Cryptocurrency
Sam Bankman-Fried now charged with unlawful political contributions
According to a new filing from the Southern District of New York attorney's office, Bankman-Fried used the FTX customer funds he misappropriated, and was used in the unlawful political influence campaign, which involved flooding the political system with tens of millions of dollars in illegal contributions to both Democrats and Republicans.
Crypto exchange Coinbase faces cyberattack, employee targeted
"Coinbase recently experienced a cybersecurity attack that targeted one of its employees. Fortunately, Coinbase's cyber controls prevented the attacker from gaining direct system access and prevented any loss of funds or compromise of customer information. Only a limited amount of data from our corporate directory was exposed," Coinbase said in a blogpost.
Tesla reveals loss of $204 mn from Bitcoin investments in 2022
In a filing with the US Securities and Exchange Commission (SEC), the company said, apart from the loss it recorded, it also made a profit of $64 million on certain conversions of Bitcoin, leaving the automaker with a net loss of $140 million.
Twitter working on in-app currency to help creators earn
This new feature was spotted by app researchers Jane Manchun Wong and Nima Owji, who shared it on the micro-blogging platform on Tuesday. The screenshot posted by both researchers mentioned, "Coins allow you to support creators who Tweet great content. Unused coins are kept in your balance."
Microsoft bans crypto mining to protect its cloud service customers
Within the license itself, there was hardly any more info, reports The Register. Moreover, a section headed "Acceptable Use Policy" states: "Neither Customer nor those that access an Online Service through Customer, may use an Online Service: to mine cryptocurrency without Microsoft's prior written approval."
Coinbase accuses Apple of forcing it to remove NFT wallet function
Taking to Twitter on Thursday, Coinbase Wallet: "You might have noticed you can't send NFTs on Coinbase Wallet iOS anymore. This is because Apple blocked our last app release until we disabled the feature. "Simply put, Apple has introduced new policies to protect their profits at the expense of consumer investment in NFTs and developer innovation across the crypto ecosystem.
Telegram's next step is to let users securely trade, store cryptos: CEO
Pavel Durov said that this can fix the wrongs caused by the excessive centralisation, "which let down hundreds of thousands of cryptocurrency users". "The Blockchain industry was built on the promise of decentralisation, but ended up being concentrated in the hands of a few who began to abuse their power. As a result, a lot of people lost their money when FTX, one of the largest exchanges, went bankrupt," said Durov.
Nearly 5,000 new cryptocurrencies emerged in 2022 despite harsh winter
The research was based on the total number of crypto coins tracked by CoinMarketCap.com on the first day of each month. "On January 1, 2022, there were 16,238 cryptocurrencies on CoinMarketCap.com, whereas November 1 saw 21,159 crypto coins featured on the crypto data authority," the report mentioned.
How Blockchain-based CBDC and crypto are different
Former Finance Secretary S.C. Garg believes that the CBDC will be more like "dematerialised bank notes" as they have nothing to do with cryptocurrencies. "The way cryptocurrencies have evolved in value, the world may not accept their use as currency. However, regulated digital coins like the CBDC might be the future of crypto," he said.
Cryptos and India's digital coin can coexist in future: CoinSwitch CEO
"The central banks have had currency in digital form for decades, and the introduction of distributed ledger technology (DLT) is welcome. I am really happy to see the successful pilot of India's very own CBDC," said Ashish Singhal. The exact nature of the implementation of CBDCs is still awaited.
Advertisement