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Worldcoin (WLD), a cryptocurrency project that uses eye scanning technology to build an identity network, has rebranded. in statementexplains why Worldcoin, a project co-founded by OpenAI CEO Sam Altman and Tools for Humanity CEO Alex Blania, became World Network. “As the scale of the project grows with the importance of World ID’s proof of human protocol, the name ‘World Coin’ no longer encapsulates the project’s mission: to accelerate all humans.” In addition to adopting a new name, World also unveiled the latest version of its eye-scanning orb device during an event in San Francisco last week. The spherical peripheral will…

blockchainSenior executives at a £5bn London-headquartered cryptocurrency business have been indicted over the company's failure to submit accounts on time.Blockchain.com co-founder and president Nicolas Cary and operations director Al Turnbull were issued subpoenas by the Enterprise Authority in May.The case was heard at Cardiff Magistrates' Court on September 25, with a further hearing scheduled for November 26, according to court documents seen by the Telegraph.The cryptocurrency operator filed its business report for the year ending 2020 for the first time this month, but the legal claim relates to its failure to report its accounts for the year ending December 2022.Founded…

The Ethereum blockchain provides a secure, decentralized, and transparent way to transfer value over the internet without a third party. Although secure and decentralized, this technological breakthrough has a problem—it’s not scalable. The blockchain has sacrificed scalability for security and decentralization. This inability to strike a balance between scalability, security, and decentralization is referred to as the Blockchain Trilemma. It’s one of the major problems hindering the mass adoption of blockchain technology. Simply put, blockchain trilemma means that no single system can be scalable, secure, and decentralized simultaneously. There will always be a tradeoff between scalability, security, and decentralization. This…

18:05 ▪ 3 Minimum read time up to ▪ Fenelon L. A recent survey revealed that 59% of crypto investors support dollar-cost averaging (DCA) methodology as their primary investment strategy. This approach of investing a fixed amount on a regular basis is gaining popularity amidst the volatility of the cryptocurrency market. DCA, a shield against cryptocurrency volatility Exchange platform Kraken conducted this survey among 1,109 crypto investors in October 2024. This result highlights the growing appeal of DCA, especially in the context of high volatility in the cryptocurrency market. 46.13% of respondents cited protection against volatility as the main benefit…

YouTuber Coffeezilla is locked in a back-and-forth spat with Andrew Tate over his transformation from cryptocurrency critic to meme coin promoter. The YouTuber, whose real name is Steven Findeisen, aired a video of Tate, who previously portrayed himself as a cryptocurrency skeptic. Coffeezilla also cited a quote from Tate, who expressed that he has no interest in minting coins or exploiting fans. “I just want to be involved with Crypto Twitter because it's full of the most corrupt losers on the planet,” Tate once said, adding that cryptocurrencies have “zero” benefits to society. Ta. See below. “Cryptocurrency is the only…

17:05 ▪ 3 Minimum read time up to ▪ Micaiah A. Cryptocurrencies continue to establish themselves in traditional finance, despite often significant volatility. Now major Wall Street companies are taking a keen interest in it. Among them is JPMorgan, which just released its predictions for 2025, a bright future for Bitcoin and digital assets. This shift is based on a variety of factors, from regulatory changes to geopolitical tensions that encourage investors to diversify their holdings. Why JPMorgan is betting on cryptocurrencies According to JPMorgan, which announced in July last year that a recovery in the cryptocurrency market was imminent.…

Cover image (via www.freepik.com) Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. Financial and market information provided on U.Today is for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Please contact a financial professional and conduct your own research before making any investment decisions. Although we believe that all content is accurate as of the date of publication, certain offers mentioned may not be currently available. Bitcoin, the largest cryptocurrency by market capitalization, briefly reached a high of $69,000, but has since fallen.In…

On-chain data shows that the exodus of large Bitcoin holders has decreased significantly, with the flagship cryptocurrency still hovering above the $68,000 level. Bitcoin (BTC) net inflows went from an outflow of 1,650 BTC on October 17th to a net inflow of 211 BTC on October 19th, according to data provided by IntoTheBlock. This momentum indicates increased accumulation from large holders. BTC Price and Net Flow of Large Holders – October 20th | Source: Into the Block CryptoQuant CEO Ki Young Ju acknowledged the strengthening of the accumulation. According to a report from crypto.news, at least 1,000 BTC new whale…

A man (pictured) rides a bicycle past a store advertising a Bitcoin ATM in Nicosia on September 25, 2024. … [+] by Jewel SAMAD / AFP) (Photo by JEWEL SAMAD/AFP via Getty Images)AFP (via Getty Images) Two years after the FTX debacle, financial regulators are still closely monitoring the crypto industry. In the United States, several targeted enforcement actions have been imposed against crypto banks and companies, indicating an increased focus on compliance and risk management in this area. After the collapse of Signature Bank and Silvergate, Pennsylvania-based Customer Bank onboarded customers like Kraken and absorbed nearly $2 billion in…

With Ethereum, deposits have rapidly exceeded withdrawals. ETH price pattern was indicating a possible breakout. ethereum [ETH] Net flows on derivatives exchanges have recently exceeded 50,000 ETH per day, indicating a larger increase in deposits than withdrawals. This trend has traders speculating about its potential impact on ETH price movements. A spike in deposits could indicate either impending selling pressure or increased borrowing to fuel long positions, suggesting volatility is on the way. Ethereum's outlook in the coming months could be a key focus for investors, as market participants expect significant price movements. Source: CryptoQuant ETH price and inflation rate…