Breaking crypto and Web3 news, analysis and market intelligence for institutional investors.
LimeWire, a former peer-to-peer file-sharing platform turned nonfungible token marketplace, has created a new game targeted at bringing back the nostalgia of music piracy with the extra bonus of cryptocurrency incentives. On April 13, a throwback music-downloading game with a Windows XP theme was released on Web3, bringing back the legendary music-downloading platform that was … Read more
The latest decentralised finance (DeFi) attack was discovered by blockchain security company PeckShield, which allowed the exploiter to manufacture over 1 quadrillion Yearn Tether (yUSDT) from $10,000. The security company claims that the hacker afterwards converted the yUSDT to other stablecoins, enabling them to seize stablecoins worth $11.6 million. Included in this are 61,000 Pax … Read more
Website: https://qa.finnovex.com/ Event Description: The financial services industry is critical to the Qatari economy, and the government is workinghard to make Qatar a regional financial center. Fintech offers significant opportunities foreconomic diversification and is one of the four pillars of Qatar's National Vision 2030. Banks inQatar have recognised the role digital transformation plays in driving … Read more
For Yuga Labs’ Otherside metaverse, the high-end clothing brand Gucci created a limited-edition pendant that will be available in both physical and nonfungible token (NFT) versions. The “KodaPendant,” a piece of silver jewellery by Gucci, will be released on April 6 for owners of the Koda or Vessel NFTs, which serve as either animals or … Read more
According to on-chain statistics, the hacker responsible for the $196 million Euler Finance lending protocol attack has returned the majority of the stolen assets. On March 25, the exploiter returned 51,000 Ether, which at the time of this writing was worth approximately $88 million. On the same day, a second transfer of 7,737 ETH, valued … Read more
Do Kwon, the CEO of Terraform Labs, has purportedly been detained in Montenegro, but only hours later, US authorities in New York have charged him with fraud. The 31-year-old businessman has been accused with eight different crimes, including commodities fraud, securities fraud, wire fraud, and conspiracy to commit fraud and market manipulation, according to a … Read more
In a class-action lawsuit against “BitBoy Crypto” YouTuber Ben Armstrong and other crypto influencers for allegedly endorsing the cryptocurrency exchange FTX, Armstrong’s attorneys asserted that they have received several threats from Armstrong. After the lawsuit was filed on March 15, according to a March 20 court filing by the class action’s attorneys in a Florida … Read more
Magic Eden, a nonfungible token marketplace, has introduced its own “fully audited” marketplace for Bitcoin Ordinals in an effort to capitalise on the growing interest in “Bitcoin NFTs.” A comparable user experience to that provided by Magic Eden for Polygon, Ethereum, and Solana-based NFTs is provided by the recently created marketplace, which enables Bitcoin NFT … Read more
As the leading cryptocurrency wallet MetaMask promotes direct onramps with regional banks, buying self-custody cryptocurrencies is becoming simpler in Nigeria. The parent company of MetaMask, ConsenSys, announced a new interface with cryptocurrency fintech MoonPay on March 21. This allows users in Nigeria to buy cryptocurrency through immediate bank transfers. The new function is accessible via … Read more
Silicon Valley Bank failed as a result of a perfect storm of losses, uninsured leverage, and a sizable loan portfolio, among other things (SVB). A comparison of SVB’s situation with that of other players showed that approximately 190 US banks may be vulnerable to a run. While the collapse of SVB served as a reminder … Read more