Canadian police praise Tether for 'swift' recovery of stolen funds
The stablecoin firm previously came under fire from Wyoming Senator Cynthia Lummis for allegedly facilitating illicit finance activities.
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Scary stats: $3B stolen in 2022 as of ‘Hacktober,’ doubling 2021
Blockchain security firm Peckshield shared the stats on Halloween night, but also added the month saw $100 million in crypto returned. 377 Total views 6 Total shares The month of October has broken all records for crypto exploits and the amount of digital loot pilfered — living up to its new moniker of "Hacktober" —…
MyAlgo users urged to withdraw as cause of $9.2M hack remains unknown
The Algorand wallet provider said it still hasn't determined the cause of the attack, urging users to withdraw funds from wallets created with a seed phrase. Own this piece of history Collect this article as an NFTA wallet provider for the Algorand (ALGO) network, MyAlgo, has warned its users to withdraw funds from any wallets…
Japan’s Retail Giant Rakuten Officially Launches Crypto Exchange
Japanese cryptocurrency exchange Rakuten Wallet has launched trading a year after acquiring Everybody’s Bitcoin.Three trading pairs go liveConfirmed in a press release on Aug. 19, Rakuten Wallet, which is a subsidiary of Japanese e-commerce giant Rakuten, said spot trading of three cryptocurrencies — Bitcoin (BTC), Ethereum (ETH) and Bitcoin Cash (BCH) — was now live. In…
Two DeFi projects with $1.2B in TLV have major governance issues
One project's founder controls 71% of its voting power. Curve Finance is currently the third largest DeFi protocol, with a total value locked, or TVL, of $1.1 billion. Recently the community realized that the project's founder, Michael Egorov, had leveraged over 71% of the voting power, ultimately leading to backlash from the community. Andre Cronje, the…
Zcash Reward-Distribution Vote Questioned as Only a Small Sample Took Part
At the end of January, a poll apparently confirmed community support for a new mining reward-distribution structure for the Zcash (ZEC) network, whereby more will flow into the developer fund. Still, the decision proved to be rather controversial.Electric Coin Company, the firm behind Zcash, announced in a Jan. 2 blog post that a community poll…
Biden’s reelection odds brush single digits on Polymarket
Former U.S. President Donald Trump is still in the lead at odds at 61%, while U.S. Vice President and Democrat Kamala Harris is second with 19% odds.
Japan PM reaffirms Web3 plans as Binance announces imminent launch
Fumio Kishida described Web3 as a "new form of capitalism" in a keynote address at WebX conference in Japan. 308 Total views 4 Total shares Japananese prime minister Fumio Kishida reaffirmed the country’s commitment to foster the Web3 industry, highlighting its potential to transform the internet and kindle social change. Kishida made the comments in a…
Berkshire Hathaway invests $500M in Brazilian digital bank
Though its billionaire owner has personally spoken out against digital assets many times, Berkshire Hathaway's investment may indicate the firm is more open to the idea. 3671 Total views 9 Total shares Brazilian digital bank Nubank has raised $500 million from Berkshire Hathaway, a multinational holding company run by billionaire Warren Buffett.In an announcement from…