According to a June 30 report by Web3 security firm Beosin, the total value of cryptocurrencies lost in scams, hacks, and rug pulls amounted to $656 million during the first quarter of 2023. This includes the loss of $471.43 million in 108 protocol attacks, $108 million in various phishing scams, and $75.87 million over 110 rug pulls. For hacks, the…
Earlier today, it was Bitcoin Cash—now, it’s Litecoin. The two cryptocurrencies have received renewed interest from investors since Wall Street-backed EDX Markets listed them last week. Both were arguably fading into obscurity but are now soaring—especially Litecoin, which just reentered the top 10 biggest digital assets by market cap. The Bitcoin fork is up 23.6% in the past 24 hours,…
Polygon Labs, creator of the Polygon (MATIC) network, has proposed an architecture for its forthcoming “Polygon 2.0” project. The team suggested in a June 29 blog post that the new project should be made up of four different ‘layers,’ which will combine to create a web of networks ultimately connected to each other through Ethereum. If approved by validators, Polygon…
DeLabs, the startup behind NFT projects DeGods and y00ts, has launched a cryptic website—inspired by old-school Facebook—ahead of the rollout of its DeGods Season III and y00ts2 content and feature expansions in July. Founder Rohun “Frank” Vora called the site “performance art,” and an alternative to the traditional written roadmap approach. “Roadmaps are stupid,” the website claims. The launch has…
The crypto space has been in an uneven state around the world, with Web3 startups flourishing in the Middle East and Asia, while North American crypto entrepreneurs face challenges under tough macroeconomic and regulatory conditions, according to Animoca Brands CEO Yat Siu. Speaking with Cointelegraph at the Collision Conference, in Toronto, Siu highlighted the main differences between the environment for…
Ethereum co-found Vitalik Buterin has said that he doesn’t like the way U.S. regulators are targeting crypto projects—including his blockchains’s biggest rival Solana. “The one comment I’ll make is that I feel bad that Solana and other projects are getting hit in this way,” he wrote on Twitter Friday when asked by Paradigm co-founder Matt Huang about how he feels…
According to a report by local news outlet Digital Asset, South Korean crypto lending firm Delio is currently under investigation by the country’s Financial Services Commission (FSC) as of June 30. The Commission alleges fraud, embezzlement, and breach of trust related to Delio’s unilateral decision to suspend users’ deposits and withdrawals on June 14. During an extraordinary investors’ meeting on…
Startups in the realm of artificial intelligence (AI) continue to captivate investor interest, raising eye-watering amounts of capital. In a recent example, Runway AI Inc., an AI video startup renowned for its technology that can create a short film from a few lines of text, announced a $141 million funding round. It was led by tech powerhouses like Alphabet Inc.’s…
This story comes from GG. Your Web3 Gaming Power-Up Discover GG Ev.io is a free-to-play, first-person shooter multiplayer browser game that plays like a throwback to classic arena shooters like Quake and Unreal Tournament. It’s a simple test of blasting skill: use your weapons and equipment to “frag” your foes and come out with the most kills. While the game…
In the eyes of the SEC, the recent filings from BlackRock, ARK Invest, Fidelity and other asset managers are not “sufficiently clear and comprehensive.” Source: https://cointelegraph.com/app/public/index.php/news/us-sec-deems-spot-bitcoin-etfs-filings-as-inadequate-report
