In a lawsuit filed on March 20th, Gala Games, developer of the GameFi project, said it had recently sued pNetwork, the cross-chain interoperability bridge it had been using on the BNB Smart Chain. When an illegitimate wallet address mined over $2 billion in GALA and dumped it on PancakeSwap in
March 21, 2023 1 min read
According to Bloomberg, Amazon has joined the recent wave of layoffs in the IT sector by letting go of another 9,000 workers today. Meta, Facebook’s parent company, has announced the layoff of an additional 10,000 workers, after the earlier dismissal of 11,000 staff. Amazon is just the latest IT company
March 21, 2023 1 min read
One of the largest self-custodial and multi-chain mobile wallets, Trust Wallet, has announced today that it has integrated with Coinpanda, Koinly, and CoinTracker to offer its users free insights reports to gain a deeper understanding of their cryptocurrency holdings as well as a quick, easy, and reasonably priced way to
March 20, 2023 2 mins read
Due to insufficient investor interest, 21Shares, a crypto ETP issuer located in Switzerland, would allegedly shut down five of its funds and delist another. According to Arielle Pennington, the company’s head of global communications, the company will keep offering its other products, which are in high demand. Bloomberg reports that
March 20, 2023 2 mins read
The DAI stablecoin’s issuing body, MakerDAO, has voted in favor of increasing its allocation to existing US Treasury holdings. DAI’s stablecoin liquid backing is being diversified by exposure to real-world assets (RWAs). Such as an increase in investments in government treasury bonds. Last year, MakerDAO’s RWA strategy kicked off with
March 19, 2023 1 min read
Binance introduced the “Secure Asset Fund for Users” (SAFU) on January 29, 2022; the SAFU is a $1 billion emergency insurance fund designed to protect Binance users in the case of a disaster. The SAFU fund’s initial holdings included BNB, BUSD, and BTC. Binance has replaced BUSD in the fund
March 18, 2023 1 min read
BitGo, a popular cryptocurrency wallet, has fixed a serious flaw that could have exposed the private keys of its retail and institutional users. In December 2022, the Fireblocks cryptography research team discovered the vulnerability and informed BitGo of it. BitGo Threshold Signature Scheme (TSS) wallets were susceptible to the flaw,
March 18, 2023 1 min read
Regarding the exchange’s incident, a new class action lawsuit has been filed against YouTubers who promoted FTX. In addition, the lawsuit seeks $1 billion in damages related to the Youtubers’ association with the defunct FTX cryptocurrency trading platform. Several people have filed lawsuits because of the FTX debacle. This lawsuit
March 17, 2023 2 mins read
With the opening of the ftNFT store in the Dubai Mall, the biggest shopping mall in the world, the future of non-fungible tokens (NFTs) has just been more exciting. The opening of the first successful ftNFT store in the Dubai Mall promises to be another thrilling experience for NFT aficionados as
March 17, 2023 2 mins read
The biggest U.S.-based digital asset trading platform, Coinbase, recently stated that it will be stopping trading in six cryptocurrencies. According to the results of the March internal review conducted by the exchange, this is the case. For the record, Coinbase has recently tweeted that it conducts frequent reviews of the
March 16, 2023 1 min read
