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Over the last decade, Mt. Gox has repeatedly backtracked on plans to reimburse the funds that the crypto exchange had barred its users from withdrawing — effective from Feb 25, 2014. Mt. Gox’s infamous 2014 security breach — that lost 850,000 Bitcoin (BTC) of investors’ funds — resulted in its users embarking on a seemingly never-ending, decade-long pursuit of closure via funds reimbursement. Over the years, Mt. Gox has backtracked on its numerous plans to reimburse the funds that the crypto exchange had barred its users from withdrawing — effective from Feb 25, 2014. Latest notice concerning the change of repayment deadlines. Source: Mtgox.com However, with Mt. Gox postponing its repayment deadlines by one more year, from Oct. 31, 2023, to Oct. 31, 2024, the wait for redressal extends into the 11th year for Mt. Gox investors. Mt. Gox 2014: The year of the largest Bitcoin hack - (Avg. BTC price $420) Days after Mt. Gox lost 850,000 BTC in the February 2014 breach, leaked documents r...

Meta has rolled out early access for Horizon Worlds on web browsers and mobile devices. In this week’s newsletter, read about how marketplace Magic Eden integrated compressed nonfungible tokens (NFTs) into its platform and how Meta launch ed its metaverse game on mobile and web. Check out why the Bitcoin Ordinals creator proposes changing the protocol’s numbering system and learn about Atari founder Nolan Bushnell’s perspectives on play-to-earn gaming. In other news, the United States Securities and Ex change Commission (SEC) has charged NFT collection Stoner Cats with offering unregistered securities.  Meta’s Horizon Worlds launches on mobile and web in early access Meta has announced it has started rolling out Horizon Worlds on mobile devices and web browsers. The launch to mobile and web includes a free-for-all shooter game called Super Rumble, where two to six players can play together in fast-paced shooting matches. The launch is only in early access, meaning only a few peo...

Cheqd, a startup that offers people and organizations the capacity to exercise control over and transfer their identity data, has just introduced Credential Payments.  This novel feature is integrated into their decentralized network and Software-as-a-Service (SaaS) offering, known as Credential Service. The introduction of this platform enables both companies and people to get compensation for sharing their identification data, all while ensuring the preservation of privacy, according to the latest news shared with Finbold on September 20. Furthermore, this development also entails the establishment of infrastructure to facilitate the emergence of Trusted Data marketplaces, thus establishing a new business category.  Self-Sovereign Identity (SSI)  Credential Payments is an innovative feature within the realm of Self-Sovereign Identity (SSI) that facilitates the process of settling on-chain payments for Trusted Data. This data is securely held off-chain in order to...

As investors seek the next big crypto breakthrough, three contenders have emerged: D omini.art , NEAR Protocol, and Binance’s $ BNB . Each presents a unique value proposition, from bridging the gap between art and finance to revolutionizing decentralized applications and benefiting from the robust Binance ecosystem. In this article, we’ll explore these options to help you navigate the exciting terrain of crypto investments. Why $BNB stands out as a top contender $ BNB , the native cryptocurrency of the Binance platform, presents a compelling investment opportunity for several reasons. Firstly, Binance is the world’s largest and most reputable cryptocurrency exchange, providing a secure and liquid environment for $ BNB trading. Additionally, $ BNB offers multiple use cases within the Binance ecosystem. It can be used to pay trading fees, participate in token sales, and access various DeFi services on the Binance Smart Chain. The gr...

Mark Scott, a lawyer jailed for 20 years for laundering $400 million from the OneCoin fraud, was denied a new trial even after it was confirmed that a key government witness had lied during his trial. In denying the motion at a Sept. 18 hearing, District Judge Edgardo Ramos said he was unconvinced that “an innocent person may have been convicted.” Lawyers for Scott said they would appeal the ruling. They said they were “disappointed that the court did not grant a new trial given the undisputed evidence that the government’s sole cooperating witness perjured himself.” A key prosecution witness in Scott’s case was Konstantin Ignatov, brother of “crypto queen“ Ruja Ignatova, the mastermind behind the $4 billion OneCoin scam. Ignatov has admitted that he lied on the witness stand and that he helped his sister commit the fraud. Scott, 54, was convicted in November 2019 of helping to launder money and commit bank fraud. Prosecutors said he ...

Stellar (XLM) will activate the testnet for Protocol 20, its latest network upgrade, on September 20 at 15:00 UTC. The upgrade will introduce the Soroban smart contracts on mainnet. XLM price was largely muted around $0.11. Stellar is preparing for its biggest network upgrade – the upcoming Protocol 20 upgrade – which will introduce Soroban smart contracts to the mainnet. The upgrade will benefit developers and businesses building on Stellar, according to an announcement published on Monday. Prepare for #Stellar’s Protocol 20 upgrade! It’s the biggest one yet, introducing Soroban smart contracts. Things to know: 1. Testnet upgrade on Sep 20, 1500 UTC 2. Update Stellar-related software 3. Stay updated in the (#protocol-20) discord channel 4. Go here for more info… — Stellar (@StellarOrg) September 18, 2023 Introducing Soroban smart contracts Soroban is a developer-friendly, Rust-based smart contracts platform designe...

The crypto market has been volatile in the past few weeks. While many coins struggle to recover, analysts hold high hopes for some projects. Based on their Analysis of Chainlink (LINK), Hedera (HBAR), and Pomerdoge (POMD), they expect prices to grow by the end of the year. Chainlink activity rising Investors are bullish on Chainlink’s prospects, citing the growing trading volume, up 20% on the last day.  With rising volumes, traders expect LINK prices to break above the $6.21 resistance level.  If this happens, the token may surge to above $8 by December. Hedera showing signs of growth Like Chainlink, traders are also tracking Hedera.  Although HBAR prices fell 16% in the last month, the coin is up 2% on the previous day, and traders expect more growth in the coming days.  You might also like: Hedera unveils open-source toolkit for stablecoin developers Analysts expect HBAR prices to break above $0.060 as bulls push for $0.062 by the end of Decem...

TL;DR Bitcoin has now crossed the $27k level after adding more than 2% to its value today. Shiba Memu’s presale is now closing in on the $3 million mark. The cryptocurrency market has been bullish today, with prices of most cryptocurrencies up by more than 2%. With the market in a bullish state in the last few days, Shiba Memu is also closing in on a new record as its presale now stands above $2.9 million. Bitcoin crosses the $27k mark Bitcoin, the world’s leading cryptocurrency by market cap, has been performing well in recent days. It added more than 2% to its value over the past 24 hours as the rally continues. At press time, the  price of Bitcoin stands at $27,290, up by 2.6% so far today. Bitcoin’s positive performance has also seen the broader crypto market embark on a mini rally. The total cryptocurrency market cap now stands at $1.08 trillion, up by more than 2% in the last 24 hours.  What is Shiba Memu? With the...

The Columbia District Court approved the SEC’s motion to unseal the documents related to its lawsuit against Binance. The documents were previously sealed at the request of the SEC and available only to attorneys. John Reed Stark throws an open discussion on X, providing an opportunity for his followers to clear up their queries on crypto-related matters. In an astonishing turn of events in the SEC-Binance legal tussle, Columbia District Court Magistrate Judge Zia Faruqui has recently approved the Securities and Exchange Commission’s (SEC) motion to unveil the documents related to the lawsuit, facilitating public access. According to the court filing, the documents that were sealed as per the demand of the SEC would be unsealed at the request of the same. Previously, in August, the SEC filed a petition in the U.S. District Court for the District of Columbia, requesting the court redact the documents in the case against Binance, BAM Trading, and Binance CEO C...

Analytics firm IntoTheBlock says that major Ethereum (ETH) layer-2 (L2) protocols are evolving and finding their respective niche. IntoTheBlock says that Ethereum-scaling solutions Base, Arbitrum (ARB) and Optimism (OP) are carving out their own paths and creating a “robust and diverse ecosystem.” Looking at Base first, the analytics firm says that Coinbase’s new layer-2 protocol is benefitting from the crypto exchange’s massive user base and the rise of blockchain-based social networking platform Friend.tech. “ Ethereum’s L2 landscape is witnessing a surge of specialization among its key players. Base is leading with the highest number of unique addresses and transactions, a momentum driven by Coinbase’s expansive reach. Perfect for social apps like FriendTech to flourish.” In a new report, IntoTheBlock notes that Friend.tech has attracted more than 100,000 users in just a few weeks after launching. “This h...

Layer-2 scaling solution Polygon (MATIC) is introducing new proposed changes to the network’s protocols as the initial phase of its anticipated technical upgrade begins. In June, Polygon Labs announced that the blockchain will transition to Polygon 2.0, which aims to make the project the “value layer of the internet.” In a new statement on social media platform X, the developer says the network is rolling out Phase 0 of Polygon 2.0 with the release of three Polygon Improvement Proposals (PIPs). The PIPs seek to see MATIC’s native asset converted into POL token and POL being used as the protocol’s native gas token and staking token. “This summer, Polygon Labs unveiled the roadmap for Polygon 2.0, which aims to scale Ethereum blockspace to create the Value Layer of the Internet, providing unlimited scalability and unified liquidity. To deliver this vision Polygon’s protocol architecture needs to be upgraded, with Phase 0 announced today.” The Polygon develo...

Bullish HIFI price prediction ranges from $2.578 to $2.778. HIFI price might also reach $3 this 2023. HIFI’s bearish market price prediction for 2023 is $0.249. What is Hifi Finance (HIFI) ? Hifi describes it as a decentralized finance protocol that allows people to lend and borrow crypto at a fixed interest rate. According to CoinMarketCap, Hifi consists of decentralized interest rate markets, maturing on specific dates. Moreover, this decentralized finance protocol utilizes the Automated Market Maker model which users supply tokens to liquidity pools and an algorithm sets the interest rate based on supply and demand. Furthermore, HIFI, an ERC20 token, is used for governance and various other benefits within the platform. Through the Hifi governance, token holders could take part in decision-making by voting and proposing changes. The voting rights would be automatically adjusted according to the owner’s token balance. Table of contents What is Hifi ...

Analysts at market intelligence platform Santiment suggest that the Ether market may experience increased volatility, potentially leading to a recovery. Through an examination of Ethereum's (ETH) on-chain activity, market intelligence platform Santiment has published a report indicating that the count of daily active Ether addresses experienced a notable increase, reaching around 1,089,893 on Sept. 13. This recent upsurge represents the second -highest number of daily active addresses ever recorded in Ethereum's history . The highest count was registered on Dec. 9, 2022, aligning with Ether's reevaluation following its losses from the post-2021 bear market. As a result, analysts at Santiment suggest that the Ether market may experience increased volatility, potentially leading to a recovery. Additionally, this uptick in on-chain activity indicates a growing demand for the underlying asset. The #Ethereum network just saw 1,089,893 unique wallets acting as a sender or...

Built into Opera Mini, the MiniPay self-custodial stable coin wallet sends and receives transactions in less than 5 seconds, Celo claims. Opera has developed a new dollar stable coin wallet on the Celo network for its Android browser Opera Mini to bring more users into the web3 space. MiniPay interface on Opera Mini | Source: Opera In a blog post on Sept. 13, Celo said the so-called MiniPay wallet weighs 2 megabytes and will be initially available only in Nigeria, expanding to Kenya, Ghana, and South Africa in the coming months. You might also like: Curve.Finance now live on the mobile-focused blockchain, Celo Celo says the companies picked Africa for the launch due to its poor infrastructure and high unemployment rates, which presents a “unique opportunity to offer a more stable way to store and send money using digital assets.” “Users in Nigeria, Kenya, Ghana, and South Africa have indicated that even when satisfied with their current payment soluti...

The BNB Chain development team has unveiled launched opBNB on the mainnet to scale decentralized applications (dapps). This milestone comes after a rigorous testing phase aimed at assessing the network’s overall reliability and functionality. Today, we're launching the opBNB mainnet! Our Layer 2 solution is now fully released to the public, allowing for lightning-fast transactions and super-low fees! Let's dive deeper into the incredible benefits this brings to BSC [1/6]https://t.co/vRK7Pbyk4b pic.twitter.com/hqxt3ChsR4 — BNB Chain (@BNBCHAIN) September 13, 2023 Built on Optimism’s software package known as OP Stack, opBNB is a layer-2 scaling solution engineered to accelerate transaction speeds and diminish fees for dapps. The technology allows for the deployment of Ethereum(ETH)-compatible dapps on an off-chain layer , subsequently securing these transactions through the BNB Chain using optimistic rollup technology. This architecture aims to resol...

Known as the Hashdex Nasdaq Ethereum ETF, this investment fund is the first filing for futures and spot Ether holdings under the ‘33 Act and is overseen and supervised by Toroso Investments. The Nasdaq stock exchange has submitted an application to the Securities and Exchange Commission (SEC) seeking approval to list an Ethereum Exchange-Traded Fund (ETF) offered by Hashdex, an asset management company. This ETF is designed to include a combination of spot ether holdings and futures contracts in its portfolio and pioneering a new approach to crypto currency investment within the regulatory framework.  Known as the Hashdex Nasdaq Ethereum ETF, this investment fund is the first '33 Act Ethereum futures filing of futures Ethereum under the ‘33 Act and is overseen and supervised by Toroso Investments. Toroso Investments is registered as a commodity pool operator with the Commodity Futures Trading Commission (CFTC) and is also a member of the National Futures Association. The current ...

Stablecoins from Circle and MakerDAO have been less stable than those from Tether and Binance in the last couple of years, states a new S&P Global report. Analysts at S&P Global have noted that while all dollar-pegged stablecoins are susceptible to fluctuations, certain ones, like Circle’s USD Coin (USDC) and MakerDAO’s Dai (DAI), have exhibited a greater tendency to depeg compared to others. A comprehensive study conducted in September by Dr. Cristina Polizu, Anoop Garg, and Miguel de la Mata analyzed the valuation and depegging trends of five prominent stablecoins: USDT, BUSD, Paxos (USDP), USDC, and DAI. You might also like: USDC market cap hits two-year low even after Coinbase stake The findings highlighted that USDC and DAI have experienced more frequent depegging incidents than their counterparts, USDT and BUSD, over the past two years. Notably, USDC’s value plummeted below $0.90 for 23 minutes, and DAI’s value dipped for 20 minutes i...