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Transit Swap loses over $21M due to internal bug hack, issues apology
Transit Swap, a multi-chain decentralized exchange (DEX) aggregator, lost roughly $21 million after a hacker exploited an internal bug on a swap contract.…
Web3 is the solution to Uber’s problem with hackers
Uber is a staple of the gig economy, for better or worse, and a disruptor that once sent shockwaves throughout the mobility space. Now, however, Uber is being…
NEXO risks 50% drop due to regulatory pressure and investor concerns
Crypto lending firm Nexo is at risk of losing half of the valuation of its native token by the end of 2022 as doubts about its potential insolvency grow in the…
Acala Resumes Operations After Printing Over $3B in Stablecoins by Mistake
Some blockchain projects have to deal with hackers, and others, like Acala, have to deal with their own developers. A “human error” a few weeks…
Global Financial Markets Struggling: Will Bitcoin Become a Safe Haven Asset?
As the British pound collapses, bond prices decline, and interest rates increase, Digital Currency Group CEO Barry Silbert says that bitcoin will become the…
Is BabyDoge Top Dog When It Comes to Memecoins?
Baby Doge Coin, a deflationary memecoin which bills itself as the “world’s best community coin,” is set to launch its own automated market maker (AMM).
With that…
Ripple and Armin van Buuren’s Armada Music to Launch an Album in the Metaverse
The blockchain company Ripple joined forces with the music integration platform Styngr and the record label Armada Music to release an exclusive…
Pantera Capital to Launch a $1.25 Billion Blockchain Fund
The American asset manager that specializes in cryptocurrencies – Pantera Capital – is looking to raise $1.25 billion for its second blockchain…
Stablecoin Economy Continues to Deflate — USDC’s Market Cap Shed $6.7 Billion in 83…
Just over two months or approximately 83 days ago, the stablecoin usd coin (USDC) had a market valuation of around $55.52 billion and since then, USDC’s…
NFT trading volume plunges 98% from January despite rise in adoption
According to data compiled from Dune Analytics, the weekly trading volume of nonfungible tokens, or NFTs, across the blockchain realm has plunged to $114.4…