operations for Russia’s central bank digital currency (CBDC) project with digital rubles. The test will begin on August 15.  A statement released by the Bank of Russia indicates that the pilot tests will involve the participation of 13 banks and a restricted group of their clients. According to Olga Skorobogatova, First Deputy Governor of the Bank of Russia, initiating pilot operations using genuine digital rubles represents a pivotal phase within the project. This step facilitates the examination of the digital ruble platform's functionality within an industrial context, the refinement of essential procedures in collaboration with clients, potential process adjustments and the assurance of a user-friendly and comprehensible client ex...

Kusama responded to Coinbase’s CEO, Brian Armstrong's update with the statement, "If it isn't a shadowcat, it's a copycat." Shytoshi Kusama, the lead developer of Shiba Inu, has given a response to Coinbase's Onchain Summer campaign . He suggested that Coinbase's campaign seemed to have similarities with the ideas originally presented by the Shiba Inu community. Kusama responded to Coinbase’s CEO, Brian Armstrong's update with the statement, "If it isn't a shadowcat, it's a copycat." On August 3, Armstrong showcased in a tweet the use of the Base bridge, launched the previous day, while highlighting Coinbase's upcoming Onchain Summer initiative. Coinbase is preparing to launch its Ethereum Layer 2 solution, known as Base, on the mainnet. Armstrong recently confirmed that Base is aimed at bringing the next billion users into the blockchain ecosystem. It aims to achieve this goal by offering tools for the development of various W...

Flare has partnered with FlareDashboard, a community-managed database and dashboard providing data insights on Flare and Songbird infrastructure providers, enabling users to make informed decisions, per a press release on July 14.  Flare and FlareDashboard partner Flare aims to enhance transparency in its ecosystem by gaining valuable insights into the independent network infrastructure contributors who support its decentralized operations. Public platforms like Flare depend on a community of developers and other supporters. This compliance is part of the blockchain’s underlining principles of community and openness. Read more: Flare brings blockchain API to Google Cloud Marketplace Initially, Flare will prioritize data providers for Flare Time Series Oracle (FTSO), which offers decentralized price feed data to the network. The collaboration will gradually expand to include all infrastructure participants, validators, and State Connector attestation providers....

Artificial intelligence has proven effective at identifying security vulnerabilities, but early tests indicate it won’t be able to replace humans for a while. While artificial intelligence (AI) has already transformed a myriad of industries, from healthcare and automotive to marketing and finance, its potential is now being put to the test in one of the blockchain industry’s most crucial areas — smart contract security. Numerous tests have shown great potential for AI-based blockchain audits, but this nascent tech still lacks some important qualities inherent to human professionals — intuition, nuanced judgment and subject expertise. My own organization, OpenZeppelin, recently conducted a series of experiments highlighting the value of AI in detecting vulnerabilities. This was done using OpenAI’s latest GPT-4 model to identify security issues in Solidity smart contracts. The code being tested comes from the Ethernaut smart contract hacking web game — designed to help auditors learn ho...

The network previously allowed users to post on-chain messages but only in an unencrypted, completely public way. The Open Network (TON) has released an on-chain encrypted messaging feature, according to a July 3 announcement from the network’s developer, TON Foundation. The new feature allows for private messages to be sent between TON users.  TON Foundation Introduces Encrypted Transaction Messageshttps://t.co/HXKtk0gxKC pic.twitter.com/0z1z4E5ku1 — TON (@ton_blockchain) July 3, 2023 TON is a blockchain network forked from code created by the Telegram instant messaging app team. Telegram abandoned the project in July 2020, before a mainnet was ever launched. However, it open-sourced TON’s code before leaving, allowing others to continue building upon the work it had done. The current network, called “TON,” was built by the TON Foundation. The foundation claims that the network provides greater scalability and transaction throughput than other options in the Web3 ecosystem while...