Crypto

Binance CEO Changpeng Zhao gave a keynote at a Paris crypto industry event in April 2022 to debut a new accelerator program for so-called "Web3" start-ups.Benjamin Girette | Bloomberg | Getty ImagesBinance has been granted approval from regulators to operate its cryptocurrency exchange in France.The company is now listed as a registered digital asset service provider by the French stock market watchdog AMF, enabling it to offer trading and custody services for bitcoin and other cryptocurrencies.Binance is the largest…

The US Securities and Exchange Commission (SEC) announced Tuesday that it will close to double its cryptocurrency enforcement division, adding another 20 positions to the Crypto Assets and Cyber Unit — which has been newly renamed from the “Cyber Unit.” The total number of staff will rise from 30 to 50, increasing the agency’s ability to prosecute securities law violations related to new crypto products. In a press release, the SEC cited a booming period for crypto markets and a corresponding responsibility to keep…

WASHINGTON—The Securities and Exchange Commission will boost the size of its special unit devoted to investigating cryptocurrency frauds and other misconduct, a move that follows the agency’s aggressive push to get the unregulated industry to come under federal supervision. The SEC said it plans to add 20 investigators and litigators to its Crypto Assets and Cyber Unit, which was created in September 2017 when regulators noticed a surge of new digital coins sold to the public. The…

BODEN, Sweden — Tucked away in snowy Swedish Lapland is a modern-day gold mine. But instead of picks and shovels, it's filled with thousands of computers.These machines, known as mining rigs, are working around the clock to find new units of cryptocurrency — in this case, ethereum, the second-largest token globally.To do so, they must compete with others around the world to find the answer to a complex math puzzle, which grows in difficulty as more and more computers, known as "miners," join the network. The aim is to…

Less than a month since he bought a 9.2% stake in Twitter Inc., billionaire Elon Musk is now poised to acquire the micro-blogging platform. Mint explores what could lie ahead for the platform once the world’s richest man is at the helm. What are Musk’s plans for Twitter? Between a statement from Musk on 26 April, polls he has conducted over the past few weeks, and other public statements, it seems clear that the world’s richest man wants to make Twitter a bastion for…

On the last day of the Bitcoin 2022 conference in Miami Beach, comedian Donnell Rawlings starts his routine by noting there are a lot of white people in the audience and then asks if we were involved in storming the Capitol on January 6th, 2021. He’s just warming up. “I’m at a Bitcoin convention, and I don’t even know what the fuck a Bitcoin is,” Rawlings says. “I don’t know nothing about crypto, but I know some of the bangingest parties I’ve been to is some crypto parties.” He goes on: “I know I’m fucked because they…

Intel on Friday launched a new chip for blockchain applications such as Bitcoin mining and minting NFTs to cash in on the rising usage of cryptocurrencies. The chip will ship later this year and the first customers include Block, the Jack Dorsey-led firm that recently changed its name from Square to highlight its growing focus on the blockchain.Blockchains serve as public ledgers that keep records of transactions on a network of computers and have grown in prominence in recent years. Their rise has also triggered a buzz…

Intel is investing in blockchain technology with a new chip that could be used to mine cryptocurrency and the company's key focus, according to Senior Vice President of Intel's Accelerated Computing Systems and Graphics Group, Raja Koduri, is on sustainability with plans to "develop the most energy-efficient computing technologies at scale." Koduri claims that Intel's new mining chips will be available later this year with US electric power company GRIID Infrastructure, crypto mining firm Argo Blockchain, and Jack…

Java versions 15 and above carry a flaw in the implementation of its Elliptic Curve Digital Signature Algorithm (ECDSA) that could exploited by cybercriminals to digitally sign files by forging some types of Secure Sockets Layer (SSL) certificates, signed JSON Web Tokens (JWTs), and even two-factor authentication messages. The issue was first discovered last year and was reported to Oracle, which eventually patched it last week. However, since organisations take time to update their systems with the latest releases, any…

WazirX Co-Founder and Chief Operating Officer Siddharth Menon and Indian game development firm SuperGaming on Tuesday launched Tegro as their Web3 game ecosystem marketplace. The new offering is aimed to create standalone markets for gamers, traders, and institutional investors where they can trade, hold, and play with their game assets. It is also touted to help protect players and investors with a sustainable economy model. Web3 has emerged as a nascent space for gamers where technologies including blockchain and…