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Storj Labs, the company behind the decentralized cloud storage network Storj, has filed for Chapter 11 bankruptcy protection in the United States after raising approximately $35 million over its lifetime. The filing marks a significant turning point for one of the earliest blockchain-based decentralized infrastructure projects, although the company says it intends to continue operating […]
The U.S. Senate has released a revised draft of the CLARITY Act that combines the versions previously advanced by the Senate Banking and Senate Agriculture Committees, marking a significant step toward comprehensive federal cryptocurrency market structure legislation. The updated text introduces, for the first time, an ethics provision aimed at restricting certain federal officials from […]
The U.S. Commodity Futures Trading Commission (CFTC) has issued another warning to prediction market operators, signaling continued regulatory scrutiny over how event contracts are submitted for approval. The agency said some exchanges are relying on overly broad, template-style self-certifications that make it difficult for regulators to evaluate whether individual contracts comply with federal requirements. Regulators […]
Crypto payments company Triple-A has reportedly fallen victim to a major security incident after attackers drained more than $9.7 million from wallets linked to the firm across multiple blockchain networks. The incident marks another high-profile exploit during a week that has already seen several significant cryptocurrency thefts. Security researchers first flagged the suspicious activity after […]
World Foundation has secured $52.5 million through a strategic sale of its WLD token, marking another significant funding milestone for the organization behind the World Network. The fundraising round was led by Pantera Capital, with participation from Bain Capital Crypto, Eightco Holdings, Selini Capital, Susquehanna Crypto, and several other institutional investors. The capital raise comes […]
The Andhra Pradesh government has launched a pilot blockchain initiative designed to modernize land record management and strengthen the security of property ownership data. The project, known as Mee Bhoomi Blockchain, aims to create a tamper resistant digital system that integrates land records maintained by multiple government departments into a single, trusted platform. Chief Minister […]
Verizon has secured a deal worth more than $1 billion with Google to provide dark fiber connectivity for the technology company’s expanding data center network, marking a significant win as demand for AI infrastructure continues to accelerate. Chief Executive Officer Dan Schulman announced the agreement during Verizon’s post earnings conference call, describing it as part […]
Thailand’s Securities and Exchange Commission has filed a criminal complaint against cryptocurrency exchange Bitkub Online Co., Ltd. and two of its former directors, alleging they submitted false statements and misleading corporate documents related to a major cyberattack that occurred in 2021. The complaint, filed with the Economic Crime Suppression Division, marks the latest enforcement action […]
India has directed GitHub to remove repositories associated with Bitchat, the decentralized messaging application developed by Jack Dorsey, citing national security and public order concerns. The order, issued by the Indian Cyber Crime Coordination Centre under the Ministry of Home Affairs, argues that the Bluetooth-based messaging platform could enable anonymous communication that bypasses internet shutdowns […]
A coalition of some of the largest financial institutions and Bitcoin-focused companies has launched the Bitcoin Security Consortium, committing a combined $15 million over the next three years to strengthen Bitcoin’s long-term security through open-source development and research. The founding members include BlackRock, Coinbase, Fidelity Digital Assets, Strategy, Anchorage Digital, ARK Invest, Block, Blockstream, and […]
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