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Tag Archives: News

FBI Warns Cryptocurrency Firms of North Korean Social Engineering Attacks

The FBI has warned about North Korean hackers targeting employees of cryptocurrency and decentralized finance (DeFi) companies. In a public service announcement (PSA) released on Tuesday, the FBI detailed how these state-sponsored attackers use advanced social engineering tactics to infiltrate organizations and steal cryptocurrency. Recognizing this danger is crucial, as the FBI stated that North Korean actors utilize diverse approaches targeting particular DeFi and cryptocurrency...

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Matter Labs Shrinks Workforce by 16% as Zksync Shifts Its Strategy

Matter Labs reduces its workforce by 16% in response to market and business changes. The company promotes decentralization and operational efficiency. Matter Labs, the key developer of Ethereum’s layer 2 scaling technology ZKsync, is laying off 24 employees, or 16% of its staff. This is the first time the organization has had to make such reductions since it was founded in 2018. Restructuring to Meet Evolving Needs The employment reduction is part of a larger organizational reform aimed at...

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Ripple’s CEO Announces Upcoming Launch of RLUSD Stablecoin

During a recent fireside chat at the Korea Blockchain Week in Seoul, Brad Garlinghouse, CEO of Ripple, provided significant updates on the company’s upcoming initiatives. Garlinghouse revealed that Ripple is nearing the launch of its U.S. dollar-pegged stablecoin, known as Ripple USD (RLUSD). The stablecoin is still in private closed beta, though its public release is expected in weeks, not months. This comes after Ripple announced last month that it had begun experimenting with RLUSD across...

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Justin Sun Implements 100% On-Chain Buyback and Burn Mechanism for SunPump

The SunPump community changed its mind about an LP burning mechanism, instead opting for an on-chain buyback and burn mechanism, which Justin Sun agreed to. After hearing the SunPump community out, Justin Sun has decided to implement a 100% on-chain buyback and burn mechanism for the SUN token, memecoin generator SunPump’s native asset. While the initial decision was to integrate an LP token burn mechanism, the community decided against it for various reasons, pushing Sun to choose the...

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Ethereum Co-founder Vitalik Buterin Unlocks 1.26M Starknet Tokens, STRK Price Signals Rebound Ahead

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