LayerZero identifies over 800K addresses in sybil self-reporting phaseInitially, the team identified over two million addresses as potential sybils but later refined their criteria to minimize false identifications, resulting in a more precise classification.May 18, 2024Amaka Nwaokocha
AI safety researchers leave OpenAI over prioritization concernsFollowing the recent resignations, OpenAI has opted to dissolve its “Superalignment” team and integrate its functions into other research projects within the organization.May 18, 2024Amaka Nwaokocha
US authorities bust $73M crypto scam, make two arrestsThe scammers convinced victims to transfer millions of dollars into U.S. bank accounts, which were then used to launder the illicit funds.May 18, 2024Amaka Nwaokocha
Genesis Global secures court approval for $3B payoutAccording to Judge Lane, any available funds for distribution by Genesis are being exhausted by creditor claims, which take priority over DCG’s equity stake.May 18, 2024Amaka Nwaokocha
If SEC approves spot Ether ETFs, many ‘will be caught severely offside’Coinbase institutional research analyst David Han believes “there is room for surprise to the upside on this decision.”May 18, 2024Ciaran Lyons
Aussie admits to promoting BitConnect crypto services without a licenseThe Australian Securities and Exchange Commission claims that John Louis Anthony Bigatton promoted the crypto lending platform at four seminars and via two social media posts.May 18, 2024Ciaran Lyons
Biden may rethink SAB 121 vote veto due to political support for cryptoThe U.S. Congress bipartisan vote has overwhelmingly demonstrated its rejection of the SEC’s SAB 121. President Biden threatened to veto the overruling. Will the executive branch overthrow Congress’s decision?May 18, 2024Daniel Ramirez-Escudero
Crypto personality pleads guilty to fraud after promising 60% ‘fictitious’ returnsThe United States Department of Justice alleges Thomas John Sfraga convinced a victim to invest in a “fictitious” cryptocurrency” wallet after promising significant gains.May 18, 2024Ciaran Lyons
Changpeng Zhao teases writing project ahead of reporting to prisonOn April 30, a judge sentenced the former Binance CEO to four months in federal prison but did not set a reporting date at his hearing.May 17, 2024Turner Wright
Ghana, Singapore conduct trade in semi-fungible token pilot projectProject DESFT is meant to encourage trade between small businesses using a CBDC and a stablecoin, emphasizing credentialing.May 17, 2024Derek Andersen
Alex Labs freezes $3.9M of exploited funds sent to CEXs after hackThe team behind the Bitcoin layer-2 developer has successfully frozen some exploited crypto after the attacker tried to cash out by sending funds to exchanges.May 17, 2024Allen Scott
Crypto Biz: Galaxy, CoinShares Q1 results, ETFs on the blockchain, and moreThis week’s Crypto Biz features Galaxy Digital and CoinShares earning results, Franklin Templeton’s CEO betting on blockchain, Polymarket’s funding raise, and a leadership transition at dYdX.May 17, 2024Ana Paula Pereira
Blockchain gaming investments reached nearly $1B in AprilThe investment figures come alongside a record-high 2.9 million daily unique active wallets for the month.May 17, 2024Tristan Greene
Ethereum price rallies above $3.1K after unexpected regulatory victoryETH price hit $3,100, backed by a favorable court ruling and increased network activity.May 17, 2024Marcel Pechman
Tornado Cash founder sent to prison, DeFi’s EU struggles: Finance RedefinedThe Tornado Cash developer has been detained in the Netherlands since August 2022 after the United States government blacklisted Tornado Cash.May 17, 2024Prashant Jha
US Treasury strategy would tighten virtual asset regulations, increase AI useThe Treasury’s fight against illicit finance will focus on better regulations, greater enforcement and AI.May 17, 2024Derek Andersen
Price analysis 5/17: BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA, AVAX, SHIBBitcoin price aims to break its range resistance and hit a new all-time high. Will altcoins follow?May 17, 2024Rakesh Upadhyay
Tether mints another $1B — Last time, it helped Bitcoin climb to $73K Bitcoin has flipped its old resistance into support as USDT’s market cap continues to grow rapidly in 2024.May 17, 2024Zoltan Vardai
Kraken considers dropping USDT in Europe ahead of new regulationsWith new regulations in Europe set to enforce strict limits on transactions and reserve requirements, Kraken is assessing its stablecoin listings.May 17, 2024Ana Paula Pereira
Crypto firms rally behind FIT21 bill approaching US House floor voteLawmakers expect to vote on a bill clarifying how regulators handle digital assets by June after a majority in both chambers passed a resolution against an SEC crypto rule.May 17, 2024Turner Wright
Dolce & Gabbana faces class-action lawsuit after alleged NFT delivery delayThe suit alleges that delays in delivery caused purchased NFTs to lose 97% of their value.May 17, 2024Tristan Greene
Bitcoin preps ‘golden cross,’ which last sparked 170% BTC price gainsBitcoin is dishing out the bull signals on lower timeframes, but can BTC price action overcome key resistance?May 17, 2024William Suberg
Is onboarding too hard? Crypto adoption still faces major obstacles Progress has been made in streamlining the Web3 onboarding process, but the flood of mainstream users has not yet arrived.May 17, 2024Stephen Katte
Binance-backed Magic Square IDO platform to democratize retail investor accessIDO launchpads are becoming a popular way to raise funds for projects, with some IDOs reaching nearly half a billion dollars.May 17, 2024Zoltan Vardai
Sony warns 700 AI devs, music streaming companies against content misuseSony is cracking down on AI developers like OpenAI and Microsoft with a letter that prohibits them from using its content to train or develop commercial AI systems.May 17, 2024Savannah Fortis
Binance exec denied bail in Nigeria money laundering trialHead prosecutor Ekele Iheanacho objected to bail by highlighting Gambaryan’s questionable attempt to get a new passport, allegedly due to a stolen previous one.May 17, 2024Amaka Nwaokocha
Proton Mail exposing activist’s info showed the limits of encryptionAn April report revealed that Proton Mail assisted Spanish police with locating one of its users, leading to questions about its guarantees of privacy.May 17, 2024Ailsa Sherrington
Over 80% of recent Binance token listings are bleeding redMost of the newly launched tokens function as “exit liquidity” for insiders capitalizing on the lack of retail access due to their high initial fully diluted valuation.May 17, 2024Zoltan Vardai
Binance helps Taiwan solve $6.2M crypto fraudWorking with Binance, Taiwan prosecutors pieced together the evidence, resulting in the indictment of nine individuals for financial crimes, including money laundering and fraud.May 17, 2024Amaka Nwaokocha
Notorious Pink Drainer retires after hitting $85M theft milestonePink Drainer, infamous for aiding in crypto thefts, shut down operations after amassing over $85 million in stolen assets.May 17, 2024Josh O'Sullivan