US Government 210K Bitcoin Stash Hits $14.4B in Unrealized Gains
CoinGape (RSS)
The US government’s strategic accumulation of Bitcoin (BTC) has resulted in a substantial increase in unrealized gains, with the value of its holdings now estimated at $14.4 billion. This collection, which has 210,392 BTC, makes the United States one of the largest Bitcoin holders worldwide. The head of CryptoQuant, Ki Young Ju, pointed out that several government sections, namely the Department of Justice and the Internal Revenue Service, have not traded any Bitcoin since July 2023, which results in their 2.4-times unrealized profits.
However, Arkham platform analysts have estimated the government’s Bitcoin stash at 215,245 BTC, which is approximately $14.8 billion. This wallet also holds other cryptocurrencies like Ethereum (ETH), USD Coin (USDC), Dai (DAI), and ...
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CoinGape (RSS)
The US government’s strategic accumulation of Bitcoin (BTC) has resulted in a substantial increase in unrealized gains, with the value of its holdings now estimated at $14.4 billion. This collection, which has 210,392 BTC, makes the United States one of the largest Bitcoin holders worldwide. The head of CryptoQuant, Ki Young Ju, pointed out that several government sections, namely the Department of Justice and the Internal Revenue Service, have not traded any Bitcoin since July 2023, which results in their 2.4-times unrealized profits.
However, Arkham platform analysts have estimated the government’s Bitcoin stash at 215,245 BTC, which is approximately $14.8 billion. This wallet also holds other cryptocurrencies like Ethereum (ETH), USD Coin (USDC), Dai (DAI), and ...
View original post
White House Pushed to Address Binance Executives’ Nigeria Detention
CoinGape (RSS)
Tigran Gambaryan, a U.S. citizen and the head of the criminal investigations team at Binance, along with a colleague, have been detained by Nigerian authorities since February 26, 2024. The circumstances surrounding their detention, reportedly without charges and under questionable conditions, have prompted calls for the U.S. government’s intervention.
Unjust Detention to Binance Executives
Gambaryan was allegedly lured to Nigeria under false pretenses and subsequently detained by armed personnel, along with a Binance colleague. They were stripped of their passports and have been detained at an unknown location, which sparked accusations of a government plot to extort a hefty ransom from ...
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CoinGape (RSS)
Tigran Gambaryan, a U.S. citizen and the head of the criminal investigations team at Binance, along with a colleague, have been detained by Nigerian authorities since February 26, 2024. The circumstances surrounding their detention, reportedly without charges and under questionable conditions, have prompted calls for the U.S. government’s intervention.
Unjust Detention to Binance Executives
Gambaryan was allegedly lured to Nigeria under false pretenses and subsequently detained by armed personnel, along with a Binance colleague. They were stripped of their passports and have been detained at an unknown location, which sparked accusations of a government plot to extort a hefty ransom from ...
View original post
US manufacturing firms are flocking to the metaverse — WEF
Cointelegraph.com News (RSS)
According to the World Economic Forum, the automotive, energy, software, aerospace and defense industries are leading the way for industrial metaverse investment.
Cointelegraph.com News (RSS)
According to the World Economic Forum, the automotive, energy, software, aerospace and defense industries are leading the way for industrial metaverse investment.
Bankman-Fried Verdict Is Proposed Up To 50 Years In Prison
Coincu (RSS)
The Bankman-Fried verdict's impact on cryptocurrency fraud deterrence and victim compensation was emphasized.Read more...
Coincu News
Coincu (RSS)
The Bankman-Fried verdict's impact on cryptocurrency fraud deterrence and victim compensation was emphasized.Read more...
Coincu News
Binance Earns Recognition from Taiwan for Collaborative Efforts in Law Enforcement
Cryptopolitan (RSS)
In a significant acknowledgment of its commitment to security and regulatory compliance, Binance, the world’s leading cryptocurrency exchange, has been commended by Taiwan’s Ministry of the Interior for its unparalleled cooperation with law enforcement agencies in the fight against fraudulent activities involving virtual assets.
The collaboration marks a milestone in the ongoing battle against cybercrime and highlights Binance’s role as a responsible actor in the global financial ecosystem.
Binance navigating partnership in virtual asset security
Binance stands out among over a thousand international virtual currency exchanges for its unique partnership with Taiwan’s domestic law enforcement. It has provided critical support by granting access to accounts implicated in fraudulent activities and facilitating the transfer of involved virtual assets. This level of cooperation is unpr...
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Cryptopolitan (RSS)
In a significant acknowledgment of its commitment to security and regulatory compliance, Binance, the world’s leading cryptocurrency exchange, has been commended by Taiwan’s Ministry of the Interior for its unparalleled cooperation with law enforcement agencies in the fight against fraudulent activities involving virtual assets.
The collaboration marks a milestone in the ongoing battle against cybercrime and highlights Binance’s role as a responsible actor in the global financial ecosystem.
Binance navigating partnership in virtual asset security
Binance stands out among over a thousand international virtual currency exchanges for its unique partnership with Taiwan’s domestic law enforcement. It has provided critical support by granting access to accounts implicated in fraudulent activities and facilitating the transfer of involved virtual assets. This level of cooperation is unpr...
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Avalon Finance get $1.5 Million in Seed Funding to Enhance DeFi Lending
Cryptopolitan (RSS)
In a significant boost to its ambitions of reshaping decentralized finance (DeFi) lending, Avalon Finance, the inaugural lending protocol under the Merlin Chain umbrella, has successfully closed a $1.5 million seed funding round.
This financial milestone underscores the industry’s confidence in Avalon Finance’s potential to innovate within the burgeoning BTC ecosystem.
A confluence of esteemed investors
The seed funding round saw participation from a consortium of leading venture capital firms and blockchain investors, including SNZ Capital, Summer Capital, Matrixport Venture, Spark Digital Capital, and Web3Port Foundation. The involvement of such notable entities not only brings financial support but also a wealth of expertise and strategic partnerships that are crucial for Avalon Finance’s growth and expansion plans. The diversity and caliber of the investors reflect a strong belief in Ava...
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Cryptopolitan (RSS)
In a significant boost to its ambitions of reshaping decentralized finance (DeFi) lending, Avalon Finance, the inaugural lending protocol under the Merlin Chain umbrella, has successfully closed a $1.5 million seed funding round.
This financial milestone underscores the industry’s confidence in Avalon Finance’s potential to innovate within the burgeoning BTC ecosystem.
A confluence of esteemed investors
The seed funding round saw participation from a consortium of leading venture capital firms and blockchain investors, including SNZ Capital, Summer Capital, Matrixport Venture, Spark Digital Capital, and Web3Port Foundation. The involvement of such notable entities not only brings financial support but also a wealth of expertise and strategic partnerships that are crucial for Avalon Finance’s growth and expansion plans. The diversity and caliber of the investors reflect a strong belief in Ava...
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Uniswap Research Highlights Cost Efficiency of Layer-2 Networks Over Ethereum Mainnet
Cryptopolitan (RSS)
In a g study conducted by Austin Adams, a researcher at Uniswap Labs, it has been revealed that conducting swaps and managing liquidity provisions on layer-2 networks is considerably more cost-effective than on Ethereum’s mainnet.
This discovery sheds light on the evolving landscape of decentralized finance (DeFi), where layer-2 solutions are emerging as a pivotal force in enhancing efficiency and reducing transaction costs for users.
Superior liquidity and cost savings on layer-2s
The research paper presents compelling evidence that layer-2 networks, such as Arbitrum, have significantly outperformed Ethereum in terms of liquidity positions, creating over three times more liquidity positions in the past year. This surge i...
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Cryptopolitan (RSS)
In a g study conducted by Austin Adams, a researcher at Uniswap Labs, it has been revealed that conducting swaps and managing liquidity provisions on layer-2 networks is considerably more cost-effective than on Ethereum’s mainnet.
This discovery sheds light on the evolving landscape of decentralized finance (DeFi), where layer-2 solutions are emerging as a pivotal force in enhancing efficiency and reducing transaction costs for users.
Superior liquidity and cost savings on layer-2s
The research paper presents compelling evidence that layer-2 networks, such as Arbitrum, have significantly outperformed Ethereum in terms of liquidity positions, creating over three times more liquidity positions in the past year. This surge i...
View original post
The Pentagon Appoints a New AI Chief
Cryptopolitan (RSS)
The Pentagon has announced a significant change in its Chief Digital and Artificial Intelligence Office (CDAO). Craig Martell, who has led the department since its early days in 2022, is stepping down. Radha Plumb, known for her impactful roles at tech giants like Google and Facebook, will take his place.
Radha Plumb brings a wealth of experience from the tech industry, with a strong background in trust, safety, and policy. Her transition to the role of Chief Digital and Artificial Intelligence Officer on April 8 starts a new chapter for the Pentagon’s AI initiatives. The Defense Department has high expectations for Plumb, anticipating her technical knowledge and strategic thinking will push the CDAO’s innovative projects to new heights.
Achievements and future directions
Under Craig Martell’s leadership, the CDAO has laid a strong foundation for AI and digital transformation within the Department of Defense (DOD). The format...
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Cryptopolitan (RSS)
The Pentagon has announced a significant change in its Chief Digital and Artificial Intelligence Office (CDAO). Craig Martell, who has led the department since its early days in 2022, is stepping down. Radha Plumb, known for her impactful roles at tech giants like Google and Facebook, will take his place.
Radha Plumb brings a wealth of experience from the tech industry, with a strong background in trust, safety, and policy. Her transition to the role of Chief Digital and Artificial Intelligence Officer on April 8 starts a new chapter for the Pentagon’s AI initiatives. The Defense Department has high expectations for Plumb, anticipating her technical knowledge and strategic thinking will push the CDAO’s innovative projects to new heights.
Achievements and future directions
Under Craig Martell’s leadership, the CDAO has laid a strong foundation for AI and digital transformation within the Department of Defense (DOD). The format...
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Mozaic Finance Suffers $2.4 Million Hack Through Private Key Vulnerability
Cryptopolitan (RSS)
In a startling revelation that underscores the persistent vulnerabilities within the decentralized finance (DeFi) sector, Mozaic Finance, a prominent yield farming application, fell victim to a sophisticated cyber-attack on March 15.
The exploit, which resulted in a loss of $2.4 million, was executed on the Arbitrum network, a layer 2 scaling solution for Ethereum that aims to improve its scalability and efficiency. The incident has once again brought to light the critical security challenges facing blockchain technologies and DeFi platforms.
The intricacies of the attack
According to a detailed report by blockchain security firm CertiK, the breach was orchestrated through a calculated compromise of a private key, a...
View original post
Cryptopolitan (RSS)
In a startling revelation that underscores the persistent vulnerabilities within the decentralized finance (DeFi) sector, Mozaic Finance, a prominent yield farming application, fell victim to a sophisticated cyber-attack on March 15.
The exploit, which resulted in a loss of $2.4 million, was executed on the Arbitrum network, a layer 2 scaling solution for Ethereum that aims to improve its scalability and efficiency. The incident has once again brought to light the critical security challenges facing blockchain technologies and DeFi platforms.
The intricacies of the attack
According to a detailed report by blockchain security firm CertiK, the breach was orchestrated through a calculated compromise of a private key, a...
View original post
Las Vegas Starts a High-Tech Quest for Pedestrian Safety
Cryptopolitan (RSS)
Las Vegas has recently clinched a $1.4 million grant from the federal government. This amount is earmarked for a cutting-edge initiative aimed at protecting pedestrians through artificial intelligence (AI). Fremont Street, a bustling hub of activity, is set to become a pilot area for this AI pedestrian detection system. This technology promises to transform traffic management. It will tailor traffic signals and crosswalk timings to the real-time flow of pedestrian traffic.
Las Vegas make safer streets
Las Vegas’s busy streets will soon witness the deployment of an AI system designed to monitor pedestrian movement. By gauging the volume of foot traffic and the duration required for people to cross, this system will adjust traffic signals accordingly. The goal is to ensure that pedestrians can walk more safely and efficiently.
This proj...
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Cryptopolitan (RSS)
Las Vegas has recently clinched a $1.4 million grant from the federal government. This amount is earmarked for a cutting-edge initiative aimed at protecting pedestrians through artificial intelligence (AI). Fremont Street, a bustling hub of activity, is set to become a pilot area for this AI pedestrian detection system. This technology promises to transform traffic management. It will tailor traffic signals and crosswalk timings to the real-time flow of pedestrian traffic.
Las Vegas make safer streets
Las Vegas’s busy streets will soon witness the deployment of an AI system designed to monitor pedestrian movement. By gauging the volume of foot traffic and the duration required for people to cross, this system will adjust traffic signals accordingly. The goal is to ensure that pedestrians can walk more safely and efficiently.
This proj...
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OP Sepolia Testnet Will Be Launched On March 19
Coincu (RSS)
OP Labs has announced a significant upgrade to the OP Sepolia testnet, scheduled for release on March 19.Read more...
Coincu News
Coincu (RSS)
OP Labs has announced a significant upgrade to the OP Sepolia testnet, scheduled for release on March 19.Read more...
Coincu News
Fidelity Spot Bitcoin ETF Leads Inflows With $155 Million
Coincu (RSS)
Fidelity spot Bitcoin ETF leads with a $155 million net inflow, surpassing GBTC's $139 million outflow.Read more...
Coincu News
Coincu (RSS)
Fidelity spot Bitcoin ETF leads with a $155 million net inflow, surpassing GBTC's $139 million outflow.Read more...
Coincu News