In an exclusive interview with Kadan Stadelmann, CTO of non-custodial wallet and atomic swap DEX platform Komodo, we discussed the implications that the upcoming halving might have on Bitcoin and the broader cryptocurrency market. The Bitcoin halving is almost here, and all eyes are on the flagship cryptocurrency. This key event will slash block rewards in half, affecting the premiere cryptocurrency’s supply...
India’s ED is investigating Raj Kundra in a $800m cryptocurrency Ponzi scheme, seizing assets and linking him to a failed Bitcoin mining project. The Enforcement Directorate (ED) is probing Raj Kundra, a prominent businessman and husband of Bollywood actress Shilpa Shetty, concerning a money laundering case linked to a cryptocurrency Ponzi scheme dubbed ‘Gain Bitcoin.’ Notably, Kundra is not the...
On-chain token infrastructure provider Hedgey Finance suffered two exploits as attackers leveraged a bug in its token claims contract. According to alerts from security startup Cyvers, Hedgey Finance was hacked on April 19 across the Ethereum (ETH) and Arbitrutm (ARB) blockchains. Cyvers reported that the first attack was deployed on ETH’s chain, and hackers stole around $1.9...
The TON Foundation team announced the launch of an incentive program dedicated to cooperation with Tether. According to a recent post, 11 million Toncoin (TON) have been allocated to reward early USDT users in the TON network. The campaign aims to encourage the adoption of the stablecoin online. “USDt on TON will be accompanied by fully integrated...
Federal Bureau of Investigation officials warn the public about the spread of Akira ransomware. According to an FBI statement, Akira Bitcoin (BTC) ransomware caused multi-million dollar losses to various companies and organizations in North America, Europe, and Australia. Malicious software gains access to enterprise infrastructure through a VPN, accessing software without multi-factor authentication. Akira then steals confidential data and...
Grayscale’s spot Bitcoin ETF continued a five-day outflow sprint leading to the halving, a code change that occurs every four years to help maintain BTC scarcity. Data gathered by SoSoValue showed $89.9 million in Grayscale exits, bringing GBTC’s total net outflows to $1.6 billion since trading opened back in January. For all 10 spot Bitcoin (BTC) ETFs, cumulative outflows...
Nana Murugesan, the ex-Coinbase executive responsible for international expansion, has joined Matter Labs as president to drive the growth of the zkSync technology. A former executive at Coinbase Global, Nana Murugesan, who was responsible for spearheading the exchange’s global expansion initiatives, has joined Matter Labs, the developer of the zkSync technology, as the inaugural president. In an interview with Bloomberg, Murugesan expressed his...
Emin Gün Sirer of Ava Labs says Avalanche was never marketed as an “Ethereum killer,” stressing though its ability to deploy independent blockchains, unlike Ethereum. The head of Ava Labs, Emin Gün Sirer, says Avalanche “was never ever” designed to be an “Ethereum killer,” adding that the definition was developed by marketing managers at Consensys, a blockchain tech firm...
The Arkansas State House has approved two bills that could see a ban on crypto mining activities within the state. At present, the bills are still under consideration and have yet to progress to full-fledged legislation; they establish the framework for further discussions leading to potential legislation. On April 17, senators held a Senate hearing to discuss general concerns...
Leading crypto exchange, Binance has announced a new airdrop and web3 quest platform dubbed Megadrop. Announced on April 18, Megadrop is primarily a token launch platform that will host airdrops and Web3 quests by integrating the Binance Simple Earn program and the Binance Web3 Wallet. The goal, per Binance, is to make the airdrop experience more engaging for...
