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SquidGrow: Building During the Bear
15.12.2023
PRESS RELEASE. 15th December 2023. SquidGrow, the meme-utility token co-founded by the elusive crypto whale Shibtoshi, continues to innovate with new ways to energize the community. These include developing a custom bridge and privacy cross chain aggregator, liquidity locker, NFT marketplace...
Safemoon Files for Chapter 7 Bankruptcy Month After SEC Charged Founders With Fraud
15.12.2023
Source: Pixabay Decentralized finance protocol SafeMoon has officially filed for Chapter 7 bankruptcy protection in the face of mounting allegations of fraud and mismanagement. The company’s founders Kyle Nagy, Thomas Smith, and Braden Karony, accused of misleading investors, are facing...
Blockchain Firm Ledger Confirms Library ConnectKit Compromise
15.12.2023
Source: iStock/welcomia Hardware wallet provider Ledger has warned users to avoid connecting to any supported decentralized applications (dApps) using its software due to a compromise in its Library ConnectKit. According to information shared on its X (formerly Twitter) handle, a malicious version...
Taipei Blockchain Week Opens with Vitalik Buterin, Binance’s Richard Teng
14.12.2023
Taipei Blockchain Week 2023 — Finance Cupcake. Photo by: Tanzeel Akhtar Taipei Blockchain Week kicked off this week with around 2,000 people from the crypto community gathering on Thursday to hear industry players discuss blockchain trends ranging from Llayer 1’s role in Web3’s...
Ledger Library Exploit Alert: Users Warned Against Interacting With Dapp Front Ends Amid Wallet Drainer Risk
14.12.2023
According to several reports, there’s been an alleged Ledger Connectkit Library exploit and people are being warned not to interact with decentralized application (dapp) front ends. Reportedly, the library that maintained several dapps now contains a wallet drainer. Ledger Library Breach: Experts...
Breaking: Ledger Removes Bug Allowing Popular Decentralized Applications To Be Compromised – Here’s the Latest
14.12.2023
Source: iStock / welcomia Multiple popular decentralized applications (dApps) have been compromised following a hack against a popular Web3 connector on Wednesday, numerous software experts confirmed on Thursday. “Do not interact with ANY dApps until further notice,” warned Matthew Lilley, CTO...
Yearn.finance Ask Traders to Return Gains Following $1.4 Million Multisig Error- What’s Going On?
14.12.2023
Source: AdobeStock / Sergey Nivens Decentralized finance (DeFi) protocols Yearn.finance has called on arbitrage traders to return excess profits they accrued as a result of a multi-signature scripting error that led to a $1.4 million drain. In a Dec 11 GitHub post, the protocol’s contributor...
S&P Global Ratings Introduces Stablecoin Stability Assessment Rankings
13.12.2023
In a combination of both traditional and decentralized finance (defi) sectors, S&P Global Ratings has announced the launch of its stablecoin stability assessment. The latest tool aims to evaluate the ability of stablecoins to maintain their value relative to fiat currencies. New S&P...
Okx Dex Falls Victim to $2.7M Cyber Heist, Arkham Confirms
13.12.2023
Numerous reports reveal that a security breach at Okx’s decentralized exchange (dex) platform resulted in financial damages estimated at $2.7 million, as confirmed by the onchain intelligence firm Arkham. Crypto Platform Okx Dex Hit by $2.7 Million Hack, Bounty Offered for Hacker’s...
Is It Too Late to Buy Osmosis? OSMO Price Spikes 25% as New Meme Coin Approaches Exchange Listing
13.12.2023
Osmosis (OSMO), the leading decentralized exchange (DEX) on the Cosmos (ATOM) blockchain, has exploded in a +25% price move, but as OSMO price enters localized retracement – is it too late to buy Osmosis? The explosive price action appears to have been triggered by a major development on...
Cantor Fitzgerald’s CEO Says He’s A Big Fan of Bitcoin and Stablecoin Issuer Tether
13.12.2023
Image Source: Pixabay Howard Lutnick, the CEO of Cantor Fitzgerald says he is a fan of Bitcoin (BTC) citing the halving cycle and its decentralized nature as reasons behind the widespread popularity. Speaking at CNBC’s Money Mover podcast, the CEO commented on inflation, the reaction of the Feds...
OKX DEX Exploited: Wallets Authorized to the Exchange Lost Approximately $370,000
13.12.2023
Image Source: Adobe OKX DEX, a decentralized exchange and cross-chain bridge aggregator, has been exploited, with some wallets authorized to the platform losing around $400,000. According to analysis conducted by blockchain security firm SlowMist, the issue revolves around the authorization...
BNB Chain’s New Roadmap Prioritizes Blockchain Adoption, Web2 and AI Support
12.12.2023
Source: AdobeStock / akif BNB Chain has unveiled the roadmap for the Greenfield decentralized storage network targeting web2 and web3 integrations and better innovation to drive blockchain adoption. In a Dec 12 statement, the company highlighted key areas of Greenfield’s development roadmap...
Q Protocol to Apply International Court of Arbitration Rules to DeFi Disputes in a Sign of Growing Industry Maturity
12.12.2023
Q Protocol, which provides blockchain governance as a service to Web3 and decentralized autonomous organizations, will use the rules laid out by the International Chamber of Commerce (ICC)'s arbitration court to resolve disputes and enforce awards
LFNTY Coin is Up 150x in 24 Hours and Crypto Experts Say This Bitcoin ETF Token is Next
12.12.2023
Source: Dall•E 3 LFNTY Coin has gained by 20,000% in the past 24 hours, with the altcoin currently trading at $1.6521 on the Solana-based Orca decentralized exchange. It listed on Orca only yesterday, trading against USDC and opening at a price of $0.005964. The coin’s fundamentals, based...
Large Transactions and Tokenization Drive AVAX Growth Above 82% in Seven Days
12.12.2023
Source / Sam Cooling x ArtificialArtist The cryptocurrency market continues to experience rapid price surges and slight corrections in recent weeks setting the tone for more decentralized finance (DeFi) transactions as the market rebounds. Among altcoins, Avalanche (AVAX) maintains its bullish...
China to Verify Citizens' Identities With New Blockchain-Based Platform
12.12.2023
The announcement follows a government rule change to require social media influencers to display their real names
Decrypt and Rug Radio Announce Merger, Will Create Global Web3 Publishing Company
11.12.2023
Source: PixabayCrypto news site Decrypt and decentralized media project Rug Radio will merge operations next year, with the goal of creating a global Web3 publishing company. In a joint press release on Monday, the companies announced that the merger would result in the creation of [REDACTED],...
Decentralized Exchange Uniswap Expands to Bitcoin Sidechain Rootstock
11.12.2023
Uniswap version 3 (v3) has been deployed on Bitcoin sidechain Rootstock by GFX Labs, the team behind trading terminal Oku
Nigerian Web3 Startup Wicrypt Gets Grant From Microsoft to Develop Its Infrastructure Network
11.12.2023
Nigerian Web3 startup Wicrypt announced on Dec. 6 that it had received a $150,000 grant from Microsoft. The startup plans to use the grant to improve productivity around its decentralized physical infrastructure network development chain. In late November, Wicrypt also received a $200,000 grant...