To the tune of $3.6 million in cryptocurrency, an assault on the reentrancy vulnerability of the decentralized finance (DeFi) protocol dForce has resulted in the theft of funds. Curve Finance is an automated market maker (AMM) platform. That uses the Arbitrum and Optimism blockchains, and its vault was the target
February 11, 2023 2 mins read
In recent months, Reddit’s Collectible Avatars initiative has provided millions of users with free NFTs, making it a model of efficiency as a Web3 on-ramp. Reddit is ready to achieve yet another landmark owing to a new partnership with the NFL on free Super Bowl NFTs. Since its release on
February 11, 2023 1 min read
According to a statement released on February 7th, Bitfufu, one of Bitmain’s cryptocurrency enterprises, has delayed its ambitions to go public through a special-purpose acquisition company (SPAC) for a second time. With a pro forma enterprise value of almost $1.5 billion, the company was expected to go public in the
February 9, 2023 1 min read
Coin Cloud digital money ATMs in the US and Brazil, has filed for Chapter 11 bankruptcy in the US Bankruptcy Court in the District of Nevada. On its website, Coin Cloud boasts of having more than 5,000 ATMs that support more than 40 different cryptocurrencies. When Coin Cloud had 4,826
February 9, 2023 1 min read
On Tuesday, leading blockchain firm ConsenSys made public its intention to contribute to a case that challenges the Internal Revenue Service’s (IRS) authority to tax staking rewards. The Jarretts, a Tennessee couple, filed a claim against the IRS in 2021 to recoup the federal income taxes that had been withheld
February 8, 2023 1 min read
A vulnerability in the smart contracts underlying the decentralized finance (DeFi) protocol CoW Swap has resulted in the theft of around 551 BNB worth around $181,600. The attacker reportedly added a wallet address as a “solver” of CoW Swap. And then used a transaction to authorize DAI transfers to SwapGuard
February 8, 2023 1 min read
Coinbase has made a public statement that they would include a new coin in their listing roadmap. The listing date has not been announced officially, but it is expected to occur within the next several weeks. When a cryptocurrency exchange such as Coinbase adds a token to its “roadmap.” It
February 7, 2023 2 mins read
It’s challenging for police departments to implement specific procedures in order to effectively execute the law in the metaverse. Interpol Secretary General Jurgen Stock, however, thinks that the organization has to be ready to respond to crimes that occur in the digital realm. Some criminal gangs are already making use
February 6, 2023 1 min read
According to the Uniswap DAO forum, Andreessen Horowitz (a16z), a venture capital company, voted against the final proposal to deploy Uniswap v3 on the BNB Chain through the Wormhole Bridge. 0xPlasma Labs, speaking for the Uniswap Community, presented a governance request on February 2. To deploy the current version of
February 6, 2023 2 mins read
Overstock has a significant stake in the tZERO Crypto exchange, which will close on March 6 according to a tweet from the exchange on February 3. While the United States Securities and Exchange Commission (SEC) and other authorities determine the legal status of crypto assets. The business said it will
February 4, 2023 1 min read
