In a recent announcement, Stars Arena, Friend Tech’s Avalanche-based competitor, revealed a protocol attack that led to the loss of 266,103 AVAX tokens, or almost $2.88 million. Concerns regarding the security of smart contracts and the larger blockchain ecosystem have been raised. As a result of this shocking disclosure. Stars
October 7, 2023 1 min read
Lookonchain, a provider of blockchain analytics and insights, claims that the hacker who broke into HTX Global (previously Huobi) has restored all of the stolen funds. HTX Global received a total of 4,999 Ether (ETH) worth $8.2 million in refunds. Last week, an unknown hacker breached the crypto exchange’s security,
October 7, 2023 1 min read
On the 6th of October, the Galxe website, a Web3 community platform, was down for around an hour. At 14:44 UTC, Galxe posted on Twitter that their website was offline. Forty minutes later, the company confirmed that an attack had compromised its DNS record. The website was blocked until the
October 6, 2023 1 min read
British regulators have given their stamp of approval to Komainu, a cryptocurrency custody service founded by crypto investment firm CoinShares, hardware wallet manufacturer Ledger, and Japanese investment bank Nomura. On October 6th, the firm stated that it has been granted registration as a custodial wallet provider by the U.K. Financial
October 6, 2023 1 min read
Pascal Gauthier, CEO of Ledger, a producer of hardware crypto wallets, has announced a 12% reduction in employees. In a blog post published on October 5th, Gauthier said that layoffs had been made “for the longevity of the business” by noting the 2022 bear market and the failure of companies
October 6, 2023 1 min read
On October 3rd, Wirex, a provider of cryptocurrency payment services, announced the release of a non-custodial cryptocurrency debit card service called W-Pay that is based on zero-knowledge proof (ZK-proof). Wirex is an integral part of both Visa and Mastercard, and it boasts a client base of over six million. Built
October 5, 2023 1 min read
With the approval of a framework for licensing crypto mining activities by the country’s crypto market regulator, crypto mining in Uzbekistan is about to undergo significant change. The National Agency for Perspective Projects (NAPP) in Uzbekistan has issued a rule requiring licensing for crypto mining operations. Thus restricting crypto mining
October 4, 2023 1 min read
The Volcano Energy initiative in El Salvador, in conjunction with Lava Pool and Luxor Technology, has built the country’s first local Bitcoin mining pool. Bitcoin-friendly El Salvador is planning to produce electricity from renewable sources to support future Bitcoin mining operations, and the country’s $1 billion renewable energy initiative grabbed
October 4, 2023 1 min read
Exchange-traded fund (ETF) provider Volatility Shares postponed the debut of their Ether futures ETF on October 2 due to market conditions. After being questioned whether there were still intentions to introduce an ETH futures ETF, company’s co-founder and president, Justin Young said, “Of course,” adding, “plans are TBD.” Futures contracts
October 3, 2023 1 min read
With the recent green light given to the first Ether futures ETF, Grayscale Investments is trying to transform its Grayscale Ethereum Trust into a spot Ether ETF. On October 2, the New York Stock Exchange Arca submitted a conversion application to the U.S. SEC. Previously, Grayscale’s trust had invested in
October 2, 2023 1 min read