Cointelegraph
Tech giant Alibaba announces crypto-friendly chair following Daniel Zhang stepping down
The next company chair of Alibaba has backed several crypto projects through his wealth manager and tweeted he “like[s] crypto” in December 2021. Joe Tsai, the soon-to-be former executive vice chair of China-based technology giant Alibaba, will replace Daniel Zhang as company chair. In a June 20 announcement, Alibaba said Zhang would be stepping down […]
Cointelegraph
Five US enforcement agencies form new digital currency anti-crime task force
The agencies have worked together for years, but now their joint efforts are official as they plan to ramp up activity. A diverse group of United States enforcement agencies has made official its cooperation on crimes related to the darknet and digital currency with the announcement of the Darknet Marketplace and Digital Currency Crimes Task […]
Cointelegraph
Polygon co-founder proposes zkEVM ‘validium’ upgrade to improve security
Mihailo Bjelic suggested that adding zero-knowledge proof technology could bolster the network’s security while still keeping fees low. Polygon co-founder Mihailo Bjelic has proposed upgrading the Polygon proof-of-stake (PoS) network to a “zkEVM validium” version, according to a June 20 forum post. If the upgrade is implemented, the new version will rely on zero-knowledge proofs […]
Cointelegraph
Lack of bipartisan support on crypto regulation could make US ‘less attractive’ to firms: Moody’s
A report from the investors’ service pointed to a political divide in language on bills concerning stablecoins and providing a comprehensive framework for digital assets. The investors’ service of credit ratings agency Moody’s has reported that without support from United States lawmakers on both sides of the political aisle for legislation focused on digital assets, […]
Cointelegraph
Binance to implement Lightning Network nodes for enhanced Bitcoin transactions
Binance hopes to enable smooth BTC deposits and withdrawals while tackling network congestion issues. On June 20, cryptocurrency exchange Binance announced that it had commenced operating nodes on the Bitcoin Lightning Network as a crucial step toward integrating it for deposits and withdrawals. In a tweet, Binance acknowledged users who noticed their new Lightning nodes […]
Cointelegraph
Biden to discuss dangers of AI in San Francisco meeting with experts
The U.S. president will meet with AI experts to discuss safety, policy and opportunities while he’s in San Francisco. United States President Joe Biden will discuss artificial intelligence (AI) with a group of Silicon Valley experts on June 20 between campaign fundraising stops in California. The president will meet with at least eight experts, including […]