Google made an update to its crypto ad policy to enable NFT game advertisements as long as gambling or gambling services are not promoted. According to a Google announcement, the changes will come into effect on Sept. 15.Continue Reading on Coin Telegraph More
According to a representative from Ripple, discussions between the companies intensified last week after cloud tools of a third-party analytics vendor were compromised. In an interview with Fortune, Fortress CEO Scott Purcell said the company lost $12 million to $15 million in the incident. A majority of the funds were Bitcoin (BTC), along with small amounts of USD Coin (USDC) and Tether (USDT). Continue Reading on Coin Telegraph More
The statement comes after users on X (formerly Twitter) were speculating that PayPal may have been responsible for the transaction due to a related wallet account that had been identified by analytics platform OXT as belonging to PayPal. A Paxos representative told Cointelegraph that PayPal was not responsible, as the error was its own, stating:Continue Reading on Coin Telegraph More
FTX will be allowed to sell digital assets, excluding Bitcoin (BTC), Ether (ETH) and “certain insider-affiliated tokens,” in weekly batches through an investment adviser under preestablished guidelines. There will be limits of $50 million for the first week and $100 million in subsequent weeks. There will be an option to increase the limit with prior written approval of the creditors’ committee and ad hoc committee or to raise the limit to $200 million weekly with approval of the court. Continue Reading on Coin Telegraph More
Funds were raised to promote the adoption of Move, a smart contract development language that includes built-in safeguards to protect projects from vector attacks.Participants included Varys Capital, the Avalanche fund by Blizzard, dao5, Borderless Capital, Colony, Elixir Capital, BENQI, and other key contributors within the Wormhole developer ecosystem. Angel investors who took part include Chandler Song, Ryan Fang, and Stanley Wu from Ankr, George Lampeth from dao5, Calvin Liu from Eigenlayer, Smokey the Bera from Berachain, and Anurag Arjun from Avail.Commenting, William Patterson, head of venture at Varys Capital, said:Funds raised will also introduce the Movement SDK, a tool designed to facilitate the creation of secure and high-performing Move environments for established blockchains. The Movement framework leverages Move virtual machines to achieve horizontal interoperability, making it compatible with various blockchains. Within the Move network, a translator assists in converting popular smart contract languages like Solidity into Move, offering built-in re-entrance protection against attacks.In a comment, Rushi Manche, co-founder of Movement Labs, said:The critical component of the Movement SDK is M1, a modular, scalable, and composable blockchain engineered to combine performance with accessibility. M1, launching on Avalanche, solves the cold-start issue faced by non-EVM protocols. It allows developers to benefit from alternate virtual machines without bridging assets, managing multiple wallets, or leaving familiar networks.Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.This article was originally published on Crypto.news More
The decision aims to provide users with a faster and cheaper network for Bitcoin (BTC) transactions. The Lightning Network enables users to interact with Bitcoin (BTC) through a faster interface.Brian Armstrong, the CEO of Coinbase, said that the Lightning Network is one of the most vital assets in the crypto industry and that the integration will allow its users to enjoy faster transactions.The Lightning Network is a solution that seeks to solve the scalability problems of the Bitcoin network. In the Bitcoin network, every node has to process and verify every transaction, which can be slow and inefficient.The Lightning Network works as a layer-2 off-chain solution, meaning that transactions occur through a separate network of payment channels connected to the Bitcoin blockchain. The network allows users to send or receive Bitcoin or satoshis (the smallest unit of Bitcoin) with lower fees and faster confirmation times. The more capacity the Lightning Network has, the higher the liquidity, allowing for more significant transactions and quicker payments.Since its launch in 2018, the Lightning Network has grown in popularity and has been adopted in various regions. It reached a capacity of 4,000 Bitcoin in June, with Gibraltar, the Isle of Man, and El Salvador being notable adopters.The recent adoption of Bitcoin as a legal tender in El Salvador has helped to scale the Lightning Network. However, the Lightning Network has also faced some challenges from some Bitcoin influencers, who claim it is a failure due to low usage.This article was originally published on Crypto.news More
0xScope’s co-founder and chief data scientist, Philip Torres, told Cointelegraph at the Bitget EmpowerX Summit that between monopolistic founding entities, bots, exploiters and airdrop hunters, as much as 80% of blockchain activity can be generated by just a small number of entities, despite looking healthy on the outside. Continue Reading on Coin Telegraph More
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