Day: September 2, 2022

Kyber Network offers bounty following $265K hack of decentralized exchange

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KyberSwap, the decentralized exchange built on liquidity protocol Kyber Network, has offered a hacker 15% of the funds from a $265,000 exploit as a bug bounty. In a Thursday blog post, Kyber Network said a hacker had used a frontend exploit to pilfer roughly $265,000 worth of user funds from KyberSwap. The protocol said it will compensate all users for any missing funds related to the exploit, and directly addressed the hacker to give them an opportunity to return the funds in exchange for “a conversation with our team” and…

Rockdale boom: Bitcoin mining companies move to rural Texas town I FOX 7 Austin

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Rockdale was once home to the largest aluminum plant in the world, run by Alcoa. #FOX7Austin brings you the important stuff like breaking news, weather, and local stories out of Central #Texas. But also plenty of fun stuff, like Pet of the Weekend, the best of our archives, and all those ‘only-in-#Austin’ stories. Subscribe to FOX 7 Austin: Download the FOX 7 Austin News app: Subscribe to the FOX 7 Austin newsletter: More from FOX 7 Austin: Got a news tip? Call…

Bankrupt Crypto Lender Celsius Seeks to Reopen Withdrawals for Specific Customers – Bitcoin News

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Celsius Network Ltd., the crypto lender that filed for Chapter 11 bankruptcy protection on July 13, is looking to release roughly $50 million worth of crypto assets to Celsius custody account holders. Reportedly, the Celsius custody accounts did not participate in the earn and borrow program. A court hearing concerning the matter of relief will take place on October 6. Celsius Files Debtors’ Motion to ‘Reopen Withdrawals for Certain Customers’ Court documents show that Celsius is looking to release roughly $50 million in funds to select customers. The debtors’ motion…

TradFi Investors Will Love Ethereum’s Merge

We know that despite the moribund state of markets, many hedge funds, family offices, venture funds and even pension funds and endowments are looking seriously at the long-term benefits of including crypto in their portfolios. Below I lay out why post-Merge ether could figure prominently in their future allocations. Source

GAIMIN Gladiators Extends Team Roster Moving Into APEX Legends – Press release Bitcoin News

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press release PRESS RELEASE. Zug, Switzerland, 2nd September 2022: With a roster currently comprising DOTA2, Rocket League, Rainbow 6 Siege, GAIMIN is delighted to announce that GAIMIN Gladiators have extended their gaming roster to now include an APEX Legends team. Comprising Hardecki, Leogri3x6 and Artyco along with their coach, Pkmk, this Tier 1 team has already achieved considerable success in APEX Legends and built up an impressive community of followers. Hardeki was the youngest winner in the Esports.gg APEX Legends Awards and was the driving force behind the team’s dominance…

Gaming makes up over half of blockchain industry usage, DappRadar

New data from DappRadar suggests that gaming remains a vital organ to the blockchain industry. According to the report, the gaming sector accounts for approximately 50.51% of industry usage month-over-month (MoM), as per August numbers. While overall the numbers are a good indicator for the sector, it is a decrease from the previous month. Last month the gaming sector made up approximately 57.30% of industry usage (MoM). The data from DappRadar comes from the daily Unique Active Wallets (UAW). According to the surveyor, there are around 847,230 gaming-related UAW active…

The Continued Unraveling of Mark Zuckerberg’s Malicious Metaverse

There are endless reasons for this, but one in particular deserves highlighting. As Kotaku’s reviewer observed, Horizon Worlds is currently packed with hall monitor-like “community guides” keeping watch on what’s going on. From a business perspective, that might be the scariest signal of all, highlighting the risk that Horizon Worlds will be even harder to moderate for offensive or dangerous content and behaviors than Facebook already is. If the “community guides” are a permanent necessity, as 15,000 content moderators still are at Facebook, the whole thing may yet prove fundamentally…

Lido DAO Continues With Strong Bullish Bias, How High Can Price Go?

The price of Lido DAO (LDO) has shown so much strength despite the downtrend across the market, with Lido DAO (LDO) eyeing a rally to its all-time high of $4. Bitcoin’s (BTC) price has shown a little strength bouncing off from key support, leading to most crypto assets popping out from their shell. (Data from Binance) Lido DAO (LDO) Price Analysis On The Daily Chart  LDO token price has shown so much strength creating a higher high after hitting a daily low of $1.6; the price bounced off from this…