The Treasury Department will warn the White House that cryptocurrencies could pose significant financial risks that outweigh their benefits unless the government rolls out major new regulations, Washington Post reported Thursday, citing two people familiar with the matter. Through four separate reports this month, Treasury is expected to make clear Read more…
Just months after Samsung announced that it’s bringing non-fungible tokens (NFTs) to its TVs, now LG’s doing the same. The company’s new NFT marketplace, called LG Art Lab, lets you “buy, sell and enjoy high-quality digital artwork” from your TV. For now, only users in the US with an LG Read more…
A simple digital card praising Islamist militants for an attack on a Taliban position in Afghanistan last month is the first known nonfungible token created and disseminated by a terrorist sympathizer, according to former senior U.S. intelligence officials. It is a sign that Islamic State and other terror groups may Read more…
It’s the one-year anniversary of El Salvador’s adopting Bitcoin as a legal tender, so Bloomberg follows up, finding a country where “Adoption has moved slowly, and steep declines in Bitcoin’s price from those lofty levels last fall have dampened the early euphoria that swept across the nation.” “Bitcoin hasn’t replaced Read more…
The Australian Mint has released a coin in partnership with the Australian Signals Directorate (ASD) that has incorporated a code-breaking challenge in the design. The coin is to mark the 75th anniversary of the spy agency and incorporates a code with four layers of encryption — each layer progressively harder Read more…
Faruk Fatih Ozer, the founder and CEO of the now-defunct crypto exchange Thodex, has been arrested in the Albanian city of Vlore. Ozer fled following the collapse of Thodex in April 2021: he initially claimed a halt in trading was due to cyberattacks, and that investors’ money was safe, before Read more…
Ethereum’s developers have officially confirmed September 6 as the date for Ethereum’s long-anticipated transition from proof of work to proof of stake, known as The Merge. From a report: “Following years of hard work, Ethereum’s proof-of-stake upgrade is finally here!” the Ethereum Foundation wrote in a blog post on Wednesday. Read more…