An attacker used a fraudulent contract to get access to thousands of votes and take complete control of the popular cryptocurrency mixer Tornado Cash. Paradigm’s web3 research analyst @samczsun was the first to notice the problem over the weekend. According to a tweet by user samczsun, the attacker claimed to
May 22, 2023 1 min read
U.S. prosecutors have filed charges against a Russian national who they say was involved in several ransomware scams. That together brought in about $200 million, most of it in cryptocurrency. Hospitals, schools, and even police stations were hit by ransomware attacks. Mikhail Pavlovich Matveev was a member of the Lockbit,
May 22, 2023 1 min read
The most notorious privacy-focused blockchain now supports non-fungible tokens (NFTs), although this has not been welcomed by everybody. As with Bitcoin Ordinals, anybody may use Mordinals (or Monero Ordinals) to inscribe data alongside transactions on the Monero blockchain. The Monero community has raised a number of concerns. Including a loss
May 21, 2023 2 mins read
The decentralized cryptocurrency blender Tornado Cash already had difficulties before an attacker took complete control of the governance by submitting a fraudulent proposal. An attacker gained 1.2 million votes for a fraudulent proposal at 3:25 PM ET on May 20. Because the proposition obtained over 700,000 valid votes, the attacker
May 21, 2023 2 mins read
LedgerX, one of the FTX assets that were court-approved for sale in January, has been acquired by the Miami International Securities Exchange (MIAX), operated by Miami International Holdings (MIH). U.S. government agencies oversee LedgerX since it is an exchange and clearinghouse. In a statement, MIH CEO Thomas Gallagher said that
May 20, 2023 1 min read
Governor Ridwan Kamil of the Indonesian province of West Java spoke about his support for Bitcoin in a recent fireside chat dubbed “The Indonesia Bitcoin Mining Campaign.” While stressing Indonesia’s attempts to adopt this digital asset, Governor Kamil gave a favorable assessment of the flagship cryptocurrency. Specifically, plans are in
May 20, 2023 1 min read
The bail clearance of prominent crypto entrepreneur Do Kwon and his colleague Han Chang-Joon has reportedly been challenged. This has been done at the basic court of Montenegro by the local prosecution team. Kwon’s legal team successfully petitioned the court for bail in the amount of almost 400k Euros (437k
May 19, 2023 1 min read
Coinbase, a leading cryptocurrency exchange located in the United States, has launched a zero trading fee program, among other measures, only hours after Binance revived its zero charge trading program for Auto Invest customers. The cryptocurrency exchange Coinbase has been teasing a significant surprise for this Friday with countdown postings.
May 19, 2023 1 min read
There has been a long-standing demand for change in the real estate transaction industry. Buying and selling real estate the old-fashioned way may be a time-consuming and costly ordeal. Now there’s a decentralized marketplace for buying and selling real estate on the Bitgert chain called Bitgert Geo Web3 Real Estate
May 18, 2023 2 mins read
The open-source Hedera proof-of-stake public network’s governing council today announced the addition of COFRA as a new member. Thus bringing the total number of councils to 30 members. COFRA is a family firm that has been around for 182 years. And now employs more than 60,000 people all across the
May 18, 2023 1 min read