Polimec, a revolutionary decentralized funding protocol, has recently made its official debut on the Polkadot platform. This platform, designed to transform the way Web3 projects raise capital and issue tokens, aims to create a transparent and regulatory-compliant environment for investors and startups globally. One of the standout features of Polimec is its focus on community-driven
Crypto
In a surprising turn of events, Michael Sonnhenshein, CEO of Grayscale, the world’s largest Bitcoin ETF, has announced his decision to step down from his position. This news comes as a shock to many in the industry, as Sonnhenshein has been a key figure at the company since 2014 and has served as CEO since
As we look ahead to the economic week, all eyes are on the Federal Reserve meeting minutes and the big earnings report from semiconductor giant Nvidia. These pivotal events will provide valuable insights into the future economic landscape and market trends. Last week, the U.S. Dow Jones Industrial Average (DJIA) surpassed the 40,000 mark for
Bitcoin’s price has been experiencing fluctuations in the past 24 hours, dropping below $67,000 on multiple occasions. Despite these corrections, the cryptocurrency has reacted positively and currently hovers around the $67,000 mark. Last week, Bitcoin faced a decline to just over $61,000 due to some issues with Coinbase, but quickly rebounded and initiated a significant
Recent reports have shed light on the increasing threat posed by North Korean cybercriminals, particularly the Lazarus Group. This notorious group has been responsible for stealing millions of dollars’ worth of cryptocurrency from various exchanges, with the stolen funds ultimately being funneled back to North Korea using sanctioned crypto mixers. The United Nations Security Council
Ontario’s cryptocurrency scene was rocked by the arrest of Aiden Pleterski, known as the ‘Crypto King,’ on charges of fraud and money laundering. Along with his associate, Colin Murphy, Pleterski allegedly embezzled a staggering $30 million from unsuspecting victims. The charges were brought forth after a lengthy 16-month investigation dubbed ‘Project Swan’ by Canadian authorities.
Recently, two siblings who graduated from the Massachusetts Institute of Technology (MIT) have been accused of exploiting a vulnerability in the Ethereum blockchain. Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28, are facing serious allegations of fraud and money laundering after reportedly swindling $25 million within a mere 12 seconds. This cyber heist has been labeled
Polkadot recently announced a groundbreaking partnership with Founder Institute to launch a Web3 cohort. This collaboration marks the beginning of an exciting chapter in startup acceleration and Web3 technology education. The program, set to kick off on May 28, will be led by top experts from the Polkadot community. An important development within the Polkadot
Bitcoin had an impressive trading week, with its price jumping to over $67,000, the highest level in almost a month. After briefly retracing to $60,000, the bulls defended the psychological support level and pushed the price back up. The digital asset climbed to $63,000 on Monday, surged to $66,500 after the US CPI announcement for
The Chinese police forces recently made headlines after busting a large underground banking operation that utilized Tether (USDT) to transfer up to 13.8 billion yuan ($1.9 billion). The Public Security Bureau of Chengdu Municipal arrested 193 suspects involved in the case and froze 149 million yuan ($20.6 million) in connection with the operation. The investigation,
