For its zero-knowledge Ethereum Virtual Machine (zkEVM), Web3 gaming company Immutable is integrating Transak as its only payment service provider. Gaming ecosystems will soon be able to accept fiat and Web3-based payments directly via the service. Both the Immutable Checkout and the Immutable Passport will include Transak’s services. The former
December 11, 2023 1 min read
An arbitrage bot depleted the LFNTY-USDC pool on December 8 from the decentralized exchange (DEX) Lifinity. The $699,090 loss was triggered by an unanticipated reaction to a botched deal, according to Lifinity’s Discord channel. Durden, a key member of Lifinity, revealed that a bot tried to benefit from price disparities
December 9, 2023 1 min read
Cryptocurrencies valued at $23.59 million were transferred to leading crypto exchanges from wallets associated with the now-defunct FTX and Alameda Research over the course of four days. According to blockchain analytics company Spot On Chain, the insolvent organizations have moved $591 million in 59 different tokens since October 24. Nearly
December 9, 2023 1 min read
The co-founder of Terraform Labs, Do Kwon, is allegedly set to be deported to the US instead of South Korea in order to face criminal accusations. A report from the WSJ citing sources close to the situation states that Justice Minister Andrej Milović of Montenegro intends to approve the request
December 8, 2023 2 mins read
Block led by Jack Dorsey has released a self-custody Bitcoin wallet. The makers of the wallet, which goes by the name ‘Bitkey’, said on December 7 that it would be accessible in more than 95 countries via a smartphone app or hardware storage. A secure hardware device and recovery tools
December 7, 2023 1 min read
In order to serve as validators and data providers for the network’s native oracles, Flare revealed the onboarding of expert infrastructure providers such as Ankr, Figment, Restake, and NorthStake. These institutional validators additionally provide decentralized data feeds for network builders to use on Flare, which makes it the first smart
December 7, 2023 1 min read
The chief executive officer of JPMorgan Chase, Jamie Dimon, took aim at cryptocurrency—specifically Bitcoin (BTC)—during his appearance at a Senate Banking, Housing, and Urban Affairs committee oversight hearing in Washington, DC, today. Senator Elizabeth Warren probed the head of JPMorgan for his thoughts on anti-money laundering throughout the session. When
December 7, 2023 1 min read
The founder of Terraform Labs, Do Kwon, has recently appealed the extradition order made by the High Court of Podgorica in Montenegro. On December 6, Do Kwon’s contestation of the verdict was affirmed by the Montenegrin Court of Appeal. Kwon stated: “I do not accept the court’s decision to extradite
December 7, 2023 1 min read
As the price of Coinbase (COIN) shares kept climbing amid a phenomenal rebound in the crypto market, Ark Invest, led by Cathie Wood, sold further shares. On the other hand, at the same time, Robinhood (HOOD) shares are still being purchased by Ark Invest’s several funds in anticipation of massive
December 5, 2023 1 min read
The leading self-custody Ethereum wallet Earth Wallet and Bitcoin wallet Taproot have announced that an independent security audit has been successfully completed. The audit, carried out by well-known blockchain security company Halborn Security, which is popular for its extensive full-stack solutions, will contribute to making sure that security comes first in
December 5, 2023 2 mins read
