Crypto Industry News
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 […]
UK Financial Agency Issues Warning Against FTX
After Binance, UK’s Financial Conduct Authority (FCA) is now targeting another large crypto exchange. Namely, FCA has issued a warning to FTX for offering its service to UK citizens, without first obtaining a proper license. This piece of news is part of FCA’s ongoing objective to make sure all crypto companies working in the UK […]
Apple Creates Neural Network for Deepfake Human Movement
In cooperation with the University of British Columbia, Apple has created an AI neural network that can generate a real person’s virtual movements. After being trained on short videos, the NeuMan neural network can create a deepfake of a person not only walking, but performing any other kind of movement, such as dancing or tumbling. […]
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 […]
GMX Exploited for More Than $500,000
Decentralized exchange GMX was hit in a price manipulation exploit, with the attacker taking off with some $565,000. GMX is a relatively young crypto exchange, having launched just late last year on Ethereum layer-2 solution Arbitrum. However, that’s more than enough time to become a victim of cybercrime in the crypto industry. GMX’s AVAX/USD market […]
Supermarkets in Ukraine Selling Food for Crypto
The news of increasing crypto adoption keeps arriving. Varus, the Ukrainian chain of supermarkets, in partnership with Binance and SettlePay, has now made it possible for customers to purchase food with ETH. After using the promotional code, VARUS, in Binance mobile app, customers can order kefir for ETH worth 500 Ukrainian hryvnias. In addition, until […]
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 […]
Crypto Hub in Vietnam Opened by Near Foundation and GFS Ventures
Near Foundation, a Swiss non-profit organization that oversees the development of the layer-one blockchain, Near Protocol, announced that it has opened a Web3 regional hub in Vietnam. Its partner in the project is GFS Ventures, a venture capital fund. According to the Global Cryptocurrency Acceptance Index, Vietnam ranks fifth when it comes to the degree […]
Arrest Warrant for Do Kwon Issued in South Korea
According to Bloomberg, South Korean authorities have issued a warrant for the arrest of Do Kwon, the CEO of TerraForm Labs. In May this year, Terra’s stablecoin UST and its sister coin LUNA crashed, losing $40 billion of investors’ money. One major consequence of this crash is the impact it had on bringing crypto winter […]
BitGo Pressing Charges Against Galaxy Digital for $100 Million
What was supposed to be the most expensive deal in the crypto industry has in the meantime transformed into something ugly. Last month, Galaxy Digital, a crypto investment firm, pulled out of its $1.2 billion acquisition of the crypto custodian BitGo. Now, BitGo is pressing charges against its would-be buyer. Galaxy Digital terminated the acquisition […]
