Cryptocurrency exchange Kraken recently faced a significant security breach when an undisclosed white-hat hacker group stole digital assets worth approximately $3 million from the platform’s treasury. The hackers exploited a bug in the system that allowed them to inflate their account balances artificially. Despite the bug not posing a risk to customer funds, it enabled
The blockchain gaming industry is on the brink of a significant transformation as Ronin, the Ethereum sidechain network powering Axie Infinity, gears up to introduce zero-knowledge Ethereum Virtual Machines (zkEVM) in collaboration with the Polygon Chain Development Kit (CDK). This integration is poised to revolutionize the scalability and operational efficiency of the Ronin network, offering
When it comes to traveling with cryptocurrency, one of the most crucial considerations is safeguarding your digital wallet. It is essential to ensure that your funds are secure and protected from potential threats. Implementing strong security measures, such as using secure passwords and two-factor authentication, can go a long way in safeguarding your crypto assets
A recent development in the case of Nadeem Anjarwalla, a Binance executive, has resulted in the dismissal of his human rights lawsuit against Nigeria’s National Security Adviser and the Economic and Financial Crimes Commission by a federal high court. Despite the dismissal, it was noted that Anjarwalla did not have legal representation during the proceedings,
In a bold move to disrupt the traditional mobile app market dominated by tech giants like Apple and Google, APhone has recently launched AppNest, its decentralized app store. This innovative platform not only supports blockchain-based decentralized applications but also conventional Web2 apps, offering users a unique Web3-native experience. The intention behind the creation of AppNest
In the recent events surrounding the discovery of a critical vulnerability in crypto exchange Kraken’s deposit system, blockchain security firm CertiK has come forward with shocking allegations. CertiK claims that Kraken threatened its employees on June 18, demanding a repayment of a “mismatched” amount in an unreasonable timeframe while failing to provide a relevant wallet
The recent revelation about Montenegrin Prime Minister Milojko Spajić’s involvement as an early investor in Terraform Labs has raised many eyebrows. Court documents released by the U.S. Securities and Exchange Commission (SEC) showed that Spajić invested $75,000 in April 2018, acquiring 750,000 Luna tokens. Unfortunately, the cryptocurrency project failed in 2022, leading to losses exceeding
Crypto analyst and trader Tyler Durden has recently expressed his bullish sentiment towards Ethereum (ETH). In a post on X (formerly Twitter), Durden emphasized that Ethereum reaching $10,000 is the “most asymmetric bet” in the cryptocurrency market today. He suggested that it is better for traders to go with the tide and bet on ETH,
Travis Kling, Founder and Chief Investment Officer of Ikigai Asset Management, recently shared his analysis of the current state of Bitcoin and the broader cryptocurrency ecosystem. According to Kling, Bitcoin is currently around 10% off its all-time highs, with indications that the market may be heading towards cannibalism. Despite the NASDAQ experiencing a 16% surge
In the past 24 hours, XRP experienced a slight decline from its recent high above $0.50, after making a comeback in the market. Despite this minor setback, XRP managed to erase its weekly losses, making it the only top cryptocurrency in the green for the week. At the same time, there has been a noticeable
