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Join Our Telegram channel to stay up to date on breaking news coverage dWallet Labs, a cybersecurity company focused on blockchain technology, has made a significant announcement regarding the development of the Odsy Network and the dWallet primitive. The company has unveiled Tiresias, a groundbreaking work that enables the application of massive-scale threshold Paillier settings in real-world scenarios. This breakthrough opens up the possibility of performing secure multiparty computation (MPC) among thousands of participants in a trustless manner. By releasing the implemented code alongside the paper, dWallet Labs demonstrates how thousands of parties can execute numerous operations within seconds. In Web3, MPC and threshold cryptography play crucial roles in securing assets and eliminating the vulnerability associated with private keys. Rather than relying on a single private key, MPC protocols in Web3 generate ECDSA signatures using a threshold of parties. Various state-of...

Join Our Telegram channel to stay up to date on breaking news coverage Binance, a prominent cryptocurrency exchange, has reversed its decision to delist specific privacy tokens across multiple European markets.  The leading coin trading platform will now maintain the availability of trading for these digital assets by reclassifying them to align with EU regulations. Binance to Retain Support for Privacy Coins Despite Initial Delisting Plans Binance has reversed its plan to delist privacy-oriented cryptocurrencies in several EU jurisdictions. After receiving feedback from some projects and traders, the company decided. #Crypto #exchange #Binance  reverses planned delisting of #privacy #coins in some #EU markets pic.twitter.com/9LPi6ZqA9s — Bella Queen NFT (@BellaQueenNFT) June 29, 2023 Last month, Binance informed its customers that it intended to remove 12 privacy coins in France, Spain, Italy, and Poland. These coins were:Dash (DASH), Verge (XVG), Beam (B...

One of the largest asset management companies in Hong Kong, Hang Seng Investment Management Co., is reviewing the possibility of tapping into the decentralized ecosystem. On June 26, one of the largest banks in Hong Kong, HSBC, unveiled bitcoin (BTC) and ethereum (ETH) exchange-traded funds (ETFs), becoming the first bank to do so, which opened the possibility of bringing cryptocurrencies closer to the region. Hang Seng Investment Management Co., Ltd., the largest ETF manager in Hong Kong, said it is reviewing the possibility of deploying crypto currencies in existing investment products, after HSBC, the largest bank in Hong Kong, announced that it would allow its customers to purchase… https://t.co/AYmwYcz7qp — Wu Blockchain (@WuBlockchain) June 29, 2023 The director and chief executive officer of Hang Seng Investment Management, Li Peishan, said that while there is no clear goal to develop a crypto ETF, the company is trying to analyze the possibility of mixing digital ...

As a result of the judgment, the defendant is also now prohibited from engaging in any trading activities within markets regulated by the CFTC and is barred from registering with the regulatory body. On June 28th, the Commodity Futures Trading Commission (CFTC) announced that Judge Naomi Reice Buchwald of the U.S. District Court for the Southern District of New York had issued a default judgment that granted a permanent injunction against Michael Ackerman, a resident of Alliance, Ohio.  Today a federal court ordered an Ohio man to pay more than $50M for a fraudulent digital asset trading scheme. Learn more: https://t.co/z0WOqXIqih — CFTC (@CFTC) June 28, 2023 Ackerman is now subjected to a ban from participating in any trading activities within CFTC-regulated markets and is prohibited from registering with the CFTC. Alongside these restrictions, the judgment mandates Ackerman to provide $27 million in restitution to the victims who suffered from his fraudulent digital asset tradin...

Jun 28, 2023 at 08:08 // Price Author Coin Idol Cryptocurrency analysts of Coinidol.com report, the coins listed below have all fallen drastically and are considered the worst performing cryptocurrencies. BIT SUI and TWT are trading below their moving average lines and are expected to fall further. RPL and MKR have reached bearish exhaustion and are currently trading sideways. I will briefly discuss some of these cryptocurrencies. BitDAO The price of BitDAO (BIT) is falling below the moving average lines. Today, the cryptocurrency's value fell to a...

A federal judge presiding over the case involving former FTX CEO Sam Bankman-Fried (SBF) has rejected the motions presented by his legal team, which aimed to dismiss all but three of the criminal charges brought against him. Consequently, SBF is expected to face a total of 13 criminal counts across two separate trials, scheduled to commence in October 2023 and March 2024. A response to the May 8 motion On June 27, Judge Lewis Kaplan of the United States District Court for the Southern District of New York issued a memorandum opinion on motions that aimed to halt the discovery and disclosure of specific information related to the case.  SBF’s legal team had filed motions on May 8 seeking the dismissal of 10 out of the 13 criminal charges he faced, with the intention of leaving only conspiracy to commit commodities fraud, conspiracy to commit money laundering and conspiracy to commit securities fraud. During the evaluation process, the judge carefully considere...

Join Our Telegram channel to stay up to date on breaking news coverage The PlusToken scam remains one of the most extensive in the crypto industry’s history. However, authorities have also done a stellar job when it comes to crackdowns. According to reports, Chinese authorities have managed to recover up to $4.2 billion in digital assets from the fraud scheme. PlusToken’s Quick History Earlier today, industry news source The Black reported that the Jiangsu Yancheng Intermediate People’s Court provided a breakdown of the crypto assets that police have seized concerning the PlusToken scam. As the court highlighted, law enforcement has so far gotten 194,775 BTC, 833,083 ETH, 487 million XRP, 27.6 million EOS, and 1.4 million LTC. They’ve also seized 213,724 USDT, 74,167 DASH, 6 billion DOGE, and 79,581 BCH. In total, these assets are worth over $4.2 billion. As the court added, all seized cryptocurrencies will be processed in compliance with Chinese financial la...

Also Read: Cardano Price Analysis Today: Is $ADA Price Ready to Reclaim $0.3? advertisement The recent rally in Bitcoin price came at the back of back to back lawsuits against crypto exchanges Coinbase and Binance, after which the Crypto Market looked largely unfazed in terms of price changes. Quarterly Expiration Week Options market data suggests that a massive share of BTC and ETH quarterly positions account for open interest by expiration. Therefore, this could have a market moving impact when the positions expire on Friday, June 30, 2023. According to numbers from AmberData, “150,633 BTC options contracts worth $4.57 billion & $1.23 million ETH contracts valued at $2.3 billion will expire on Deribit Exchange.” Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read ...

Despite the aggressive push by the bulls, Bitcoin price could no longer sustain gains beyond its 12-month high of $31,428. advertisement Bitcoin Price Nurtures Healthy Pullback According to analysts at Rekt Capital, “When a BTC correction ends so convincingly… It’s highly unlikely another deep correction will occur right after. Any downside would likely be dips as part of new uptrend continuation.” Bitcoin price is currently fighting for support at $30,000 following the pullback from $31,428. It is plausible that this correction is part of the larger uptrend brought about by last the improved market structure. In the same way, as the Rekt Capital analyst says, BTC may be circling back to either $30,000 or $29,000 to allow more buyers to join the market and capitalize on the anticipated move to $38,000. Recommended Articles Crypto Presale Pr...

Rumors are circulating that Ripple, a San Francisco-based fintech company, may be considering a buyback of 10 billion XRP. However, these rumors have been called into question by skeptics such as lawyer John E. Deaton. In their social media comments, they urge the community to wait for an official confirmation from Ripple. Crypto lawyer awaiting Ripple’s clarification on rumors Deaton expressed his doubts via Twitter, saying he would not believe the buyback news until he received official validation from Ripple. I don’t believe @Ripple is buying back 10B #XRP until I hear it from Ripple. — John E Deaton (@JohnEDeaton1) June 24, 2023 The potential buyback has substantial implications for the company and the broader XRP community.  Firstly, it would signal Ripple’s confidence in XRP, suggesting that the company perceives the coin as currently undervalued and expects its future value to rise. This confidence could boost investor sentiment, potentially driving up...

Energy Web is moseying on over to the Polkadot ecosystem in a bid to scale the renewables-focused firm’s decarbonization product line designed to appeal to traditional energy behemoths.  The nonprofit had been running its tech stack on a proprietary blockchain based on Ethereum and the Ethereum Virtual Machine (EVM).  The ongoing transition to Polkadot — where Energy Web has applied to become a parachain — is designed to bake in flexibility to craft a “Web3 as a service” setup, according to Jessie Morris, Energy Web’s chief executive.  Morris, in an exclusive interview with Blockworks on Tuesday, said Energy Web’s first iteration of the London nonprofit’s in-house EVM chain was a “little vanilla .”  A main upside of Energy Web’s pivot toward Polkadot (DOT), according to Morris, is to take part in the protocol’s “shared security model,” adding that “one of the biggest benefits of injecting some Web3 tech to their stack is enhanced cybersecurity” through decentralization.  The ide...

A way to earn sustainable yield has landed in Southeast Asia. Cryptocurrency asset management platform Finblox is bringing tokenized US Treasurys to emerging markets across Southeast Asia. The Singapore-based startup’s self proclaimed “superapp” will be partnering with OpenEden to bring a smart contract vault that provides 24/7 access to tokenized Treasury bills . The plan is for the product to be made available to customers in the Philippines, Indonesia, India and Vietnam.   A significant portion of the unbanked population live in emerging markets , Peter Hoang, CEO of Finblox told Blockworks. The partnership ought to offer a safer, less risky mechanism to offer sustainable yield, he said.  “Treasury bills are considered to be one of the safest assets on earth,” Hoang said. “OpenEden is an institution that is accredited and licensed by the Monetary Authority of Singapore, and are aligned with our vision of democratizing finance and building in a safe and transparent way.” Ho...

SAP, the German software company, has embarked on cross-border payment testing by utilizing Circle’s USDC stablecoin, aiming to address the complexities associated with international money transfers. The company’s experimentation with the widely recognized stablecoin was disclosed in a recent blog post, where it was revealed that the testing is being carried out on an Ethereum test network. Crossing border experiment SAP highlighted the key challenges they aim to address through their cross- border payment tests. These challenges include the high cost of transactions, which can amount to up to $50 per transaction, as well as the slow speed of up to 7 days to transmit money. Additionally, the lack of transaction status transparency was recognized as another issue. To showcase the future potential of cross-border payments with digital money, SAP unveiled a preview of their SAP Digital Currency Hub. They invited users to register and test this payment method leveraging C...