Coindesk

French authorities have expanded a probe into Binance, investigating alleged money laundering, tax fraud and other crimes at the crypto exchange from 2019 to 2024, according to a Tuesday report from Reuters.Binance has denied the allegations, telling CoinDesk in an emailed statement that it will “vigorously fight any charges made against it.”The investigation, which was opened by JUNALCO, the division of the Paris public prosecutor’s office that handles economic and financial crime, involves alleged offenses that took place in France as well as the broader European Union (EU). French authorities first began investigating Binance in June 2023 for “aggravated money laundering” and the “illegal” provision of crypto trading services before it received regulatory approval from the AMF, the French financial...

A recently published journal article by researchers at BTQ, a startup working to build blockchain technology that can withstand attacks from quantum computers, has proposed an alternative to the Proof of Work (PoW) algorithm involving quantum technology.Proof of Work is a blockchain consensus mechanism that secures the Bitcoin network. Participants crunch through vast amounts of math problems to validate transactions. Some have criticized the process as being too energy-intensive, while others have argued the opposite.Quantum computing involves moving away from a process reliant on binary code, ones and zeros, which open and close transistor gates. Quantum bits (qubits) exist in multiple states simultaneously, vastly increasing computational power to the point where modern-day encryption built by classical computers – reliant on...

The native token of Movement, an Ethereum layer-2 network built using the Facebook-created MoveVM coding language, jumped on Tuesday after Donald Trump-backed World Liberty Financial purchased tokens. There was also a fresh report that the network is among the blockchains in discussion with the Elon Musk-led Department of Government Efficiency (DOGE).The MOVE token spiked as much as 20% to $0.89 on the news before paring some of the gains, still up 13% during the day at press time.The advance happened as World Liberty Financial, which is backed by President Donald Trump and his family, acquired a total of $2 million worth of MOVE tokens in several batches during the U.S. morning hours, with the first transaction occurring at 14:22 UTC,...

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 3796.28, up 3.3% (+120.73) since 4 p.m. ET on Monday.Seventeen of 20 assets are trading higher.Leaders: XRP (+6.6%) and XLM (+5.3%).Laggards: RENDER (-2.7%) and NEAR (-0.7%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

The SSV DAO, the decentralized autonomous organization behind the decentralized staking protocol SSV Network, unveiled Tuesday a new framework, called “SSV 2.0”, which will allow applications to make use of “based” technology by leveraging Ethereum validators.SSV 2.0 will be the most ambitious project for the SSV Network, according to a press release shared with CoinDesk, and will bring based applications (bApps) to Ethereum.“Based” applications, especially “based rollups,” are a new type of technology attracting the attention of Ethereum developers as it allows for better interoperability while improving the security of networks on top of Ethereum.Based rollups specifically can be seen as a solution to the many layer-2 networks on Ethereum today, which have caused much fragmentation across the space. By...