The United States Treasury Department has added three Ethereum wallet addresses to sanctions allegedly linked to the hacker group responsible for the theft of more than $600 million in crypto from nonfungible token game Axie Infinity’s Ronin sidechain. In a Friday update, the Treasury Department’s Office of Foreign Assets Control, or OFAC, listed three Ethereum addresses to its Specially Designated Nationals restrictions for North Korea’s Lazarus Group. U.S. authorities, including the Federal Bureau of Investigation and the Cybersecurity and Infrastructure Security Agency, have targeted the group over its alleged role in taking more than 173,600 Ether (ETH) and 25.5 million …
Activity on the Cardano blockchain is starting to heat up, with 400 new projects in the works along with 100,000 new wallets being created over the past month. According to a Tuesday Twitter post from Cardano creators Input Output (IOHK), there are nearly 900 projects in development on the network. The figure has grown by roughly 400 since March 11, after IOHK Vice President Tim Harrison stated that the total stood at around 500 via Linkedin post. As of today, nearly 900 projects are #BuildingOnCardano⚒️ And this number goes up day by day. Keeping track of all the news from …
Opera released a beta version of its Web3 browser with a built-in crypto wallet on Friday for iOS devices, iPhone and iPad. Opera's Crypto Browser has been available for Mac and Windows desktop users, as well as Android mobile users since January. The mobile release is the latest step in its Crypto Browser Project, a Web3-focused initiative for facilitating navigation across decentralized applications (DApp), games and metaverse platforms. According to the company, the main features includes the Opera Wallet with support for the Ethereum, Polygon, and Celo ecosystems to buy, sell and transfer tokens. Users can also restore any Ethereum …
Cointelegraph’s Joseph Hall sat down with Silvio Micali, founder of Algorand, as part of its on-the-ground coverage of Paris Blockchain Week Summit. Algorand is a blockchain that uses a pure proof-of-stake (PPoS) protocol, and the company was one of the main sponsors of the summit. Micali started by explaining that the blockchain trilemma — which claims that no blockchain can be both secure, scalable and decentralized — is false. He affirmed that Algorand is actively working to solve this so-called trilemma by pushing the limits of scalability via its PPoS algorithm. With Ethereum set to transition from proof-of-work to proof-of-stake …
The European Parliament’s Committee on Economic and Monetary Affairs recently approved a draft of its comprehensive Markets in Crypto Assets, or MiCA, crypto regulation package. The new framework covers a wide range of crypto-related subjects, such as the status of all major currencies and stablecoins and the regulation of crypto mining and exchange platforms. Stefan Berger, a member of the Christian Democratic Union (CDU), is the Parliament’s rapporteur for the upcoming MiCA regulation — the person appointed to report on proceedings related to the bill. In the associated negotiations, the German politician vehemently opposed, among other things, a ban on …
Decentralized finance (DeFi) wallet and browser extension MetaMask formed a new strategic partnership with three major crypto custodians; Gnosis Safe, Hex Trust, GK8, and Parfin. MetaMask Institutional (MMI), the institutional version of the popular Ethereum wallet MetaMask, announced on Wednesday that the new integration will provide decentralized autonomous organizations (DAOs) with key management tools to participate in DeFi activities. DAOs are organizations controlled by computer code and have no top-down authority, and they've been gaining popularity as a fundraising mechanism and administration tool for cryptocurrency projects. According to the announcement, MMI provides institutions with access to DeFi and Web3 while …
Cryptocurrency and stock trading app Robinhood will roll out its digital wallet feature for 2 million additional users. In a Thursday announcement at the Bitcoin 2022 conference in Miami, Robinhood chief product officer Aparna Chennapragada said eligible customers which had been on the waitlist for the digital wallet could now send and receive cryptocurrencies — more than two million people. In addition, the platform is planning to integrate the Bitcoin Lightning Network to reduce the time and cost of transactions as well as their carbon footprint. Super pumped to announce on the #Bitcoin2022 stage that @RobinhoodApp has rolled out wallets …
Last week, the European Parliament’s Committee on Economic and Monetary Affairs (ECON) and the Committee on Civil Liberties, Justice and Home Affairs (LIBE) voted in favor of a regulatory update that could compromise the exchange platforms’ ability to deal with noncustodial crypto wallets. Should the regulatory project make it to the legislation phase in the upcoming months, it would place severe disclosure requirements on transactions between noncustodial wallets and crypto exchanges in the European Union — a process whose signs are visible in other parts of the globe as well. What happened On Thursday, March 31, ECON and LIBE members …
Ledger, a major supplier of hardware wallets designed for secure storage of cryptocurrencies like Bitcoin (BTC), is launching a brand new wallet specializing in nonfungible tokens (NFTs). The new product, called Ledger Nano S Plus, is the next generation to the original Nano iteration released in 2016, and is designed with NFT collectors' needs in mind, Ledger announced to Cointelegraph on Tuesday. The new Ledger Nano S Plus is the sixth hardware wallet produced by Ledger since the company introduced its first wallet HW1 back in 2015, the company’s chief experience officer Ian Rogers told Cointelegraph. The product is also …
The European Parliament continued to keep crypto users and advocates at the edge of their seats last week as yet another piece of potentially harmful legislation — this time, a set of demanding data disclosure requirements for digital asset service providers — was rushed to a vote mere days after a near miss on banning proof-of-work-based cryptocurrencies. Unlike the relatively happy resolution of the Markets in Crypto Assets framework situation, the EU’s new Anti-Money Laundering rules retained all the crypto-hostile language as they are going into the next round of consideration, the so-called trialogue negotiations. If the rules are enacted …
Cryptocurrency hardware wallet provider Trezor has begun investigating a possible data breach that may have compromised users’ email addresses and other personal information. Earlier today, on Apr. 3, several users from the Crypto Twitter community warned about an ongoing email phishing campaign specifically targeting Trezor users via their registered email addresses. Hey trezor, are you aware of a phishing campaign going on? I just received this email with my actual email on it. It looked very legit. pic.twitter.com/GF0Od6llr2 — josearkaos ⚡️ (@josearkanos) April 3, 2022 In the ongoing attack, several Trezor users have been contacted by unauthorized actors posing as …
A cold wallet belonging to the infamous Bitcoin (BTC) exchange Mt. Gox transferred 6,800 BTC to an unknown wallet just days after the former CEO Mark Karpeles revealed plans to redistribute BTC worth $6 billion to its creditors. Mt. Gox was a Tokyo-based Bitcoin exchange that shut down in Feb. 2014 after a hack that compromised 850,000 BTC. In a recent interview, Karpeles disclosed that the exchange had roughly 200,000 BTC in possession during the company’s closure, out of which the trustee sold roughly 50,000 BTC for $600 million in the past. According to Karpeles, the remaining 150,000 BTC currently …