Former United States President Donald Trump has been revealed to own more than $2.8 million in an Ethereum wallet, according to a recently released financial statement. The statement, shared by the non-profit watchdog Citizens for Responsibility and Ethics in Washington, highlights Trump’s earnings of over $4.8 million from licensing fees related to nonfungible token (NFT)
Ethereum
On August 14th, RocketSwap Labs experienced a devastating brute force hack that resulted in the loss of $865,000 or 471 Ether (ETH) from their protocol. The hacker was able to exploit vulnerabilities in the system and successfully transfer the stolen assets to Uniswap along with 400 ETH. This news was later confirmed by RocketSwap Labs
The Bitcoin Frontier Fund, previously known as Stacks Ventures, has made a groundbreaking move in the blockchain industry by launching the first-ever Bitcoin Ordinals accelerator program. This distinctive initiative aims to support startups that are spearheading innovation in the field of Ordinals. The program offers an enticing package including seed funding, access to funding pipelines,
Art collection has always been about more than just the artwork itself. The artist’s identity and the story behind each piece have traditionally played a significant role. However, with the emergence of NFTs (Non-Fungible Tokens) as a means of attributing provenance to digital objects, the art world has witnessed a paradigm shift. Grails by PROOF,
In a surprising turn of events, the non-fungible token (NFT) project y00ts has decided to switch blockchain networks once again. It was only four months ago that the majority of its NFTs were bridged from Solana to Polygon. However, DeLabs, the NFT firm behind y00ts, recently announced that it will soon be migrating to Ethereum,
The team behind Bitcoin Ordinals has taken a significant step towards driving the development of nonfungible tokens (NFTs) on the Bitcoin blockchain. With the launch of the Open Ordinals Institute, a nonprofit organization, they aim to provide the necessary funding for Ordinals developers. Since its introduction in January, the Bitcoin Ordinals protocol has gained immense
PayPal’s recent launch of PYUSD, an Ethereum-based stablecoin, has generated mixed reactions within the crypto community. While some view it as a significant step towards mainstream adoption for Ethereum, others express concerns about the potential implications for decentralization and personal control of assets. PYUSD, also known as PayPal USD, was introduced on August 7 and
In a recent ruling in China’s Jiangsu province, Mr. Xu, a lender, found himself at a disadvantage when the court declared that his 341 Bitcoin loan to Mr. Lin was not protected by law. The loan was made through a peer-to-peer agreement using Bitcoin, as Mr. Xu lacked fiat funds at the time. However, when
The co-founder and CEO of zkSync creator Matter Labs, Alex Gluchowski, has found himself embroiled in a controversy after Polygon Zero accused the company of copy-pasting code without proper attribution. As a prominent zero-knowledge scaling firm, Matter Labs’ integrity and transparency came under scrutiny when Polygon Zero published a lengthy blog post outlining its allegations.
In the ever-evolving world of decentralized finance (DeFi), uncertainties often arise, leaving protocols to navigate uncharted waters. Amidst this climate of uncertainty, Aave Chan founder Marc Zeller has put forth a controversial proposal for the Aave Treasury to purchase $2 million worth of Curve DAO Tokens (CRV) from Curve Founder Michael Egorov. This move has
OpenChat, a blockchain-based chat app powered by the Internet Computer (ICP) network, has recently introduced a groundbreaking feature called “Communities.” This latest addition aims to transform the way users interact and create groups within the app. While OpenChat was initially used by crypto enthusiasts for instant messaging, users began expressing a desire for the formation
In a shocking incident, a scammer successfully executed a zero transfer phishing attack and managed to steal a staggering $20 million worth of Tether (USDT) on August 1. The stablecoin’s issuer, Tether, quickly blacklisted the scammer, but the damage was already done. This incident sheds light on the growing menace of zero transfer phishing scams
The cryptocurrency market is known for its volatile nature, and once again, investors have been hit hard by the sudden crash of a memecoin called BALD. This new coin, launched on Coinbase’s Base network, garnered a lot of attention with its astronomical rise in value. However, it all came crashing down when the developer allegedly
The cryptocurrency market is evolving at an astonishing pace, with new innovations and technologies constantly reshaping its landscape. One such innovation that holds tremendous potential is the concept of liquid staking tokens (LSTs). As the name suggests, LSTs have the ability to transform the traditional staking process by introducing liquidity to previously illiquid assets. Eth2.0,