Inferno Drainer, one of the most popular crypto wallet-draining kits for hire says it is shutting down for good after helping phishing scammers steal nearly $70 million worth of crypto this year. In a Nov. 26 Telegram post, the team behind Inferno Drainer said it was “time for us to move on.” However, it said that the files and infrastructure…
Developers working on the Bitcoin layer 2 Lightning Network have become less security-oriented and more focused on producing cash flow for their investors, argues a former Lightning Network developer. Bitcoin core developer and security researcher Antoine Riard, made headlines last month after leaving the Lightning ecosystem over concerns about a new attack vector called “replacement cycling,” which exploiters could potentially use to steal…
Crypto venture capital firm Paradigm criticized Blast’s protocol marketing strategy, claiming the startup “crossed lines in both messaging and execution.” The VC firm is a seed investor in Blast. The head of research at Paradigm, Dan Robinson, shared a statement on X (formerly Twitter) expressing disagreement about Blast’s decision to launch a bridge before its layer-2 network and to not…
Illuvium is a sci-fi fantasy NFT gaming IP with four games in development: Illuvium Arena, Overworld, Zero, and Beyond. While each of these titles are separate games, they do offer some interoperability and cross-game rewards. The Illuvium team has also released its own Ethereum ERC-20 token, ILV, and its own marketplace, the Illuvidex. There’s also a community-based voting system in…
Bitcoin (BTC) rose above $38,000 on Nov. 24, but the bulls could not build upon this strength. This suggests hesitation to buy at higher levels. Bitcoin is on track to form a Doji candlestick pattern on the weekly chart for the second consecutive week. This signals indecision among the bulls and the bears about the next directional move. With Bitcoin…
Recently announced Ethereum layer-2 scaling network Blast, led by the founder of top NFT marketplace Blur, has pulled in over half a billion dollars worth of locked funds from users seeking yield and rewards—but also faced substantial criticism over its rollout. And now early investor Paradigm has joined the list of parties with issues over the launch. On Sunday, Paradigm…
To navigate the process of buying Bitcoin effectively, it is essential to explore secure options. In the United Kingdom, acquiring cryptocurrencies is legal, yet it can pose challenges, as the government underscores the need to comprehend the associated risks. For an effective traversal of the crypto landscape, investors should follow key steps, including choosing the right crypto exchange or broker,…
A recent court filing suggests that Changpeng “CZ” Zhao’s legal challenges are just beginning, despite pleading guilty to violating the United States Anti-Money Laundering requirements in a settlement with the Department of Justice. Zhao is expected to be sentenced in February 2024. He is currently challenging the government’s efforts to prevent his return to the United Arab Emirates (UAE) while…
Game publishers unleashed most of their heavy hitters in October and November, as massive games like Call of Duty: Modern Warfare III, Super Mario Bros. Wonder, Marvel’s Spider-Man 2, and Assassin’s Creed Mirage commanded huge audiences. December’s release calendar, by contrast, can’t help but look rather thin. But that doesn’t mean it’s empty. In fact, in addition to Ubisoft’s large-scale…
The governing body of Cosmos Hub has endorsed a proposal to decrease the maximum inflation rate of its native token, ATOM (ATOM), from approximately 14% to 10%. As per the proposal, the authorized modification would reduce Atom’s annualized staking yield from around 19% to approximately 13.4%. The Cosmos Hub is the primary blockchain within the Cosmos network, a system of…
