TL;DR Breakdown Tools for Humanity, a subsidiary of Worldcoin, has invested over $4.8 million in Kenya, primarily for blockchain and cryptocurrency education, through partnerships with local institutions. The investment comes amid controversies, including a temporary suspension of Worldcoin’s operations by the Kenyan government due to concerns about public safety and data privacy. CEO Alex Blania assures the company’s long-term commitment to Kenya and denies allegations that Worldcoin intends to sell users’ biometric data. Description Worldcoin’s subsidiary, Tools for Humanity, has invested more than $4.8 million in Kenya, focusing on blockchain and cryptocurrency education as well as Information and Communication Technology (ICT) awareness. Alex Blania, the CEO of Tools for Humanity, disclosed the investment details during a parliamentary inquiry into the company’s activities in Kenya. It is important to know … Read more Worldcoin’s subsidiary, Tools for Humanity, has invested more than $4.8 million in Kenya, focusing on blockchain and cryptocurrency education as well as Information and Communication Technology (ICT) awareness. Alex Blania, the CEO of Tools for Humanity, disclosed the investment details during a parliamentary inquiry into the company’s activities…

TL;DR Breakdown Magic Eden, an NFT marketplace, has announced support for Solana’s compressed NFTs (cNFTs), aiming to make digital collectibles more cost-effective and scalable. The cNFTs are ideal for mass-produced collections and could serve as an “easy access point” for newcomers to the NFT space, allowing for lower minting costs compared to platforms like Ethereum. While the off-chain storage of cNFTs offers cost benefits, it also presents challenges such as the risk of data loss, as evidenced by issues with NFTs on the FTX crypto exchange last year. Description Magic Eden, a prominent nonfungible token (NFT) marketplace, has announced its support for Solana’s compressed NFTs (cNFTs), offering a more scalable and cost-effective alternative for digital collectibles. The integration of cNFTs into Magic Eden’s platform aims to revolutionize the NFT landscape by making it more accessible and affordable for both creators and collectors. cNFTs differ … Read more Magic Eden, a prominent nonfungible token (NFT) marketplace, has announced its support for Solana’s compressed NFTs (cNFTs), offering a more scalable and cost-effective alternative for digital collectibles. The integration of cNFTs into Magic…

TL;DR Breakdown North Korea is suspected of stealing $70 million in cryptos from Hong Kong-based CoinEx. Blockchain research firms, Elliptic and Chainalysis, indicate North Korea’s Lazarus Group may be responsible. The Lazarus Group has allegedly stolen approximately $240 million in recent crypto heists since June. Description A brand new heist has left the crypto world rattled, with the fingers pointed firmly at North Korea. A whopping $70 million has vanished from the vaults of CoinEx, a crypto exchange that operates out of Hong Kong. The audacious cyber-theft is yet another sign of the shifting sands in global finance. Digital currency, once … Read more A brand new heist has left the crypto world rattled, with the fingers pointed firmly at North Korea. A whopping $70 million has vanished from the vaults of CoinEx, a crypto exchange that operates out of Hong Kong. The audacious cyber-theft is yet another sign of the shifting sands in global finance. Digital currency, once hailed as the future of money, now finds itself under siege from the rogue nation’s state-sponsored hackers. The Trail of Suspicion…

TL;DR Breakdown The infamous crypto weekends often than not wipe weekly gains for various reasons – here is a market analysis ahead of off trading hours.  SEC doubles down on taking down crypto under the disguise of regulations – how long can the crypto survive unclear market rules? The SEC’s stance on the industry is frustrating projects in the USA and has so far caused significant outflows. Description The crypto market is known for its volatility, especially on the weekends. This could be attributed to the fewer traders moving the prices even more. Another reason for this volatility is the closure of banks, which prevents investors from transferring funds into their accounts, causing significant outflows and dipping the prices even further. The market … Read more The crypto market is known for its volatility, especially on the weekends. This could be attributed to the fewer traders moving the prices even more. Another reason for this volatility is the closure of banks, which prevents investors from transferring funds into their accounts, causing significant outflows and dipping the prices even further. The…

TL;DR Breakdown Recent data from Chainalysis estimates $3.54 billion in stolen Bitcoin, spotlighting North Korea’s role in cybercrime. Revelations about North Korea’s cyber activities emerge amid diplomatic talks between Russian President Vladimir Putin and North Korean leader Kim Jong-Un. This year, cryptocurrency stolen by North Korean hackers amounted to over $340 million. Description Recent data reveals alarming trends in the world of cybercrime. On September 14, Chainalysis, a leading on-chain analytics firm, estimated a staggering $3.54 billion in stolen bitcoin. Besides pinpointing the culprits, the report sets the spotlight on North Korea. The country is escalating its illicit activities in the cyber realm. Moreover, it appears to be … Read more Recent data reveals alarming trends in the world of cybercrime. On September 14, Chainalysis, a leading on-chain analytics firm, estimated a staggering $3.54 billion in stolen bitcoin. Besides pinpointing the culprits, the report sets the spotlight on North Korea. The country is escalating its illicit activities in the cyber realm. Moreover, it appears to be joining forces with hacker groups operating through Russian exchanges. Significantly, these unsettling revelations come…

TL;DR Breakdown One of the most trusted crypto analytical firms, Chainalysis, credibility is under question following the recent lawsuit against Roman Sterlingov. Lawyers point out that the analytical firm could just be printing out “Junk Science.” US law enforcement relied on Chainalysis tools to reveal the Bitcoin Fog’s operator by analyzing several transactions that have had them called out for dubious data. Junk Science is, by definition, technology that has not undergone testing and scrutiny and is thus unreliable in law enforcement, making any evidence from such technology inadmissible.  Description Chainalysis is now facing scrutiny over blockchain analytics tools. Lawyers have termed the science behind the on-chain analytics software as junk science, especially its reliability in high-profile criminal cases. The Wall Street-backed blockchain analytics firm offers software that helps track fraudulent activities in the crypto industry.  The recent lawsuit against Roman Sterlingov highlighted the unreliability … Read more Chainalysis is now facing scrutiny over blockchain analytics tools. Lawyers have termed the science behind the on-chain analytics software as junk science, especially its reliability in high-profile criminal cases. The Wall Street-backed…

TL;DR Breakdown Shiba Inu’s lead developer has clarified the team’s position on the renunciation of BONE contracts, a topic under intense scrutiny. The update comes after Chief Developer Shytoshi Kusama promised to renounce the contract by August and mint the last 20 million BONE tokens. The Shiba Inu team plans to extensively test the renunciation feature before implementing it on the mainnet. Description Kaal Dhairya, the lead developer for Shiba Inu, clarified the development team’s stance on the highly anticipated renunciation of BONE contracts. Significantly, this move comes after increasing public pressure on the Shiba Inu team to abandon the contract for the BONE token to facilitate its listing on major platforms like Binance. Chief Developer Shytoshi Kusama … Read more Kaal Dhairya, the lead developer for Shiba Inu, clarified the development team’s stance on the highly anticipated renunciation of BONE contracts. Significantly, this move comes after increasing public pressure on the Shiba Inu team to abandon the contract for the BONE token to facilitate its listing on major platforms like Binance. Chief Developer Shytoshi Kusama promised the team would…

TL;DR Breakdown Bitstamp has increased interest rates for lending specific cryptocurrencies, including XRP, until October 15, offering yields up to 2.5% for XRP and 6% for USDT. The lending services, branded as ‘Bitstamp Earn,’ are not available to clients in the United States, United Kingdom, Singapore, Japan, and Canada. The rate hike aims to attract more users to Bitstamp’s lending platform amid a bearish crypto market, while also adhering to regulatory standards through a partnership with Finland-regulated Tesseract. Description Bitstamp has increased interest rates for users lending specific digital assets, including XRP, on its platform for a 30-day period. The promotional initiative, which runs until October 15, allows XRP lenders to earn up to 2.5% on their deposits, while those lending USDT could see a 6% yield. Other cryptocurrencies like Ether (ETH), Litecoin (LTC), … Read more Bitstamp has increased interest rates for users lending specific digital assets, including XRP, on its platform for a 30-day period. The promotional initiative, which runs until October 15, allows XRP lenders to earn up to 2.5% on their deposits, while those lending USDT…

TL;DR Breakdown A crypto and fashion shift is coming to LVMH, run by Bernard Arnault, as he considers which of his children will run the conglomerate that controls 75 top brands such as Louis Vuitton, TAG Heuer, and Dior. The succession decision could be pivotal in the crypto industry and would promote the future of blockchain technology and digital assets. Arnault’s sons Alexandre and Frederic have played a huge role in convincing the 74-year-old tycoon to adopt the emerging digital markets.  Description The second richest man on Earth, Bernard Arnault, the CEO of the LVMH conglomerate controlling 75 top brands such as Louis Vuitton, TAG Heuer, and Dior, is currently contemplating on which of his children will take over the $400 billion business empire. The 74-year-old CEO has recently raised the business retirement age to 80 years, … Read more The second richest man on Earth, Bernard Arnault, the CEO of the LVMH conglomerate controlling 75 top brands such as Louis Vuitton, TAG Heuer, and Dior, is currently contemplating on which of his children will take over the $400 billion…

TL;DR Breakdown Crypto volatility and unprofessionalism in the digital asset industry have pushed out many investors in August 2023. Bitcoin takes greater losses in August, its worst month yet after the November 2022 bloodbath. Factors like SpaceX BTC’s sale caused a negative market flip, one the Grayscale win against the SEC could not restore. August also experienced China’s second most prominent real estate giant, Evergrande, file for bankruptcy and saw $820 million in positions liquidated. September has been rather quiet in market fluctuations even as the market anticipates the next Bull run in November, which is coined ‘’Bitcoin Month’’ every four years.  Description The crypto market is known for its dramatic volatility, mainly driven by events that influence the crypto asset prices. 2023 has seen a consistent volume of cash outflows as more investors opt out of the industry, which is expected, especially after the collapse of the largest crypto exchange, FTX, late last year. August was particularly … Read more The crypto market is known for its dramatic volatility, mainly driven by events that influence the crypto asset prices….