I promised Twitter I would write about proof-of-stake and proof-of-work for this newsletter, but my computer (which kept restarting uncontrollably for a couple of days) and my immune system (which …
Axie Infinity CEO Denies Accusation of Insider Trading
Trung Nguyen – Co-Founder and CEO of Axie Infinity – said the accusations against him of being engaged in insider trading are “baseless and false.” However, he admitted transferring $3 million worth …
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The rise of fake cryptocurrency apps and how to avoid them
Scammers have been taking advantage of blockchain’s decentralized and immutable nature to swindle crypto investors since the advent of the technology. And, according to the latest FBI fraud report, …
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Nearly 75% of retailers plan to accept cryptocurrency payments within the next 2 years
From Starbucks to Lamborghinis, consumers are using cryptocurrency to pay for a variety of goods — and retailers are taking notice. Nearly 75% of retailers plan to accept either cryptocurrency or …
Crypto’s nightmare scenario is here
While Coinbase’s problems with the SEC have flared up just in the past week, they represent the exact scenario that has been keeping crypto executives up at night for far longer. In fact, Coinbase …
Solana-based Nirvana loses $3.5M to flash loan exploit; tokens tank 90%
Solana-based DeFi protocol, Nirvana Finance lost $3.5 million to a flash loan attack on July 28. The attack resulted in Nirvana’s native token ANA losing 85% of its value. The token’s price fell from …
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Proof of Work vs. Proof of Stake: Ethereum’s Recent Price Surge Shows Why the Difference Matters
Ethereum’s price surged by more than 40% in mid-July following an announcement by the second-largest blockchain. If you didn’t catch it at the time, you might wonder what kind of announcement has such …
Hackers Force a $4B Question: Can DeFi Ever Be Safe?
Yet another decentralized lending and algorithmic stablecoin protocol was hacked yesterday, with $3.5 million stolen from its treasury via what appears for now to be a one-off exploit. As a result, …
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Bitcoin and Ethereum up over 10% amid recession fears
Bitcoin is trending upward, currently trading at around $23,703. In the last 24 hours, the largest cryptocurrency by market value popped over 10%, according to CoinGecko, reacting positively after the …
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Kraken, a U.S. Crypto Exchange, Is Suspected of Violating Sanctions
Kraken, one of the world’s largest cryptocurrency exchanges, is under federal investigation, suspected of violating U.S. sanctions by allowing users in Iran and elsewhere to buy and sell digital …
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