Memecoin trader loses over $1M following Normie exploit

The president of Germany’s central bank, the Deutsche Bundesbank (BBk), has warned central banks about the potential risks of introducing digital currencies, Reuters reports on May 29.Jens Weidmann, BBk president and chairman of the board of the Bank for International Settlements (BIS), reportedly claimed that the adoption of digital money could potentially destabilize the financial…

Last year, when Bitwise Asset Management sent in its analysis report to the United States Securities and Exchange Commission, it stated that 95% of volume on unregulated exchanges appeared to be fake. This sent shock waves through the cryptocurrency industry. Although, within more professional circles, it was not entirely a surprise.For a long time, exchanges…

Europe remains fertile ground for the cryptocurrency ecosystem to flourish in comparison to harsher regulatory environments, according to prominent speakers at this year’s Blockchain Expo in Amsterdam.Cointelegraph attended the convention held at the RAI conference center for the second year running, with the Blockchain Expo forming part of the larger Tech Expo event being hosted

More than 7,000 cases of suspected money laundering tied to crypto were reported to Japanese police in 2018, a more than tenfold increase from the 669 cases over a nine month period during the previous year. The news was reported on Feb. 28 by local English-language daily The Japan Times.In 2017, just 669 cases were…

The innovative cryptocurrency futures exchange FTX has launched fractionalized trading in stock derivatives. 579 Total views 10 Total shares Major cryptocurrency derivatives exchange FTX has launched trading in “fractional stocks offerings” — tokenized products representing the shares of global firms.The products were launched on Oct. 29 in partnership with German-licensed investment Firm CM-Equity and tokenization…

With great power — and decentralization — comes great responsibility. Creators of a blockchain project have many decisions to make, among them which consensus mechanism to employ. As with so much in crypto, there’s no singular “industrywide” solution or preference, and there are multiple details to review when making the choice. While security and reliability

On June 8, HyperPlay — a Web3-native game launcher — said it closed its Series A funding round after raising $12 million from investors, including co-leaders Griffin Gaming Partners and Bitkraft Ventures. Other investors include MetaMask’s parent company ConsenSys, Ethereal Ventures, Delphi, Game7, Mirana Ventures and Monoceros Ventures.HyperPlay, which was established in November 2022 by MetaMask…

New “embedded” functionality aims to improve fan engagement for musicians through NFT adoption and Web 3.0 integrations. 618 Total views 22 Total shares California-based music streaming platform Audius released a new function that allows artists and fans to embed nonfungible tokens (NFT) on various blogs and social media platforms such as Twitter and Discord.The “embedded”…

The experience is designed for everyone but Puma Pass holders gain access to exclusive perks. 53 Total views 1 Total shares On June 13, German footwear conglomerate Puma launched its 3D metaverse experience Black Station. As told by developers, Black Station is an "experiential home" for product drops built to provide "unbridled access" for Puma…