Breaking crypto and Web3 news, analysis and market intelligence for institutional investors.
A recent review by the British Columbia Securities Commission (BCSC) has uncovered a major cryptocurrency theft involving Smillie, a key figure associated with the now-defunct cryptocurrency platform, EzBtc. The investigation revealed that Smillie illicitly siphoned approximately 935 Bitcoins and 159 Ethers from the platform between 2016 and 2019. These stolen funds were funneled through his … Read more
In recent comments, former Bank of Japan (BOJ) board member Makoto Sakurai suggested that the central bank would likely postpone any additional interest rate hikes until next year, signaling a preference for market stability in the near term. Sakurai’s remarks, made late Friday and reported by Bloomberg, indicate that further increases in the key interest … Read more
In recent years, the landscape of digital asset management has witnessed a profound transformation, largely driven by the emergence of decentralized finance (DeFi) solutions. Among these innovative developments, decentralized marketplaces have emerged as a disruptive force, fundamentally altering the dynamics of buying and selling goods and services online. This article explores the concept of decentralized … Read more
Polymarket, a decentralized prediction market platform, has achieved unprecedented growth in July, setting new records for trading volume, active traders, and new accounts. The platform recorded $387 million in volume for the month, more than tripling its previous all-time high of $111 million set in June. This surge reflects a significant increase in user engagement … Read more
In the dynamic realm of blockchain technology, cross-chain interoperability has emerged as a pivotal focus area. As blockchain networks evolve with diverse functionalities and features, the ability to seamlessly communicate and transfer data or value across different chains becomes imperative. This article delves into the potential future landscape of cross-chain interoperability, exploring current developments, challenges, … Read more
The Terra blockchain recently fell victim to a significant security breach, resulting in the unauthorized access and theft of millions of tokens. The exploit targeted a vulnerability within a third-party module called IBC hooks, which facilitates cross-chain contract calls and token movements across the network. According to crypto researcher Rarma, the breach led to the … Read more
PayPal Holdings, Inc. (NASDAQ: PYPL) has announced impressive financial results for the second quarter ending June 30, 2024, exceeding market expectations and demonstrating robust growth across key metrics. Q2 2024 Financial Highlights Net Revenues: PayPal reported net revenues of $7.9 billion, marking an 8% increase from the previous year and surpassing analysts’ expectations of $7.82 … Read more
The blockchain landscape is rapidly evolving, with innovative technologies poised to transform industries in 2024 and beyond. From enhanced scalability and security to groundbreaking applications, these blockchain advancements are reshaping the future of decentralized systems. Ethereum 2.0: A Scalable and Sustainable Ethereum Ethereum 2.0 is a highly anticipated upgrade aimed at addressing the scalability and … Read more
Atari, a pioneer in the video game industry, is set to revolutionize the gaming experience once again through a partnership with Base, Coinbase’s Ethereum layer-2 scaling blockchain. The collaboration will bring iconic Atari titles to the blockchain, starting with the legendary space shooter, Asteroids. AtariX, the company’s Web3 initiative, aims to create an onchain arcade … Read more
Catizen, a new kid on the Telegram gaming block, has surged to become the top game for Toncoin (TON) users. This exciting development highlights the growing popularity of both Telegram-based games and the TON blockchain within the crypto space. Catizen’s Rise to Feline Fame Details about Catizen’s gameplay remain a little fuzzy, but reports suggest … Read more