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European Union to Launch Global Metaverse Regulation Initiative in 2023


The European Union (EU) will present an initiative to address the metaverse and all the activities and interactions happening in it sometime in 2023. The proposal, which was qualified as ”key” in the State of the Union letter of intent authored by Ursula von der Leyen, President...

1inch Finds Vulnerability in Address Generating Tool Profanity


Several 1inch contributors recently discovered a vulnerability in Profanity. The Ethereum-based vanity address generating tool is one of the most popular names on the network. Usually, Ethereum users create wallets by calculating a hash of a public key extracted from a random private key. While...

Sui Developer Mysten Labs Raises $300 Million to Address Web3 Scalability


Mysten Labs, developer of a new blockchain project called Sui, raised $300 million in its latest funding round. The round, which was led by FTX ventures, also had the support of A16z crypto, Jump Crypto, Apollo, Binance Labs, Franklin Templeton, and Coinbase Ventures, among others. The funds will...

Over USD 36M Returned to Nomad Bridge's Fund Recovery Address


Over USD 36m has so far been returned to the official fund recovery address shared by Nomad Bridge, a cross-chain messaging protocol that was drained of USD 190m worth of funds last week in what many called "the first decentralized robbery." According to Etherscan transactions, the recovery wallet...

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