Prime Minister Lee Hsien Loong of Singapore has issued a public warning against a new kind of cyber fraud that employs deepfake technology. Recent Facebook posts of his have drawn attention to the proliferation of videos purporting to show him encouraging crypto frauds, which he claims are the product of
December 29, 2023 2 mins read
Over the last 30 days, zkSync—Ethereum’s Layer 2 scalability solution—processed 34.7 million transactions, surpassing the Ethereum mainnet in terms of volume. L2Beat statistics shows that over the same time period, 34.2 million transactions were registered on Ethereum’s mainnet. Arbitrum followed with 31.4 million transactions in the last 30 days. On
December 28, 2023 1 min read
An attack was found in the Levana perpetual swap protocol on the Osmosis blockchain. Someone without authorization took over $1.1 million from Levana’s liquidity pools over the course of 13 days. The protocol lost 10% of its liquidity due to this occurrence, which was a major loss. Many factors contributed
December 28, 2023 1 min read
A significant platform vulnerability was discovered at Telcoin, a developer of mobile-focused financial applications. Peckshield, a blockchain security business, and the Telcoin Discord community forum both acknowledged that the attack caused users to have over $1.2 million stolen from their accounts. As a result of a glitch with the company’s
December 27, 2023 1 min read
Another 1 billion USDT has been “authorized but not issued,” as stated by CEO Paolo Ardoino of Tether, the firm behind the stablecoin. Whale Alert, informed on December 25 via twitter that Tether Treasury has minted one billion USDT ($1 billion). The CEO of Tether, Ardoino, then issued a public
December 26, 2023 2 mins read
According to OKX CEO Jay Hao, several people have been asking him to list new BRC-20 tokens. As a result, he has brought attention to certain requirements that must be satisfied prior to the listing being made. The CEO of OKX has said that he is grateful to his friends
December 25, 2023 2 mins read
Investors and the Nigerian economy stand to benefit from the new stablecoin, the cNGN, which is being developed and managed by a consortium of Nigerian institutions. Anonymous insiders within the project have confirmed that the cNGN token is linked to and supported by the Nigerian naira, the official currency of
December 23, 2023 2 mins read
A draft describing substantial changes to the regulation of in-game tokens within the online gaming sector was recently issued by the General Administration of Press and Publication of China (GAPP). The country’s attitude to digital currency in gaming has undergone a strategic shift with this decision. Game tokens cannot be
December 23, 2023 2 mins read
The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA), two of Hong Kong’s financial regulatory agencies, have made headlines in the cryptocurrency spot ETF market with their announcement. The SFC and the other relevant authorities have announced their intention to begin accepting applications to authorize VA
December 22, 2023 2 mins read
Worldcoin has reportedly disabled its offline orb verification feature for customers in France, India, and Brazil. The Orb, a silver sphere weighing five pounds that can scan an individual’s eyes to confirm their identity, was designed by Worldcoin to help with onboarding in areas where conventional forms of identification are
December 21, 2023 2 mins read