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
Ethereum
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
Hong Kong retail cryptocurrency traders are experiencing new opportunities as local exchanges are launching retail trading services. This development comes after HashKey Exchange was granted Type 1 and Type 7 licenses by the Hong Kong Securities and Futures Commission (SFC) on August 3, allowing them to serve professional, institutional, and retail investors. In addition, digital
Circle, the company behind the popular United States dollar stablecoin USD Coin (USDC), is set to launch a native version of the stablecoin on the Base network. This move will replace the current USD Base Coin (USDbC) that users have been using as a substitute. In an announcement made on August 29, CEO Jeremy Allaire
The Controversial Decision of friend.tech The latest decentralized social media platform in the crypto space, friend.tech, has caused a stir within the community due to its recent announcement regarding penalties for users who choose to participate in forks or copycat versions of its tokenized social media platform. The decision to punish users has been met
Cryptocurrency news in East Asia continues to make headlines, with significant developments in various countries. From the opening of a new crypto exchange in Hong Kong to China’s crackdown on private blockchain firms, here are the latest updates from the region. Crypto exchange HashKey is set to open its doors to retail traders in Hong
The advent of Unstoppable Domains’ (UD) instant messaging system has marked a new era in Web3 communication. This groundbreaking development, announced by principal engineer Aaron Quirk on August 23, now allows owners of UD-registered usernames, such as .crypto, .wallet, and .polygon, to seamlessly message one another across various XMTP-enabled apps. To ensure privacy and security,
In a surprising turn of events, it has been revealed that former United States President Donald Trump owns over $2.8 million in an Ethereum wallet. This information was brought to light by the non-profit watchdog, Citizens for Responsibility and Ethics in Washington, in their recent financial statement release on August 14th. The financial report discloses
The recent brute force hack on RocketSwap Labs has sent shockwaves throughout the crypto community. With a staggering $865,000 or 471 Ether (ETH) stolen from the protocol, the project is now faced with the daunting task of picking up the pieces and bouncing back stronger than ever. The team behind RocketSwap Labs has wasted no
In the ever-evolving world of blockchain and cryptocurrency, a new development called Bitcoin Ordinals has emerged. Created by Bitcoin developer Casey Rodarmor in January 2023, Ordinals are inscriptions made on individual units of a digital asset. They function similarly to limited edition lithograph prints, where each Ordinal is numbered and holds a unique value. Adding