Solana (SOL), Avalanche (AVAX) and dYdX produce double digit gains as Bitcoin reclaims $37K

[ad_1] On Nov. 15, several altcoins continued to show strength alongside Bitcoin (BTC) price, which notched an intra-day high at $37,400. Leading into the week, dYdX, Solana (SOL) and Avalanche (AVAX) currently reflect double-digit gains, with each chasing after new year-to-date highs. The sustained bullish price action from altcoins has led some analysts to declare the arrival of an altcoin season and at the time of writing, the total market cap

US House Financial Services subcommittee looks for answers on crypto and crime

[ad_1] The United States House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion received an education in the uses of blockchain technology in a hearing entitled “Crypto Crime in Context: Breaking Down the Illicit Activity in Digital Assets” on Nov. 15. The hearing was bipartisan in nature, chair French Hill stated at the outset. Hill began the meeting by citing an article published by The Wall Street Journal on

Disney launches NFT platform, eye issues at ApeFest and NFT sales rise: Nifty Newsletter

[ad_1] In this week’s newsletter, check out Disney’s plans to release a nonfungible token (NFT) platform by the end of 2023 and find out why NFT sales volumes will likely continue their upward trend in the coming months. Read about China’s stance on NFT theft and why the CEO of Roblox “dreams” of interoperability. In other news, find out what caused eye-related complaints at the recent ApeFest event in Hong

46% of crypto lost from exploits is due to traditional Web2 flaws

[ad_1] A new report from blockchain security platform Immunefi suggests that nearly half of all crypto lost from Web3 exploits is due to Web2 security issues such as leaked private keys. The report, released on November 15, looked back at the history of crypto exploits in 2022, categorizing them into different types of vulnerabilities. It concluded that a full 46.48% of the crypto lost from exploits in 2022 was not

Bakkt shifts focus to custody services, adds support to DOGE, SHIB, other coins

[ad_1] Crypto firm Bakkt appears to be returning to digital asset custody as its primary business, adding support for six new coins, according to an announcement on Nov. 15. Aside from Bitcoin (BTC) and Ethereum (ETH), Bakkt will expand its custodial support to include Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum Classic (ETC), Litecoin (LTC), Shiba Inu (SHIB), and USD Coin (USDC). The company expects to add more coins to its custodial

Layer 2 networks hit $13 billion TVL but challenges still remain

[ad_1] Ethereum Layer 2 networks reached a new milestone on November 10, reaching $13 billion of total value locked (TVL) within their contracts, according to data from blockchain analytics platform L2Beat. According to industry experts, this trend of greater interest in layer 2s is likely to continue, although some challenges remain, especially in the realms of user experience and security.Ethereum layer 2 TVL. Source: L2Beat.According to L2Beat, there are 32

Dodging guards with inner-tubes, decoys and diplomats – Cointelegraph Magazine

[ad_1] Disembarking the Liberty houseboat moored off the frontier of the European Union, we’re met by a pair of Serbian police officers, their lit squad car nearly blinding us in the dark forest. “How many people are staying on the boat?” one asks, holding a large dog at bay. “I really don’t recall,” says my colleague from Reuters. Fortunately, they let us go. We must run, using phone lights to

New York MoMA now has tokenized artworks in its permanent collection

[ad_1] Generative art is proving Web3’s creative anchor in the traditional art world. Last month, New York’s Museum of Modern Art (MoMA) made headlines by acquiring Refik Anadol’s “Unsupervised — Machine Hallucinations” (2022) alongside an edition from last year’s “3FACE” project by Ian Cheng. These two mark the first-ever artificial intelligence (AI) and nonfungible token (NFT) additions to MoMA’s collection, already home to relics such as Andy Warhol’s soup cans

Microsoft, Tencent and other tech giants join decentralized Infura network

[ad_1] Microsoft, Tencent and 16 other Web2 giants have partnered with Consensys on its mission to decentralize the Infura network — the key point of access to Ethereum for much of the decentralized finance (DeFi) sector.The partnerships aim to increase decentralization on the Infura network — key to preventing outages of the Web3 services that leverage it, including the wallet service MetaMask.Speaking to Cointelegraph, DIN senior product manager Andrew Breslin