Category: Latest news

[ad_1] Jeremy Allaire, Circle CEO, confirmed that USD Coin (USDC) saw more redemptions than issuance over the past month, according to an Aug. 7 tweet. Allaire stated that Circle issued $5 billion worth of USDC over the past month, with redemptions surpassing issuances by $1.6 billion, totaling $6.6 billion. He said the high redemptions were…

[ad_1] A recent research paper from Durham University in the UK revealed a powerful AI-driven attack that can decipher keyboard inputs solely based on subtle acoustic cues from keystrokes. Published on Arxiv on Aug. 3, the paper “A Practical Deep Learning-Based Acoustic Side Channel Attack on Keyboards” demonstrates how deep learning techniques can launch remarkably…

[ad_1] Quick Take Tether, the issuer of USDT, has recently experienced one of its largest redemptions since the FTX collapse in Nov. 2022, according to Paolo Ardoino, Tether’s CTO. A total of approximately 325 million USDT was redeemed, marking a significant event in the stablecoin’s history. This comes as the circulating supply of USDT is…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…

[ad_1] De.Fi’s Rekt Database reports that July saw $389.82 million in DeFi losses related to hacks and exploits, pushing the cumulative total value of all of to cross the threshold of $77 billion. Ethereum emerged as the most targeted, losing $350 million across 36 incidents. Multichain, however, suffered the most severe single-case loss of $231…

[ad_1] The Hong Kong Securities and Futures Commission (SFC) issued a warning on Monday, Aug. 7, to virtual asset trading platforms (VATPs) involved in what it practices, emphasizing the potential legal and regulatory consequences. This notice comes on the heels of the SFC’s observation of unlicensed VATPs falsely claiming to have submitted licensing applications, and…

[ad_1] Representative Patrick McHenry, (R-NC), chair of the  U.S. House Financial Services Committee Chairman, endorsed PayPal’s recently-announced stablecoin on Aug. 7. McHenry said in a statement: “[PayPal’s] announcement is a clear signal that stablecoins—if issued under a clear regulatory framework—hold promise as a pillar of our 21st century payments system.” McHenry also used the announcement…

[ad_1] ARK Invest CEO and CIO Cathie Wood said on Aug. 7 that the SEC could approve multiple Bitcoin spot ETFs at once but will likely not do so by an upcoming deadline. Wood stated during an interview with Bloomberg: “I think the [U.S. Securities and Exchange Commission], if it’s going to approve a Bitcoin…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…