A new report released from CoinGecko uncovered the places around the world most interested in the upcoming Ethereum Merge. The data found Singapore as the most interested country worldwide and by a large margin at that. Singapore scored 377, which is nearly 100 points higher than the second place nations, Switzerland and Canada, both tied at 286 point. Germany, the…
The company behind .eth domain name provider Ethereum Name Service (ENS) filed a lawsuit against GoDaddy, Dynadot, and Manifold Finance in the state of Arizona Monday. True Names Ltd., along with the still-imprisoned Virgil Griffith, filed the suit because of how GoDaddy allegedly violated an agreement to “respect, acknowledge, and protect” the eth.link domain name. True Names, the nonprofit that…
DeFi dapps showed a slight recovery for the first time since May, with the daily average of unique active wallets (UAWs) increasing 3.7% on a month-over-month basis, according to a report from DappRadar. The rise was partially driven by the Flow protocol, which rose 577% UAW due to Instagram’s support of its NFTs and the game Solitaire Blitz. On the other hand,…
Metaverse platform The Sandbox saw its Instagram profile hacked and used to try and rent out Bored Ape Yacht Club nonfungible tokens (NFTs) from a number of users on the social media platform. The voxel-powered NFT platform’s profile was compromised by hackers on Thursday, promoting a fabricated raffle ticket event that touted a season 4 LAND giveaway to unsuspecting users.…
According to a new lawsuit filed in the U.S. District Court, Western District of Texas. On Thursday, six users of the Ethereum blockchain and cryptocurrency mixer Tornado Cash sued the U.S. Department of Treasury, alleging that its recent designation of 44 Tornado Cash smart contract addresses to the Specially Designated Nationals (SDN) list of the Office of Foreign Asset Control…
The Biden administration is concerned about digital currency mining operations affecting climate change, after the U.S. Office of Science and Technology Policy published a report that says politicians should take action against crypto mining. The federal government’s entity recommends the Biden administration should encourage more research about mining’s electricity consumption and codify public policy for the entire mining industry. Office…
Members of the House Committee on Financial Services have called for Federal Reserve vice chair Lael Brainard to clarify her position on a central bank digital currency ahead of deadlines set by United States President Joe Biden’s executive order on digital assets. In a Wednesday letter addressed to Brainard, 24 Republican lawmakers including ranking member Patrick McHenry, requested the Fed vice…
On Thursday, blockchain forensics firm Chainalysis said that law enforcement had recovered $30 million in crypto stolen from the $625 million Ronin Bridge hack in March. According to Chainalysis, Lazarus Group, the North-Korea linked entity behind the attacks, first used sophisticated money-laundering techniques such as sending stolen Ether (ETH) to crypto-mixer Tornado Cash, swapping it for Bitcoin (BTC), sending theBitcoin…
In brief More than $30 million worth of cryptocurrency stolen from Axie Infinity’s Ronin network has been recovered by investigators, Chainalysis said. Crypto in the March attack was valued at $552 million at the time, but now is worth about $307 million amid a crypto market decline. Axie Infinity’s Ronin network exploit ranks as one of the largest DeFi hacks…
Decrypt-O’s Ep. 1: Tornado Cash Privacy Fears, Bored Ape VMAs Hate, Sheriff Gensler Eat your Decrypt-O’s! In the debut episode, Sander Lutz hits the street to ask people about their privacy concerns in the wake of the government’s Tornado Cash crackdown; Kate Irwin shares headlines on the wackiest Web3 stories, from Crypto.com sending a woman $10 million by accident to…
