Cross-chain bridge Nomad has fallen victim to a “free-for-all” exploit that drained around $190 million in crypto.
Just last week, Nomad announced that it had secured $22.4 million in seed funding from high-profile backers including Coinbase Ventures, Crypto.com Capital, and...
DeFi cross-chain interoperability protocol Nomad has secured a $22.4 million (£18.4m) seed round from leading investors in the crypto industry.
Crypto investment firm Polychain led the round, with Coinbase Ventures, Crypto.com Capital, OpenSea, Wintermute, Gnosis, Algaé and Polygon...
Texas-based Bitcoin mining company Compass Mining has revealed expansion plans for one of its data centres through a hosting partnership with Compute North.
The 75 megawatt expansion comes two weeks after Compass Mining laid-off 15% of its staff and implemented salary cuts for its top...
A former manager for popular cryptocurrency exchange Coinbase has been charged with insider trading.
32-year-old Ishan Wahi was a product manager at Coinbase Global. The Seattle resident was arrested alongside his 26-year-old brother Nikhil Wahi on Thursday morning.
The Wahi...
Cryptocurrency exchange Blockchain.com is cutting 25% of its workforce, equating to about 150 people, the firm has announced.
The company cited the harsh bear market conditions and the need to absorb financial losses. The exchange recently revealed it was dealing with a $270 million...
Cryptocurrency exchange Binance has been slapped with a $3.3 million fine by the central bank of the Netherlands.
The central bank, De Nederlandsche Bank (DNB), issued Binance Holdings with the fine after the exchange failed to gain regulatory approval to operate in the...
More than 2.6 million of Shenzhen’s 18 million residents signed up for the Chinese city’s upcoming airdrop of 30 million digital yuan, or e-CNY.
City officials announced the airdrop two months ago as part of a recovery plan to stimulate consumer spending after the country’s most...
Internet Computer Protocol has achieved the milestone of processing one billion blocks in just over a year in production.
The project’s lead developer, Zürich-based nonprofit DFINITY Foundation, made the announcement earlier today.
“Internet Computer is a unique...
Blockchain fintech company Millicent Labs has completed a sandbox test for a full-reserve digital currency (FRDC) with co-funding from the UK government’s Research and Innovation branch.
An FRDC is a privately issued digital currency pegged to a fiat currency, according to...
Decentralised finance (DeFi) and liquidity giant Aave plans to launch a new kind of over-collateralised stablecoin called GHO despite confidence in stablecoins being at a lull.
With GHO, users could borrow the stablecoin whilst still earning yields on any assets they have locked with...
Cardano’s much-anticipated Vasil upgrade has successfully launched on the project’s testnet.
Vasil is the most significant upgrade for Cardano since ‘Alonzo’ in September 2021 which brought smart contracts to the platform.
The platform’s main developer, IOHK,...
Blockchain analytics firm Nansen now supports tracking Solana’s large NFT ecosystem.
Nansen says Solana has been one of its most requested chains and has a “thriving” NFT ecosystem.
The real-time, on-chain data provided by Nansen certainly shows the demand for...
OpenSea, the leading non-fungible token (NFT) marketplace, has warned its users after discovering an employee of email management platform Customer.io has leaked OpenSea customer’s emails to a third party.
Any user who has their email address registered with OpenSea, whether it’s...
KPMG, one of the Big Four global accounting firms, is investing £25 million into web3 training for its employees to explore potential metaverse use cases.
The centrepiece of the project will be a collaboration hub built to explore metaverse applications in industries such as...
Victims of North Korea-linked crypto thefts may take some comfort in knowing that connected wallets have plunged in value.
Despite the recent drawdown, the exponential rise in the value of cryptocurrencies over the past decade has made them key targets. Hackers are regularly seeking...
Coinbase Commerce has added support for seven more cryptocurrencies and enabled instant, fee-free payments.
The largest US-based crypto platform says consumers tell it that fees are a key reason they choose not to pay in cryptocurrencies. Merchants, meanwhile, want to be paid...
Tether CTO Paolo Ardoino has responded to reports of hedge funds shorting its USDT stablecoin.
A “short” is a bet against the value of an asset. In contrast, a “long” position is a bet that an asset will appreciate in value.
On Monday, the Wall Street Journal...
The leading stablecoin company, Tether, is expanding its stablecoin offering with a new cryptocurrency pegged to the British pound sterling (GBP) called GBPT.
The upcoming coin will launch in early July and will initially be supported by the Ethereum blockchain.
GBPT will be...
Nexo, a crypto lending platform, has hired multinational financial services firm Citibank to advise on acquisitions from struggling crypto firms amidst the current market turmoil.
The company has said that its strong balance sheet means it can provide liquidity despite the crash in...
OpenSea, the most popular NFT marketplace, has announced a new security feature to protect its users from the growing number of scams in the NFT space.
It comes at a time when the company is under increasing fire for the proliferation of stolen and plagiarised NFTs passing through its...
Ethereum developers that are considering defecting to Cardano can now test their dApps on the growing blockchain platform.
https://twitter.com/InputOutputHK/status/1535979507840167943Cardano’s Ethereum Virtual Machine (EVM) has full compatibility with Ethereum upgrades and...
The global crypto market has tanked below one trillion dollars (£820 billion) for the first time since January 2021.
According to data from CoinMarketCap, Bitcoin is down 13 percent over the past 24 hours and Ethereum is down 16 percent.
The trend marks the twelfth...
PayPal is finally allowing users to transfer digital currencies to an external wallet or exchange, nearly two years after the payments giant first opened up to cryptocurrency.
The feature is currently available to select users in the United States with plans to expand to the entire...
Pintu, a popular Indonesian crypto exchange, has closed a $113 million (£90m) Series B round of funding as the country’s crypto market experiences a boom in popularity.
The round, which leads on from a $35 million Series A last August, saw investment from prominent firms such as...
The Vietnam Blockchain Association is collaborating with the world’s leading crypto exchange, Binance, on the exchange of research and application of blockchain technology in Vietnam.
Newly formed in May, the organisation will also cooperate with Binance on human resource training...
Singapore’s central bank, the Monetary Authority of Singapore (MAS), is joining forces with JPMorgan, DBS Bank, and Marketnode to launch Project Guardian.
The project, which is led by Deputy Prime Minister Heng Swee Keat, will pilot use cases of digital assets in tokenisation, using...
Two leading crypto firms, Ripple and FTX, have said they are looking to drive growth through acquisitions in interviews with CNBC at the 2022 annual meeting of the World Economic Forum.
The confidence suggests some crypto firms feel established and capitalised enough to weather the...
Sam Bankman-Fried, billionaire altruist and FTX exchange founder, has claimed he could donate upwards of $1 billion (£796m) to help influence the outcome of the 2024 United States presidential election.
In an interview on the “Whats Your Problem?” podcast, Bankman-Fried said he...
Andreessen Horowitz’s web3 arm - a16z crypto - has raised $4.5 billion (£3.6bn) for its fourth crypto fund, setting a new record for venture capital (VC) in spite of the market’s turbulence.
Last June, a16z crypto announced its third fund whilst the market’s total...
US banking lobbyists have argued against the Federal Reserve – the country’s central bank – developing and introducing a central bank digital currency (CBDC).
Having released a report on the potential of the “digital dollar” in January, the Fed invited and received thousands...
