Paxos confirms it’s responsible for $500K mistaken Bitcoin transaction
The account that paid $500,000 to move $2,000 worth of Bitcoin was a Paxos server, the company stated. The account that overpaid $500,000 in fees on Sept. 10 for a…
Google to allow NFT game ads, metaverse ‘hot’ in Asia: Nifty Newsletter
Google will allow NFT game advertisements that do not have any gambling or gambling services included within the games. In this week’s newsletter, read about how Google will start allowing…
Ripple says security incident accelerated its acquisition of Fortress Trust
A multimillion-dollar security breach involving a third-party vendor hastened Ripple’s acquisition of Fortress Trust on Sept. 8. The takeover of Fortress Trust by financial technology company Ripple on Sept. 8…
SEC charges company behind Stoner Cats NFT series with unregistered securities sale
The animated series, accessible only to NFT holders, had a cast that included Vitalik Buterin, Gary Vaynerchuk and Hollywood A-listers. Stoner Cats 2 LLC (SC2), the company behind the Stoner…
Bitcoin at $25K: Discount or disaster?
This week, The Market Report discusses Bitcoin’s recent dip below $25,000 and what it means for the near future. Was it a discount or a disaster? In the latest episode…
Huobi’s new name, HTX, raises community eyebrows
The name HTX represents the exchange, the blockchain project Tron and the company’s 10th anniversary. Cryptocurrency exchange Huobi is celebrating its 10th anniversary with a controversial marketing move — the…
Gemini Earn users could recover all funds in new DCG remuneration scheme
DCG suggests a new deal in Genesis bankruptcy, offering unsecured creditors 70%–90% baseline recovery; if approved, it would involve the renegotiation of a $630-million loan between Genesis and DCG. Digital…
Sam Bankman-Fried’s Upcoming Trial: All About the FTX Founder’s Court Case
FTX, once a major cryptocurrency exchange, collapsed in November 2022 following financial misconduct between the company and its sister firm, Alameda Research. Sam Bankman-Fried, who was the founder and then-CEO…
Are DAOs overhyped and unworkable? Lessons from the front lines
Many contend that DAOs have failed to deliver on their promises, but developers are coming up with novel solutions. Ask 10 different people to define a decentralized autonomous organization (DAO),…
BNB Smart Chain Optimism-powered layer-2 opBNB hits mainnet
Binance’s Ethereum layer-2 scaling platform, opBNB, is now publicly available, following extensive testing of the OP Stack-based platform. The BNB Chain blockchain ecosystem is set to tap into Optimism’s rollup…
Are real world assets set to take market share?
The blockchain has seen many narratives over the years. Some of these have turned into actual use cases and continued with strength. The blockchain has seen many narratives over the…
Bitcoin price reacts as 3.7% CPI sees inflation jump beyond forecasts
BTC’s price clings to $26,000, with Bitcoin traders braced for the Wall Street open, following the latest CPI report. Bitcoin (BTC) saw snap volatility on Sept. 13 as United States…
Crypto ahead in fintech investments in France and Germany in 2023: Report
Europe experienced a 50% fall in fintech investments in the first half of 2023. In the midst of the global fintech market downturn, the crypto and blockchain sector managed to…
Adobe, IBM, Nvidia join US President Biden’s efforts to prevent AI misuse
Adobe, IBM, Nvidia and five other companies have joined the initiative, unveiled in July, aimed at preventing the misuse of AI’s capabilities for harmful purposes. Adobe, IBM, Nvidia and five…
PayPal PYUSD stablecoin is 100% backed: Paxos transparency report
The total assets held in PayPal USD custody “meet or exceed the token balance,” with total tokens outstanding amounting to $44.4 million as of Aug. 31, Paxos report states. Stablecoin…