Demox Labs has debuted a new wallet for the privacy-oriented Aleo blockchain network, according to a June 1 announcement. Called “Leo,” the wallet allows users to generate zero-knowledge (ZK) proofs within their browsers, letting them interact with Aleo’s ZK-based apps. ...
CryptoUpdateClub Latest Articles
Losses from crypto rug pulls outpaced DeFi exploits in May: Finance Redefined
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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. May was a month filled with exit scams in the DeFi world, ...
US lawmakers aim for crypto regulatory clarity with proposed bill putting the screws to SEC
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Lawmakers with the United States House Financial Services Committee and House Agriculture Committee have released a draft discussion offering certain crypto assets a pathway to being labeled digital commodities. According to a discussion draft published on June 2, lawmakers proposed ...
Six months on from FTX, Tether mines BTC, and Nvidia’s AI superchips
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Just over six months after FTX’s dramatic collapse, the crypto industry can finally begin analyzing the effects of the debacle. The quick ripple effect to other crypto businesses drained liquidity from the industry and prolonged the crypto winter, with Silvergate ...
Arbitrum price soars after DeFi whale address resumes ARB accumulation
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On June 2, the price of Arbitrum jumped alongside the top-ranking cryptocurrencies after the United States Senate voted to raise the debt limit. Why is the ARB price up today? The price of Arbitrum (ARB) rose 9% to an intraday high of ...
Price analysis 6/2: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
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Bitcoin and most major altcoins are witnessing subdued price action, indicating a lack of buying interest from the larger players.
Cleanspark fiscal year revenue crosses $100M amid expansion plans
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Bitcoin (BTC) miner CleanSpark’s fiscal year-to-date revenue crossed $100 million in May as its BTC production exceeded expectations, according to a June 2 statement. CEO Zach Bradford noted that these milestones were achieved even though most of its expansion plans ...
CBDC ‘may not be a compelling priority,’ says Kenya’s central bank
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The Central Bank of Kenya received comments on a discussion paper on the potential issuance of a digital shilling, and hasn’t a definitive conclusion. In a June 2 announcement on Twitter, Kenya’s central bank said it received more than 100 ...
Stablecoins are a critical countermeasure to Operation Chokepoint
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Boosting financial inclusion is one of crypto’s strongest value propositions. Yet, ironically, the banking crisis has effectively de-banked the crypto industry itself, at least in the United States. How things panned out with Silvergate, Silicon Valley Bank and Signature — ...
CCAF Study Uncovers Digital Assets’ Potential in a Humanitarian Context
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A new study has been published by the Cambridge Centre for Alternative Finance (CCAF), at Cambridge Judge Business School. It provides insights and preliminary analysis on the potential use of digital assets to facilitate cash-based transfer (CBT) in a humanitarian ...