Delta Prime attacker stole $6M by minting massive number of tokens
The exploiter minted over 115 duovigintillion USDC deposit receipts but then redeemed only $2.4 million worth.
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Coinbase shares up 50% since the SEC sued the exchange
Senior Coinbase executives, including CEO Brian Armstrong, have been selling their COIN shares amid the stock’s growth over the past month. Despite the Coinbase cryptocurrency exchange facing a securities violation lawsuit in the United States, the company’s stock has been on the rise recently.Coinbase (COIN) stock has added more than 50% to its value since…

$794K SIM swap hacker PlugwalkJoe sentenced to five years in prison
British Hacker Joseph O’Connor, also known online as PlugwalkJoe, has been sentenced to five years in U.S. prison for his role in stealing $794,000 worth of cryptocurrency via a SIM swap attack on a crypto exchange executive back in April 2019. O’Connor was initially arrested in Spain in July 2021 and was extradited to the…

Bitcoin is a better platform for Web3, says Lightning Competition organizer
Bear markets are for building Bitcoin (BTC) companies. At least, that’s what the Legends of Lightning, a nine-week contest for competing Bitcoin businesses, would indicate. The tournament-come-hackathon ran more than 65 events worldwide as 73 projects battled it out to win 3 BTC ($50,000). The competition crowned Bitcoin startups Lightsats and AgriMint as winners of two…

Xbox head Phil Spencer is skeptical about NFTs in video games
The worlds of gaming and NFTs continue to blend, but Microsoft's gaming head is weary that NFTs are “more exploitative than about entertainment." 119 Total views 23 Total shares Phil Spencer, Microsoft’s head of gaming, commented on his skepticism towards nonfungible tokens, or NFTs, in an interview with Axios:“What I'd say today on NFT, all…

Opportunistic trader front-runs HydraDX’s Balancer LBP contract for $50,000
A cunning trader exploited Balancer’s LBP contracts to front-run HydraDX’s token offering for $50,000 before it officially launched. 2395 Total views 11 Total shares Polkadot-powered decentralized exchange HydraDX has raised roughly $22.86 million in just the second public token sale offered using Balancer’s Liquidity Bootstrapping Pool, or LBP.However, one opportunistic trader was able to front-run…

Seoul to Implement Blockchain in Citizen Cards, the Mayor Reveals
The South Korean city of Seoul will implement blockchain technology in its citizen cards, Korean publication Queen.co.kr reports on May 20.Park Won-soon, the mayor of Seoul, has participated in the ongoing event “Korea Future Forum (KFF) 2019 & Blockchain Tech Show,” reporting on the city’s achievements in embracing major technologies including blockchain and artificial intelligence.The…

US credit crunch means it’s time to buy gold and Bitcoin: Novogratz
The Galaxy Digital CEO predicts tough times ahead for the U.S. economy, but continues to be bullish on crypto. 286 Total views 3 Total shares Own this piece of history Collect this article as an NFTThe United States is headed for a credit crunch and now is the right time to buy gold, silver and…

Bitcoin Volatility Hits Record Low, Calm Before a Major Short-Term Rally? Experts Weigh In
Disclaimer: This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision.In the beginning of October, Bitcoin achieved a 17-month low volatility rate, recording its highest level of stability since mid-2017.Bitcoin has started to experience a noticeable decline in its…