CryptoNew

Tapping into underlying blockchain infrastructure, Nodle’s Click application allows users to authenticate media content for various use cases. Decentralized infrastructure network provider Nodle has released the first version of its blockchain-based media authentication application called Click, which could prove useful in combatting artificially generated media and fake news.  As previously reported by Cointelegraph, Nodle has developed a software development kit (SDK) for its ContentSign solution, which cryptographically proves the integrity of data captured by mobile devices using blockchain technology. The Click application supports the Coalition for Content Provenance and Authenticity (C2PA) and is a member of the Content Authenticity Initiative (CAI). The latter is a project led by Adobe and the Linux Foundation to create a future standard for media attestation. Read more

A Yearn contributor said the value lost came from “strictly protocol owned liquidity” in the protocol’s treasury and that customer funds weren’t impacted. Decentralized finance protocol Yearn.finance is hoping arbitrage traders will return $1.4 million in funds after a multisignature scripting error, resulting in a large amount of the protocol’s treasury being drained. “A faulty multisig script caused Yearn's entire treasury balance of 3,794,894 lp-yCRVv2 tokens to be swapped,” according to a Dec. 11 GitHub post by Yearn contributor “dudesahn.” The error occurred while Yearn was converting its yVault LP-yCurve (lp-yCRVv2) — earned from performance fees on vault harvests — into stablecoins on decentralized exchange CowSwap. Read more

Immutable’s blockchain protocol will allow the game studio to cut out gas fees for users, which are widely cited as a significant barrier to Web3 gaming adoption. Web3 gaming firm Immutable is set to completely cut out gas fee payments for gamers when its proprietary zero-knowledge proof-based ( ZK-proofs ) scaling platform goes live in early 2024. Immutable zkEVM provides the technology for blockchain-based game developers to remove transaction fees from end users, which is touted to create a “frictionless onboarding” experience for gamers. Web3 games built on blockchain protocols typically require gamers to pay the gas fees paid to network validators for processing transactions. Before the advent of layer-2 scaling protocols, Ethereum-based decentralized applications (DApps) and services relied solely on validators and miners pre-Merge to process smart contract operations and their associated transactions. Read more

Institutional clients on the Coinbase International Exchange will be able to trade Bitcoin and Ether against USD Coin starting on Dec. 14. United States-based cryptocurrency exchange Coinbase announced that institutional investors on its international exchange can access spot crypto trading services. In a Dec. 13 announcement, Coinbase said institutional clients based outside the U.S. will be able to trade Bitcoin ( BTC ) and Ether ( ETH ) against USD Coin ( USDC ). The exchange said the services would launch on Dec. 14 and later expand to include retail investors, additional tokens, and “features that enable new trading strategies and enhance capital efficiency.” “[W]e recognize the hesitancy among some asset issuers and members of the crypto community to engage with U.S. exchanges due to the evolving and uncertain regulatory landscape in the United States,” said Coinbase. Read more

Binance’s CZ will have to wait for his sentencing in the United States, the U.S. Congress passed a bill supporting blockchain, and Elon Musk’s xAI seeks $1 billion in capital. Binance founder Changpeng CZ Zhao has been ordered to stay in the United States until his sentencing in February, with a federal judge determining theres too much of a flight risk if the former crypto exchange CEO is allowed to return to the United Arab Emirates. On Dec. 7, Seattle District Court Judge Richard Jones ordered Zhao to stay in the U.S. until his Feb. 23, 2024 sentencing date. He faces up to 18 months in prison after pleading guilty to money laundering on Nov. 21 and has agreed not to appeal any potential sentence up to that length. A United States Congress committee has unanimously passed a pro-blockchain bill , which would task the U.S. commerce secretary with promoting blockchain deployment and thus potentially increase the country’s use of blockchain technology. The act covers an array of acti

Binance’s new compliance obligations include cooperation to grant U.S. authorities access to all documents, records and resources upon request. Binance compliance commitments with the United States Department of Justice (DOJ) were unsealed on Dec. 8, revealing a significant government oversight of the crypto exchange operation and business activities. In an analysis shared on X (formerly Twitter), John Reed Stark, a former Securities and Exchange Commission (SEC) official, classified the “exhaustive list” of Binance’s new compliance commitments as a “consulting firm’s wish list” that will likely shut down the platform. Binance’s new obligations are described in an 11-page document and include cooperation to grant authorities access to documents, records and resources at their request, including access to information related to its “former employees, agents, intermediaries, consultants, representatives, distributors, licenses, contractors, suppliers, and joint venture partners,&qu