zkSync-Based DEX Merlin Drained of $1M During Public Token Sale Despite ‘Audit’

news Facebook’s hiring spree for its upcoming cryptocurrency, reportedly called “GobalCoin,” continues with the addition of a senior bank lobbyist from Standard Chartered, according to the Financial Times. In a report Friday, the FT said that the new hire, the bank’s managing director for group public and regulatory affairs, Edward Bowles, will join the social media giant…

Jun 12, 2020 at 13:48 UTCUpdated Jun 12, 2020 at 14:18 UTCCredit: Andrii Spy_k/ShutterstockTwo blockchain platforms, both proof-of-stake, are trying to stay on the right side of the Financial Action Task Force’s (FATF) “Travel Rule.” In separate announcements on Thursday, the Algorand and Tezos Foundations said they had linked up with two analytics companies, Chainalysis…

Is Dorian Nakamoto really Satoshi? Decidedly not. But researchers are working to understand the mining patterns of some of Bitcoin's earliest contributors. (Damian Dovarganes/AP Photo)Blockchain Bites: Patoshi’s Patterns, Canaan’s Losses, DeFi’s ‘Weird’ MomentDecentralized exchange volume recorded a third straight monthly high, Coinbase’s boardroom was mixed up ahead of a potential public listing and Tezos settled…

Sep 18, 2020 at 08:28 UTCUpdated Sep 18, 2020 at 08:36 UTC(Nils Versemann/Shutterstock)A former employee of an Australian federal agency has avoided prison after he was caught using government supercomputers to mine for cryptocurrency. According to a report by The Sydney Morning Herald on Friday, Jonathan Khoo, 34, worked as a contractor for the Commonwealth…

Xapo Bank and Hilbert Capital, the asset management arm of Swedish investment firm Hilbert Group (HILB), plan to manage a bitcoin (BTC)-denominated hedge fund with an initial capital of $200 million. The fund, set to launch in September, will be available to corporates, businesses and professional investors, according to an announcement on Tuesday. 13:53 Bitcoin's

Bridge aims to build a global stablecoin payments network to "enable companies to use a stablecoin rail without thinking about it," one of its founder said. Companies keen to incorporate stablecoin payments face challenges of accessing on-ramps and off-ramps and facilitating transfers across different tokens and blockchains. 00:54 How Blackbird Brings Dining Experiences On-Chain 18:43

Digital Currency Group (DCG) missed a $630 million payment owed to Gemini last week.Gemini CEO Cameron Winklevoss has threatened to sue DCG CEO Barry Silbert and DCG over the repayment of a $900 million loan after Genesis, a DCG entity, filed for Chapter 11 bankruptcy, amid allegations of mixed funds and ongoing disputes about loan…

news Blockchain technology firm Bitfury is looking to reinforce its software unit with two executive-level hires. Announced today, Marina Khaustova, former chief marketing officer and co-founder of Element Capital Group, has joined Bitfury as the CEO of Crystal Blockchain, the company’s analytical tool for investigating public blockchain transactions. Meanwhile, Chris Dickson, previously at enterprise software vendor Panaya,…

Pump has generated significant revenue in a short period and zoomed to one of Solana's highest earning applications, showcasing the profitability of offering token creation services in the crypto space.The platform allows users to create tokens with $2 and offers an inbuilt safety mechanism against scams like rug pulls, making it an attractive option for