North Korea used Tornado Cash to siphon HTX’s $147.5M loot: UN
A UN report reveals North Korean hackers laundered $150 million in stolen crypto assets through Tornado Cash in March 2024.
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Ethereum turns deflationary for the first time since the Merge — ETH price still risks 50% drop
The annual supply rate of Ether (ETH) slipped below zero for the first time since Ethereum’s transition to proof-of-stake via the Merge in September. The reason? A spike in on-chain activity amid a massive cryptocurrency market crash. Ether turns deflationary for realAs of Nov. 9, more Ether tokens are being burned than created as a part of…
GameFi News: Tilting Point partners with Polygon Studios, and LootRush raises $12M
SpongeBob and Warhammer mobile game scores Polygon partnershipFree-to-play mobile games publisher Tilting Point has entered a multiyear partnership with Polygon Studios to launch 10 Web3 games over the next two years. Polygon Studios and Tilting Point plan to help both native Web3 game developers scale their games alongside free-to-play developer partners, and studios who want to…
Blockchain Use Gains Momentum in Oil Industry for Being Safer, Cheaper and Cleaner
Oil is central to the growth of the global economy and maintenance of political stability. But for an industry that plays such an important role in both shaping and maintaining the world around us, its business model is quickly becoming outdated. As the industry struggles to adapt to the demands of a rapidly changing and…
Chainlink (LINK) looks for momentum while pro traders target $40
Chainlink (LINK) is the leading oracle provider, and the project has onboarded over 281 crypto projects in 2021. Some of these include heavyweights like Huobi's ECO Chain, the Hedera Governing Council, and Alchemix. Launched in Oct. 2020, Chainlink's verifiable randomness function, or VRF, has also gained notoriety among decentralized applications (dApps). VRF provides an automated source…
Network Effect at Risk? Why 50% of DAI Locked in Compound Is a Concern
Data from blockchain intelligence firm Flipside Crypto show that 50% of DAI, Maker’s decentralized stablecoin, is now on Compound (COMP). While the figure seems a positive factor for COMP’s growth, it shows a concerning trend for DAI.Since June, the amount of DAI on the Compound Decentralized Finance (DeFi) protocol rapidly surged. As of August, nearly…
Why Chinese Miners Won’t Stage a 51% Attack on Bitcoin
Jameson Lopp explains why attacks on Bitcoin won’t work and that he expects China’s mining dominance won’t last. China accounts for more than half of the world’s Bitcoin mining capacity but Jameson Lopp, the co-founder and CTO of Casa, has hosed down fears that Chinese miners are a threat to Bitcoin in a blog post…
Deutsche Telekom invests in mobile DeFi platform Celo
Deutsche Telekom has become the first telecom firm to join the Celo Alliance for Prosperity. 3209 Total views 18 Total shares Deutsche Telekom, one of the largest telecom providers in Europe, has invested in blockchain payments platform Celo to support the development of decentralized finance.The telecom giant has made a “significant purchase” of Celo’s native…
Bybit introduces Indian digital rupee CBDC payment option
The use of the CBDC on the cryptocurrency exchange will enhance security and, it hopes, attract merchants.