Amazon Managed Blockchain (AMB) announced an upgrade to its Access and Query functions, ushering the tech giant deeper into Web3. The announcement was made during the two-day AWS Web3/Blockchain Summit in New York City on July 26, representing a significant step in advancing Amazon’s blockchain services. The Amazon Managed Blockchain,…

Several fake accounts on Twitter — currently rebranding to X — were pushing malicious links to users following the launch of the Worldcoin human identity verification token. July 24 marked Twitter’s rebrand to the letter “X” as well as the launch of the Worldcoin token. Though the change in brand…

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler reiterated his concerns about the cryptocurrency sector, saying it is “rife with fraud” and lacks adequate protections for investors during an interview today with BBTV. The chairman’s comments come amid ongoing debates about regulatory oversight for cryptocurrencies. While Gensler allowed that…

A new wallet that has launched on Optimism allows users to generate an address without storing seed words, and the account can be saved using an ordinary Twitter login. Called “Beam,” the wallet runs in a browser window and requires no downloads, according to a July 27 announcement from its…

Quick Take The United States is experiencing a steep surge in interest payments, now reaching approximately $970 billion. According to financial analyst Joe Consorti, this constitutes an escalation of $41 billion within the second quarter alone. The rapid growth rate implies that the U.S. interest payments will soon reach the…

Paul Munter, chief accountant of the United States Securities and Exchange Commission (SEC), has released a statement warning accounting firms of their obligations to the agency when working with crypto firms. Allowing their finding to be misrepresented could have serious consequences, he said.    Crypto firms may engage accountants to…

Over the last 12 months, market analysts and commentators have relentlessly predicted that the United States is heading for a recession. However, the U.S. economy has been remarkably resilient and defied the forecasts. Indeed, we now have the U.S. Federal Reserve discounting a recession from its current modeling, as Fed…

What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! ???? You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t…

A proposal seeking to temporarily increase the interest rate granted to holders of stablecoin Dai (DAI) was approved by the MakerDAO community on July 27, raising yields for tokenholders to as high as 8%.  The proposal introduced the Enhanced Dai Savings Rate (EDSR), a mechanism that temporarily increases the effective Dai…

In the face of a global decline in NFTs interest, Flow (FLOW) blockchain intriguingly showcases growth and resilience, navigating the wave of Q2 2023 with a blend of remarkable achievements and challenges. Data from DefiLlama shows that NFT volume has fallen to two-year lows, with OpenSea, remarked in purple, affected…