Tag Archives: AA News

The week started on a grim note following the large-scale theft of digital assets from Atomic Wallet users resulting in a six-figure loss across different chains. Distraught users have taken to Twitter to challenge some of the Atomic Wallet’s claims after the company assured them that it is working with “leading security companies” and has reached out to organizations that can help trace the stolen funds. Largest Victim Lost ~$8M According to pseudonymous on-chain sleuth...

San Francisco-based wallet-as-a-service (WaaS) provider Magic has raised $52 million in a strategic funding round led by PayPal Ventures bringing the firm’s valuation to just under $500 million. Other participants of the fund round include Cherubic, Synchrony, KX, Northzone, and Volt Capital. The latest capital infusion will be deployed to expand Magic’s functionality and enable growing use cases. The focus will also be on making a deeper integration within the European Union...

John Forsyth, a Missouri emergency room doctor, crypto advocate, and co-founder of crypto project Onfo (ONFO), was recently found dead in northwest Arkansas after being reported missing for over a week. The 49-year-old man was last heard from on May 21 through text messages with his fiancée. Authorities told the deceased’s brother Richard Forsyth that John’s corpse was found on Tuesday. ONFO Coin Co-Creator Mysteriously Found Dead The Forsyth brothers created the ONFO coin in...

A new report by blockchain security company Beosin revealed that the total amount of crypto assets lost to exit scams and rug pulls was higher than the amount stolen from decentralized finance (DeFi) projects through exploits and attacks last month. Beosin also discovered that losses from the exploits in May were down 79% compared to April, signaling a continued decline for two consecutive months. Losses From Rug Pulls Surpass DeFi Exploits Over $45 million was lost to crypto...

Meme coins have had a long-lasting impact on the cryptocurrency market as they’ve been cemented into the crypto culture and become an inseparable part of the industry. It all seemingly started with the pioneer Dogecoin (DOGE) back in 2013 when Jackson Palmer and Billy Marcus launched the protocol, giving birth to a subsection of crypto that would be amongst the most explosive ones. PEPE coin seems to be the latest considerable iteration of the meme coin trend, and it also...

The non-custodial decentralized crypto wallet Atomic Wallet – with a reported user base of over five million customers – said some of its users complained about having their digital assets drained. Later reports suggested that numerous users had six figures worth of crypto wiped out, while the largest victim lost nearly $3 million worth of Tether (USDT). The team behind the wallet took it to Twitter yesterday to inform that some users complained about having their accounts...

This year, Ethereum’s network officially transitioned to a Proof-of-Stake consensus algorithm, leaving Proof-of-Work forever behind. One of the multiple implications The Merge has had on the protocol is that there are no longer Ethereum miners. Validators secure the network now, and the path to becoming one is supposed to be tremendously simplified – deposit 32 ETH to the staking contract and run the appropriate software. But it turns out that there’s quite a queue for...

The cryptocurrency industry continues to comingle with that of artificial intelligence in what is reported as a new deal between tech heavyweight Microsoft and former Ethereum miner – CoreWeave. According to recent coverage by CNBC, Microsoft has signed a deal with the former Ethereum miner – CoreWeave. It’s worth noting that CoreWeave has spun up its usage of cloud computing infrastructure from Ethereum mining and is currently one of the rapidly developing providers. It...

The cryptocurrency industry has been widely impacted by the advance in artificial intelligence technology. More specifically, the increasing po polarity of AI-based chatbots like ChatGPT and Google Bard has spawned a subsection of cryptocurrencies themed around that field. There is a myriad of coins in the market that saw exponential growth because of the soaring interest in AI. We’ve also tapped ChatGPT on numerous topics, such as: And while it’s exciting to chat with an AI...

Long-term gold proponent and arguably the most popular full-time Bitcoin basher – Peter Schiff – has had his Twitter account comrpomised. According to Blockfence, Peter Schiff’s Twitter account has been compromised and hijacked. The perpetrator already published a tweet that leads to a phishing website. It’s advised not to click or interact with the link. ⚠️Warning⚠️@PeterSchiff‘s twitter got compromised. Scammers are using it to promote a fake $GOLD presale. However, note...