A change in the regulatory position of the US could fuel greater acceptance of cryptocurrencies Citigroup analysts believe that blockchain technology could experience a major turning point in 2025, likening its potential breakthrough to the rapid mainstream adoption of ChatGPT. In a report released on April 23, Citi highlighted regulatory clarity—particularly in the US—as the
The move is seen by some as a possible pilot program for further government action The US Department of Housing and Urban Development (HUD) is reportedly exploring the potential use of blockchain technology and stablecoins for tracking grants and making payments. While the idea is still in its early stages, discussions within the agency suggest
Alexis Ohanian is now part of Project Liberty, although suggests a twist to how TikTok would operate Alexis Ohanian, co-founder of Reddit, has confirmed his involvement in a bid to acquire TikTok’s US operations. He has joined Project Liberty, a group led by businessman Frank McCourt, with the goal of integrating blockchain technology into the
The billionaire is reportedly considering moving government spending oversight to the Blockchain Elon Musk, as head of the Department of Government Efficiency (DOGE), is reportedly exploring how blockchain technology could streamline US government operations and curb federal spending. This initiative aligns with Musk’s vision of enhancing accountability and reducing waste in government budgets. The DOGE
The organization is unhappy with the tax agency’s stance on cryptocurrencies The Blockchain Association has filed a lawsuit against the Internal Revenue Service (IRS), challenging new regulations requiring detailed reporting of digital asset transactions. The lawsuit, announced by Blockchain Association CEO Kristin Smith on December 28, was filed jointly with the Texas Blockchain Council. The
NFTs produced $158 million in sales for the third week of November The NFT market continues to show resilience despite slight dips in weekly sales, highlighting sustained interest in digital collectibles. Recent data from CryptoSlam revealed that NFTs generated $158 million in sales during the week ending November 24. While this figure represents a 12.7%
The company is looking to capitalize on the massive amount crypto market traffic Arkham Intelligence, a blockchain analytics firm known for its tools to track blockchain transactions, has announced the launch of its own cryptocurrency derivatives exchange. The new platform, targeting retail traders, aims to stand out in a competitive market by integrating Arkham’s research
The crypto ecosystem has had to constantly fight legal battles against the securities watchdog The Blockchain Association, a key advocacy group for cryptocurrency and blockchain technology, recently reported that the US Securities and Exchange Commission (SEC) has cost the crypto industry at least $426 million in legal defense costs. This hefty price tag, according to
The realization could put the blockchain ecosystem at risk of being compromised Recent investigations have raised concerns about potential North Korean involvement in the development of a key component of the Cosmos blockchain ecosystem. It has been suggested that North Korean developers may have contributed to the Liquid Staking Module (LSM) within Cosmos, sparking fears
A proposal would drastically reduce block times and increase the blockchain’s capacity A new proposal could soon bring a major speed boost to the Ethereum blockchain, potentially increasing its efficiency by reducing block times. Ethereum Improvement Proposal (EIP) 7781, introduced by Ben Adams on October 5, suggests slashing block times from 12 seconds to 8
The crypto-based company is the latest to become a victim of cyberpirates Truflation, a blockchain-based platform focused on providing real-time inflation data, recently confirmed it was hit by a malware attack that resulted in the loss of over $2 million. The hack was identified after the team noticed unusual activity in the system, leading to
Hemi Network could be the next solution for better blockchain security In recent months, the cryptocurrency world has faced significant challenges regarding the security of cross-chain bridges, as various hacks have exposed vulnerabilities in these systems. In response, developers are exploring new approaches to improve interoperability between major blockchains. One such project, Hemi Network, has
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