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Bitpanda introduces multi-chain network support
18.10.2023
Bitpanda introduces multi-chain network support to facilitate users in moving selected crypto assets across multiple blockchains, including the Polygon Network and the BNB Smart Chain. Multi-network support benefits a user with the provision of further workability options with regards to...
Chinese Bank Rolls Out Digital Yuan Supply Chain Financing Solution
17.10.2023
More Chinese banks want to use digital yuan-powered smart contracts in their operations, and hope to use the CBDC in the financing of supply chains.
Per Xinhua (via the People’s Daily), the Agricultural Bank of China will work on a solution with Luzhou Laojiao.
The latter is a traditional alcohol...
FTX Estate Stakes $122 Million Worth of Solana: On-Chain Report
16.10.2023
The FTX bankruptcy estate has staked over 5.5 million Solana (SOL) tokens, valued at a substantial $122 million, from one of the exchange’s main Solana blockchain wallets.
The action was revealed through on-chain data from blockchain explorer SolanaFM and was first reported by The Block.
One...
Token adoption grows as real-world assets move on-chain
16.10.2023
From real estate and digital art to government bonds, tokenizing real-world assets is no longer a thing of the future
Now live: Y00ts cross-chain bridge to Ethereum
16.10.2023
Y00ts has announced that it has finally launched the bridge from Polygon to Ethereum. Users have until October 22, 2023, to complete the migration process. It can take up to an hour due to traffic. Hence, users may want to be quick in initiating the migration process. Y00ts is covering the gas fees...
Acme Introduces an Intent-Based Network to Simplify Blockchain Transactions
16.10.2023
PRESS RELEASE. Acme, founded by Nilesh Khaitan (ex-head of crypto, Venmo-PayPal), is building an intent-based network to simplify on-chain transactions to #OneTap. Acme’s experience makes on-chain transactions accessible to non-crypto natives, and empowers developers to simplify and secure...
Binance Burns $450M BNB in Quarterly Move
16.10.2023
The burn mechanism is based on BNB's price and the number of blocks generated on the BNB Smart Chain (BSC) during the quarter
Binance Completes 25th Quarterly BNB Burn, Removing $453 Million in Value
16.10.2023
One of the world's largest cryptocurrency exchanges, Binance, has successfully completed its 25th quarterly BNB token burn, reducing the supply of its native cryptocurrency, Binance Coin (BNB).
In this latest burn, a total of 2,139,182 BNB tokens were removed from circulation, translating to...
EtherHiding: Hackers create novel way to hide malicious code in blockchains
16.10.2023
Threat actors have worked out a way to hide malicious payloads in Binance smart contracts to lure victims into updating their browsers from fake prompts, according to cybersecurity researchers
US Grocery Chain Trader Joe’s Sues Decentralized Exchange Trader Joe for Trademark Infringement
13.10.2023
Grocery chain Trader Joe’s filed a lawsuit this month against the decentralized exchange (dex) platform Trader Joe for trademark infringement. The suit, filed in federal court in Los Angeles, alleges that Trader Joe illegally copied the Trader Joe’s brand name and seeks to bar the exchange from...
Crypto for Advisors: Advisors Pivot to On-Chain Support
12.10.2023
How can advisors support client interest in digital assets? Thanks to Miguel Kudry from L1 Advisors for taking us through examples in today’s Crypto for Advisors newsletter
Reddit's Fortnite Token BRICK More Than Doubles After Two-Months of Decline
12.10.2023
Bricks (BRICK), the native token of Reddit's Fortnite community, surged by 100% over the past 24-hours following a two-month downswing that saw it lose more than 80% of its value
Lido Finance discloses 20 slashing events due to validator config issues
12.10.2023
The initial impact amounted to 20 Ether, worth $31,000, while the validator involved has now been taken offline
Tokenized RWA Platform Untangled Goes Live, Gets $13.5M Funding to Bring Private Credit On-Chain
11.10.2023
Tokenized real-world asset (RWA) marketplace Untangled Finance went live Wednesday on the Celo network after securing a $13.5 million venture capital boost to bring tokenized private credit to the blockchain, the company told CoinDesk
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