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New Zealand Regulator Warns Against Crypto Exchange Clone
27.3.2024
New Zealand regulator noted that crypto exchange clone company has been reportedly contacting customers, promising to retrieve funds lost in previous unsuccessful investments.
The post New Zealand Regulator Warns Against Crypto Exchange Clone appeared first on Cryptonews
Gunzilla games secures $30 million in funding for blockchain-powered shooter ‘off-the-grid
27.3.2024
Gunzilla Games manages for itself the amount of $30 million through a funding round initiated by CoinFund and Blizzard Fund of Avalanche. Gunzilla Games is the builder responsible for the imminent video game Off-the-Grid”. It is a free-to-play, battle royale video game that will duly be delivered...
Munchables Retrieves All Funds from Exploiter, Refund in Progress
27.3.2024
Former Munchables developer opts to return the exploited funds without ransom as the web3 gaming platform recovers $97 million user funds and prepares for compensatory refund.
The post Munchables Retrieves All Funds from Exploiter, Refund in Progress appeared first on Cryptonews
Socialfi Expands Satoshi Nakamoto’s Vision of a Defi System to Social Media, Says Kevin Lu
27.3.2024
According to Kevin Lu, social finance, or “socialfi” — a combination of social media and decentralized finance — is an innovation that extends Satoshi Nakamoto’s vision of a decentralized financial system to social media. Although it’s not intended to replace today’s traditional social...
Layer-1 Blockchain Peaq Raises $15M to Expand Its DePIN Ecosystem
27.3.2024
Crypto market data provider Messari estimates that decentralized physical infrastructure networks could have a market value of $3.5 trillion by 2028
Zokyo clears audit report for IOTA’s EVM L2
27.3.2024
IOTA received clearance from Zokyo after the audit process concluded. This pertains to its EVM L2, which will likely enter the market soon. The development has been shared by IOTA and confirmed by Zokyo. This marks the completion of the final and the most crucial step in preparation for the launch....
Web3 Game Munchables Loses $62.5 Million to Exploit: ZachXBT
27.3.2024
Web 3 game platform Munchables on Ethereum's Layer 2 Blast network faces a $62.5 million ETH exploit, with ZachXBT tracking down the hefty loss.
The post Web3 Game Munchables Loses $62.5 Million to Exploit: ZachXBT appeared first on Cryptonews
Gaming Firm Illuvium Raises $12M Funding Led by King River Capital, Arrington and Animoca
27.3.2024
Blockchain gaming firm Illuvium has raised $12 million in a series A funding round with contributions from investors such as Australian venture capital firm King River Capital, Arrington Capital and Animoca Ventures.
The post Gaming Firm Illuvium Raises $12M Funding Led by King River Capital...
KuCoin Sees Over $1 Billion Outflows After Money Laundering Charges in US
27.3.2024
Crypto exchange KuCoin saw over $1 billion in outflows in the last 24 hours after the US prosecutors announced charges against the exchange and two of its founders, Chun Gan and Ke Tang, for violating anti-money laundering laws.
The post KuCoin Sees Over $1 Billion Outflows After Money Laundering...
Crypto Miner Bitdeer Seeks $100M Financing from Private Credit Firms
27.3.2024
Crypto mining firm Bitdeer Technologies is reportedly in discussions with private credit firms to secure $100m in financing to expand its Bitcoin mining capacity.
The post Crypto Miner Bitdeer Seeks $100M Financing from Private Credit Firms appeared first on Cryptonews
0G Raises $35 Million to Fuel AI Integration in Web3 Ecosystem With Modular Innovation
27.3.2024
On March 26, 2024, the Web3 modular infrastructure startup 0G secured $35 million in funding from over 40 strategic backers. Representing “zero gravity,” 0G is dedicated to enhancing infrastructure scalability through modular design. Its primary focus is on addressing the essential...
Russian Ministries Discuss Crypto Mining ‘Legalization’ – But There’s a Twist
27.3.2024
Russian ministries could be prepared to “legalize” industrial crypto mining in the country, but one key department could yet throw a spanner in the works.
The post Russian Ministries Discuss Crypto Mining ‘Legalization’ – But There’s a Twist appeared first on Cryptonews
Coinbase to Shift USDC Accounts to Its Layer Two Blockchain Base
27.3.2024
Coinbase plans to transition more customer and corporate Usd coin (USDC) stablecoin accounts to Base, its Ethereum layer two blockchain, aiming for reduced fees and quicker settlement times, as announced by Coinbase VP Max Branzburg. The move is seen by some in the crypto industry as a positive...
Hancom Scion Released on Bail in South Korean ‘Crypto Slush Fund’ Probe
27.3.2024
A South Korean court has released the son of software giant Hancom Group’s Chairman on bail as prosecutors continue to probe an alleged “crypto slush fund.”
The post Hancom Scion Released on Bail in South Korean ‘Crypto Slush Fund’ Probe appeared first on Cryptonews
Stacks Accelerates Toward Mainnet With Strategic Nakamoto Testnet Rollout
26.3.2024
The layer two (L2) project Stacks has officially released its public Nakamoto Testnet, offering a refined testing ground for developers and signers ahead of the mainnet launch. Stacks Introduces Nakamoto Testnet for Comprehensive Pre-Mainnet Testing In a significant step forward for the Stacks...
U.S. Sanctions Hezbollah Crypto Operator Linked to Terrorist Funding
26.3.2024
A hawala operator who worked with agents from Hezbollah on cryptocurrency funding infrastructure has been sanctioned by the U.S. Treasury’s Office of Foreign Assets Control (OFAC), the federal agency announced Tuesday. Tawfiq Muhammad Said Al-Law is accused of providing digital wallets to...
Fifth-Richest Bitcoin Whale Transfers Over $6 Billion in BTC After Years of Dormancy – What’s Going On?
26.3.2024
Blockchain investigator firm Arkham Intelligence announced on March 25 that the fifth-richest Bitcoin Whale had moved 94,504 BTC worth $6.05 billion to three new addresses. The Bitcoin wallet address, also dubbed 37X, has remained dormant since 2019.
The post Fifth-Richest Bitcoin Whale Transfers...
Revolutionizing Sui: Inspect’s leap in blockchain innovation
26.3.2024
In an exciting, significant decision aimed at revamping the Sui ecosystem, a leading tech firm has declared its ambition to take the primary position of data provider for the Sui Network. This collaborative venture ushered in the creation of a purpose-built platform with its creation mission to...
CashFusion introduces eCash wallets for maximum privacy on Blockchains
26.3.2024
A non-custodial wallet such as CashFusion has effectively bolstered the security of numerous users in the aftermath of cryptocurrency scams. These solutions enable more users to put their trust in the crypto ecosystem and safely manage their assets without worrying about security loopholes....
KuCoin Crypto Exchange and Founders Charged by DOJ for $9B Laundering, Anti-Money Laundering Violations
26.3.2024
Crypto exchange KuCoin and two of its founders just got charged by US authorities for operating as an illegal exchange in the USA, as well as for failing to implement anti-money laundering protocols.
The post KuCoin Crypto Exchange and Founders Charged by DOJ for $9B Laundering, Anti-Money...