Cryptocurrency
Cloudflare outage shows why crypto needs end-to-end decentralization
The crypto ecosystem has made strides in decentralizing blockchains, but the recent Cloudflare incident showed that true resilience requires decentralizing the frontend and storage layers as well, blockchain infrastructure platforms argue. Decentralizing blockchains through consensus, a robust set of...
Cryptocurrency
Samourai Wallet Co-Founder William Hill Gets 4-Year Federal Sentence
William Lonergan Hill, co-founder and chief technology officer of Samourai Wallet, was sentenced Wednesday to four years in federal prison for operating an unlicensed money transmitting business tied to the privacy-focused bitcoin service. U.S. District Judge Denise Cote handed...
Cryptocurrency
Advocacy group proposes DeFi solutions to address global poverty
The DeFi Education Fund, an advocacy organization focused on decentralized finance, has proposed utilizing the technology to reduce costs, aiming to address poverty in the United States and globally.In a Wednesday blog post, the group said DeFi infrastructure could...
Cryptocurrency
Will Bitcoin Bottom At $56,000? CryptoQuant CEO Presents The Data
CryptoQuant CEO Ki Young Ju has put a clear reference level on the current Bitcoin correction – but is adamant it should not be mistaken for a prediction.
“Many people seem to be misunderstanding this, so let me clarify,” he...
Cryptocurrency
Kenya’s new crypto law faces stress test as Bitcoin ATMs appear in malls
Bitcoin ATMs were spotted across major shopping malls in Nairobi days after Kenya implemented its first comprehensive cryptocurrency law, creating an immediate stress test for regulators who claim that no crypto provider is yet authorized to operate. Local media outlet...
Cryptocurrency
BlackRock’s BTC ETF IBIT Posts Record One-Day Outflow of $523.2 Million
The average spot bitcoin ETF buyer sits near a $90,000 cost basis, leaving most investors roughly flat.
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Cryptocurrency
Cloudflare blames database error for outage that took down 20% of the internet
Internet services provider Cloudflare says that a fault in its bot detection system triggered an outage that took down around 20% of webpages, including several crypto platforms.Cloudflare said in a post-mortem statement on Tuesday that a “feature file” used...