CertiK, a blockchain security firm, has responded to a “rug pull” scam that caused $160,000 to be stolen from Merlin, a zkSync-based decentralized exchange. CertiK claims that the scam was perpetrated by insiders at Merlin who exploited their wallet privileges. Despite making efforts to work with Merlin to retrieve the stolen funds, CertiK was unable…
The French automobile company Renault has announced the release of its second NFT collection, RACING SHOE5. It combines one-of-a-kind sneakers inspired by the classic first-generation R5 Turbo models and their digital counterparts as 3D NFT art registered on the blockchain. The release was followed by the successful launch of its first R5 NFT collection last…
In a groundbreaking development within the DeFi ecosystem, liquid staking solutions such as Lido and Rocket Pool have surpassed decentralized exchanges (DEXs) in total value locked (TVL). As reported by the crypto analytics platform DefiLlama, these solutions now dominate the DeFi sector. The Importance of TVL TVL serves as a vital metric for determining the…
The US Commodity Futures Trading Commission (CFTC) has announced a landmark achievement in a fraud case related to Bitcoin, which has resulted in a penalty payment of $3.4 billion. The case revolved around Mirror Trading International Proprietary Limited (MTI), a company that allegedly deceived thousands of investors by illegally obtaining over $1.7 billion worth of…
ONE Championship, the world’s largest martial arts organization, has partnered with Animoca Brands and Notre Game to develop innovative mixed martial art (MMA) mobile game that is set to launch in 2024. The game, dubbed “ONE Fight Arena,” will leverage blockchain technology and NFTs to create a unique and immersive gaming experience for MMA enthusiasts…
Decentralized finance (DeFi) platform, Thetanuts Finance, has secured $17 million in its latest funding round led by Polychain Capital, Magnus Capital, and Hyperchain Capital. The funds will be used to forge new partnerships with various blockchain-based companies, including layer 1 and layer 2 networks, liquidity providers, market makers, blockchain foundations, and exchanges. Thetanuts Finance is…
As the verdict of the long-awaited XRP case draws closer, Ripple executive Brad Garlinghouse has expressed his support for progressive crypto laws in Europe. In a recent interview, he highlighted the importance of regulatory clarity and how it can help foster innovation in the industry. The Stance of Ripple Executive Garlinghouse‘s comments come at a…
The world of blockchain and cryptocurrency is taking a giant leap forward in the Lone Star State. On Thursday, April 20th, the Texas House of Representatives passed a bill that would allow for the use of Proof-of-Reserve (PoR) technology in financial transactions. This groundbreaking legislation marks an important milestone for the industry and could pave…
