Category: Latest news

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Allegations of running pump and dump schemes surface against former head of OpenSea Ventures

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[ad_1] Grave allegations of involvement in pump and dump schemes are gathering steam against the former head of OpenSea Ventures, Kevin Pawlak. According to NFT Ethics, a non-fungible token (NFT) related investigative news account on X, Pawlak has masterminded or been involved in “various very dubious business dealings” as well as pump and dump schemes.…

Stars Arena secures funding to plug $3M shortfall following exploit, will reopen after security audit

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US considering application of Electronic Fund Transfer Act to crypto accounts

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[ad_1] The US Consumer Financial Protection Bureau (CFPB) is evaluating the application of the Electronic Fund Transfer Act (EFTA) to cryptocurrency platforms. The move aims to bolster consumer protections in a market plagued by recent significant hacks on platforms like Axie Infinity, Crypto.com, and FTX. EFTA regulations mandate that electronic fund facilitators inform users of…

Vitalik Buterin proposes two-tier model to address ‘centralization challenges’ in Ethereum staking

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[ad_1] Ethereum’s founder, Vitalik Buterin, unveiled an innovative proposal this week aimed at refining the platform’s staking mechanism. As the world’s second-largest blockchain by market capitalization, Ethereum’s continued evolution is crucial for its vast user base, and these proposed changes aim to bolster decentralization, efficiency, and security. A Decentralized Vision for Staking The primary concern…

Huobi hacker returns 4997 ETH stolen via hot wallet breach, receives $400k bounty

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[ad_1] In a surprising turn of events, the hacker responsible for stealing a large sum of Ethereum from HTX Global, formerly Huobi, has refunded the entire stolen amount for the white-hat bounty offered by the exchange, on-chain sleuth Zachxbt reported Oct. 7. The breach occurred on Sept. 25, with the hacker stealing a total of…

Binance says it will operate under new UK rules despite earlier withdrawal

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‘We don’t want to be asking in 30 years, ‘Who lost crypto?”: Coinbase chief legal officer

Oct 7, 2023

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[ad_1] The U.S. is falling behind in adopting crypto regulations, which could lead to 1 million developer jobs and 3 million other high-paying crypto jobs fleeing overseas, according to Paul Grewal, chief legal officer at Coinbase. In an interview with Kitco News, Grewal said that these jobs are “not rhetorical,” adding: “If these jobs are…

Avalanche project Stars Arena suffers $2.9M exploit, leaving smart contract with just $0.051

Oct 7, 2023

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