In a Discord post published on Wednesday, Matt Hall, the core developer at Larva Labs, the entity behind the popular CryptoPunks V2 and, initially, CryptoPunks V1 nonfungible tokens (NFT) collections, announced he would be “taking appropriate steps” in the following days regarding the alleged copyright infringement of “both the art and the CryptoPunks name” of the CryptoPunks V1 collection. Normally,…
Wormhole, a protocol that allows users to move their tokens and NFTs between Solana and Ethereum, has gone offline as it investigates an exploit of $254 million in Wrapped Ethereum. According to Wormhole’s Twitter account the network is “down for maintenance” due to a “potential exploit.” But that exploit, pointed out by Paradigm security researcher samczsun, appears to be real.…
On Wednesday, American Youtuber and “internet detective” Coffeezillaa published a recorded interview of himself and disgraced Youtuber Paul “Ice Poseidon” Denino. During the session, Denino allegedly confirmed that he made off with $750 thousand worth of his investors’ money through rug pulling a crypto project dubbed “Cxcoin.” The ordeal started last July, when Denino created the Cxcoin for streamers and…
With Winter Storm Landon expected to hit parts of Texas this week, major crypto mining firms are powering down in anticipation of high demands on the state’s power grid. Speaking to Cointelegraph on Wednesday, Riot Blockchain’s communications director Trystine Payfer said that the company’s data center in Rockdale already had “99% of [its] power currently shut off” since beginning curtailments…
Pop quiz for the crypto diehards out there: What have been the three most significant years for Bitcoin in its 13-year history? If you’re going strictly by price gains per year, 2013—when Bitcoin climbed from $13 to about $1,200, a more than 9,000% gain—would top your list. But ShapeShift founder Erik Voorhees, one of the earliest and most influential people…
Real estate ownership is the core aspiration driving the Modern Serfdom Model. Debt — and in particular, mortgages — is the mechanism that binds the serf to the system. Inflation covertly moves the finishing line further away each year. This is a game that’s impossible to win. The bad news is it’s getting even harder. But there are two pieces…
Operator-led venture capital firms Velvet Sea Ventures and 01 Advisors invested $100 million into Pixel Vault, a large nonfungible token collection of superheroes, to jointly launch the rebranded multi-franchise NFT entertainment company, Pixel Vault Inc. According to Pixel Vault, the aim of the new venture is to leverage NFTs and intellectual property to tell the stories of crypto-native communities across a…
The biggest trend in crypto right now has little to do with Bitcoin or even Bored Apes. It’s cryptocurrency exchanges stockpiling sports partnerships and athlete endorsements. That’s set to reach fever pitch on February 13 during the Super Bowl, the most watched television program in the U.S. each year. Both Crypto.com and FTX have lined up celebrity sponsors and shelled…
Normally, the only way to access one’s crypto funds is through their private key, which, thanks to advances in cryptography, would take nothing less than an advanced futuristic quantum computer to decipher. That said, mafias and gangs have managed to think outside the box. Instead of wasting their efforts on breaking the underlying cryptography, they’ve turned their attention to targeting…
In brief AMC will launch The Walking Dead NFTs via startup Orange Comet. The Walking Dead franchise previously launched NFTs for The Sandbox, an upcoming metaverse game. The popular The Walking Dead franchise is returning to the world of NFTs following an earlier collaboration with The Sandbox. This time around, it’s television network AMC that will produce collectibles based on…
