The Ethereum Foundation, the leading organization behind the development of the Ethereum blockchain, has fallen victim to a “Sandwich Attack” that resulted in the loss of around $9,101. The attack was carried out by a Maximal Extractable Value (MEV) bot, which took advantage of the fees market structure on the network. The bot placed two […]
Ripple, the cryptocurrency company, has been returning a significant portion of its unlocked XRP tokens to its escrow system after each monthly release. This move is aimed at supporting the price of XRP. Bill Morgan, a pro-XRP legal expert, explained that if Ripple were to sell all the tokens, it could negatively impact the token’s […]
Shiba Inu’s Ethereum-based layer 2 blockchain solution, Shibarium, has achieved a significant milestone by surpassing one million blocks and three million transactions since its launch in late August 2023. This achievement can be attributed to the Shiba Inu token burn movement, which encouraged investors to migrate from centralized exchanges to Shibarium. The platform’s growth in […]
Sam Bankman-Fried’s legal team is seeking permission to investigate the alleged involvement of FTX lawyers in the issuance of $200 million in loans from Alameda that were approved by Gary Wang. A court ruling had previously barred Bankman-Fried from blaming FTX lawyers for their role in structuring and approving the loans. However, the defense now […]
Bitcoin developer Robin Linus has proposed a new approach called BitVM that would allow for arbitrary computation on the Bitcoin network without the need for a soft fork. This proposal aims to incorporate Ethereum-style smart contracts into Bitcoin, enabling the network to support Turing-complete contracts without disrupting the original protocol. BitVM utilizes fraud proofs and […]
The XRP community is eagerly anticipating a potential settlement between Ripple and the SEC, which could provide regulatory clarity for XRP. Judge Analisa Torres has ordered both parties to engage in a physical settlement discussion before April 16, 2024. This development comes after rumors of a possible settlement have circulated in recent weeks. The prolonged […]
The Ministry of Finance in Cyprus is proposing amendments to the existing Prevention and Suppression of Money Laundering Law in order to align the country with international standards for anti-money laundering and combating the financing of terrorism. The amendments require all service providers working with crypto assets to register with the Cyprus Securities and Exchange […]
Billionaire hedge fund manager Bill Ackman is potentially collaborating with Elon Musk’s X platform, formerly known as Twitter. This unexpected partnership has sparked interest in the cryptocurrency community, particularly regarding its implications for Dogecoin. Currently, Dogecoin is trading at under $0.060 and is the ninth-largest cryptocurrency with a market cap of $8.3 billion. Dogecoin co-founder […]
Decentralized social media protocol Friend.Tech has introduced a two-factor authentication (2FA) security feature in response to recent sim-swap attacks on its users. The 2FA adds an extra layer of protection for users, particularly in cases where their mobile carrier or email service has been compromised. Users will now be required to enter their passwords each […]
Binance’s Industry Recovery Initiative (IRI), which aimed to support the cryptocurrency industry following the collapse of FTX, may not have been as effective as hoped, according to a new report. Binance initially committed $1 billion in its BUSD stablecoins to the IRI, but only spent $15 million before moving the remaining $985 million back to […]
