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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 […]

CDPQ, one of the biggest Canadian pension funds, has officially written off the $150 million investment it made in the now bankrupt crypto lender, Celsius. The company is not expecting to receive any of that sum back. CDPQ’s representative stated that the company has underestimated the challenges of dealing with crypto, which is yet again […]

After the DeFi protocol Curve Finance was hacked for $537,000 this Tuesday, the crypto exchange Binance has now managed to recover $450,000 of that amount. According to Binance’s CEO, Changpeng Zao, the exchange detected the hacker’s multiple attempts to send the funds to Binance in various different ways. The crypto exchange is now busy returning […]

According to a report made by Elliptic, a blockchain forensics firm, there has been at least $540 million laundered on the RenBridge so far. By using this cross-chain bridge, criminals have converted crypto from one asset into another and then moved it over various blockchains in order to cover the trace of money. Elliptic’s report […]

After a successful conference last year, NEAR Ecosystem’s most hyped event is back again this September in Lisbon. And it looks like they invested even more effort (and money) into it this year. There will be lots of discussion about Web3 and its future development. NEAR is promising 2000+ delegates, including well-known economists, politicians, and […]

As the realm of decentralized finance (DeFi) is evolving into its second phase, the developers of DeFi 2.0 projects are looking to address some of the key issues that trouble DeFi 1.0. Such DeFi 1.0 projects have done an important job of establishing the initial userbase and the technological foundation upon which DeFi 2.0 projects […]

Web3 lovers, rejoice! There’s a neat upcoming conference that’s likely to satisfy your curiosity about the future development of the Web3 space. The TOKEN2049 will be held at the end of September in Singapore, and will feature key people from prominent Web3 companies. They will be exhibiting their projects, as well as discussing the current […]