A recent report from a Chinese court declared that virtual assets, despite a blanket ban on cryptocurrencies, are considered legal properties and are protected by law. The report acknowledged the economic attributes of virtual assets and emphasized the need for balanced protection of personal property rights and social interests. This stance highlights a contrast between China’s national policy on virtual assets and the court’s recognition of their legal status.

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In the upcoming trial of FTX co-founder Sam Bankman-Fried (SBF), court filings reveal that SBF may pay his expert witnesses over $1000 an hour for their testimony. The proposed witnesses, including Lawrence Akka, Thomas Bishop, Brian Kim, Joseph Pimbley, Bradley Smith, Peter Vinella, and Andrew Di Wu, will provide insights on various topics. Former Federal Election Commission Chairperson Bradley Smith, for instance, will charge $1200 per hour to testify about campaign finance laws and stra…

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The cryptocurrency exchange OKX is set to enter the Indian market by hiring local employees and understanding the culture. With a focus on scaling up its wallet services through collaboration with India’s developer community, OKX aims to add value to the local ecosystem. Despite already having 200,000 user wallets in India, the company sees this as a small fraction of the potential Web3 users in the country. OKX, the 6th largest cryptocurrency exchange globally, plans to work closely with …

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A new zero-knowledge proof (ZK-proof) technology called Storage Proofs has been introduced to enhance access and verification of historical data on the EthereumEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. More blockchainThink of blockchain as a digital ledger that records transactions in a transparent, tamper-proof way. It's a chain of transaction blocks linked chronologically. More. This technology, developed by Herodotus in collaboration with StarkWare, utilizes storage proof cryptography, eliminating the need for third-party involvement. By leveraging StarkWare’s STARK proving, the solution enables users to verify data from any point in Ethereum’s blockchainThink of blockchain as a digital ledger that records transactions in a transparent, tamper-proof way. It's a chain of transaction blocks linked chronologically. More. The on-chain accumulator, acting as a…

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In 2023, cybercriminals have targeted the crypto space and caused over $997 million in losses through flash loan attacks, exit scams, and exploits, according to CertiK, a blockchainThink of blockchain as a digital ledger that records transactions in a transparent, tamper-proof way. It's a chain of transaction blocks linked chronologically. More security firm. In August alone, malicious actors stole more than $45 million in digital assets. Notable incidents include the Zunami Protocol attack, which resulted in $2.2 million in losses, the Exactly Protocol exploit with $7.3 million lost, and the PEPE coin withdrawal incident leading to $13.2 million in l…

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