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Blockchain
Cryptocurrency Phishing Attacks Rise by 40% Year-on-Year in 2022
Cryptocurrency-related cyberattacks have seen bad actors shift their focus from traditional financial threats to phishing. Kaspersky has revealed a 40% year-on-year increase in cryptocurrency phishing attacks in 2022, with 5,040,520…
Celsius Network to File Disclosure Statement for Restructuring Plan
Bankrupt crypto lender Celsius Network has announced it will be moving forward on its Chapter 11 restructuring plan with a disclosure statement containing information for claim holders. The statement is set to be filed on April 12,…
Bittrex to Shut Down U.S. Platform
Cryptocurrency exchange Bittrex will close its U.S. platform on April 30, according to an announcement from the company on Friday. After nine years of operation, Bittrex co-founder and CEO Ritchie Lai stated that the current U.S.…
Animoca Brands refutes claims of scaling back metaverse fund target and plummeting valuation
Animoca Brands, a venture capital firm and Web3 game developer, has refuted recent claims that it has scaled back its metaverse fund target by $200 million, or 20%, amid volatility in the crypto market and instability in the banking…
DeFi Hacker Returns $5.4M to Euler Finance
On March 18, Euler Finance, a decentralized finance (DeFi) platform, received a surprising gift from the hacker who had drained $197 million from the platform just a few days earlier. The attacker returned 3,000 ETH ($5.4 million) to Euler…
Aave Freezes Stablecoin Trading Amid Price Volatility
Aave, a popular lending protocol in the decentralized finance (DeFi) space, has taken action to mitigate the impact of recent price volatility in the stablecoin market. On March 11, the price of USD Coin (USDC), a commonly used stablecoin,…
TBD’s Block Launches c= to Enhance Bitcoin Lightning Network
TBD, a subsidiary of Block, has announced the launch of c=, a new initiative that aims to improve the Bitcoin Lightning Network. c= is a new endeavor that aims to improve the Bitcoin Lightning Network. The Lightning Network is a layer 2…
Helium Network to Migrate to Solana Blockchain
In an effort to increase both its scalability and its dependability, the communications protocol Helium Network has set the date of March 27 as the target for its transfer to the Solana blockchain and the deployment of Oracles.
The current…
Binance Announces Upgrade to Proof-of-Reserves Verification
The cryptocurrency exchange Binance made an important announcement regarding an upgrade to its proof-of-reserves verification system on February 10. The company stated that it would now incorporate zk-SNARKs, a cutting-edge technology…
Committee Appointed to Represent Unsecured Creditors in Genesis Global bankruptcy
According to documents filed with the court on February 4, a committee consisting of seven members has been constituted to represent the interests of unsecured creditors in the bankruptcy case involving Genesis Global.
The committee will…