Stars Arena, the decentralized social finance application, is facing a major setback as its CEO, Chill Pill, unexpectedly announced their resignation. This surprising development comes in the aftermath of a significant smart contract exploit that severely impacted the platform. With the total value locked (TVL) plummeting from nearly $3 million to just above $300,000, Stars
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In an ever-evolving cryptocurrency landscape, security is of paramount importance. Recognizing the need for enhanced security measures, the BNB Chain has recently launched a groundbreaking solution called BNB Safe{Wallet}. This secure multi-signature wallet service, built on the Gnosis Safe protocol, aims to provide BNB Chain users with robust protection for their digital assets. The Gnosis
Renowned billionaire investor Stanley Druckenmiller has recently acknowledged Bitcoin’s remarkable success over the past decade and a half. In an interview with hedge fund manager Paul Tudor Jones, Druckenmiller expressed regret for not owning any Bitcoin himself, despite recognizing its value as a store of wealth. This admission is a surprising revelation from the 70-year-old
The cryptocurrency market has experienced a surge in investment as crypto exchange-traded products (ETPs) recorded their largest weekly inflows in over a year. According to CoinShares, a leading asset management platform, these inflows amounted to an impressive $326 million for the week ending October 27. This significant increase dwarfed the previous week’s inflows of $66
A solo Bitcoin miner has achieved a remarkable feat by claiming a $200,000 block reward, sparking intrigue among fellow miners and crypto enthusiasts. This milestone emphasizes the potential for lone miners to effectively compete with larger mining operations, challenging the dominance of mining pools. On October 28, a software engineer and admin of Solo Ckpool,
In an exciting new partnership, Futureverse, a leading AI and metaverse technology company, has joined forces with Alibaba Cloud, the digital technology and intelligence side of Alibaba Group. This collaboration aims to revolutionize the future of AI in the music and entertainment industry by making significant advancements in the breakthrough technology offered by Futureverse’s JEN
As the fields of artificial intelligence (AI) and cryptocurrency continue to gain momentum individually, a new wave of interest is emerging due to the fusion of these two disruptive technologies. Tech giants like Microsoft have recently sparked this newfound curiosity by exploring the possibilities of this combined sector. This synergy between AI and cryptocurrency is
The U.K. Treasury has recently unveiled its regulatory approach to the crypto industry, signaling a significant milestone in the country’s journey towards establishing itself as a leading global destination for crypto-asset businesses. With a clear roadmap now in place, the crypto industry and stakeholders can anticipate a well-defined and regulated environment in the near future.
The Monetary Authority of Singapore (MAS) has taken a significant step towards promoting responsible digital asset innovations across international borders. Collaborating with regulators from the United Kingdom, Japan, and Switzerland, MAS launched its ground-breaking Project Guardian initiative. This initiative aims to revolutionize asset tokenization in various financial sectors and facilitate market efficiency and transaction processes
A recent report by blockchain security firm Hacken has shed light on the risks associated with investing in cryptocurrency projects that lack audit reports. The Q3 2023 Security Insights report revealed that out of 78 examined rug pulls, only 12 projects had undergone and reported audits. An audit report conducted by an independent third-party serves
