Cointelegraph By Zhiyuan Sun
On June 4, the popular nonfungible token, or NFT, project Bored Ape Yacht Club (BAYC) suffered its third security compromise this year. Nearly 142 Ether (ETH) ($250,000) worth of NFTs was stolen after hackers gained access to the Discord account of a BAYC community manager and posted a message...
On Monday, IRA Financial Trust, a platform providing self-directed digital asset retirement and pension accounts, filed a lawsuit against cryptocurrency exchange Gemini for alleged negligence in safeguarding customers' digital assets during a critical exploit. The firm's client accounts were held in Gemini's custody. On February 8, a breach...
In a new consultation paper published on Tuesday, the Treasury of the United Kingdom proposed a new set of regulatory changes for the stablecoin industry. In its report, the Treasury highlighted the importance of stablecoins in innovation but also noted their ability to impact financial stability should systemic failures...
According to local news outlet Shanghai Securities News, the city of Shenzhen will airdrop 30 million digital Chinese yuan (e-CNY) to local residents in an attempt to revitalize consumer spending. The airdrop is a joint effort between the city of Shenzhen and Meituan Dianping, China's leading food delivery app....
On Wednesday, LayerZero Labs, a firm that develops protocol to enable omnichain decentralized applications, or dApps, to span multiple blockchains, announced that it raised $135 million in its latest funding round. The deal values LayerZero Labs at $1 billion and will accelerate the development of its namesake protocol.The...
On Wednesday, DeFi Technologies announced that its subsidiary Valour reached $274.2 million in assets under management. The company offers various cryptocurrency-denominated exchange-traded products, or ETPs, listed on European exchanges.Cointelegraph previously reported that Valour launched two such ETPs involving Uniswap (UNI) and Polkadot (DOT) last year. For each exchange-traded...
According to Axie Infinity's official Discord and Ronin Network's official Twitter thread, along with its Substack page, the Ronin bridge and Katana Dex have been halted after suffering an exploit for 173,600 Ethereum (ETH) and 25.5 million USD Coin (USDC), worth a combined $612 million at Tuesday's prices....
According to local news outlet Arabian Business, Citizens School, located in Dubai, will accept tuition payments denominated in Bitcoin (BTC) or Ethereum (ETH). Payments using digital assets are facilitated via an unnamed processing platform and are automatically converted into United Arab Emirates Dirhams (AED). Dr Adil Alzarooni, the...
On Tuesday, centralized cryptocurrency exchange Binance announced the rollout of Binance Bridge 2.0. The feature enables users to bridge assets from any blockchain, including tokens not listed on the Binance app, to the BNB Chain. Bridged tokens listed on Binance will be stored in the Funding or...
Meta, formerly Facebook, has filed eight trademark applications with the United States Patent and Trademark Office, or USPTO, relating to blockchain technology and its proposed metaverse. The applications and their fields of interest are as follows, organized by serial number:97320155: Online social networking and dating services, including a...
