Industry News
Defi protocol Unizen to reimburse users after its recent hack
Unizen Takes Swift Action to Address $2.1 Million Security Breach and Reimburse Affected Users Decentralized finance (DeFi) protocol Unizen recently experienced a security breach, resulting in the loss of approximately $2.1 million in user funds. In response to this unfortunate incident, the platform has taken immediate steps to address the situation and reimburse affected users….
Gaming tokens hit the roof amid Bitcoin’s surge
Over the Past Weekend: The crypto market experienced a noteworthy surge, with tokens linked to video games and gaming chains witnessing remarkable gains. This uptick in value coincided with Bitcoin’s brief touch of $70,000 once again. A Staggering Rise for Gaming Tokens One notable token leading this charge was the GALA token within the Gala…
BlockFi’s Zac Prince transitions into Real Estate tech
The former CEO of BlockFi, Zac Prince, is embarking on a new adventure as he transitions from the volatile world of cryptocurrency to the more stable realm of real estate technology. Following BlockFi’s settlement with the estates of FTX and Alameda Research, which could potentially result in a full recovery for the crypto lender’s users,…
Bitget Wallet Set to Advance Web3 with BWB Token Launch
A Game-Changing Announcement: Bitget Wallet Unveils Plans for Native Token BWB In a move set to redefine the Web3 landscape, Bitget Wallet, a leading non-custodial wallet service with over 12 million users worldwide, has declared its intentions to introduce a native cryptocurrency token named BWB. This development marks a pivotal moment for the platform as…
Unibot Core Team Embarks on a New Chapter in Solana Deployment
The Unibot Core Team has made a pivotal decision to realign its approach to deploying Unibot on the Solana blockchain, as part of its commitment to upholding the project’s foundational values of transparency, security, and honesty. This strategic shift marks a significant departure from the team’s previous collaboration with an external group responsible for Unibot’s…
MicroStrategy completes $800M fundraise to boost Bitcoin holdings
MicroStrategy, a leading business intelligence company, has recently finalized an impressive $800 million fundraising initiative to expand its existing Bitcoin holdings. This significant investment saw the acquisition of an additional 12,000 BTC, boosting the company’s total Bitcoin assets to a substantial 200,000 BTC. The fundraising campaign was executed through a private offering of senior unsecured…
Arbitrum confirms removal of funding for Tornado Cash legal defense
Recent Developments in the Arbitrum DAO: Scrapping a Proposed Funding for Tornado Cash Developers Background of the Controversial Proposal The Arbitrum Decentralized Autonomous Organization (DAO) recently faced a significant decision when it came to a proposal that aimed to provide financial backing for the legal defense of Tornado Cash’s developers. The proposition suggested drawing almost…
Snoop Dogg’s Latest Obsession? Discover the Crypto Casino Revolutionizing Online Entertainment
Roobet: The Future of Online Entertainment and Gambling with Cryptocurrency, Celebrity Partnerships, and Provably Fair Gaming In the ever-evolving landscape of contact entertainment, casino games have continued to captivate audiences with their unique blend of excitement, skill, and the potential for fortune. Amidst this dynamic industry, one innovative platform has emerged as a trailblazer in…
Optimism and caution surround Arbitrum’s massive unlock
Arbitrum Unlocks Over 1.1 Billion Tokens: Market Implications and Perspectives The highly-anticipated Arbitrum token unlock event is set to occur on March 16, releasing approximately 1.1 billion ARB tokens worth around $2.32 billion into the market. Understanding Arbitrum’s Token Unlock: A “Cliff Unlock” The token unlock, known as a “Cliff Unlock,” implies the release of…
USDT stablecoin is now available on Celo blockchain
Tether, the stablecoin issuer behind USDT, has taken a significant step forward in expanding its reach and enhancing its functionality by launching on the Celo network. This new development marks a strategic collaboration between Tether and Celo, a carbon-negative, permissionless platform compatible with the Ethereum Virtual Machine (EVM), aiming to facilitate efficient transactions and boost…
UAE adopts Cardano blockchain to enhance criminal investigation security
The United Arab Emirates (UAE) Utilizes Cardano Blockchain for Criminal Investigations: A Game Changer in Global Data Management The United Arab Emirates (UAE) has taken a significant stride towards embracing advanced technology for its criminal investigation operations by incorporating the Cardano blockchain. This groundbreaking announcement was made during the World Police Summit in Dubai, where…
How Nigerians are doing in the aftermath of Binance’s departure
The Aftermath of Binance’s Exit from Nigeria: A Chilling Effect on the Local Cryptocurrency Industry The recent regulatory crackdown on Binance’s operations in Nigeria has disrupted the local cryptocurrency industry, leaving many traders and stakeholders feeling frustrated and uncertain about their futures. The Central Bank of Nigeria (CBN) has intensified its scrutiny over cryptocurrency transactions,…
Unizen announces user reimbursement after $2.1M hack
Unizen Addresses Security Breach and Commits to Reimbursing Affected Users: A Comprehensive Overview The decentralized finance (DeFi) protocol, Unizen, has recently undergone a significant setback as it experienced a security breach that resulted in the loss of approximately $2.1 million worth of user funds. This unfortunate event was detected on March 9, 2024, by blockchain…
PlayStation Plus Premium Subscribers Anticipate Addition of More PS2 Titles
PlayStation Plus Premium subscribers are looking forward to potential enhancements of the service, particularly in relation to the beloved PlayStation 2 (PS2) era. The premium tier, which is renowned for its steep price tag, presents a range of captivating benefits including cloud streaming, limited-time trials of new releases, and access to an extensive collection of…
UK FCA greenlights crypto ETNs for institutional investors
A Pivotal Moment: UK’s Financial Conduct Authority (FCA) Allows Regulated Crypto Asset-Backed Exchange-Traded Notes (ETNs) for Professional Investors The UK’s Financial Conduct Authority (FCA) announced recently that it will not oppose Recognised Investment Exchanges (RIEs) in establishing a listed market segment for crypto asset-backed exchange-traded notes (ETNs). This significant development marks an essential milestone for…
Vitalik Buterin advocates quantum-proofing Ethereum blockchain
In a significant announcement, Ethereum co-founder Vitalik Buterin has shared details about Ethereum’s planned approach to mitigate potential quantum computing threats. This announcement comes in the wake of growing concerns over the security of cryptographic systems as quantum technology continues to advance. Buterin’s strategy revolves around enhancing Ethereum’s resilience through strategic updates and the integration…
BlockFi’s Zac Prince opens up about bankruptcy and new role
In a recent development, Zac Prince, the founder and former CEO of the now-defunct cryptocurrency lending platform BlockFi, has shared insights into the company’s ongoing bankruptcy proceedings and his future career plans. Prince’s silence until now was a deliberate strategy to allow the bankruptcy process to progress without external influence. Successfully Navigating Bankruptcy Proceedings and…
BlackRock’s IBIT ETF Hits $10 billion AUM in Record Time
BlackRock’s Bitcoin ETF, IBIT, Reaches $10 Billion in AUM: A New Milestone Amid Growing Interest in Cryptocurrencies The groundbreaking success of BlackRock’s Bitcoin ETF, IBIT, has reached a new milestone with $10 billion in assets under management (AUM), making it the fastest-growing U.S. ETF to reach this level. This remarkable achievement comes amid an escalating…
Bloomberg expert sheds light on meme coin growth dynamics
Recent Discussion on Meme Coins: Insights from Joe Weisenthal and Doug Colkitt In a captivating discussion on the current state of the financial markets and the surge of meme coins, Joe Weisenthal, the co-anchor of “What’d You Miss?” on Bloomberg Television, shed light on the intriguing nature and potential returns of meme coins. He drew…
Helldivers 2 Developers Address Player Kicking Issue
Helldivers 2, the widely acclaimed cooperative shooter keyboards created by Arrowhead Game Studios, has been grappling with a long-standing issue where players are unfairly ejected from multiplayer matches by hosts. This predicament has sparked considerable discontent among the player community, igniting discussions and compelling Arrowhead to take action in response to player feedback. In a…