Axie Infinity, NFT and Other Projects Fall Victims of a Phishing Attack
18.5.2022
Messaging platform Discord servers of multiple large NFT collections and crypto projects, including play-to-earn game Axie Infinity, have been compromised, with attackers publishing phishing links that appear to be NFT mints.
Some other affected projects include popular NFT collections...
Nifty News: Robinhood to launch a Web3 wallet, LimeWire inks deal with Universal and more
18.5.2022
Robinhood’s wallet will be noncustodial and multichain, allowing for the storage of NFTs along with the ability to connect to NFT marketplaces
Chinese Authorities Prosecute Alleged Masterminds Behind MDC Pyramid Scheme
18.5.2022
Chinese authorities in Rong County recently said they have prosecuted eight individuals accused of being the masterminds behind the Magic Data Chain (MDC) pyramid scheme. The pyramid is thought to have handled transactions with a total value of over $147 million. Virtual Currency Pyramid Scheme...
South Korean legislature considering new licensing system for crypto
18.5.2022
Regulators in South Korea have issued a new report that offers a bevy of recommendations for how to properly govern the country’s crypto industry
Algoracle Announces $1․5 Million Seed Round
18.5.2022
PRESS RELEASE. Algoracle has recently announced the close of its seed round for $1.5 million (USD) to help accelerate the development and launch of Algorand’s native decentralized oracle network. Algoracle’s seed round was led by Borderless Capital, with major contributions from...
Bitcoin and Ethereum Still Range-Bound, Top Altcoins Struggle, XCN Rallies
18.5.2022
Bitcoin price made another attempt to clear the USD 30,500 resistance level but failed and corrected gains. It is currently (04:14 UTC) consolidating near USD 30,000 and remains at a risk of a downside break below USD 29,500. BTC is down almost 2% in a day and 4% in a week....
Read More: Bitcoin...
Cloudflare to run Ethereum node experiment to help 'build a better internet'
18.5.2022
“Cloudflare is going to participate in the research and development of the core infrastructure that helps keep Ethereum secure, fast, as well as energy-efficient for everyone,” the firm stated
Internet Service Company Cloudflare to Run Ethereum Validator Nodes as Part of Its Web3 Focus
18.5.2022
Cloudflare, an internet services and DDoS protection company, has announced a new strategy regarding its Web3 experiments. The company revealed it will run Ethereum validator nodes as part of its commitment to help to scale the internet by using proof-of-stake (PoS) consensus technologies. This...
Analysts note parallels with March 2020: Will this time be different?
18.5.2022
Analysts across crypto and traditional stocks have taken notice of the similarities between what happened in March 2020 and market moves so far this month
German BaFin official calls for 'innovative' EU-wide DeFi regulation
18.5.2022
Highlighting Germany’s crypto license as an example of attractive regulation, Birgit Rodolphe writes that similar frameworks should be the same throughout the EU to “prevent a fragmented market.”
DOJ Files First Criminal Complaint Against US Citizen Allegedly Using Cryptocurrency to Evade Sanctions
18.5.2022
The Department of Justice (DOJ) has filed its first criminal complaint against an American who allegedly used cryptocurrency to circumvent U.S. sanctions. “The payments platform advertised its services as designed to evade U.S. sanctions, including through purportedly untraceable virtual...
Ethereum’s popularity 'a double-edged sword’ — a16z's State of Crypto Report
18.5.2022
“Ethereum’s overwhelming mindshare helps explain why its users have been willing to pay more than $15 million in fees per day on average just to use the blockchain,” a16z stated