Thu, September 19

Banana Gun Users Wallet Hack Leads to $1.4M Worth ETH Theft

When news spread about the Banana Gun Hack and how user wallets were compromised, it sent shockwaves across the crypto world. A security compromise occurred at the Banana Gun trading bot on Telegram, leading to the loss of almost $1.4 million, or 563 ETH. Despite the scale of the hack,

1 hour ago 1 min read

Worldcoin Testing Facial Recognition for Enhanced Security in World App

Users of the World App will be the first to experience face recognition technology, according to Worldcoin. According to an announcement, the new function is a private 1:1 face comparison. That guarantees that the World App may only be accessed by the person who validated their World ID at an

2 hours ago 2 mins read

Commerzbank Rolls Out Bitcoin and Ethereum Trading Services in Germany

Commerzbank, Germany’s second-largest bank by branches, has partnered with Crypto Finance, a subsidiary of Germany’s largest stock exchange operator, to provide crypto trading services for its corporate clients.  According to the announcement, this move will initially focus on Bitcoin (BTC) and Ethereum (ETH), allowing businesses to easily and securely engage

7 hours ago 1 min read

Binance CEO Pledges to Secure Release of Tigran Gambaryan

Binance CEO, Richard Teng has said that the company is working so hard to bring Tigran Gambaryan back to his home. Binance’s head of financial crime compliance, Tigran Gambaryan, is currently imprisoned in Nigeria after being arrested on February 26, 2024. He faces serious charges of tax evasion and money

9 hours ago 2 mins read

Decentraland X Account Hacked in MANA Airdrop Phishing Scam

On September 19, PeckShield, a blockchain security firm, reported that the official Decentraland X account had been hacked. Attackers are now circulating a phishing link disguised as a MANA token airdrop. This deceptive link redirects users to a fraudulent website, where they are prompted to connect their wallets to claim

12 hours ago 1 min read

Louisiana Announces Accepting Crypto Payments for State Services

The crypto community worldwide has its eyes set on Singapore’s Token 2049, as enthusiasts gather to discuss blockchain, web3, and everything crypto. Meanwhile, presidential candidate Donald Trump garnered market attention by making his first crypto payment at a Bitcoin bar.  Amid such intriguing cryptocurrency advancements, the US state of Louisiana

13 hours ago 2 mins read

SEC Commissioner Calls for Reform of Form S-1 for Cryptocurrencies

In an era where cryptocurrencies and blockchain technology are reshaping the financial landscape. Calls for reforming regulatory frameworks are becoming increasingly urgent. Mark Uyeda, the SEC commissioner wants the Securities and Exchange Commission (SEC) to update Form S-1, the standard registration statement for public offerings. This is to better accommodate

15 hours ago 1 min read

Vitalik Reveals How Ethereum Achieved ‘Basically Zero’ Transaction Fees

At Token2049 in Singapore, Ethereum co-founder Vitalik Buterin emphasized Ethereum’s progress, notably highlighting reduced transaction fees and enhanced scalability through layer-2 (L2) networks. He celebrated the significant decrease in fees on L2s like Optimism and Arbitrum, which now stand at “basically zero,” a vital development for mainstream adoption. “From being

September 18, 2024 2 mins read

SkyBridge Capital Founder Advocates for Kamala Harris Crypto Approach

The US political landscape has been closely watched by the crypto community over the last few months. With the approaching elections and mounting tensions, cryptocurrency has become a vital part of the elections. Both the Democrats and Republicans have transitioned to a pro-crypto stance.  Recently, the founder and managing partner

September 18, 2024 2 mins read

Pudgy Penguins CEO Dismisses SEC Concerns Amid NFT Regulatory Scrutiny

Pudgy Penguins is a prominent Web3 brand featuring a collection of 8,888 non-fungible tokens (NFTs) launched on the Ethereum blockchain. The CEO of Pudgy Penguins recently described the SEC’s crackdown on NFTs as “nonsense,” asserting that he remains unworried by the regulatory actions taken by the U.S. Securities and Exchange

September 18, 2024 2 mins read