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 Monetary Authority of Singapore (MAS) has recently unveiled a revised regulatory framework aimed at ensuring stability for single-currency stablecoins (SCS) in the city-state. With the rise of digital assets and the increasing popularity of stablecoins worldwide, this framework seeks to provide a safe and secure environment for stablecoin issuers and users alike. Under the
The recent announcement of Coca-Cola’s Masterpiece NFT collection on Coinbase’s Base network has sparked significant interest in the evolving world of non-fungible tokens (NFTs). With over 100 decentralized applications (DApps) and service providers now hosted on Base, this launch marks a pivotal moment for both Coca-Cola and the NFT industry as a whole. The Coca-Cola
Chainlink, a decentralized oracle network, has extended its integrations to a total of 12 projects by partnering with Base, a Coinbase-incubated layer-2 network. This collaboration opens up new opportunities for developers building on the layer-2 blockchain, granting them access to Chainlink Data Feeds and other web3 services. With its native integration into Base, Chainlink offers
In a bold move to tap into the growing cryptocurrency market, PayPal has recently unveiled its very own stablecoin, PYUSD. This new digital currency aims to revolutionize the way people transact and support online platforms and creators. With the promise of faster, more efficient, and more cost-effective transactions, PayPal is positioning itself as a major
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,
The crypto industry is constantly evolving, and innovations in technology continue to push the boundaries of what is possible. One emerging trend is the integration of artificial intelligence (AI) into crypto platforms, and yPredict is at the forefront of this movement. With global investors backing the project, yPredict has secured an impressive $3.4 million in
Bitcoin mining has been experiencing significant growth in recent times, with the blockchain network reaching an all-time high in hash rate during the second quarter of this year. This surge in mining activity has resulted in an increase in mining revenue, driven by a spike in transaction volume for Bitcoin. Riot Blockchain, one of the
According to former SEC attorney John Reed Stark, the current SEC, led by Chairman Gary Gensler, is facing significant regulatory concerns that make it unlikely for a Bitcoin spot ETF application to be approved. One of the major issues is the ability to prevent fraud and protect investors. Interestingly, Stark observed that the topic of
Crypto lawyer James Murphy has described the amicus brief filed by six law scholars in support of Coinbase as “devastating” for the U.S. Securities and Exchange Commission (SEC). This legal document challenges the SEC’s claim that tokens trading on Coinbase are securities. In a post on August 12, Murphy praised the brief for undermining the
