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North Korean Attackers Have Stolen $200 Million Across 30 Crypto Heists in 2023: TRM Labs
18.8.2023
A new report from blockchain analytics firm TRM Labs noted that North Korean hackers have stolen more than $2 billion in cryptocurrencies in the past five years. It estimated around $200 million in crypto heists this year alone.
According to TRM Labs insights, the stolen amount accounts for...
Celsius Sends Bankruptcy Restructuring Plan To Creditors Vote After Court’s Approval
18.8.2023
Bankrupt crypto lender Celsius is set to hold a vote on a plan to sell its asset to Fahrenheit Group following the approval by a judge as the proceeding winds down.
Celsius will send its creditors ballots to vote on the proposal between Aug 24 and Sept 22 and if approved, creditors could receive...
How Bitcoin Spark’s PoP technology trumps Cardano’s blockchain?
18.8.2023
Constant innovation is one of the major drivers of growth in blockchain and cryptocurrency. Notably, Bitcoin Spark, a new entrant in this space, introduces the Proof-of-Process (PoP) technology, which crypto watchers say could trump Cardano’s blockchain. Cardano news The team responsible...
Analysts: Coinbase's Derivatives Approval Shows Crypto's Resilience in the US
18.8.2023
Analysts at investment bank JMP Securities have said that an approval received by Coinbase to offer crypto futures trading can be taken as evidence of crypto’s resilience in the US.
In a note to clients that was cited by The Block, the analysts said the approval "adds validation" to the domestic...
Shiba Inu drops first official update after Shibarium’s launch
18.8.2023
The Shibarium mainnet launch was wildly successful, so much so that even Shiba Inu could not handle it. That is why Shiba Inu had to address the extreme traffic on the network by updating users on the situation. The first official update stated the Shibarium got millions of computing units...
Crypto Lender Helio Sentenced for Falsely Claiming to Hold an Australian Credit Licence
18.8.2023
Australia-based cryptocurrency lender, Helio Lending Pty Ltd, has been handed a non-conviction bond after falsely claiming to hold an Australian credit license.
The Australian Securities and Investments Commission (ASIC) revealed that Helio falsely claimed it held a credit license in an August...
BlockFi Complies with Court Order, Permits Crypto Withdrawals for Eligible US Users
18.8.2023
On August 17, BlockFi, a New Jersey-based crypto lending company, stated that it had initiated withdrawals for eligible users' wallets in the US in compliance with a court order issued by the US Bankruptcy Court for the District of New Jersey.
However, due to ongoing legal proceedings, these...
FTX Seeks $176 Million Settlement with Genesis Entities Amid Legal Dispute
18.8.2023
According to a legal filing on August 16, FTX, the bankrupted cryptocurrency exchange, and its CEO, John J. Ray III, have submitted a motion to settle with Genesis entities for $176 million.
With motion hearing scheduled for September 9, FTX Trading and related debtors have formally requested...
Bybit Announces ‘Imminent’ Listing of Paypal’s PYUSD Stablecoin
17.8.2023
According to the crypto exchange Bybit, the trading platform plans to list Paypal’s stablecoin soon. Amid Bybit’s announcement, Paypal’s PYUSD token has seen little movement as most of the supply is held by the contract and the Paxos Treasury. Dubai-Based Bybit Prepares to List...
The Philippine National Police Warns Against the Risks of Crypto Gaming Schemes
17.8.2023
The anti-cybercrime group of the Philippine National Police released a warning note to citizens on possible risks involved in cryptocurrency gaming schemes such as the play-to-earn model used by Axie Infinity.
The cautionary report said that the decentralized nature of crypto gaming leaves higher...
Critics Raise Concerns Over Gitcoin's Shell Partnership: Is It Truly 'Greenwashing'?
17.8.2023
Open-source crowdfunding platform Gitcoin has announced a green-focused partnership with oil and gas giant Shell – and crypto pundits are no fans of the move....
Read More: Critics Raise Concerns Over Gitcoin's Shell Partnership: Is It Truly 'Greenwashing'?
Fuse CEO Mark Smargon says blockchain payments apps will rival Visa, not Ethereum
17.8.2023
Mark Smargon, CEO of Fuse, explains how blockchain-powered payments can fix the “broken traditional payment system.”
Ethereum 'Restaking' Takes Shape as Next Big Trend in Blockchain Security
17.8.2023
EigenLayer’s platform for "restaking" is designed to extend Ethereum’s pooled security from ETH stakers to other blockchain systems – a way for developers to bootstrap new networks without having to create their own communities of network validators
Coinbase-Backed Securitize Set to Acquire Crypto Investment Platform Onramp Invest
17.8.2023
Securitize, a firm that specializes in tokenizing private investments, is all set to acquire the crypto investment platform Onramp Invest.
The Informant reported Onramp's team of 18 is all set to integrate into Securitize's existing workforce of 150.
Securitize, backed by companies like Coinbase...
Turbulence in Shibarium’s Debut: $1.7M ETH Stuck and a Crypto Whale Shifts the Tide
17.8.2023
On August 16, 2023, the Shiba Inu meme coin enthusiasts celebrated the unveiling of the second-layer (L2) blockchain, Shibarium. This platform is designed to bolster decentralized app growth while tackling Ethereum’s scalability and transaction fee challenges. Yet, even amidst...
Just-Launched Sei Blockchain's New Token Plunges 24% After Airdrop
17.8.2023
Complaints flooded X (formerly Twitter) about the scantiness of the new SEI token allocations to early adopters, as many recipients apparently moved to dump their holdings on the market
BitGo Crypto Custodian Secures $100 Million in Funding, Valuation Reaches $1.75 Billion
17.8.2023
Crypto custody provider BitGo has raised $100 million in a Series C funding round to reach a valuation of $1.75 billion, the firm announced on Wednesday.
Participating in the funding round were several “new, outside strategic investors,” BitGo said in the announcement.
The firm did not name...
Sichuan Province of China Targets Metaverse Industry Expansion to Reach $34.4 Billion by 2025
17.8.2023
Sichuan, a southwestern Chinese province, once recognized as a thriving crypto mining hub prior to the national ban on mining, is now looking to expand the metaverse industry.
Sichuan’s government unveiled an ambitious draft action plan with an aim to cultivate the nascent metaverse industry into...
Judge Approves Investment Banker as Declarant in SEC vs. Ripple Legal Battle – Here's the Latest
17.8.2023
In the latest development of the legal case between the United States Securities and Exchange Commission and Ripple Labs, Judge Analisa Torres has approved the participation of an investment banker declarant, Andrew A. Kunsak....
Read More: Judge Approves Investment Banker as Declarant in SEC...
5 smart contract vulnerabilities: How to identify and mitigate them
17.8.2023
Explore five critical smart contract vulnerabilities that pose risks to blockchain systems. Learn how to spot and neutralize these threats for secure and resilient DApps