Month: September 2023

Ethereum Merge Is One: Here Are The Highlights So Far

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It has been a year since the Merge took place, and as expected, the worldโ€™s second largest cryptocurrency, Ethereum, has experienced many changes since then. What are some of them? Letโ€™s take a look. One Year In: How Has Ethereum Changed? According to a prominent figure in the Ethereum community, Sassal, 980,000 ETH have been burned since Ethereum transitioned from a proof-of-work (PoW) consensus to proof-of-stake (PoS). Ahead of the Merge, Ethereum had implemented a significant upgrade known as the London hard fork. This introduced a fee-burning mechanism with transaction…

What are address poisoning attacks in crypto and how to avoid them?

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Address poisoning attacks are malicious tactics used by attackers who can reroute traffic, interrupt services, or obtain unauthorized access to sensitive data by inserting bogus data or changing routing tables. The integrity of data and network security are seriously threatened by these assaults, which take advantage of flaws in network protocols. This article will explain what address poisoning attacks are, their types and consequences, and how to protect oneself against such attacks. Address poisoning attacks in crypto, explained In the world of cryptocurrencies, hostile actions where attackers influence or deceive…

Polkadot community PolkaWorld halts operations after failed funding bid

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Polkadot community PolkaWorld has announced that it has halted its operations after the communityโ€™s proposal to get funding from Polkadotโ€™s treasury was rejected. The organization raised several concerns about the projectโ€™s treasury management and made several claims in a recent announcement.ย  In a post published on PolkaWorldโ€™s official X (formerly Twitter) account, the organization claimed that the treasury management under Polkadotโ€™s new open governance platform, OpenGov, is affecting long-term contributors to the Polkadot ecosystem. According to PolkaWorld, many organizations are being rejected by the treasury and are leaving the Polkadot…

Toncoin Shows Resiliency With 21% Climb

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Toncoin has seen a noteworthy 20% price increase over the past week, rising from $1.75 on September 9 to $1.95 on September 15, 2023. With a current market valuation of $6.72 billion, this rise has elevated the altcoin to the No. 22 position. Within the cryptocurrency arena, thereโ€™s an unmistakable buzz among market participants as they eagerly seek out the next standout digital asset. This quest is leading to a fascinating shift in the top 20 rankings, as a fresh wave of cryptocurrencies enters the fray. While established tokens appear…

DJ 3LAU causes a stir after opting out of Friend.tech over regulatory risks

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Popular DJ and crypto investor 3LAU (Justin Blau) has caused a stir in the crypto community after suddenly opting out of decentralized social media platform Friend.tech. Explaining the decision, the DJ highlighted concerns over the regulatory risks that the platform may pose. In a Sept. 15 X (Twitter) thread, 3LAU revealed that he stepped away from Friend.tech after โ€œunderstanding more of the risks.โ€ โ€œI think itโ€™s an awesome product, but a bit too risky for me (unfortunately). I will be donating the 8-ish ETH to a music-specific charity that Iโ€™m…

Cardano expands, investors eye Domini.art’s growth

Cardanoโ€™s scaling solutions and proof-of-stake approach serve as a model for projects aiming for long-term stability and success. The crypto market, which has been moving sideways for the better part of August and September, is now recovering and Cardanoโ€™s ADA seems to be riding this wave.ย  Similarly, Domini.art (DOMI), a project focused on the art market, aims to decentralize access and open up the industry to millions. DOMI is gaining traction with an increasing number of investors in its ongoing presale. While ADA might be available at bargain prices, considering…

Mark Cuban’s loses $870K in hot wallet hack

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Nearly $900,000 worth of crypto was reportedly drained from one of the hot wallets belonging to billionaire investor and Dallas Mavericks owner Mark Cuban. Independent blockchain sleuth @WazzCrypto was the first to spot the hack on Sept. 15 at around 8 PM UTC, after they highlighted suspicious behavior happening with one of Cubanโ€™s wallets that the 65-year-old hadnโ€™t interacted with for roughly five months. Lmao, did Mark Cuban’s wallet just get drained? Wallet inactive for 160 days and all assets just moved pic.twitter.com/vWnMZFyHB5 โ€” Wazz (@WazzCrypto) September 15, 2023 According…

SEC accuses Binance US of hampering securities violation probe

The U.S. Securities and Exchange Commission (SEC) has accused Binance US of non-cooperation in a probe into alleged federal securities law violations. The SEC has raised concerns over using Ceffu, a custody service facilitated by the international arm of Binance. They believe this breaches a prior agreement designed to prevent the transfer of assets abroad. The holding company of Binance US, BAM, has reportedly been less than cooperative during the discovery phase, the process where evidence is gathered. According to the SEC, BAM has only submitted around 220 documents, many…

Binance US loses head of legal and chief risk officer

The head of legal, Krishna Juvvadi, and chief risk officer, Sidney Majalya, are leaving Binance US following the recent news on layoffs. According to the Wall Street Journal, the departure of both executives follows the recent exit of its former CEO, CEO Brian Shroder. Juvvadi and Majalaya joined the company in May 2022 and December 2021, respectively. On Sept. 13, Binance US, the American branch of the company, fired one-third of its staff. Recently, Binance has faced regulatory issues worldwide in countries like the Netherlands, Belgium, and Russia. The company…

Remitano allegedly hacked over $2.7 million

Remitano, a Seychelles-based cryptocurrency exchange platform, experienced suspicious transactions on Sept. 14. The platform experienced large withdrawals under suspicious circumstances, with over $2.7 million worth of crypto being drained from its wallet by a single account. Tether has frozen one address the attacker allegedly used, potentially saving $1.4 million of customersโ€™ crypto. ๐ŸšจALERT๐ŸšจOur ML-driven system has detected multiple anomalous transactions with @remitano exchange, resulting in a total loss of $2.7M across 3 chains. we contacted the team to halt any additional losses and initiate efforts to recover suspected stolen funds#CyversAlert…