Wormhole, a protocol that allows users to move their tokens and NFTs between Solana and Ethereum, has confirmed that it suffered an exploit of 120,000 Wrapped Ethereum, worth over $320 million—higher than the $250 million originally suspected. “ETH will be added over the next hours to ensure wETH is backed 1:1,” it posted on Twitter, adding: “We are working to…
Cryptocurrency exchange FTX has announced the acquisition of Liquid, which operates a regulated Japanese exchange, Quoine. The two companies “expect to work together to provide products and liquidity to clients in the Japanese and global markets.” FTX Acquiring Liquid to Provide Services to Japanese Customers Crypto exchange FTX is entering the Japanese crypto market. FTX CEO Sam Bankman-Fried tweeted Wednesday:…
The crypto market is once again in the red on Feb. 2 as global financial markets continue to see increased volatility. Data from Cointelegraph Markets Pro and TradingView shows that after spending the morning hovering around $38,200, BTC was hit with a wave of selling that pushed the price to $36,800. BTC/USDT 1-day chart. Source: TradingView Here is what several…
In a Discord post published on Wednesday, Matt Hall, the core developer at Larva Labs, the entity behind the popular CryptoPunks V2 and, initially, CryptoPunks V1 nonfungible tokens (NFT) collections, announced he would be “taking appropriate steps” in the following days regarding the alleged copyright infringement of “both the art and the CryptoPunks name” of the CryptoPunks V1 collection. Normally,…
Wormhole, a protocol that allows users to move their tokens and NFTs between Solana and Ethereum, has gone offline as it investigates an exploit of $254 million in Wrapped Ethereum. According to Wormhole’s Twitter account the network is “down for maintenance” due to a “potential exploit.” But that exploit, pointed out by Paradigm security researcher samczsun, appears to be real.…
On Wednesday, American Youtuber and “internet detective” Coffeezillaa published a recorded interview of himself and disgraced Youtuber Paul “Ice Poseidon” Denino. During the session, Denino allegedly confirmed that he made off with $750 thousand worth of his investors’ money through rug pulling a crypto project dubbed “Cxcoin.” The ordeal started last July, when Denino created the Cxcoin for streamers and…
With Winter Storm Landon expected to hit parts of Texas this week, major crypto mining firms are powering down in anticipation of high demands on the state’s power grid. Speaking to Cointelegraph on Wednesday, Riot Blockchain’s communications director Trystine Payfer said that the company’s data center in Rockdale already had “99% of [its] power currently shut off” since beginning curtailments…
Pop quiz for the crypto diehards out there: What have been the three most significant years for Bitcoin in its 13-year history? If you’re going strictly by price gains per year, 2013—when Bitcoin climbed from $13 to about $1,200, a more than 9,000% gain—would top your list. But ShapeShift founder Erik Voorhees, one of the earliest and most influential people…
Real estate ownership is the core aspiration driving the Modern Serfdom Model. Debt — and in particular, mortgages — is the mechanism that binds the serf to the system. Inflation covertly moves the finishing line further away each year. This is a game that’s impossible to win. The bad news is it’s getting even harder. But there are two pieces…
Operator-led venture capital firms Velvet Sea Ventures and 01 Advisors invested $100 million into Pixel Vault, a large nonfungible token collection of superheroes, to jointly launch the rebranded multi-franchise NFT entertainment company, Pixel Vault Inc. According to Pixel Vault, the aim of the new venture is to leverage NFTs and intellectual property to tell the stories of crypto-native communities across a…
