On August 24, 25, and 29, the Discord channels of Polygon, Avalanche, Zksync, and Orderly Network were compromised. In each case, hackers used the channels to distribute harmful links, posing a significant risk to users. On Aug 29, Orderly Network’s official Discord channel was compromised. The protocol recently launched its
August 31, 2024 2 mins read
Shiba Inu (SHIB), saw a significant price surge of 10% on June 5, fueled by notable whale activity. Data revealed that a long-dormant Shiba Inu whale exchanged 1,000 Wrapped Ethereum (WETH) for 149.3M SHIB, valued at $3.476M. This whale had previously been inactive for 2.6 years, after selling 167B SHIB
August 31, 2024 2 mins read
Pavel Durov’s recent detention in France on charges of failing to regulate illicit material on the messaging platform Telegram has put it in the limelight. Additionally, people are taking notice of the company because of how heavily it is involved in the cryptocurrency market. The value of the company’s digital
August 31, 2024 1 min read
With a market valuation of $13.96 billion and more than 1.1 million daily active users (DAUs), Toncoin has lately achieved tremendous success inside the TON ecosystem. Toncoin (TON) has the largest market valuation in the TON ecosystem as of Aug. 26, according to statistics from IntoTheBlock (ITB). It reached the
August 30, 2024 1 min read
The cutting-edge, technologically advanced payments bank Banking Circle S.A. and Binance Pay, a leading cryptocurrency contactless payment technology, have reached an agreement enabling Banking Circle S.A. to handle EURI payments on the Binance Pay platform. Since, EURI is now integrated into Binance Pay, users may deal with this stablecoin with ease, increasing
August 30, 2024 1 min read
Economists in the United States are predicting a rather strong reading for personal consumption expenditures (PCE) price index, the favored inflation indicator of the Federal Reserve. This means the US FOMC will have to think about cutting interest rates in September. If the PCE price index number is greater, the
August 30, 2024 2 mins read
ParaFi Capital, a digital asset management firm based in New York, raised $120 million from investors, including Theta Capital Management and Accolade Partners. This fundraiser highlights the increasing growth and renewed optimism in the crypto investment sector. ParaFi Capital, founded in 2018 by Ben Forman, has been a significant player
August 29, 2024 2 mins read
Kaia, the new Layer-1 blockchain from Kakao and LINE, is officially launching its mainnet on August 29 at 10 p.m. Eastern Time. This launch combines the strengths of two Asian messenger platforms Kakao and LINE. Kakao’s messenger app is immensely popular in South Korea, with 96% of the population using
August 29, 2024 2 mins read
The U.S. Securities and Exchange Commission (SEC) has intensified its regulations in the cryptocurrency sector by issuing a Wells notice to OpenSea, a leading NFT marketplace. This indicates that the SEC is considering legal action against the platform, alleging that the NFTs traded on OpenSea might be under unregistered securities.
August 29, 2024 2 mins read
India is taking significant steps toward enhancing cross-border payment efficiency by proposing a plug-and-play system for Central Bank Digital Currencies (CBDCs). Shaktikanta Das, Reserve Bank of India (RBI) Governor, emphasized the importance of interoperability in cross-border payments. Recently, Das highlighted that interoperability should be a key design element to maximize
August 28, 2024 2 mins read