A day after Dymension, a Cosmos-based RollApp platform, airdropped 700 million tokens to users, DYM is trading for $5.60—around 58% higher than it was yesterday. It now also has a staggering $5.6 billion fully diluted valuation, according to CoinGecko data. Keep in mind that fully diluted valuation pretends that a coin’s fully supply is circulating in the market, even if…
“In German we say Verwüstung, they have left a trail of destruction behind them,” a verified CoinFLEX creditor told Decrypt, “From CoinFLEX to 3AC and to things like this. It’s a mess!” The creditor met with Decrypt and provided proof of their claims against CoinFLEX, but asked not to be named because of ongoing legal matters. The Open Exchange, or OPNX,…
Artificial Intelligence (AI) technology has been advancing rapidly in recent years. It is expected that its growth trajectory will continue in the foreseeable future. As an investor, have you considered adding AI stocks to your portfolio? With the potential to revolutionize various industries, AI presents a lucrative opportunity for those looking to make smart investment choices. The global AI market…
The Hong Kong General Chamber of Commerce has proposed the issuance of a stablecoin backed by the Chinese yuan. In a statement accompanying proposals for the local government’s upcoming budget address, the business advocacy organization suggested that the government consider the issuance of “RMB stablecoins or stablecoins backed by a basket of different currencies, including RMB, in addition to HKD…
A judge approved a settlement of the counterclaims between bankrupt crypto hedge fund Three Arrows Capital and defunct crypto lender BlockFi yesterday. But the details remain under seal, per New Jersey Bankruptcy Court Judge Michael Kaplan—despite efforts by the U.S. Trustee to argue that there was no justifiable need for a seal on the information, during a court hearing on…
A hacker claims to have accessed a law enforcement system used by clients including crypto exchanges Coinbase and Binance. But none of the parties involved—the security firm that reported it, the company that’s supposedly been compromised, or the crypto exchanges at risk—seem to agree on whether to take the hacker’s threat seriously. Cybercrime intelligence firm Hudson Rock published the claims…
Eigenlayer, an Ethereum layer 2 protocol that allows staked ether (ETH) to be “restaked” to provide security for other blockchains, has seen its total value locked (TVL) nearly double after temporarily lifting a cap that was initially put in place to prevent the network from becoming too centralized. According to data site DeFiLlama, Eigenlayer’s TVL jumped from $2.16 billion to…
Common controls in place to fight financial fraud—anti-money laundering (AML) measures and know-your-customer (KYC) requirements—may have met their match in AI. An underground service called OnlyFake is leveraging “neural networks” to craft high-quality fake IDs, and according to a 404 Media report, anyone can get instantly generated fake IDs with startling realism for just $15, potentially facilitating a range of…
Heroes of Mavia, a recently released mobile strategy game, today launched its MAVIA token and conducted an airdrop to 100,000 players—along with holders of some 10,000 Ethereum NFT land plots in the game. The MAVIA token on Ethereum debuted early Tuesday and has spiked in value, jumping about 36% to a current price of nearly $3.10, per data from CoinGecko.…
The U.S. Securities and Exchange Commission has delayed a decision on another pair of high-profile spot Ethereum exchange-traded funds (ETF). A Tuesday SEC filing shows that Wall Street’s top regulator has pushed back its decision on approving or denying the proposed product from asset management giant Invesco and crypto company Galaxy Digital. The two firms filed their joint application last…
