Blockchain

The Australian Federal Police (AFP) has opened investigations into approval phishing scams that have stolen funds from about 2,000 wallets linked to Australian users. The information was revealed by a Chainalysis probe called ‘Operation Spincaster’ that studied scams of this nature across six countries spanning from May 2021. Scammers have stolen over $4 billion from users globally over the period the blockchain analysis firm investigated. In a blog published by Chainalysis last month, the...

A hacker who grabbed hundreds of millions from 2022’s Nomad bridge hack capitalized on ETH’s price drop to buy large amounts of the asset at a low price. They exchanged 39.75 million DAI for 16,892 ETH on August 5. ETH had dropped by over 20% in 12 hours, going from $2,760 to $2,172, which the hackers took advantage of. Lookonchain, an analytics firm analyzing on-chain activity, posted about the incident on X, “The #Nomad Bridge Exploiter spent 39.75M $DAI to buy 16,892 $ETH an hour ago and...

Team Lead Péter Szilágyi has raised concerns about the future direction of the Ethereum blockchain network. His concerns center around the Ethereum PeerDAS proposal, which includes increasing the size of Ethereum blobs to 32 MB. Szilágyi argues that this upgrade would make it difficult for home stakers, who typically use simpler computing setups, to participate in the network. This, he believes, goes against the decentralized ethos of Ethereum. At this point I’d be happy to proven otherwise,...

Zeebu, the Web3 payments and settlement platform for the telecom industry, announces a new partnership with SilentSwap, the privacy-focused cross-chain aggregator powered by Secret Network. This collaboration aims to enhance privacy and security for transactions, advancing Zeebu’s mission to revolutionize global telecom settlements. Zeebu’s platform, known for its blockchain-based solutions that ensure trustless, frictionless, and superfast global transactions, will now benefit from...

Investors are keeping an eye on The Meme Games, a new meme coin that’s picking up steam this week. The Meme Games (MGMES) has gone viral by combining the fun of sports with blockchain tech. And with its presale approaching $350,000, it seems like the broader crypto community is beginning to take notice. The Unique Concept Behind The Meme Games The Meme Games puts a unique spin on meme coins by incorporating the excitement of sports betting. Here’s the basic idea: Imagine your...

This Year’s Theme: “On the Move” Throughout history, people have left their homes for a variety of reasons and have found themselves in faraway places. This has led to encounters with foreign lands, their inhabitants, their customs, their flora and fauna. Cultural heritage collections are full of artifacts resulting from and bearing witness to those people “on the move”: archival records, travel reports, audiovisual documents, object collections, oral histories etc. These...

Abu Dhabi has officially launched a center dedicated to driving blockchain innovation and establishing the city as a hub for top global events and workshops, connecting industry leaders. The Blockchain Center will also incorporate a venture capital arm to support and invest in Web3 startups. The Blockchain Center aims to encourage the development of the blockchain industry in Abu Dhabi. It aims to make Abu Dhabi one of the key hubs of blockchain innovation, technology, and entrepreneurship...

Aave, a decentralized finance (DeFi) protocol, has demonstrated resilience in the face of a general crypto market downturn. The platform has generated $6 million in revenue amid the current market sell-off. Aave Withstands Market Turmoil Aave’s founder, Stani Kulechov, said in an August 5 post on X that the protocol successfully handled the overall stress across 14 active markets on various Layer 1 and Layer 2 blockchains, securing $21 billion in value. Stani noted that...

Ethereum investment products experienced net outflows of $146 million globally last week, largely due to $169.4 million in outflows from US spot Ethereum ETFs. This figure masks $430 million in net inflows into new Ethereum ETFs, overshadowed by $603 million in outflows from Grayscale’s ETHE fund. Additionally, there were minor outflows observed in European ETPs, according to CoinShares’ report. Bitcoin experienced massive outflows of $400 million, marking the first time in...

Bitcoin’s 24-hour bloodbath has reduced the number of its investors in profit. According to data from blockchain analytics platform IntoTheBlock, the percentage of BTC holders in the green has crashed from 93% in late July to 75% at the time of writing. The significant decline in BTC profitable holders comes as the leading cryptocurrency crashed below $50,000 for the first time since February this year. A Decline in Profitable Bitcoin Addresses The last time the percentage of...