If you need a prime example of how early we are in world of cryptocurrency, take a look at all the naïve crypto users who sent fake Jared 81+ Ethereum that is more than $151,000 right now.
(more…)Category: Ethereum News
Multichain cross chain routes not working as expected
Developers of Multichain, previously known as Anyswap have made an announcement that certain cross chain routes are not available due to uncertain reasons.
(more…)How Web3 Can Disrupt the Creator Economy
The burgeoning intersection between technology and creativity has ushered in a new era, the ‘creator economy.’ In this economy, independent creators, artists, and innovators are using digital platforms to monetize their talents directly. However, there’s a new tech wave on the horizon, one that promises to be even more transformative—Web3.
(more…)Ethereum holder lost everything to a phishing website
Ethereum holder just lost all of his ETH to a phishing website after holding it for whopping 5 years. At time of writing of this article, the Ethereum amount is about $1.04 million. In the past five years, he did not interact with anything, not even decentralized exchanges like Uniswap.
(more…)Vela Derivative cryptocurrency exchange scammed its user
Vela is a derivative cryptocurrency exchange that recently came to light for not giving the user his profit. He started his ETH / USD Perpetual long x29.9 at $1431, but the exchange forcefully closed his long at $1999.99, which gave him a whopping 1543.11 percent profit.
(more…)SushiSwap Contract hacked for 1800 Ethereum
We have some more bad news about SushiSwap. Today, the SushiSwap’s RouterProcessor2 contract was hacked for about 1800 Ethereum which is about 3.3M dollars at current ETH’s price. The hacker exploited the approve related bug.
(more…)Arbitrum Foundation sold 10M ARB tokens to cover operating costs
Arbitrum Foundation has made it clear that the 10M ARM tokens that they sold recently were done to fund pre existing contracts and cover near-term operating costs. One such cost was to cover $3.5M setup costs. Since the DAO organization was established and intended to involve users, the traditional thinking of small team decision-making in companies should be changed. After all, web3 projects come from users and grow with the support of users.
(more…)Sushiswap DEX served with SEC subpoena
Sushiswap DEX is in deep trouble as their head developer has been served with SEC subpoena. This has called for a legal defense fund that will provide coverage for attorney fees. Amount if you may ask? $3M which will be sent for Kanpai fees, grants and sushi TWAP market sells.
(more…)Platypus DeFi exploited for over 8.5 million dollars
Platypus DeFi that claims to redefine stableswaps and reinventing stablecoins was recently hacked for whopping 8.5 million dollars in total. The developers have confirmed this hack on their official twitter account and have already informed various cryptocurrency exchanges to freeze the funds of the hacker. USDT held by the hacker has already been frozen.
(more…)Metamask will collect IP addresses, triggers concerns
Metamask has announced that it will soon start collecting users’ IP addresses. It is probably required for future KYC / AML compliance. Let us enjoy the ride towards regulations, I do not know if that is good or bad, but it is probably inevitable. addresses.
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