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Ethereum’s hard fork that functions with a proof-of-work consensus mechanism, ETHPoW, is now the subject of more bad news following its bumpy launch last week. Namely, the Ethereum mining fork was hit for 200 ETHW through a “bridge replay” exploit. According to the blockchain security company, BlockSec, the attackers moved 200 WETH by using the […]
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 […]
Near Foundation and Caerus Ventures have announced a new $100 million venture capital fund dedicated to financing Web3 projects. Near Foundation is a Swiss non-profit organization that oversees the development of the dApp platform, Near Protocol. Caerus Ventures is a notable capital investment company. Together, they will be supporting developers and engineers working in Web3 […]
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 […]
1inch announced that it will airdrop free coins in its Merkle drop, in order to reward its Optimism users. 3,782 regular users of the 1inch DEX aggregator will equally receive 300,000 OP tokens in total. After 1inch was deployed on the Optimism layer-2 scaling solution last year, this resulted in faster transactions and increased activity. […]
In anticipation of the 2022 World Cup, happening in November, FIFA has announced a platform for selling World Cup-themed NFTs to soccer fans. Named FIFA+ Collect, the platform will offer NFTs featuring memorable moments in the tournament throughout soccer history. FIFA+ Collect runs on the Algorand blockchain. Algorand is a proof-of-stake blockchain and an official […]
After a charity auction where an NFT inspired by the life of Bill Murray was sold, the famous actor’s digital wallet was hacked for almost 110 Wrapped Ethereum (wETH), or some $174,000. The exclusive NFT was sold on Coinbase, raising 119 wETH ($185,000). After the auction, the attackers most likely planted a dangerous link that […]
Despite the adverse conditions in the crypto market, Symbolic Capital has announced a $50 million fund for supporting early-stage Web3 projects. Symbolic Capital is a relatively new company founded in May 2022 and headed by industry veterans – the Polygon founder, Sandeep Nailwal, and Cere Network’s founder, Kenzi Wang. According to the company’s announcement, this […]
According to data by Dune Analytics, NFTs are still in a good place. At least, when it comes to generating additional revenue for leading brands. Namely, popular brands have made a combined $260 million out of NFT sales so far. Nike is leading with a whopping $185.3 million, with Dolce & Gabbana ($25.6 million), Tiffany […]
Ahead of the launch of SafeDAO, Gnosis Safe will airdrop 50 million SAFE tokens to over 45,000 eligible Ethereum addresses. The list of eligible addresses contains those users who created addresses before February 9, 2022, i.e. before the proposal to initiate SafeDAO. The company will send SAFE to just over half of those addresses, amounting […]