Tag: Crypto
Drake’s X account appears to have been compromised and was used to advertise Solana memecoin
On Saturday night, it appears that a Solana memecoin based on Canadian superstar Drake’s cartoon “alter ego” was promoted through his X account. A post by a since-deleted X account…
To increase its Ethereum investing options, Grayscale introduces Lido DAO and Optimism Trusts
The Grayscale Lido DAO Trust and the Grayscale Optimism Trust are two new cryptocurrency investment vehicles that Grayscale Investments has announced would give accredited and institutional investors access to tokens…
The South Korean metaverse project Another World will combine with Lamina1 after a token deal
Author Neal Stephenson of “Snow Crash” founded the metaverse project Lamina1, which announced on Wednesday that it is merging with Another World. Through token exchanges and focused onboarding aimed at…
Following DAO approval of the ZKsync migration, the decentralized gaming project Treasure starts its mainnet
The project’s DAO declared on Wednesday that Treasure, the web3 gaming ecosystem that recently decided to switch to ZKsync, had gone live on the mainnet. This launch represents one of…
A former Bridgewater executive is leading a $25 million financing round for COSIMO, a discreetly evolving, diversified cryptocurrency holding company
In a funding round managed by Des Mac Intyre, a co-founder of Eolas Capital and a former executive at Bridgewater Associates and Mellon Investments Corporation, COSIMO, a digital asset holding…
The CEO of the cryptocurrency company WonderFi was abducted and subsequently freed after paying a $1 million ransom: report
According to a CBC report, Dean Skurka, the CEO of WonderFi, a company based in Toronto, was abducted and then freed after paying a $1 million ransom. After being pushed…
Transak reports a roughly 100,000 user data breach, and the Stormous ransomware gang takes credit
Metamask, Trust Wallet, Coinbase, Ledger, and other blockchain platforms use Transak, a Miami-based fiat-to-crypto payment gateway, which revealed on Monday that 1.14% of its users were impacted by a data…
It looks that Radiant Capital experienced a $51 million hack on its Arbitrum and BNB Chain instances.
The money market on a chain Onchain data and Web3 security Ancilia appear to indicate that Radiant Capital is being exploited. Based on information from Arkham Intelligence, the attack started…
Clearpool creates an Optimism ecosystem Layer 2 chain driven by Caldera
Clearpool, a marketplace for undercollateralized loans, is developing on Ozean, a Layer 2 blockchain that will be integrated into the Optimism ecosystem. Based on the OP Stack, Ozean will donate…
German crypto ATM heist results in $28 million being taken
German crypto and the summer have had a lot going on. After selling Bitcoin that had been seized, German officials came under fire for their unfavorable views of cryptocurrencies. August…
Micro3.io and Kroma Form Groundbreaking Collaboration in Web3 Evolution
Kroma, a positive rollup on the Superchain that makes use of zkEVM technology, has announced a fascinating new collaboration with Micro3.io. This partnership represents a significant advancement in the development…
Adoption of cryptocurrencies rises 6.4% in H1’24 as a result of Bitcoin and Ethereum milestones
According to Crypto.com’s most recent market sizing analysis, ownership of the global cryptocurrency market increased significantly during the first half of the year. From 580 million at the end of…
The Sovereign Wealth Fund of Norway Increases Its Indirect Bitcoin Exposure
As of the first half of 2024, the typical Norwegian indirectly “owns” $27 worth of Bitcoin thanks to investments made by the nation’s sovereign wealth fund. Through investments in tech…
Chainalysis: Illicit cryptocurrency activity has decreased by over 20% since January
A recent research from prominent blockchain analytics company Chainalysis shows that while inflows into legal services are at their greatest point since the previous bull run of 2021, illicit bitcoin…
Exodus news sources $10 million net loss in the company’s first quarterly report following its NYSE American listing
Exodus Movement, a provider of self-custody wallets, announced an 80% increase in second-quarter sales to $22.3 million over the previous year. But the company’s cost of revenue also went up,…
Twitter’s cryptocurrency pump and dump of Trump Memecoin
In less than seven days following the release of the most recent “official” Donald Trump memecoin, cryptocurrency Twitter pushed and dumped a different token that was purportedly associated with the…
Bitcoin and Ethereum Rebound Even as Genesis Keeps Making Repayments
Genesis, the now-bankrupt centralized cryptocurrency lending company, has transferred $13 million in assets to compensate those affected by their collapse, less than two hours after Bitcoin recovered $59,000. The transfers…
$9 million Series A financing for Daylight, a DePIN initiative, is led by A16z Crypto
In a Series A fundraising round headed by A16z Crypto, Daylight, a decentralized physical infrastructure network (DePIN) initiative centered on energy delivery, raised $9 million. According to Daylight on Wednesday,…
Launch of the AMM and Perps protocol on Flare by SparkDEX
SparkDEX has chosen to launch its DeFi hub on the data-focused layer 1 blockchain, using its data protocols to provide decentralized data access, according to a Monday release by Flare….
Movement Labs and Up Network collaborate to introduce the Web3 smartphone
The goal of this partnership is to transform the Web3 user experience for consumers by improving privacy, scalability, and usability. Zero-knowledge proofs and biometric sensors will be used by the…