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Cybercriminals Use Dexs and Crypto Cross-Chain Services to Launder $7 Billion — Elliptic
10.10.2023
According to the findings of a research study by Elliptic, cybercriminals are believed to have used crypto cross-chain bridges and coin swap services to launder $7 billion worth of “illicit or high-risk funds.” The Lazarus Group, a cybercriminal organization said to be backed by North...
Astrology NFT project ‘Lucky Star Currency’ rugged for over $1m - Certik
9.10.2023
The deployer account for LSC drained over $1 million in tokens from the project, then swapped them to BUSD using PancakeSwap
BNB Chain-Based Altcoin LSC Faces Rug Pull Draining $1.1 Million, Token Slumps 98%
9.10.2023
Lucky Star Currency (LSC), a Binance Smart Chain-based altcoin token, has reportedly suffered a rug pull, according to blockchain security firm PeckShield.
The developer of the LSC, a relatively new crypto token, has managed to rug pull its users of $1.11 million, crashing the altcoin’s value...
Smart Contract Automation Helps Dapps Maintain Data Integrity Without Relying on External Databases — Pavel Salas
9.10.2023
According to Pavel Salas, the chief growth officer at Gear Foundation, on-chain smart contract automation makes applications “truly decentralized” because it “removes dependencies on centralized servers or external entities.” Salas also claimed that on-chain smart contract...
Social On-Chain App Stars Arena Suffers $2.9 Million Hack; Team Secures Funds to ‘Close the Gap’
8.10.2023
Stars Arena, an on-chain social app built on the Avalanche blockchain, suffered a $2.9 million hack Saturday, when hackers took advantage of a vulnerability in its smart contract, draining funds. Stars Arena’s team has already announced that it has secured the funds to close the gap and will...
Nifty News: Yuga cuts staff, NFT trading volume on Mythos Chain surges and more...
7.10.2023
Yuga Labs CEO Daniel Alegre said the firm was stretching itself thin by taking on too many projects, and will now focus on its core aims with a smaller team
Avalanche Price Prediction as AVAX Pumps Another 5.5% on SocialFi Hype and Rising On-Chain Activity
6.10.2023
AVAX, the native token that powers high throughput layer-1 blockchain protocol Avalanche, has pumped another 5.5% on Friday, takings its gain on the week to close to 10%, as the launch of a new SocialFi (web3 social media platform) called Stars Arena on its blockchain generates hype.
As...
Today in Crypto: Yield Protocol Shutting Down, Wirex Reveals App Chain Connecting DeFi & TradFi, Montréal Exchange Announces BTC Futures Contracts
4.10.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Yield Protocol Shutting Down, Wirex Reveals App Chain Connecting DeFi & TradFi, Montréal Exchange...
Shiba Budz (BUDZ): The Game-Changer in Decentralized Gaming
2.10.2023
In the world of cryptocurrencies, the emergence of Shiba Budz (BUDZ) has sparked a notable revolution in the realm of decentralized gaming. This development is characterised by the innovative use of blockchain technology to enhance gaming processes and establish secure on-chain marketplaces...
US Representative Introduces Legislation to Mandate Reporting of Off-Chain Crypto Transactions to the CFTC
30.9.2023
Virginia’s Democratic representative Don Beyer has ushered in a fresh bill mandating the documentation of off-chain transactions and over-the-counter (OTC) crypto engagements by cryptocurrency exchanges, to be catalogued in a repository under the purview of the U.S. Commodity Futures Trading...
New US bill to require firms to report off-chain transactions to CFTC
29.9.2023
The new legislation aims to protect crypto investors from disputes, manipulation or fraud potentially stemming from transactions occuring off-chain
U.S. Democrat’s Bill Urges Exchanges to Share Off-Chain Crypto Transactions to Regulators
29.9.2023
U.S. Rep. Don Beyer, a Democrat serving the 8th District of Virginia, is pushing a bill that would establish centrally-accessible repositories for off-chain cryptocurrency transaction data.
The bill, dated Sept. 27 – the Off-Chain Digital Commodity Transaction Reporting Act – urges crypto trading...
U.S. House Bill Seeks Centralized Record of Off-Chain Crypto Transactions
28.9.2023
It would be hard for a big exchange to repeat an FTX collapse if the firm’s internal flow of crypto assets was also reported to an outside repository that U.S. regulators could see. That’s the idea behind new legislation from Rep. Don Beyer (D-Va.) that would force exchanges to share the movement...
PayPal applies for NFT marketplace patent for on-chain or off-chain asset trading
28.9.2023
PayPal’s proposed NFT purchase and transfer system would handle fractionalization, DAOs and royalties through a third-party provider
On-chain Expert Probes the Ethereum Foundation's Link to the Filecoin ICO
28.9.2023
An on-chain investigator, known as @BoringSleuth on X (formerly Twitter), has raised questions about the origin of the popular blockchain project Filecoin (FIL) and its initial coin offering (ICO).
In a recent report shared on X, BoringSleuth detailed that they began their investigation...
Examining dYdX’s Path to Profitable DeFi
28.9.2023
Is Bitcoin price going to crash again?
28.9.2023
Bitcoin is still down 60% from its November 2021 all-time high so many traders are wondering if BTC price could crash further in the coming months
The Scalability Solution: Understanding Layer One vs. Layer Two Blockchains
28.9.2023
Layer one (L1) and layer two (L2) blockchains offer different approaches to scaling distributed ledger networks. While developers of L1 blockchains focus on improving the base protocol, L2 programmers have moved transactions off-chain to enable faster and cheaper transactions. What Are Layer...
Chainlink’s Cross Chain Protocol Goes Live On Base: Here’s The Latest
27.9.2023
Blockchain oracle network Chainlink has integrated its Cross-Chain Interoperability Protocol (CCIP) on the Coinbase layer 2 network, Base.
According to a Sept 27 press release, the cross-chain interoperability protocol is now live on Base giving the network’s developers access to the whole...
MATIC Holds Still Above $0.50 As Renewed Chain Activity Attracts Bulls
27.9.2023
Polygon (MATIC) has maintained its stance above $0.50 despite recent bearish pressure which some observers suggest could see the token fall below the support level.
At press time MATIC trades at $0.51 after recovering a slight decline below $0.50 this month. Despite this, MATIC holders have...