Breaking: Web3 platform Galxe is hacked, multiple users report lost funds

Web3 platform Galxe has experienced a security breach, leading to multiple users losing access to their funds and wallets. The breach appears to have occurred through a DNS account conducted via the platform’s domain nameservers on Dynadot. Key Takeaways Galxe, a prominent web3 community-building platform, has fallen victim to a significant security breach. A growing number of users are reporting …

Continue Reading

Is Polylang a Game Changer for Polygon Midden Smart Contracts?

Taiwanese legislators plan to draft a special cryptocurrency law by November 2023, emphasizing the need for a unique regulatory framework for crypto assets. Key Takeaways In the ever-evolving world of blockchain technology, the pursuit of more efficient and user-friendly development tools is relentless. Enter Polylang, a creation of Polybase, designed to revolutionize the developer experience on Polygon Midden. This TypeScript-inspired …

Continue Reading

US Treasury Takes Action Against Cryptocurrency Wallets Linked to Illegal Fentanyl Trade in China

The US Treasury’s OFAC has blacklisted cryptocurrency wallets linked to illegal fentanyl trade in China, involving $3.8 million across Bitcoin, Ethereum, and Tron networks. Key Points: The Office of Foreign Assets Control (OFAC) of the United States Treasury has blacklisted a number of cryptocurrency wallets linked to the illicit fentanyl trade, primarily based out of China, adding them to its …

Continue Reading

Pi Network vs. WOW EARN: Make an informed choice

In the populated world of the metaverse, the gateway to Web3 has become a guidepost for millions of enthusiasts around the world. Similarly, the crypto mining industry has woken up again owing to cloud mining and mobile mining options. The original concept of mining done by smartphones was introduced by Pi Network. But now the company is facing controversy and …

Continue Reading

XRP Ledger Triumphs with 83 Millionth Close and NFT, DeFi Integration

XRPL’s significant milestone and the incorporation of NFT and DeFi features underscore a noteworthy evolution in the cryptoverse. Key Takeaways The XRP Ledger (XRPL), Ripple’s distinguished smart contract platform, has achieved a noteworthy milestone by successfully closing its 83 millionth ledger this Thursday, showcasing the rapid developmental strides the platform is making in its persistent evolution. In a bid to …

Continue Reading

Bitcoin Targets $28,500, While Ripple and Avalanche Surge Forward

Bitcoin reached $28,500, Ripple’s XRP surged due to regulatory victories and licensing, while Avalanche (AVAX) rose with the launch of the Stars Arena platform. Possible Bitcoin ETF approval could push its price to $35,000-$40,000 by late 2023. Key Takeaways The cryptocurrency market is buzzing with activity as Bitcoin (BTC) charts a course towards the $28,500 mark, eventually finding stability at …

Continue Reading

Sui Foundation Redirects 117 Million SUI Tokens to Bolster Ecosystem Development

In a calculated move to propel its ecosystem’s growth, Sui Foundation is strategically reallocating 117 million SUI tokens, constituting 13.6% of its circulating supply and 1% of the total supply, valued at $51 million. Key Takeaways Target Development Support The freshly reallocated resources will predominantly back Sui’s developing ecosystem. The areas of focus include providing grants to developers, thereby encouraging …

Continue Reading

Hayes Forecasts a Potential Leap in Bitcoin Value, Eyeing a Staggering $750,000 to $1 Million

Prominent cryptocurrency expert Arthur Hayes predicts Bitcoin could reach $750,000 to $1 million by 2026, citing factors like a financial crisis, ETFs, and China’s nuanced stance. Key Takeaways Prominent cryptocurrency expert and former BitMEX CEO, Arthur Hayes, propels a bullish projection, forecasting Bitcoin’s price to catapult between $750,000 and $1 million by 2026, an outlook that scales beyond many present …

Continue Reading

Two Major Hacks Devour Vast Q3 Crypto Losses

Immunefi’s report reveals that most of the $662,850,580 in Q3 crypto losses were attributed to Mixin Network and Multichain exploits, with DeFi as the primary target. Key Takeaways In an unsettling revelation, Immunefi, a prominent Web3 bug bounty platform, reported a substantial $662,850,580 loss in crypto exploits for Q3 2023, with two principal projects, Mixin Network and Multichain, shouldering the majority of …

Continue Reading

Baby Doge Outshines Dogecoin and Shiba Inu with a Stunning 5% Surge

Baby Doge, inspired by Dogecoin, sees a 5% surge surpassing Dogecoin and Shiba Inu, propelled by a $5 million token burn and Elon Musk’s influence. Key Takeaways: In a surprising turn of events, Baby Doge, a cryptocurrency originally inspired by the renowned meme cryptocurrency Dogecoin, has witnessed a notable 5% surge within the past 24 hours. This unexpected rise in …

Continue Reading