Decentralization

An Apple developer left one of the strangest Easter eggs hidden in the macOS, offering a surprising and baffling connection between the Cupertino tech company’s mainline operating system to everybody’s (least) favorite cryptographic digital currency. The Biggest Crypto Heists of 2022…So FarOn his Waxy.org blog, tech dev Andy Baio reported Thursday he made a surprise discovery, finding the original bitcoin whitepaper written by the presumed pseudonym Satoshi Nakamoto had been shoved inside every single copy of macOS since…

Photo: Volodymyr_Shtun (Shutterstock)Unidentified cybercriminals managed to boost nearly $200 million from the decentralized finance lender Euler Finance on Monday. The attack, which stole millions in crypto assets like DAI and USD Coin, is being hailed as the biggest crypto hack of the year so far. If this year is anything like 2022, when hackers stole more than $3 billion in crypto, the Euler theft won’t be the last.Euler, which refers to itself as a team of software engineers “specialising in the research and…

Photo: Paula Bronstein (Getty Images)Since Russia invaded Ukraine last year, cryptocurrency has played a surprisingly big role. As a new fundraising tool, crypto has helped Ukraine raise millions of dollars as it seeks to supplement the already gargantuan amount of money flowing into the country from official U.S. aid and a constellation of charitable organizations. Russia, meanwhile, doesn’t appear nearly as interested in digital assets, though new research shows that pro-Russian groupshave been using digital assets to…

Do Kwon has been cited by the SEC for allegedly misleading investors on multiple fronts, including allegedly lying about how stable its stablecoin was. Screenshot: Terra/YouTubeDo Kwon, the erstwhile CEO of Terraform Labs and its infamously unstable stablecoin Terra, now has another reason to remain on the lam. The U.S. Securities and Exchange Commission alleged he and his company transferred 10,000 bitcoin worth hundreds of millions of dollars out of the Terra/Luna project before it inevitably went bust in May last year.…

If you were seeking any more reasons to be skeptical of the crypto market, here you go: Nearly a quarter of new coins minted on the blockchain that attained any value in 2022 fit the on-chain characteristics of a pump-and-dump scheme, according to a report chapter from blockchain tracking and analysis group, Chainalysis, released Thursday. The firm looked at all of the 1.1+ million new coins launched on blockchains in 2022. Most of them, unsurprisingly, never attained any meaningful hold in the market—fizzling out with…

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As the world of blockchain technology continues to evolve, new projects are emerging to improve the user experience and overcome the challenges that have hindered the growth of this industry. One such project is Snowfall Protocol (SNW), which aims to provide a secure and efficient multi-chain bridging solution for cryptocurrencies and NFTs. In this article, we will take a closer look at SNW and compare it to two other popular blockchain projects: Ripple (XRP) and Stellar (XLM). Ripple’s (XRP) efforts to…

Sen. Ted Cruz has previously advocated for the continued decentralization of cryptocurrency.Image: Greg Nash-Pool (Getty Images)There’s no such thing as a free lunch (or snack) and Texas Senator Ted Cruz knows this, which is why the conservative wants to bring cryptocurrency into Congress.On Wednesday, Cruz introduced the ACCEPT Resolution, which stands for Adopting Cryptocurrency in Congress as an Exchange of Payment for Transactions Resolution. If adopted, the resolution could see the U.S. government contracting with…

U.S. authorities have been reportedly investigating Binance for nearly four years. Recent enforcement actions against entities connected to Binance is putting even more pressure on the world’s largest exchange.Photo: salarko (Shutterstock)Binance, the world’s largest crypto exchange has been linked to a federally charged crypto company and its founder to the tune of nearly $346 million in bitcoin. It comes after months of speculation that federal prosecutors are honing in on Binance over allegedly facilitating illicit…

Genesis, one of the largest crypto lending firms in the space finally filed for Chapter 11 bankruptcy on Friday. Though Genesis managed to cling on to life for months longer than some of its largest competitors, recent market shake-ups and festering fallout from FTX’s collapse flung it over the edge. Now, the firm will join Celsius, Voyager Digital, and BlockFi in a graveyard of former crypto giants.Genesis was among the crypto firms offering sky high returns on cryptocurrency investments. The company lent funds to some…