USM strikes an exclusive deal with Blockchain UNIJOS


USM forms an exclusive collaboration with Blockchain UNIJOS. Together, they intend to take forward the Metaverse and Web3 tools that will bring to the forefront the total abilities of the internet and make available decentralized space for all. USM, on its part, is the most spread-out metaverse...

Orbit Bridge Hacker Suspected in Coinspaid and Coinex Breaches


Source: AdobeStock / Tamara Blockchain analysts from Match Systems have found that the Orbit Chain hackers used the same tactics as those in several other high-profile attacks – suggesting that a cybercrime organization, possibly the infamous Lazarus Group, stands behind these hacks. This...

Huobi Korea Announces Closure Citing Challenging Business Environment


Source: Adobe South Korean cryptocurrency exchange Huobi Korea has announced the shut down of its services with effect from January 29, 2024. The decision comes in response to what the company described as a challenging “business environment.” Established in 2017, Huobi Korea...

Solana Foundation Plans Expansion to Brazil With Over $10M in Investments


The Solana Foundation, the institution in charge of managing initiatives related to the Solana network, has announced it will expand to Brazil. According to local reports, the organization plans to launch a local team and invest over $10 million in several Web3 fields, including tokenization...

IoTeX announces to launch L2 Network W3bstream for DePIN


IoTeX Foundation has shared its plans for bringing W3bstream to light, a layer-2 rollup that is being specifically designed for DePIN. The objective is to help DePIN navigate its way around the scalability challenge. Blockchain technology can be integrated at any moment; however, it has...

$1.8 Billion Cryptos Lost Across 751 Security Breaches in 2023: CertiK report


Source: Pixabay/Werner Moser 2023 saw a 51% decline in the digital assets lost to hacks, scams and exploits than that of 2022. However, a staggering $1.84 billion in cryptocurrencies were lost across 751 security breaches in 2023, blockchain security firm CertiK reveals. The 2023 “Hack3d” report...

CoinDCX Co-Founder addresses CoinDCX App scam news


Sumit Gupta recently released an official tweet to clarify the recent news regarding fraud on the CoinDCX app. The co-founder and CEO of CoinDCX started the tweet by acknowledging the reports related to unethical acts related to the exchange. However, Sumit quickly clarified that no such incident...

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