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EY Announces First Corporate Client for EY Blockchain Analyzer: Reconciler

The tool will use analytical dashboards to identify transaction errors, wallet address balances and digital signatures. Ernst & Young (EY) Global has announced the first corporate client for its EY Blockchain Analyzer: Reconciler. Per the announcement, Fidelity Digital Assets, a subsidiary of Fidelity Investments, became the first enterprise to use the tool after its launch in February. EY Global Blockchain Leader Paul Brody believes that a robust internal risk management process and operational excellence are necessary for cryptocurrency platforms to gain a competitive edge and instill trust among investors and regulators. This, he said, is what the EY Blockchain Analyzer:...

Unraveling the Dark Side of Crypto

At the Financial Times’ recent Crypto and Digital Assets Summit, the director of the FBI’s National Cryptocurrency Enforcement Team (NCET), Eun Young Choi, acknowledged that “We are seeing cryptocurrency and digital assets really touch every aspect of criminal activity we investigate.” This includes illicit actors across a very broad spectrum of activity, everything from ransomware to narcotics smuggling to rogue states to terrorist financing. Cryptocurrency is now increasingly the preferred means of carrying out their dirty business. This op-ed is part of CoinDesk's State of Crypto Week , sponsored by Chainalysis. Evan Kohlmann is the CEO of Cloudburst Technologies ,...

Marathon Digital Boosts Production Capacity By 20%, Mines 1,242 BTC in September

Source: AdobeStock / Photocreo Bednarek Bitcoin miner, Marathon Digital (MARA) increased its monthly production hash rate by 20%, recording an uptick in share prices amid an uncertain crypto market. In its September Production Update , the miner produced 1,242 Bitcoin ( BTC ) marking a 16% growth from August and a 245% increase in the last 12 months. Marathon Digital Holdings’ September #Bitcoin Production Update is here: – Increased Monthly Average Operational Hash Rate 20% – Produced 1,242 BTC in September 2023 and 8,610 BTC Year-To-Date – Record Monthly Share of Miner Rewards at 4.3% – Combined Unrestricted Cash and…...

PayPal Deepens Crypto Footing With Layer-2 Solutions and NFT Patent Applications

PayPal / Source: Adobe PayPal has filed a series of patent applications that indicate the payments giant aims to research and build up across multiple domains within the cryptocurrency ecosystem. One of the latest patent applications, filed in March 2022 and made public on Thursday, delves into the selection process for validators or miners responsible for adding transactions to the blockchain.  The document states that the company’s disclosed techniques could “advantageously allow steering of blockchain requests to a desired subset of miners/validators.” Three additional patent applications, also filed in March 2022 and published on September 21, explore different aspects of...

Shiba Inu and XRP Whales Buy New AI Altcoin Presale with 2,500% Upside

The cryptocurrency market has not performed as expected since the beginning of this month, even though it ended September with an impressive performance. Two cryptocurrencies that have experienced bearish prices these past months are Shiba Inu ($SHIB) and Ripple ($XRP). Although they’ve pushed higher, they’re still unable to meet investors’ expectations, especially with ongoing concerns about Ripple’s lawsuit and Shiba Inu’s increased trading volume. This loss of confidence has driven $SHIB and $XRP whales to search for new opportunities like InQubeta ($QUBE) that promise profits. InQubeta has recently become known for its impressive performance in its ongoing presale. The event...

UNESCO, Netherlands team up to design for AI governance frameworks

The United Nations Educational, Scientific and Cultural Organization (UNESCO) has entered into a partnership with the Dutch government to explore the creation of a framework to support the ethical supervision of artificial intelligence (AI). UNESCO confirmed the collaboration via an official statement, describing the joint project as its attempt to promote the safe usage of AI across the globe. Dubbed ‘Supervising AI by Competent Authorities,’ the project will see participation from the Dutch Authority for Digital Infrastructure receive funding from the European Commission’s Technical Support Instrument (TSI). The project will explore several institutional arrangements for proper AI governance and methods...

Bitcoin Is Up 100% This Year. It's Not Just Because of Spot BTC ETF Hype

Bitcoin rallied past $34,000 this week, and is up 106% so far this year after 2022's grueling grind lower. The latest surge supposedly happened on excitement around a potential spot ETF approval, but are other factors at work? Constrained supply, underinvested market participants and bitcoin's rejuvenated shine as a safe haven from troubled traditional markets and geopolitical turmoil are catalysts worth considering. Bitcoin (BTC) managed a monster rally over the past week on two spot ETF stories that turned out to be complete fugazis. That the price has barely pulled back even after the fake news was outed suggests maybe...

Staking on LUKSO? Look no further: A new liquid staking protocol just went live

Presented by LEEQUID The liquid staking protocol, LEEQUID, eliminates entry barriers for crypto enthusiasts seeking to stake their coins. It is designed to be user-friendly, catering to individuals lacking technical expertise in running their nodes. It is the first staking pool for LUKSO, a newly released layer-1 blockchain focused on improving the UX within Web3. Staking is one of the most exciting developments seen in the crypto industry for several years. It allows holders of eligible coins to lock them up — and help secure the network. While it wasn’t the first blockchain to adopt proof-of-stake (PoS), Ethereum helped bring...

Cardano Founder Addresses ETHGate Rumors: Did Ethereum Bribe The SEC To Go After XRP?

Cardano founder Charles Hoskinson recently gave his thoughts on whether the US Securities and Exchange Commission (SEC) had given Ethereum a regulatory free pass as recent rumors suggest.   Cardano Founder Alleges Favoritism Toward Ethereum In an AMA session shared on X (formerly Twitter), Hoskinson mentioned that the Himman emails and other revelations expose the thought process of the SEC and show that there was unequal application, which he doesn’t see anything wrong with. Furthermore, he believes that none of the Commission’s actions presupposes corruption but only favoritism.  It is worth mentioning that Hoskinson happens to be a co-founder of Ethereum...

Nigeria Leads Sub-Saharan Africa in Cryptocurrency Trading with $60 billion!

Home / Crypto Live News / Nigeria Leads Sub-Saharan Africa in Cryptocurrency Trading with $60 billion! According to a recent report by Chainalysis, sub-Saharan Africa accounts for only 2.3% of the global cryptocurrency trading volume. However, Nigeria is the largest market in the region, with almost $60 billion in trading volume between July 2022 and June 2023. South Africa closely follows, with $20 billion in trading volume. Kenya, Mauritius, and Ghana ranked third, fourth, and fifth, respectively. The report also noted that, due to a lack of reliable financial infrastructure, many people in the region turn to cryptocurrency as an...