Cyvers Alert, a blockchain security firm, recently reported that the Indian exchange WazirX fell victim to an exploitation scheme, resulting in the loss of approximately $235 million. The firm’s system detected multiple suspicious transactions involving WazirX’s Safe Multisig wallet on the ETH network, where a total of $234.9 million worth of funds were moved to
The recent announcement of MON Ventures, a new investment fund by MON Protocol, has sent shockwaves through the blockchain gaming industry. The fund, led by former senior executives from major gaming and media companies, aims to support blockchain gaming studios globally. With a focus on seed and pre-TGE stage applications, MON Ventures is positioning itself
In a recent forecast presented by Joe Burnett, Senior Product Marketing Manager at Unchained Capital, a compelling argument is made for Bitcoin reaching a valuation of $750,000. Burnett emphasizes the importance of assessing Bitcoin’s potential within the broader context of the global financial ecosystem, pointing out that the market may be overlooking crucial factors in
Recently, Shiba Inu (SHIB) experienced a significant surge in price, with a nearly 20% jump in just two weeks. However, this rally was short-lived as the price dropped by 4.5% in the past 24 hours, now sitting at around $0.00001868 according to CoinGecko’s data. The decline in SHIB’s price was accompanied by a plunge in
Recently, leading crypto exchange OKX made the difficult decision to discontinue its services in Nigeria. This move came as a direct result of the regulatory changes imposed by the Nigerian government. OKX sent out emails to its Nigerian users, informing them that they had until August 30 to withdraw their assets from the exchange. After
The gaming industry is in the midst of a significant transformation. Gone are the days of traditional console games, as players now have access to a plethora of mobile applications and online platforms. This shift has been further fueled by the rising popularity of social messaging apps like Telegram, opening up new avenues for innovative
The launch of spot Ethereum ETFs has been highly anticipated by investors, with Chief Investment Officer of Bitwise, Matt Hougan, predicting that these inflows could drive the Ethereum price to new record highs. In his recent client note, Hougan emphasized the significant impact that ETF flows could have on the price of Ethereum, surpassing even
Bitcoin developer Samson Mow has been a vocal advocate for Bitcoin reaching $1 million in value. He remains unwavering in his conviction that the cryptocurrency will hit this unprecedented price point. Mow recently reiterated his bullish stance and even provided a timeline for when he expects Bitcoin to achieve this milestone. Mow attributes his optimism
Crypto exchange OKX has made the decision to cease operations in Nigeria due to local regulations. In an email statement to Nigerian clients, OKX announced that users have until Aug. 16 to close their positions on the platform. After this date, users will only be able to withdraw their funds and contact customer service for
In a groundbreaking announcement, Azarus has revealed that it will be powering the official Twitch live streams for the upcoming Evolution Championship Series. This partnership marks a significant milestone in the world of Esports, as Azarus brings its innovative Web3 overlay platform to enhance the viewing experience for fans of fighting games. The Evolution Championship
Hong Kong’s financial regulators have recently announced the conclusion of a consultation period regarding a licensing program initiative for fiat-referenced stablecoin (FRS) providers. This initiative aims to address the rising trend of digital assets and ensure monetary and financial stability in the region. During the consultation period, which ended in February, the regulators received 108
As the cryptocurrency market continues to evolve, Bitwise Asset Management’s Chief Investment Officer has made a bold prediction regarding the future of Ethereum. According to the CIO, the introduction of Ethereum Exchange-Traded Products (ETPs) could drive the price of ether (ETH) to new all-time highs above $5,000 by the end of the year. This forecast
Cardano (ADA) has experienced a significant increase after hitting a low of $0.3174 earlier this month. However, it is crucial to note that despite this bounce back, the cryptocurrency is still 45% below its highest point this year. The decline in market cap from over $90 billion in 2021 to $15.9 billion on Wednesday has
In the midst of the market recovery this week, XRP has emerged as one of the best-performing crypto assets, briefly hitting $0.62 – a level not seen since March. With over 40% gains in the past week, XRP’s resurgence has been driven by a broader market surge, signaling strong investor confidence and heightened trading activity.
In a surprising turn of events, Bitcoin has managed to bounce back from its three-month low of under $54,000 to tap $66,000 for the first time in roughly a month. The journey to this milestone was not without turbulence, as the leading cryptocurrency went through extreme price fluctuations at the start of the month. However,
Australian computer scientist Craig Wright is facing potential criminal charges for claiming to be Bitcoin’s creator, Satoshi Nakamoto. The High Court Justice James Mellor has referred Wright’s misconduct to the Crown Prosecution Service (CPS) for consideration on charging him with perjury and forgery of documents. This comes after Wright provided false testimony during a trial,
Delabs Games, a prominent South Korean game development company, has made waves in the gaming industry once again with their latest creation: Giga Chad Bat. This clicker game, centered around baseball, is now available for play on the popular messaging platform Telegram. Boasting Web3 capability and meeting the latest standards, Giga Chad Bat is aiming
Recently, the decentralized finance (DeFi) platform LI.F.I protocol fell victim to an exploit resulting in the loss of over $8 million. According to Cyvers Alerts, suspicious transactions were detected within the LI.F.I cross-chain transaction aggregator, leading to the confirmation of a breach by LI.F.I on July 16. The team issued a statement urging users not
The US spot Bitcoin ETFs have been making headlines recently, with a daily net inflow of $301 million on July 15th. This marked the seventh consecutive day of positive inflows, setting a new record amidst a broader market recovery. It is worth noting that none of the ETFs recorded any outflows on that day. According
Blockchain-based game Axie Infinity has introduced a new feature called Avatar Mode with the release of its expansion Homeland. This feature allows players who own an Axie NFT to become the avatar that explores the map of Lunacia. Avatar Mode opens up a world of possibilities for exploration and social interaction, allowing players to traverse
The landscape of lobbying within the crypto industry has seen a significant surge in expenditures over the past seven years, as indicated by a recent study conducted by Social Capital Markets. The study demonstrates a massive 1,386% increase in lobbying spend by crypto companies, skyrocketing from $2.72 million in 2017 to an astonishing $40.42 million
Ethereum (ETH) has seen a surge in price in the last 24 hours following the announcement of the imminent launch of Spot Ethereum ETFs. This development has sparked optimism among investors regarding the future price trajectory of the second-largest cryptocurrency. The Spot Ethereum ETFs, set to launch by next week, are expected to bring a
The price of Bitcoin recently surged to over $65,000, marking a significant milestone. This increase came after a period of volatility in the cryptocurrency market, with Bitcoin recovering from previous losses and reaching around $58,000. However, this upward trend was disrupted by news related to Mt. Gox, causing the price of Bitcoin to drop by
Bitcoin has once again reclaimed the $63,000 level, bringing attention to the activation of a dormant address containing 1,000 BTC, worth approximately $60 million. This wallet had been inactive for over a decade, receiving the stash around 11 years and 9 months ago, back in September 2012 when it was valued at a mere $11,908.
The Scroll network, a ZK rollup Layer 2 network, has seen a remarkable 23% increase in the total value locked (TVL) over the past week. This surge has propelled the network’s TVL to an impressive $1.03 billion, making it the 8th Ethereum Layer 2 network to surpass the $1 billion milestone. Of this TVL, ETH
The partnership between Akedo Games and the TON ecosystem marks a significant shift in the world of blockchain gaming. Founder Blake’s sentiments about the strategic backing from TOP serving as validation for pioneering new gameplay in a decentralized gaming world set the stage for a revolution in the industry. The TON blockchain ecosystem provides developers
Ubisoft is making a bold move into the world of Web3 gaming with the launch of Champions Tactics. This new game combines strategic gameplay with blockchain technology, promising players a unique and innovative gaming experience. The game is set to launch on July 15, marking the beginning of a new era in gaming where NFTs