MEVbots Arbitrage Trading Bot ETH Scam Revealed
If you’ve been using the arbitrage trading bot named MEV Gain, we’ve got some bad news for you. While this bot was presented as an automated solution for trading based on historical data, the truth is different. Namely, blockchain security company Peckshield has confirmed that MEV Gain is in fact a scam made to drain […]
Ton Crypto Analysis: Explore Ton Coin Network
Every blockchain project wants to introduce real-world applications of decentralized technologies to the masses and achieve mainstream adoption. But, only a very few develop products and services fit for the daily lives of ordinary people. The challenge arises when blockchains can’t scale and lack the necessary speed to appeal to the mass market. While Bitcoin […]
Iran Launches Its Trial of Crypto Rial
After introducing crypto as a means to purchase foreign goods, Iran is now making a pilot launch of its own central bank digital currency (CBDC). The development of the so-called “crypto rial” began in 2018. The Iranian CBDC is operating on the Borna platform, which was built by using IBM’s distributed ledger platform, Hyperledger Fabric. […]
Wintermute AMM Hacked for $160 Million
Another day, another crypto hack. This time, the algorithmic market maker (AMM) Wintermute was hit for some $160 million worth of crypto, spread over 90 different assets. According to the crypto security analyst, ZachXBT, who has discovered the attacker’s wallet address, most of the appropriated funds are kept in the Curve Protocol DEX. In his […]
BTC and ETH Prices Suffer Substantial Drops
It has not been the best week for the two largest coins, as the prices of Bitcoin and Ethereum have both shrunk. Following Ethereum’s long-awaited transition to being a proof-of-stake network, the price of ETH shrunk by 6% just hours after the Merge event, and then by an overall 15% on Sunday. As for the […]
Tron Hackathon Season 3 Kicks Off with $1,2 Million Prize Pool
The third season of Tron’s Grand Hackathon is starting. This year, the second-largest DeFi network by TLV has secured $1.2 million for Hackathon’s prize pool and introduced two additional competitive categories. Apart from the DeFi, GameFi, NFT and Web3 tracks, developers can now participate in the Academy and Ecosystem categories as well. The former is […]
Users Now Allowed to Withdraw Funds from Tornado Cash
One month ago, the U.S. Treasury Department banned the crypto mixing service tool, Tornado Cash, due to it being frequently used for money laundering and financing terrorist groups. Now, users finally have the option of withdrawing the funds they’ve deposited before August 8 – the date when Tornado Cash was officially banned. Former Tornado Cash […]
$30 Million Stolen in Axie Infinity Exploit Now Recovered
According to blockchain analytics firm, Chainalysis, it managed to trace some $30 million worth of crypto stolen in the Axie Infinity exploit. Thanks to Chainalysis’ efforts, law enforcement has since recovered the funds, which amount to some 10% of the overall sum taken from the NFT-based video game. The exploit took place in March 2022, […]
Freemasons’ Lodge in Argentina Launching an NFT Collection
Masonic Grand Lodge in Argentina is launching the global Freemasons’ first-ever NFT collection. In total, the collection will consist of 77 NFTs, featuring imagery from Freemasons’ history and lore. Their square-and-compass symbol and checkered floor patterns, for instance, will be visible on the NFTs’ digital artwork. Even the number 77 is symbolic of having a […]
Australia Introduces Dedicated Crypto Unit
Australian Federal Police now has a specialized unit whose goal is to track and seize crypto linked to illicit activity. The unit is part of the broader Australian Criminal Assets Confiscation Taskforce (CACT). According to CACT’s representative, the formation of this team was necessary following the increasing involvement of crypto in criminal activities. Its members […]
