Author: Ethan Carter

A recent report suggests that Justin Sun possesses more than 60% of all Tron tokens. While the project claims to advocate decentralization, it appears that one individual has significant control over TRX. So far, the price of TRX hasn’t shown a dramatic response to this allegation. It’s still uncertain whether this controversy will have a lasting effect on its reputation. Justin Sun’s Tron Holdings This month, Justin Sun has been embroiled in various controversies, reportedly offering to invest in WLFI after World Liberty halted his wallets.Sponsored Sponsored However, a new report from Bloomberg has asserted that Justin Sun controls over…

Vanguard is set to ease restrictions on crypto exchange-traded funds (ETFs).This development, first reported on September 26 by Crypto in America, marks a significant shift for a company that has traditionally distanced itself from digital assets.The $10 trillion asset management giant has taken a cautious stance historically, preventing clients from purchasing Bitcoin ETFs through its brokerage platform while peers like Fidelity have onboarded them.This strategy highlighted Vanguard’s preference for stability and long-term gains over exposure to what it once viewed as speculative investments.As per the report, Vanguard has initiated discussions with external partners regarding access for brokerage customers to certain…

Cryptocurrency firms must bolster their defenses against North Korean hackers attempting to secure roles at major Web3 companies to facilitate large-scale exploits, experts warned Cointelegraph.Employing North Korean developers could expose a crypto platform’s infrastructure to hacking threats and data breaches akin to the Coinbase incident in May, which revealed wallet balances and physical locations of approximately 1% of the exchange’s monthly users, potentially incurring up to $400 million in reimbursement costs.To combat this escalating threat, the industry must implement improved wallet management standards, real-time AI monitoring for early exploit detection, and more rigorous employee vetting processes, according to crypto security…

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Kraken has reportedly secured $500 million at a valuation of $15 billion, bolstering its financial status amid increasing speculation that the cryptocurrency exchange is gearing up for an initial public offering (IPO).The funding was first reported by Fortune, which cited a source familiar with the negotiations in a profile on co-CEO Arjun Sethi. The source indicated that Kraken finalized the funding round earlier this month.When contacted by Cointelegraph for confirmation, a Kraken representative refrained from commenting.The funding and valuation align with Cointelegraph’s reporting from July, which indicated that Kraken was seeking $500 million at a $15 billion valuation — a…

Key points:Bitcoin sellers are trying to break support at $109,000 during the last Wall Street open of the week.As a result, BTC price action might drop to $100,000, despite a significant “deleveraging” event.US PCE inflation does not offer any relief for crypto bulls.Bitcoin (BTC) posed a threat of reaching new September lows at the open of Wall Street on Friday, as US inflation data failed to support bullish sentiments.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewLiquidity increases as Bitcoin price declines furtherData from Cointelegraph Markets Pro and TradingView indicated that BTC/USD was at risk of falling below $109,000.Order-book liquidity on exchanges remained substantial…

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Opinion by: Jarrad Hope, co-founder of LogosAs AI evolves rapidly, we face a crucial choice: let governments and corporations control its development, or advocate for governance models prioritizing transparency, regeneration, and the public good.Network states, which utilize blockchain to create borderless communities, offer a superior method for harmonizing AI with human welfare. With ongoing technological advancements, a new approach to AI governance—centered on serving humanity rather than power—is imperative.The bias problem is a data problem and a governance oneCurrent generative AI operates on narrow data sets and is managed by centralized entities, like xAI and OpenAI, lacking robust public accountability.…

What is altcoin season? Altcoin season, or “altseason,” refers to a period when many altcoins, or cryptocurrencies other than Bitcoin, see rapid price increases that exceed Bitcoin’s performance.During this time, investors typically move their funds from Bitcoin (BTC) to other assets like Ether (ETH), Solana (SOL), Cardano (ADA), and smaller tokens such as Dogecoin (DOGE) or Pudgy Penguins (PENGU).The Altcoin Season Index serves as a popular benchmark. According to Blockchain Center, altseason starts when at least 75% of the top 100 altcoins outperform Bitcoin over a 90-day timeframe.Historically, altcoin seasons have resulted in substantial returns. For example, in the 2021…

Cryptocurrency firms must bolster their defenses against North Korean hackers who are trying to secure positions at major Web3 companies to orchestrate large-scale attacks, security experts informed Cointelegraph. Employing North Korean developers might expose a crypto project’s frameworks to hacking and data breach risks akin to the Coinbase incident in May, where wallet balances and physical locations of approximately 1% of the exchange’s monthly users were compromised, potentially costing the exchange up to $400 million in reimbursement. To combat this escalating risk, the sector should implement advanced wallet management protocols, real-time AI surveillance for early detection of exploits, and stricter…