CoinEx, a cryptocurrency exchange, recently announced a security breach on September 12. The incident involved unauthorized transactions and withdrawals from the exchange’s hot wallets, affecting Ethereum (ETH), TRON (TRX), and Polygon (MATIC). While the exact value of the losses is yet to be determined, CoinEx assures its users that their assets are secure and promises
The blockchain ecosystem continues to expand with the emergence of Manta Network, a new player in the world of layer-2 blockchain solutions. Manta Network has recently launched its ZK-as-a-service platform, Manta Pacific, which aims to power decentralized applications (DApps) using zero-knowledge (ZK) proof technology. This modular L2 solution is designed to be compatible with the
In a concerning development, popular crypto exchange CoinEx is believed to have fallen victim to a suspected hack, resulting in significant losses from its Ethereum (ETH), TRON (TRX), and Polygon (MATIC) hot wallets. The incident, which unfolded on Tuesday, has sparked an ongoing investigation into the security breach. Significant Losses According to reports by Colin
Tencent Cloud, in collaboration with Ankr, has launched its first Web3-native product called Tencent Cloud Blockchain RPC. This product aims to provide Web3 developers with an improved experience by offering a reliable Web3 infrastructure and essential developer services. Web3 development presents several obstacles for developers, including high operational costs and the need for substantial resources.
The new financial promotions regulations imposed by the UK Financial Conduct Authority (FCA) are creating significant challenges for crypto firms, according to Delphi Labs general counsel Gabriel Shapiro. In a recent post on X, Shapiro expressed his concerns about the feasibility of strict compliance with these regulations. He believes that only centralized exchanges and a
Cryptocurrency enthusiasts have been forced to face the harsh reality of increasing hacks and scams within the industry. The recent $41 million hack of cryptocurrency casino Stake has once again brought this issue to the forefront. The hackers responsible for the exploit have made further moves, transferring a staggering $328,000 million worth of Polygon (MATIC)
While Ethereum (ETH) struggles to maintain its position above $1,600, investors in the cryptocurrency market are now turning their attention to its competitors. One cryptocurrency that has caught the eye of many is Solana (SOL). Despite facing a tough week in the crypto market and a significant loss of 28% in the last four weeks,
James Howells, a resident of Newport, has found himself in a battle against the city’s local council in a quest to retrieve his lost treasure. Howells accidentally disposed of a hard drive containing a staggering 8,000 Bitcoin (BTC), and for the past decade, he has been tirelessly attempting to gain access to a landfill site
In a recent report, it has been revealed that Luna, a subsidiary of Digital Currency Group (DCG), is planning to pause certain services in the United Kingdom. This decision comes ahead of new regulations set by the U.K.’s Financial Conduct Authority (FCA) and will have a significant impact on the crypto trading features offered by
Arbitrum, a layer-2 scalability solution within the Ethereum network, has been gaining traction and attracting attention with its impressive total value locked (TVL) and active ecosystem. However, in a surprising turn of events, the price of Arbitrum (ARB) tokens experienced a sharp decline of 14.5% between September 9 and September 11, reaching its lowest point
