Russian intelligence might have a lot to do with helping former Wirecard COO Jan Marsalek disappear into thin air. Jan Marsalek, the former chief operations officer of Wirecard who went missing after his supposed trip to the Philippines last month to chase the missing 2 billion Euro in the company’s books, has been located in […]
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The growing utilization of Chainlink oracles in DeFi protocols has seen LINK’s token price rise considerably, but is a significant decline looming? Chainlink’s token, LINK, is once again among the most talked-about altcoins, having surged over 370% year-to-date. In July alone, the now ninth-largest crypto by market cap has gained close to 80%, with blockchain […]
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The recent Twitter hack shows us that centralized infrastructure is still vulnerable, but DIDs, SSI and blockchains can change the paradigm. Murphy’s law states: “Anything that can go wrong will go wrong.” It always happens with centralized services. A year ago, we saw how half a million Facebook accounts were leaked online, exposing personal data. […]
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Northern Data’s head of finance calls whistleblowers “anonymous trolls” and says that the company is completely transparent. European Bitcoin (BTC) mining firm Northern Data has seen its stock fall 40% in days amid claims that it committed fraud. Data from Bloomberg showed the company’s NB2 stock trading at under €47 ($53.70) at the end of […]
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In this week’s newsletter, we look at a series of developments that test the limits of governmental authority over crypto, as well as the contest with social media. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note New developments in crypto this week […]
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Crypto mining can harm the country’s electricity distribution, says a Venezuelan minister. Venezuelan Minister of Habitat and Housing Ildemaro Villarroel announced today that crypto mining operations won’t be allowed in any state-owned housing or neighborhoods that are part of the “Gran Misión Vivienda” project (Great Home Mission). During an official speech on July 15, Villaroel […]
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Shifting estimates of China’s Bitcoin mining presence come with the proviso that much capacity remains “unaccounted for.” China controls much less Bitcoin (BTC) mining power than people think, according to a new survey. Released on July 16 by asset manager Fidelity and crypto research firm BitOoda, the survey reveals that China is actually responsible for […]
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Japan may need to rely on the United States to have some influence over the development of digital currencies. Japan is behind the curve on the establishment of a central bank digital currency and should throw its weight behind the United States establishing a digital dollar, says Takaya Nakamura, an executive from Japanese crypto exchange […]
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Riot Blockchain is deploying its first tranche of 1,000 Antminers S19 Pros and expects its hash rate to tag 357 petahashes per second. Publicly-listed Bitcoin (BTC) mining firm Riot Blockchain expects to increase its hash rate by 45% after receiving 1,000 Bitmain S19 Pro Antminers. The batch of miners comprises the first of three tranches […]
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Gansu province is now connected to the state-run Energy Zone Blockchain public service platform. An energy supplier in China has successfully deployed its first blockchain node. This node went live through the government-backed network, the State Grid Corporation of China. According to The Paper, Gansu province becomes the second provincial power company outside the State […]
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