Ethereum

In a recent incident on October 5, the StarsArena Web3 app on the Avalanche network fell victim to a malicious attack, resulting in the loss of a significant amount of funds. The attack was brought to light by a user with the handle Lilitch.eth, who raised the alarm on X (formerly known as Twitter). According

In the world of blockchain, where transparency and security are key, the dark underbelly of cryptocurrency laundering continues to thrive. Recent investigations by blockchain analytics investigators have shed light on an individual who is allegedly involved in a cryptocurrency laundering operation. This article delves into the details of the operation, the methods used, and the

Decentralized social media platform Friend.tech, built on Coinbase’s layer-2 protocol Base, has recently experienced significant growth in terms of revenue and total value locked (TVL). Despite initial skepticism from critics and doubts about its sustainability, Friend.tech has defied expectations and emerged as a rising star in the Web3 space. Friend.tech, launched in August 2023, offers

A recent report by Spot On Chain has revealed unsettling information regarding an address linked to the FTX exploit. The address, identified as 0x3e9, has conducted transfers of over 10,000 Ether (ETH), amounting to approximately $17 million. These transfers were made to five different addresses, marking a significant increase in activity for these previously inactive

Global asset manager VanEck has pledged to donate 10% of all profits from its upcoming Ether futures exchange-traded fund (ETF) to Ethereum core developers for a period of ten years. In a recent announcement on X (formerly Twitter) on Sept. 29, VanEck stated that it believes it is only fair for asset managers to return

Investment manager VanEck has recently unveiled its plans to launch an Ethereum futures exchange-traded fund (ETF), which is generating significant buzz among analysts and investors. The marketing campaign for the ETF has already begun, suggesting that the launch may happen sooner than expected. This article provides an overview of VanEck’s upcoming Ethereum futures ETF and

Analysts from Bloomberg predict that Ethereum futures exchange-traded funds (ETFs) could receive approval from the U.S. Securities and Exchange Commission (SEC) as early as next week. James Seyffart, an analyst at Bloomberg Intelligence, suggests that it is “looking like the SEC is gonna let a bunch of Ethereum futures ETFs go next week potentially.” This

The historic Merge upgrade in September 2022 marked a significant transition for Ethereum, shifting its consensus mechanism from proof-of-work (PoW) to proof-of-stake (PoS). While this upgrade brought about several improvements, it also led to a decline in compliance with the standards set by the Office of Foreign Assets Control (OFAC). This article explores the repercussions

Bankrupt cryptocurrency lending platform, BlockFi, has received a glimmer of hope as the United States Bankruptcy Court in New Jersey has approved its liquidation plan. This development is a significant milestone in the ongoing process and brings the customers one step closer to receiving their repayments. In a court hearing on September 26th, Bankruptcy Judge

The Arbitrum Foundation has recently made an important decision regarding the unclaimed tokens from the Arbitrum airdrop. In an official announcement on X (formerly Twitter), the foundation revealed that it had transferred 69.4 million unclaimed Arbitrum (ARB) tokens to the Arbitrum’s decentralized autonomous organization (DAO) treasury. This move marks a significant development for the Layer

Google Cloud’s BigQuery service has recently announced the addition of 11 new blockchain networks to its data warehouse. This move signifies Google’s continued interest in blockchain technology and its commitment to expanding its blockchain coverage. This article will delve into the details of BigQuery’s latest expansion and the implications it has for enterprise firms and

Decentralized exchange Pancakeswap has recently introduced Transak as a new provider on its “buy crypto” tab. This addition offers users of Pancakeswap an alternative option when purchasing cryptocurrencies. The announcement was made on September 21, bringing Transak onboard as the third provider for this feature. Pancakeswap operates as a multichain decentralized crypto exchange (DEX). It

Grayscale, a prominent digital currency investment company, has recently submitted a proposal to the Securities and Exchange Commission (SEC) for a new Ethereum futures exchange-traded fund (ETF). This move aims to list and trade shares of the Grayscale Ethereum Futures Trust (ETH) ETF under the New York Stock Exchange (NYSE) Arca Rule 8.200-E. With this

Hong Kong-based cryptocurrency exchange CoinEx has recently disclosed that hackers managed to steal more than $70 million worth of tokens. The exchange’s team is currently conducting an in-depth investigation into the incident while working on developing and implementing a new wallet architecture to restore functionality and compensate affected users. Despite the significant amount stolen, CoinEx

The cryptocurrency market has recently witnessed a significant increase in outflows from crypto exchange-traded products (ETPs), indicating a prevailing negative sentiment toward digital assets. These outflows, amounting to $455 million over the past nine weeks, have raised concerns among investors and asset managers alike. This article delves into the reasons behind this trend and explores

Ethereum developers have recently introduced a new testnet called “Holešky” on September 15th. This testnet is specifically designed for staking, infrastructure, and protocol development purposes, as stated in the developer documents. While Sepolia continues to dominate in application development, Holešky aims to address the testing needs by providing a significant initial supply of testnet Ether

Matter Labs, the creator of zkSync, has recently collaborated with DappRadar to launch a new ecosystem portal. zkSync stands as a layer-two blockchain solution for Ethereum payments, aimed at scaling the Ethereum blockchain ecosystem. With over 200 projects already onboard, zkSync has handled more than 8.8 million testnet transactions, showcasing its potential for success. In

Stablecoin issuer Paxos has recently released its first transparency report for PayPal USD (PYUSD), an Ethereum-based stablecoin. The report confirms that the coin is fully backed by assets, providing reassurance to token holders. The total assets held in PYUSD custody are equal to, or greater than, the token balance, with a current value of $44.4

The blockchain world is constantly evolving, and layer-2 solutions powered by zero-knowledge (ZK) proofs have gained significant attention. And now, a new player has entered the ecosystem as Manta Network launches its ZK-as-a-service platform. Manta Pacific, a modular L2 platform, is specifically designed to support Ethereum Virtual Machine (EVM)-native decentralized applications (DApps) by utilizing ZK-proof

Ethereum staking protocol, Lido Finance, has recently responded to allegations of hackers exploiting a known security flaw in the Lido DAO (LDO) token contract. While Lido did not confirm any specific exploits, it acknowledged the existence of the security flaw and reassured users that their LDO and stETH funds remain safe. SlowMist, a prominent blockchain

The Ethereum ecosystem has been revolutionized by the emergence of zero-knowledge (ZK) proof solutions. However, according to Nicolas Liochon, the head of Consensys’ zkEVM Linea, the introduction of proto-danksharding is set to dramatically reduce the cost of rollups. In an exclusive interview with Cointelegraph Magazine, Liochon projected that proto-danksharding could decrease rollup costs by a

In a devastating blow to the crypto gambling industry, the notorious North Korean Lazarus Group has been identified as the perpetrator behind the recent $41 million hack of Stake, a popular crypto gambling platform. This revelation, made by the Federal Bureau of Investigation (FBI) on September 7, has sent shockwaves throughout the cryptocurrency community. Stake,

Privacy in financial transactions has become a crucial concern for individuals around the world. With the rise of blockchain technology and the increasing use of cryptocurrencies, the need for secure and private transactions has never been more apparent. One solution to this problem is the use of privacy pool systems, which allow users to prove

Global payments processor, Visa, has recently announced its support for USD Coin (USDC) payments settled on the Solana blockchain. This marks a significant expansion of Visa’s stablecoin offering and demonstrates the company’s growing interest in cryptocurrencies and blockchain technology. With live and completed pilots already underway, Visa is leveraging the benefits of USDC and blockchain

Crypto gambling site Stake.com recently experienced an alarming situation involving $16 million in suspicious withdrawals on September 4th. The security platform, Cyvers Alerts, labeled these transactions as “suspicious” and identified the withdrawing account as the “Stake.com Hacker.” Etherscan, a blockchain explorer, further suggests that a stolen private key may have caused the drained funds. Blockchain

DeFi continues to make significant strides, and this week, Ethereum staking services have reached an agreement on implementing a 22% limit on all validators. This decision aims to ensure fair markets and maintain the decentralization of the Ethereum network. Several providers, including Rocket Pool, StakeWise, Stader Labs, and Diva Staking, have committed or are in

In a recent dismissal order, Judge Katherine Polk Failla of the United States District Court has characterized Ethereum (ETH) as a commodity in the case against the decentralized exchange Uniswap. The lawsuit, brought by Uniswap users who claimed they suffered losses due to scam tokens on the platform, saw Failla referring to ETH and Bitcoin