Crypto

Close to a year has passed, and the hacker responsible for the staggering $477 million heist from the now-defunct crypto exchange FTX still remains elusive. Yet, Elliptic, a leading blockchain analytics firm, has meticulously mapped the intricate journey of the stolen funds, shedding light on the culprit’s attempts to launder and mask their activities. Allegedly, a portion of the pilfered assets…

In a Nutshell Seven US senators, including Elizabeth Warren and Bernie Sanders, have written a letter to the Treasury Department and the IRS urging them to implement the proposed crypto broker reporting rule quickly. The senators are concerned about the two-year delay in implementing the rule, which they claim contravenes the bipartisan Infrastructure Investment and Jobs Act. They argue that…

XRP has been one of the week’s most notable movers, with price moving lower for six straight days. The latest decline comes as the global cryptocurrency market cap fell by over 1% in today’s session. Solana also slipped, nearing a floor of $21.00 in the process. XRP XRP, formerly ripple, was once again in the red on Thursday, as price fell for a sixth consecutive session. Following a high at…

A new computing model, BitVM, aims to enhance Bitcoin’s smart contract capabilities without requiring changes to the blockchain’s consensus rules. The white paper, published on October 9, 2023, has drawn significant attention and its fair share of criticism. Can BitVM Set a New Precedent for Bitcoin’s Smart Contracts? BitVM was proposed in a recent white paper by blockchain programmer Robin…