Tag: blockchain news

Aug 11 2022

Robinhood To Face US Market Manipulation Claims Over “Meme Stock” Rally : Reuters Report

TL;DR According to a U.S judge, the stock trading platform Robinhood Markets Inc should face market manipulation claims. This lawsuit was one of many brought against the platform after it temporarily barred customers from purchasing stocks back in Jan 2021, such as GameStop and AMC. Robinhood prices surged in May after the CEO of FTX SBF announced that he had purchased stake in...

Aug 10 2022

Crypto Criminals Laundered Another Half-A-Billion: Details

Aug 10 2022 Published at Coingape under tags  bitcoin price analysis blockchain news news

As per the CNBC report, criminals used the cross-chain bridge RenBridge to launder more than $540 million since 2020, in crimes related to crypto cash, reported blockchain analytics firm Elliptic. This includes a staggering $153...

Crypto Exchange Coinbase Reports $1 Billion Loss in Q2, COIN Stock Tanks 10%

On Tuesday, August 9, crypto exchange Coinbase (NASDAQ: COIN) reported its earnings for the second quarter of 2022. During Q2, the company reported a loss of a staggering $1 billion. Coinbase's loss per share stood at...

Aug 09 2022

CurateDAO launches Pinterest- like database platform on Avalanche blockchain

CurateDAO has launched a new platform on the Avalanche blockchain known as “curate-to-earn” where participants can earn by contributing to databases. The CurateDAO team announced that they have launched a database platform resembling Pinterest on the Avalanche (AVAX) blockchain. Users may receive cryptocurrency tokens as payment for completing tasks, much as other "to-earn" business models. […] The post...

Aug 07 2022

Metaverse Faces A Severe Real-Estate Meltdown, Job Postings Tank 81% in Q2 2022

Aug 07 2022 Published at Coingape under tags  bitcoin price analysis blockchain news news

Metaverse was the hot topic during the crypto bull run of 2021, especially as social media giant Facebook made a massive pivot to the virtual world. However, the real estate market in the...

Aug 04 2022

SOL Hack Update: Exploit Allegedly Tied To A Slope Finance Bug; Slope Reacts

Pandemonium spread within the crypto community from the early hours of August 3 till the close of the day, due to the multimillion dollar...

Solana’s SOL Is The Most Underrated Token: FTX CEO Sam Bankman Fried

FTX CEO Sam Bankman-Fried believes Solana is the most underrated token His comments have come at a time when the network is battling an intense hack that resulted in draining $8 million worth of user funds. In an interview with Fortune, FTX exchange CEO Sam Bankman Fried outlined his opinions on Solana cryptocurrency. He further added how he believes Solana is the most...

Aug 02 2022

Coinbase-backed cross-chain protocol Nomad hacked in a $150 Million Exploit

Aug 02 2022 Published at Coingape under tags  bitcoin price analysis blockchain news news

On Monday evening, attackers exploited the cross-chain blockchain protocol Nomad, the latest among several bridge exploits this year. Although the exact amount isn't confirmed, reports suggest that the hackers stole anywhere north...

Jul 31 2022

Amid Crypto Winter, Crypto Hardware Wallet Maker Ledger Seeks Fresh Funding

Although the crypto market has bounced back recently in the last two weeks, the signs of 'crypto winter' are not entirely over. With the regulatory onslaught, funding in the crypto space has shrunk considerably. Despite the current headwinds, crypto hardware wallet maker Ledger is looking to raise a minimum of $100 million in fresh funding The post Amid Crypto Winter, Crypto Hardware Wallet...

Jul 30 2022

Breaking: Ethereum Founder Vitalik Buterin’s Idea For Ultra Secure Blockchain

Vitalik Buterin, the founder of Ethereum has proposed a solution to build an...

Jul 28 2022

Harmony Team to Return to the Drawing Board After Plan to Mint Billions of ONE Causes a Stir in the Community

Summary: Harmony founder, Stephen Tse, has responded to community concerns over the recent reimbursement proposal involving the minting billions of ONE. Mr. Tse states that he has noted the community's suggestions and met with the team to discuss a way forward. The Harmony team will return to the drawing board to develop additional proposals. The team at Harmony (ONE) has announced via Twitter...

Jul 27 2022

Harmony Proposes Hard Fork, Minting of Billions of ONE to Make Hack Victims Whole

Summary: The Harmony Protocol team has proposed a reimbursement plan that involves hard-forking the chain. The plan involves two options: minting 4.97 billion ONE for full reimbursement or 2.48 billion ONE for 50% reimbursement. The minted ONE will then be distributed within three years. The team at Harmony protocol has proposed a reimbursement plan to make whole its community members affected by the...

Algorand (ALGO) CEO Exits from the Blockchain Project, To be Replaced by Current COO

Summary: Algorand's CEO, Steven Kokinos, has left the blockchain project to pursue other interests. Mr. Kokinos will stay on at Algorand as a senior advisor until mid-2023. Algorand's current COO, Sean Ford, will serve as interim CEO effective today, July 27th. Algorand's (ALGO) CEO, Steven Kokinos, has left the blockchain project to pursue other interests. Mr. Kokinos' role at the helm of Algorond...

Jul 26 2022

Helium – The Saviour Of Web 3 Or A Speculative Bubble?

Jul 26 2022 Published at Coingape under tags  blockchain news helium news solana

Entrepreneur and author Liron Shapira has accused Helium Network to be a speculative bubble. As Shapira pointed out, Helium has often been cited as one of the most impressive use cases for blockchain outside crypto. The State of Crypto report by the venture capital firm, Andreessen Horowitz or a16z, highlighted the importance of Helium to...

Jul 22 2022

Why Vitalik’s Plan After Ethereum Merge Could Revolutionize The Industry.

Ethereum co-founder, Vitalik Buterin, announced the next phase of Ethereum ecosystem development at the Ethereum Community Conference. Revealing that the long-awaited merge will only complete about 55% of Ethereum’s growth plan, Buterin released 4 other phases. The Surge, Verge, Purge and Splurge phrases would allow Ethereum to process about 100,000 transactions per second. The Plan...

Jul 18 2022

Gemini Crypto Exchange Reportedly Lays Off An Additional 7% of Its Staff

Summary: Gemini exchange has allegedly laid off 7% of its staff, with potentially more on the way. The crypto exchange is laying off staff due to 'extreme cost-cutting.' This marks the second round of lay-offs after Gemini reduced its workforce by 10% in early June. The Gemini crypto exchange founded by the Winklevoss brothers has reportedly laid off 68 members of its staff,...

Jul 14 2022

Sandbox Partners With Tony Hawk To Build the Largest Skatepark in the Metaverse

Summary: Sandbox has announced a partnership with the skateboarding legend Tony Hawk to build the biggest skatepark in the Metaverse. Autograph NFTs will provide additional access to Tony Hawk's LANDs on Sandbox. Sandbox has bagged significant Metaverse-based partnerships this month with Playboy, Sout Korea's KEB Hana Bank, and the Bushidos NFT project. Sandbox has announced a partnership with skateboarding legend Tony Hawk to...

Jul 13 2022

Shanghai Aims To Achieve $446 Bln Digital Economy Through Web 3

Jul 13 2022 Published at Coingape under tags  blockchain blockchain news news web 3.0

The Shanghai Municipal People’s Government laid down its 14th five-year plan for the development of Shanghai’s digital economy. Shanghai is considered the financial capital of China. The policy paper highlights a roadmap for the development of blockchain technology to power Shanghai’s digital future. It also lays down the government’s plans to construct NFT trading platforms...

Jul 12 2022

Binance CEO Faces Flak Over “Irresponsible” Uniswap Tweet, Here’s Why

Jul 12 2022 Published at Coingape under tags  blockchain news cz binance news uniswap (uni)

Binance CEO, Changpeng ‘CZ’ Zhao, tweeted about what he believed to be a potential exploit on the Uniswap V3 protocol on the Ethereum blockchain. He revealed that the hacker had already stolen about 4295 ETH, and was using Tornado Cash to launder the proceeds. CZ used the tweet to notify Uniswap, who he claimed was...

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