Decentralized exchange LeetSwap, which operates on Coinbase’S Base network has announced a sudden pause to trading, citing concerns of a potential exploit. LeetSwap tweeted on Aug. 1 that it noticed some of its liquidity pools may have been compromised and has temporarily able stopped trading to investigate. Algorithmic market maker Wintermute’s research head Igor Igamberdiev was among those sharing theories…
Yuga Labs accelerates Otherside pla Nonfungible token (NFT) conglomerate Yuga Labs has agreed to acquire the metaverse-building startup Roar Studios as Yuga looks to bolster its Otherside metaverse. Yuga tweeted the news on July 31 saying the impending acquisition was to “execute our expansive vision” for Otherside. An accompanying release said Roar Studios’ founder and chief Eric Reid will join…
Binance CEO Changpeng ‘CZ’ Zhao is looking to bring smaller algorithmic stablecoins to the market, in a bid to offer investors options other than the current global stablecoin giants. Speaking in a July 31, ask me anything (AMA) session on Twitter, CZ cited risks associated with large stablecoins such as Tether (USDT) and Binance USD (BUSD), saying that while Tether…
After a mystery developer pulled all of the liquidity out of the BALD meme coin on Ethereum layer-2 network Base on Monday, some blockchain watchers say the wallets being used by the culprit point toward former FTX CEO Sam Bankman-Fried—currently under house arrest and with limited access to the internet. “[The] BALD dev is like 90% SBF or an Alameda…
A United States Securities and Exchange Commission (SEC) lawsuit against Terraform Labs is set to go ahead after a U.S. judge overseeing the case denied the firm’s motion to dismiss on July 31. In handing down the order, the judge also rejected a decision from another judge who ruled that Ripple did not violate securities laws based on their manner…
Institutional investors are more interested in the crypto world than ever before—and now they’re putting their money where their mouth is. Some are wondering, however, whether Bitcoin may lose its raison d’être as a result. BlackRock, the world’s biggest asset manager, couldn’t be more mainstream. Managing $9 trillion, the well-connected Wall Street firm is the epitome of “the establishment.” Yet…
In a high-stakes ruling for the crypto industry, U.S. District Judge Jed Rakoff on Monday denied Terraform Labs’ motion to dismiss the securities fraud lawsuit filed against it by the Securities and Exchange Commission. The decision allows the SEC’s case against Terraform Labs and its founder Do Kwon to move forward, rejecting defense arguments that the agency lacked jurisdiction and…
Smart contracts have reshaped the possibilities of what blockchain and crypto can achieve, and we can all acknowledge that. That doesn’t mean they’re the be-all-end-all solution to widespread adoption. Being overzealous about any kind of innovation can also contribute to its stalling, or even failure if other factors don’t align. The mentality of assuming new technology is perfect and wondering…
In a move that would make Optimus Prime proud, Hasbro—the entertainment company behind Transformers, G.I. Joe, and My Little Pony—is reportedly working on bringing artificial intelligence to the classic sword and sorcery game Dungeons & Dragons. According to a report by Gizmodo, the deal with Italian gaming company Xplored would allow Hasbro to implement AI tools that would be used…
As crypto’s decentralized finance ecosystem quaked on Sunday amid $52 million stolen from Curve Finance, one trading bot jumped into the fray. Its mission: copy the attackers-at-large, secure millions of dollars in crypto before it’s gone, and then give it all back in an apparent white-hat intervention. An issue with the programming language Vyper, used for writing smart contracts on…
