Fairshake PAC and affiliates raise $102M to support crypto candidates

The Ethereum team has been trying to solve the blockchain scalability problem since 2014. During that time, solutions such as Raiden, Plasma, zk-SNARKs, sharding and rollups appeared in the developers’ tool kit. However, the implementation of some of them was constantly delayed, while others proved to be of limited efficacy.This was the issue until Ethereum’s…

The Banko Sentral ng Pilipinas said that the closing of VASP applications begins on Sept. 1, 2022, and will last for three years. 69 Total views 6 Total shares While many believe that the Philippines can become a new crypto hub, that dream may be shattered in the meantime as the country’s central bank announced…

The scam involves sending users a text message with a link to cancel withdrawals, leading users to a fake website designed to harvest their login credentials. 589 Total views 22 Total shares Binance CEO Changpeng “CZ” Zhao has alerted the crypto community against a “massive” SMS phishing scam targeting Binance customers.Tweeting on Friday, CZ alerted…

Bitcoin (BTC) faces a challenging week as $9,000 support fades and uncertainty increases after the halving — what should you look out for in the coming days?Cointelegraph’s weekly summary takes a look at five factors likely to influence Bitcoin’s price action in the short term. Miner outflows fuel BTC price pressureThe weekend’s trading saw fresh downside…

That will be confusing for some, and unsurprising for others. A recent memorandum from the U.S.' tax authority, the Internal Revenue Service, or IRS, attempted to clarify taxation rules around receiving crypto assets as payment. "Is convertible virtual currency received by an individual for performing a microtask through a crowdsourcing or similar platform taxable income?" said…

China’s central bank released a new statement to debunk some rumors. 1720 Total views 20 Total shares The People’s Bank of China (PBoC) announced that the test run of its central bank digital currency is currently limited to small retail transactions.According to the Global Times on Aug. 24, the central bank has clarified some details…

Multiple decentralized applications using Ledger’s connector library have been compromised, including SushiSwap and Revoke.cash. 863 Total views 4 Total shares The front end of multiple decentralized applications (DApps) using Ledger’s connector, including Zapper, SushiSwap, Balancer and Revoke.cash, was compromised on Dec. 14. SushiSwap chief technical officer Mathew Lilley reported that a commonly used Web3 connector has

The fintech industry has been changing rapidly. Digital assets, distributed ledger technology and central bank digital currencies are gaining momentum. Multi-trillion-dollar United States Federal Reserve System money creation has increased demand for digital assets, particularly Bitcoin (BTC).Banks, brokers, commercial lenders, investment advisors, private investment funds, family offices, mutual funds, fintech entrepreneurs, lawmakers and private citizens…

It's grim news for economists and a bittersweet advertisement for Bitcoin this week after the latest CPI report. 1086 Total views 1 Total shares Bitcoin (BTC) gained more free publicity this week as inflation data showed that prices are rising faster than even experts had anticipated.The latest Consumer Price Index (CPI) report on June 10 from the…