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Blockchain
Web3 game project allegedly hired actors to pose as executives in $1.6M exit scam
On Oct. 10, the development team for gaming project FinSoul carried out an alleged exit scam, siphoning away $1.6 million from investors through market manipulation, according to a recent report from blockchain security platform CertiK…
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Why the 2024 Bitcoin halving may play out differently than in the past
The impact of the Bitcoin halving on crypto prices is often overestimated and the next halving, set for April 2024, may play out differently than previous ones, according to a leading analyst.The halving event, which every four years,…
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Blockchain innovation or dangerous house of cards? – Cointelegraph Magazine
Ethereum restaking — proposed by middleware protocol EigenLayer — is a controversial innovation over the past year that has some of the brightest minds worried about the potential ramifications.Restaking involves reusing…
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Platypus Finance recovers 90% of assets lost in exploit
Decentralized finance (DeFi) protocol Platypus Finance said it had recovered 90% of assets that were stolen in a security breach last week.According to the October 17 announcement, developers said the protocol's net loss was limited to…
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Binance halts onboarding of new UK users
Crypto exchange Binance will stop accepting users in the United Kingdom as of 5 p.m. local time on Oct. 16.According to Binance's announcement, the move came after the country's Financial Conduct Authority (FCA) imposed legally binding…
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FTX estate stakes 5.5M Solana coins
The FTX estate seems bullish on Solana (SOL), as it staked over 5.5 million SOL on Oct. 13. According to on-chain data, an FTX-identified wallet sent the coins to Figment, a staking validator firm for institutional investors. The…
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European regulators assess DeFi risks, Uniswap launches Android wallet: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.In this week’s newsletter, European securities…
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What is blockchain network congestion?
Blockchain network congestion, explained Blockchain network congestion refers to a situation where the number of transactions exceeds the network’s capacity, resulting in processing…
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Trader swaps 131K stablecoins for $0 during USDR depeg
During the crisis on Oct. 11 involving real-estate-backed U.S. dollar stablecoin Real USD (USDR), a trader appears to have swapped 131,350 USDR for 0 USD Coin (USDC), resulting in a complete loss on investment.According to the Oct. 12…
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CoinMarketCap launches ChatGPT plugin
Crypto data aggregator CoinMarketCap, owned by crypto exchange Binance, has created a novel plugin for large-language model (LLM) based AI chatbot ChatGPT.According to the October 11 announcement, users can access the feature by signing…
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