Wikipedia co-founder Jimmy Wales took to X (formerly Twitter) on Dec. 11 to take a potshot at Bitcoin, crowing that while many users have lost their Bitcoin because they forgot their BTC wallet passwords, he’s never lost any money due to mislaying his bank password.

Wales’s comments didn’t resonate well with the wider Bitcoin and crypto community, who snapped back at the Wikipedia co-founder about its dependence on donations to run day-to-day operations.

In his X post, Wales sarcastically claimed that he forgot the password to his bank account and lost all his cash, only to then mock the BTC community by adding, “Actually, that didn’t happen because banks work and Bitcoin…

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An Ethereum liquid staking protocol for institutions says it’s now holding those who run its network to new standards and hopes others will follow suit — perhaps boosting yield and attracting more users along the way.

Liquid Collective, developed by Delaware-registered blockchain startup Alluvial Finance and launched earlier this year, introduced the series of service level agreements (SLAs) last week.

These new standards will require Liquid Collective node operators, which include Coinbase Cloud, Figment and Staked, to perform in the top 50th percentile of ETH staking providers operating 100 nodes or more, as ranked by Rated Network’s validator dashboard.

If they fall out of the…

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Cardano’s (ADA) price is down today, falling 7.75% in the last 24 hours to hit $0.55 on Dec. 13.

ADA/USD four-hour price chart. Source: TradingView

Let’s discuss factors that have been driving the Cardano prices lower recently.

Overbought correction

From the technical perspective, ADA’s price drop today is part of a correction cycle that started on Oct. 9, when ADA’s price reached its 18-month high of $0.64.

Traders secured profits as Cardano’s relative strength index (RSI) on shorter-timeframe charts became “overbought” after crossing 70.

An RSI reading above 70 means the asset is trading is getting overvalued and may undergo trend reversal or corrective pullback.

ADA/USD four-hour price… Read more on Cointelegraph

The decentralized exchange (DEX) of the cryptocurrency exchange OKX (a.k.a OKX DEX) suffered a $2.7 million hack on Dec. 13 after the private key of the proxy admin owner was reported to be leaked. 

On Dec. 13, the blockchain security firm SlowMist Zone posted on X, formerly known as Twitter, that OKX DEX “encountered an issue.” According to the report, the issue began on Dec. 12, 2023, at approximately 22:23:47 after the proxy admin owner upgraded the DEX proxy contract to a new implementation contract and the user began to steal tokens.

SlowMist Security Alert: OKX DEX Proxy Admin Owner’s Private Key Suspected to be Leaked

According to information from SlowMist Zone, the OKX DEX…

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Bitcoin (BTC) speculators panic sold as the BTC price corrected toward $40,000, the latest on-chain data suggests.

Figures from on-chain analytics firm Glassnode show short-term holders (STHs) offloading more than $2 billion in BTC on Dec. 12 alone.

Bitcoin short-term holders set 18-month selling record

Bitcoin saw its biggest single-day drop of 2023 this week — one which at one point totaled 8.1%, data from Cointelegraph Markets Pro and TradingView confirms.

BTC/USD 1-week chart. Source: TradingView

Reacting, the more speculative subsection of the Bitcoin investor base followed in step, reducing their exposure in what appears to be a bout of cold feet on the market outlook.

Glassnode…

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Dominic Williams, founder and chief scientist at Dfinity, says blockchain technology and its decentralized and trustless nature, gives it a unique ability to assist in the fight against climate change. 

Williams told Cointelegraph there are three ways in which blockchain can address climate challenges. Blockchain networks can support the creation of trustless infrastructure that offers incentives for climate action, increases efficiency and provides an alternative to traditional information technology, which has a “huge carbon footprint.” 

ICYMI: #ICP will be a part of Voluntary Recycling Credits (VRC)

This is the first ever global standard to incentivize multi-material recycling…

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Binance Holdings and its former CEO Changpeng Zhao have reacted to a move by the U.S. Securities and Exchange Commission (SEC). The SEC has filed to include Binance’s admission of guilt to the Department of Justice (DOJ) in its own legal proceedings.

In the filing submitted to the U.S. District Court for the District of Columbia, Binance insisted the SEC’s attempt to include the $4.3 billion guilty plea and settlement agreement with the DOJ in the continuing case was procedurally incorrect and should not be allowed.

The ongoing Binance-SEC legal case began on June 5, 2023, when the agency accused the company of 13 securities law violations, including that Zhao and Binance managed…

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Deutsche Bank’s asset management arm, DWS, is forming a new venture with Michael Novogratz’s Galaxy Digital and Flow Traders to jointly issue a euro-denominated stablecoin.

DWS Group officially announced on Dec. 13 the plan to form AllUnity as part of a new partnership between DWS, Flow Traders and Galaxy to launch a “fully collateralized” euro stablecoin.

AllUnity’s operations will be regulated by the German Federal Financial Supervisory Authority, or BaFin, the announcement notes. AllUnity’s longer-term focus will be to promote the acceleration of mass adoption of digital assets and tokenization.

“Through the future creation of AllUnity, we will bridge the gap between the…

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