Blockchain developer warns of centralization risks as crypto AI race intensifies

BlueBenx’s lawyer, Assuramaya Kuthumi, revealed that the attack resulted in the loss of $32 million, which many investors found hard to believe. 121 Total views 2 Total shares BlueBenx, a Brazilian crypto lending platform, reportedly blocked all of its 22,000 users from withdrawing their funds following an alleged hack that drained $32 million (or 160…

The primary financial regulator of the United Kingdom, the Financial Conduct Authority (FCA), warned that ICAP Crypto is a clone firm in a public announcement on May 24.According to the report, ICAP Crypto is a clone firm of ICAP Europe Limited. Clone firms are a type of scam in which the scammers use information from…

Ethereum co-founder Vitalik Buterin has proposed to use the Bitcoin Cash blockchain as a temporary scalability solution for the Ethereum network. The programmer introduced a summary of the idea in a July 13 post on the Ethereum Research.As previously reported, the Ethereum network has experienced some scalability issues, with its native blockchain capable of processing…

The Ethereum network is  losing ground as developers switch to other projects, various experts told Bloomberg on March 28.Ethereum, which debuted in 2015, initially provided a platform on which developers could build decentralized apps (DApps), conduct initial coin offerings (ICOs) and write smart contracts. Many saw it as being the successor to Bitcoin (BTC).According to…

The founder of decentralized finance (DeFi) protocol Synthetix, Kain Warwick, has submitted a proposal that would turn off very high yield returns for SNX stakers and cap the total SNX token supply at 300 million. The Synthetix protocol allows traders to issue synthetic versions of crypto native assets, traditional financial assets, and commodities on the Ethereum…

Hong Kong’s SFC finds deficiencies in some “deemed-to-be-licensed” crypto exchanges, risking their licensing status amid tightened regulations.

In the last 24 hours, Bitcoin's percentage of the crypto market cap retreated by nearly 1% while Ether gained just over 1.1%. 1442 Total views 16 Total shares Own this piece of history Collect this article as an NFTEther (ETH) prices have topped the psychological $2,000 level following the Shapella upgrade this week and the…

The company claims to have seen a boost in liquidity in recent months and is expected to exit bankruptcy proceedings by September. 78 Total views 1 Total shares Publicly traded Bitcoin (BTC) miner Core Scientific has appointed Adam Sullivan its CEO. Sullivan, who previously served as the company’s president, took the role on Aug. 4,…

At a time when USDT is touching new market cap highs, the other stablecoins are struggling to keep their market dominance. 166 Total views 1 Total shares Tether-issued USDT (USDT) stablecoin broke past a new all-time-high market cap of over $83 billion as it continues its stablecoin market dominance. The new ATH market cap for…