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In the rapidly evolving digital landscape, the fusion of Web2 and Web3 technologies is not just a futuristic idea; it’s a reality being pioneered by trailblazers like MUA DAO. This innovative organization is at the forefront of integrating the robust, decentralized capabilities of the Web3 Metaverse with the established, user-rich
CertiK, a firm that audits blockchain security, had a major breach on January 5, 2024. The hacking of the business’s social media account happened in the wee hours of Friday. The hacker used this vulnerability to start a phishing campaign, sending fake messages to CertiK’s followers. A phishing link was
A 7.5-magnitude earthquake struck Japan’s western coast on January 1, 2024, causing destruction across Ishikawa and surrounding prefectures. In the aftermath, prominent Web3 companies based in Japan have taken action to gather cryptocurrency donations to aid relief efforts. Oasys Japan, a major player in the Web3 industry, began accepting donations
In an effort to democratize the process of investing in cryptocurrency projects, Crypto Launchpad & Accelerator Raiser has announced the launch of a new fundraising model known as a Fair Community Offering (FCO). By meritocratically rewarding committed, involved community members and early supporters during a project’s pre-exchange listing stage, the novel
The Web3 security space saw a dramatic shift in 2023, exhibiting both advances in resilience and enduring difficulties. Cyberattacks against the Web3 sector resulted in over $1.7 billion in damages in 2023; 453 incidents were documented. The variety of dangers shown by these assaults highlights the critical necessity for the
Over the last 30 days, zkSync—Ethereum’s Layer 2 scalability solution—processed 34.7 million transactions, surpassing the Ethereum mainnet in terms of volume. L2Beat statistics shows that over the same time period, 34.2 million transactions were registered on Ethereum’s mainnet. Arbitrum followed with 31.4 million transactions in the last 30 days. On
A significant platform vulnerability was discovered at Telcoin, a developer of mobile-focused financial applications. Peckshield, a blockchain security business, and the Telcoin Discord community forum both acknowledged that the attack caused users to have over $1.2 million stolen from their accounts. As a result of a glitch with the company’s
Although the rate of growth has slowed after the initial launch rush, Coinbase’s incubated initiative Base Network is still showing consistent progress. At the time of publishing, L2Beat statistics showed that Base’s Total Value Locked (TVL) was close to $734 million, up 4.63% from the previous week. From $592 million
Justin Sun, founder of Tron, provided an update that might increase liquidity on the Solana blockchain, which could be relevant given the 61% price surge in Solana (SOL) since December 1, 2023. Because of the recent spike in SOL Price, Solana’s market value briefly surpassed Binance Coin’s (BNB). Sun revealed
Worldcoin has reportedly disabled its offline orb verification feature for customers in France, India, and Brazil. The Orb, a silver sphere weighing five pounds that can scan an individual’s eyes to confirm their identity, was designed by Worldcoin to help with onboarding in areas where conventional forms of identification are
