A security researcher discovered a potential vulnerability that could have resulted in the theft of up to $200 million from three Ethereum-compatible parachains on the Polkadot network: Moonbeam, Astar Network and Acala. The vulnerability was found in June in Frontier, a software used for “wrapping” native tokens on the three blockchain projects on the Polkadot network. The teams behind the […]

Huobi cryptocurrency exchange has confirmed plans to lay off 20% of its employees as part of the ongoing restructuring following Justin Sun’s acquisition of the firm. “The planned layoff ratio is about 20%, but it is not implemented now,” a spokesperson for Huobi said in a statement to Cointelegraph on Jan. 6. The representative emphasized that the allegations on Huobi […]

Crypto wallet MetaMask is ending support for services of Wyre crypto payment platform amid reports of Wyre planning to shut down operations soon. MetaMask took to Twitter on Jan. 5 to announce that it has removed Wyre from its mobile aggregator, which allows users to buy crypto directly through its digital wallet. “We’re currently working on extension removal and appreciate […]

Last year was a big one for crypto venture capital despite multiple high-profile meltdowns and the FUD (fear, uncertainty, and doubt) tsunami that followed. However, the funds may not flow as easily this year, a crypto researcher warns. The number of deals and amount invested by venture firms into Web3 and crypto startups was a little over $30 billion in […]

European Central Bank (ECB) executive board member Fabio Panetta has been a vocal supporter of central bank digital currency (CBDC) and cryptocurrency sceptic, and he presented his latest argument for CBDC on Jan. 5. Writing on the official ECB blog, he said that, by developing CBDCs, central banks “will safeguard the trust on which private forms of money ultimately depend.” […]

Three Arrows Capital (3AC) founders Zhu Su and Kyle Davies were subpoenaed on Twitter on Jan. 5, after the liquidators granted permission from Singapore authorities following a United States bankruptcy court order, according to information given to Cointelegraph by advisory firm Teneo. As reported by Cointelegraph, liquidators’ lawyers have repeatedly failed to engage with the founders in recent months. “A […]

Changpeng Zhao – the man behind famed digital currency exchange Binance – has pledged roughly $2 billion to help save the digital currency arena. Binance Is Looking to Save the Crypto Space The crypto space has been failing as of late. Bitcoin, for example, has lost more than 70 percent of its overall value since it reached its new all-time […]

On Monday (2 January 2023), crypto analytics startup Santiment, which provides tools that make “powerful OnChain, Social & Financial analysis accessible to anyone”, analyzed the behavior of small to medium investors in several popular cryptocurrencies. In a blog post titled “Small Investors in Big Cryptos”, Santiment had this to say about Cardano ($ADA): “In the case of Cardano (ADA), small to […]

US largest crypto trading platform, Coinbase, has agreed to part a total sum of $100 million towards settling its compliance worries with US financial regulators. The sum is reportedly split into two halves, per a New York Times report, with one part as a fine and the other designated as part of commitments to improve internal compliance efforts. Coinbase was […]