Breaking News Archives

Government websites fall prey to crypto scammers

Official web portals from various jurisdictions, including India, Nigeria, Egypt, Colombia, Brazil, and Vietnam, are funneling users to a bogus MetaMask website. Visitors receive a phishing warning from Microsoft Defender the moment they access the site. Ignoring this alert and connecting one’s MetaMask could result in catastrophic loss of funds.The fraudulent website is depicted beside the authentic one in a screenshot.

05 Sep 2023

Coinbase recorded one of the largest ETH transfers this year

It involved two transactions of 150,000 ETH each, totaling approximately $480 million. The purpose behind this transfer remains a mystery, and it may not necessarily impact the price.

05 Sep 2023

A $16 million security breach impacts Stake betting service

Hackers managed to drain 6000 ETH, 3.9 million USDT, 1.1 million USDC, and 900,000 DAI from the company’s address. Tongue-in-cheek, one might say Drake was responsible for the audit. UPD: Hacken has disclosed that an initial cyber theft of $20.69 million was executed on the Ethereum network, which was followed by subsequent heist amounting to $25.6 million across the BSC and Polygon networks. The project’s team has not yet commented on the breach. The only information available is a Telegram channel update, indicating technical maintenance for the withdrawal of ETH, USDT, and ERC20 tokens.

04 Sep 2023

UK Gears Up for the November AI Summit

Today, key aspects of the summit’s agenda were revealed, giving priority to risk management and support strategies. Leaders from major countries, top tech organizations, academic circles, and civic groups will converge at the event to discuss expedient actions in the cutting-edge arena of AI development. The UK’s representatives are of the opinion that fostering AI investment could significantly benefit society and economic productivity, but only if done within a regulatory framework. “Without appropriate guardrails, this technology also poses significant risks in ways that do not respect national boundaries. The need to address these risks, including at an international level, is increasingly urgent.“

04 Sep 2023

Ethereum Gains Support from Solana Amidst MakerDAO Developments

After the announcement that MakerDAO intends to roll out a new version of its platform on Solana, Anatoly Yakovenko suggested this shouldn’t be viewed as a challenge to Ethereum. In his perspective, MakerDAO’s move accentuates the merits of open-source solutions rather than the superiority of one blockchain over another, especially given Ethereum’s pivotal role in research for numerous developers. “Ethereum is awesome. Solana wasn’t built in a vacuum, and tons and tons of things that make Solana special were built based on Ethereum’s r&d,” commented the Solana co-founder. Meanwhile, Ethereum co-founder Vitalik Buterin has sold all his MKR tokens for 353 ETH.

04 Sep 2023

France’s Data Watchdog Investigates Worldcoin

The French Data Protection Agency (CNIL) has conducted inspections at Worldcoin’s Paris office due to concerns about the company’s biometric data collection practices. Worldcoin, co-founded by ChatGPT CEO Sam Altman, scans users’ irises in exchange for a digital ID and the promise of free cryptocurrency. The Worldcoin Foundation, incorporated in the Cayman Islands, has expressed its willingness to undergo the review and affirms its commitment to complying with regulatory requirements.

03 Sep 2023

Base’s Ascent: Now a Top-3 Contender in Layer 2 Solutions

The rollout of Aerodrome, a low-fee token swap platform, has propelled Base’s Total Value Locked (TVL) to a noteworthy $400 million. This milestone has not only allowed Base to outpace zkSync Era, which stands at $384 million, but also fueled a 56% TVL growth for Base in the past week alone. “The growth has been extraordinary and is a validation of our thesis that ecosystem native DEXs can win,” said Alexander Cutler, co-founder of Aerodrome,

02 Sep 2023

StarkWare & Herodotus Break Ethereum Data Barriers

London’s Herodotus, in collaboration with StarkWare, has launched an “on-chain accumulator” tool that lets users read and verify any part of Ethereum’s history. This tackles Ethereum’s current limitation of validating only the last 256 blockhashes. The tool uses “storage proofs,” a cryptographic method, to confirm the validity of data. This could be a game-changer for creating permissionless account recovery systems and insurance protocols that rely on historical on-chain data.

01 Sep 2023

China Mobile Launches World’s First Metaverse 5G Network

This offers access to a variety of metaverse services and applications, including digital football, live broadcasts, social interactions, and official digital personas within the metaverse. The 5G super network is situated in Beijing Workers’ Stadium. Furthermore, the Gongtai Meta Universe GTVerse experience center is set to commence internal testing in October.

01 Sep 2023

Cryptocurrencies should not aim for mass adoption

Former Vice President of Tinder Jeff Morris believes that cryptocurrency developers’ desire for 1 billion users is misguided, as a passionate and small community can be more valuable. Morris also believes that cryptocurrency apps should be made more accessible to regular users to lower the threshold of entry into the industry and create an enjoyable user experience.

31 Aug 2023

Proactive Prevention: The Key to Combatting Crypto Fraud

At the Intersekt 2023 fintech conference, top executives from Australian crypto firms addressed the growing concern of fraud in the sector. Their consensus? Educating users about scammers’ tactics can drastically cut down on fraud incidents. Instead of simply responding to issues, the focus should be on proactive prevention. The discussion also pointed out that the responsibility for curbing crypto scams doesn’t just fall on the crypto industry — it’s shared by banks, social media platforms, and telecom companies as well.

31 Aug 2023

Uniswap triumphs in a class action lawsuit

On August 30, Judge Katherine Polk Failla delivered a significant ruling on a case brought forth by Uniswap users who alleged they lost funds due to scam tokens on the platform. She stated that ETH and Bitcoin qualify as crypto commodities, a pivotal factor in her decision to close the Uniswap case.J udge was not persuaded by arguments suggesting Uniswap token sales were subject to the Exchange Act. Failla is also the judge overseeing the SEC’s case against Coinbase.

31 Aug 2023

Google Cloud Collaborates with El Salvador

This collaboration seeks to digitize various sectors, including government services, healthcare, and education. The Google Distributed Cloud (GDC) services will enhance local infrastructure and data processing capabilities, aligning with El Salvador’s vision to become an innovation hub. President Nayib Bukele emphasized the importance of technology and foreign investment for the nation’s development: “Google’s global experience combined with the audacity of El Salvador will redefine the technological landscape.”

30 Aug 2023

Crypto Literacy Scale: Bridging the Knowledge Gap

Researchers from the University of Cincinnati have crafted a crypto literacy scale (CLS) to gauge and standardize understanding of cryptocurrencies and related tech among consumers and policymakers. Their study, “Measuring Crypto Literacy,” emphasizes the difference between traditional financial literacy and crypto literacy. The team believes that while financial literacy helps prevent scams, there’s a distinct need for a crypto-specific scale.

30 Aug 2023

New Chain Development Kit from Polygon

Polygon Labs has launched its Chain Development Kit (CDK), a software tool designed to help developers create Ethereum Layer 2 chains powered by zero-knowledge proofs. The toolkit will support an “Interop Layer,” a new protocol that aggregates zero-knowledge proofs from multiple Polygon chains and secures them on the Ethereum mainnet. This move aligns with Polygon’s shift towards creating more interconnected chains, similar to ecosystems like Cosmos and Polkadot.

29 Aug 2023

X (Twitter) Secures Crypto License

X, previously known as Twitter, has successfully obtained the Rhode Island Currency Transmitter License, enabling it to offer cryptocurrency payments and trading services in the U.S. This acquisition, confirmed on August 28 via NMLS data, aligns with X’s ambition to be a “cryptocurrency-friendly” platform. Earlier, X had integrated features like Bitcoin tipping and NFT profile picture support. With this license, users might soon be able to send, receive, and store crypto directly on X, further mainstreaming cryptocurrency use.

29 Aug 2023

Grayscale triumphs in a lawsuit against the SEC

Victory in court against the SEC enables Grayscale to transform its Bitcoin Trust (GBTC) into an ETF. This development sent Bitcoin soaring past the $27,000 milestone. Within a 45-day period, the SEC can petition for a rehearing. Once this time elapses, the court will deliver a final mandate specifying the future course of action.

29 Aug 2023

Enterprises face mistrust due to the use of AI

According to a study by Salesforce, approximately 74% of customers are concerned about the unethical use of new technologies. That said, only 57% trust companies’ statements on this matter. Openness to AI is also problematic and has steadily declined over eight months, from 65% to 51%. Customers’ primary concerns revolve around security, control, and ethics: A clear understanding of where artificial intelligence is being applied (as indicated by 89% of respondents). Verification of AI-generated outcomes (80%). Bias in the AI-produced results (63%). Furthermore, 68% of the respondents believe that artificial intelligence amplifies the significance of trust in companies and heightens the responsibility brands owe to their customers.

29 Aug 2023

How Friend․tech Tackles Competitors

In a recent tweet, the Friend․tech team opened up about their awareness of potential rivals and clones entering the market.In response, they shared a cautionary post on X (Twitter): “…users moving to forks and copies will automatically opt out of earning Points and forfeit existing points. They will be able to use the app normally.”

29 Aug 2023

India’s PM calls for universal cryptocurrency regulation

Narendra Modi speaks in favor of an integrated approach to new technologies. As tech progress accelerates, he advises the global community to establish wide-reaching rules and a collective strategy. “At the same time, the rules, regulations, and framework around it should not belong to one country or a group of countries. So not only crypto, but all emerging technologies need a global framework and regulations,” highlighted India’s Premier.

28 Aug 2023

Shibarium Mainnet and Bridge Back in Action

Shibarium, the Layer 2 blockchain by Shiba Inu’s creators, is back in action. After a temporary shutdown due to scalability issues, the team has reopened withdrawals on its bridge to Ethereum. The pause initially locked millions in user funds and caused community unrest. Now, the mainnet and bridge are fully functional, allowing withdrawals of various assets like SHIB, LEASH, and WETH within 45 minutes to 3 hours. BONE token withdrawals are also back but may take up to 7 days.

28 Aug 2023

Remembering Crypto Pioneer Hal Finney: 9 Years On

He received the very first Bitcoin transaction in history, sent by the mysterious Satoshi Nakamoto. Regrettably, Hal’s battle with ALS culminated in his physical paralysis and eventual passing on August 28, 2014, in Phoenix, Arizona, at the age of 58. Finney was at the forefront of those who embraced the fascinating technology of human cryopreservation — the process of freezing bodies for potential revival in the future. Hal’s vision and unwavering belief in the power of decentralization laid the foundation for the innovations we enjoy today. His legacy lives on, inspiring countless enthusiasts worldwide to carry forward his passion for crypto and innovation.

28 Aug 2023

SBF attorneys challenge conditions to prepare for trial

Sam Bankman-Fried’s attorneys argue that he cannot adequately prepare for trial in prison. This is due to prosecutors handing him an additional four million pages of documents to review just six weeks before his scheduled October trial. “We do not believe that anything short of temporary release will properly address these problems and safeguard Mr. Bankman-Fried’s right to participate in his own defense,” the attorneys wrote.

26 Aug 2023

Embracing the Fall vibes!

Ever since 2013, during the last week of summer (the 35th week of the year), BTC has ended in the green 8 out of 10 times. However, September is historically known for its bearish tendencies. How will Bitcoin mark the end of this summer?

26 Aug 2023

Opinion

Who Is Crypto Kaleo: A Market Analyst with 700,000 Followers

Crypto Kaleo is a renowned crypto trader and one of the most followed influencers in the industry. Active since 2017, he has built a strong presence on X, TradingView, and other platforms, sharing technical analysis, market predictions, and insightful commentary on the crypto space.

Peter Tuchman: Einstein of Wall Street and His Trading Tips

Marc Andreessen — Visionary Behind Silicon Valley’s Iconic Firm

Investigation

Zora Network Reviewed: A Testnet Guide

Are sky-high Ethereum fees getting you down? The folks at Zora have come up with an alternative, introducing their Layer 2 solution with lower transaction fees. This article will walk you through how to get involved with the project and earn some rewards.

News

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Breaking News

MetaMask’s New Feature: Cash Out Directly to Fiat!

Government websites fall prey to crypto scammers

Coinbase recorded one of the largest ETH transfers this year

A $16 million security breach impacts Stake betting service

UK Gears Up for the November AI Summit

Ethereum Gains Support from Solana Amidst MakerDAO Developments

France’s Data Watchdog Investigates Worldcoin

Base’s Ascent: Now a Top-3 Contender in Layer 2 Solutions

StarkWare & Herodotus Break Ethereum Data Barriers

China Mobile Launches World’s First Metaverse 5G Network

Cryptocurrencies should not aim for mass adoption

Proactive Prevention: The Key to Combatting Crypto Fraud

Uniswap triumphs in a class action lawsuit

Google Cloud Collaborates with El Salvador

Crypto Literacy Scale: Bridging the Knowledge Gap

New Chain Development Kit from Polygon

X (Twitter) Secures Crypto License

Grayscale triumphs in a lawsuit against the SEC

Enterprises face mistrust due to the use of AI

How Friend․tech Tackles Competitors

India’s PM calls for universal cryptocurrency regulation

Shibarium Mainnet and Bridge Back in Action

Remembering Crypto Pioneer Hal Finney: 9 Years On

SBF attorneys challenge conditions to prepare for trial

Embracing the Fall vibes!

Opinion

Who Is Crypto Kaleo: A Market Analyst with 700,000 Followers

Peter Tuchman: Einstein of Wall Street and His Trading Tips

Marc Andreessen — Visionary Behind Silicon Valley’s Iconic Firm

Investigation

Zora Network Reviewed: A Testnet Guide

What is Liquidity and How Does It Work in Crypto?

Altitude: An Overview of the Project and Testnet Guide