StarkWare to Boost Bitcoin with $1M R&D Fund
StarkWare, the trailblazer behind the renowned Ethereum layer-2 solutions StarkNet and StarkEx, has unveiled an ambitious initiative to amplify Bitcoin’s capabilities using zero-knowledge rollups. In a significant move to advance this goal, the Israeli-based company announced a $1 million research and development fund on Tuesday. Eli Ben-Sasson, CEO and co-founder of StarkWare, expressed his vision […]
FTX Nears $200M Settlement with IRS
Bankrupt cryptocurrency exchange FTX is on the verge of settling a $24 million claim from the U.S. Internal Revenue Service (IRS) for a substantial $200 million. This proposed settlement, still awaiting court approval, would address one of the more complex and substantial claims within the myriad of legal challenges amounting to billions of dollars that […]
Massive $300 Million Bitcoin Heist at DMM Bitcoin
Japanese cryptocurrency exchange DMM Bitcoin announced that approximately $300 million worth of Bitcoin has been stolen from its primary wallet. This incident marks one of the largest hacks in the digital asset industry in recent years. On Friday around 1:30 PM local time, DMM Bitcoin detected an “illegal leak” of some 4,503 BTC, valued at […]
Hamster Kombat: The Next Big Crypto Game on Telegram
Hamster Kombat, a new entrant in the rapidly growing arena of crypto games on Telegram, is preparing to make waves with its upcoming token launch on The Open Network (TON). Since its debut in March, this crypto management simulation game has quickly amassed a staggering 60 million users, becoming the platform’s largest game with a […]
Franklin Templeton Sets Low Fee for Ether ETF
Franklin Templeton has taken a groundbreaking step in the competitive landscape of cryptocurrency funds by announcing an incredibly low management fee for its upcoming Ether spot ETF. This move is set to shake up the Ether ETF market significantly. In a recent S-1 filing with the Securities and Exchange Commission (SEC), Franklin disclosed that the […]
NORMIE Coin Plummets After Suspected Insider Exploit
The cryptocurrency world witnessed a dramatic plunge as NORMIE, a memecoin on the Ethereum layer 2 network Base, saw its value drop by 99% within minutes. This severe drop resulted from an exploit that drastically inflated the token’s supply, erasing $40 million from its market cap. The incident was dissected by a pseudonymous crypto trader […]
Uniswap Nears Vote on Protocol Fee Changes
The Uniswap community is poised to vote this Friday on a pivotal proposal concerning the activation of protocol fees in V3 pools. This comes as the Uniswap Foundation, a nonprofit dedicated to supporting the decentralized exchange’s expansion, has publicly disclosed its financial standing as of the first quarter. As reported, the Foundation is in possession […]
TON’s TVL Surpasses $300 Million Milestone
The Open Network (TON), a blockchain initially conceived by the popular messaging platform Telegram, has witnessed a remarkable surge in its total value locked (TVL), crossing the $300 million mark for the first time. This represents a significant increase, over tenfold, from $23 million in early March to a robust $315 million, according to data […]
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