EigenLayer TVL hits $12.9B, climbs 11% in one week: ITB
EigenLayer leads the restaking sector with a $12.9B TVL, driven by AVS rewards and growing interest in Ethereum-based restaking.
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US Attorney’s Office Indicts Two Suspects in EtherDelta Hack
The United States attorney's office for the Northern District of California has indicted two suspects — Elliot Gunton and Anthony Tyler Nashatka — for hacking EtherDelta, a non-custodial marketplace for trading Ethereum (ETH) ERC-20 tokens, in December 2017.According to the documents originally filed on Aug. 13, Ganton and Nashatka changed the settings of EtherDelta’s domain…
Comedian Stephen Colbert spoofs ‘Colbert Coin’ in response to rise in crypto scams
“We’re busy turning your cash into future money — to the moon, apes!" said the Late Show host. 754 Total views 34 Total shares Stephen Colbert, the charismatic host of CBS’ The Late Show, is once again associating many cryptocurrencies with scams — but doing so by parodying the vernacular of a seasoned HODLer.In a…
Bitcoin outflows from centralized exchanges surge to 100K BTC monthly
Centralized exchanges have experienced their heaviest week of Bitcoin withdrawals since November 2020. 120 Total views 322 Total shares Bitcoin outflows from centralized exchanges have surged to their highest level year-to-date, with roughly 40,000 BTC being withdrawn over the past seven days.According to the Glassnode’s August 2 The Week On-Chain report, Bitcoin outflows have accelerated…
T-Mobile sued by victim who lost $450K in Bitcoin in SIM swap attack
The wireless carrier is accused of failing to protect its customers from SIM swappers' lucrative heists. 384 Total views 1 Total shares Telecoms provider T-Mobile has become the latest corporate name to come under fire for its alleged negligence and failure to protect customer information, which indirectly enabled a "SIM swap attack" that led to…
Iron Finance bank run stings investors — A lesson for all stablecoins?
The cryptoverse has been overrun with negative events lately. One of the most recent ones was the Iron Finance bank run that occurred on June 16. Iron Finance is a multi-chain, partially collateralized stablecoin protocol with the main goal of providing a dollar-pegged stablecoin to be used for DeFi applications. It was the first large-scale…
EOS Creator Block.One to Vote for Block Producers With 9.5% of Coins
Block.One, the firm that developed the EOSIO software, announced on Nov. 13 that it will begin participating in the election procedures for block producers (BPs) on the EOS blockchain.“Small, but significant EOS token holder”In its announcement, Block.One claims that it is a “small, but significant EOS token holder” since it holds less than 9.5% of…
Stablecoin insurance firm Bridge Mutual to protect against possible Tether depegging
Years of regulatory uncertainty around Tether could be offset by newfound investor confidence if an emerging insurance protocol for USDT gains traction. While the value of stablecoins like Tether (USDT) and USD Coin (USDC) is designed to be pegged to another asset, such as the U.S. dollar, the crypto industry has fretted for years about…
Crypto usage in Turkey jumped by elevenfold in a year, new survey shows
A new survey conducted in Turkey reveals how the perception of cryptocurrencies evolved over the last year. 264 Total views 7 Total shares Turkey’s crypto userbase grew more than 11 times over the last year, a new survey from Turkish crypto exchange Paribu shows. The “Cryptocurrency Awareness and Perception Survey 2021” was conducted by Akademetre Research,…