Despite Bitcoin’s recent surge above $70,000, gold bug Peter Schiff continues his critique of the cryptocurrency. Schiff’s latest warning comes amidst discussions about the potential approval of spot Ethereum ETFs by the US Securities and Exchange Commission (SEC). Spot ETFs have been a major topic in the cryptocurrency industry this year, especially after the US
Crypto
Recently, Gala Game, a Web3 gaming project, fell victim to a security breach conducted by an unknown attacker. This attacker, believed to be a compromised or rogue admin address, managed to mint a staggering 5 Billion GALA tokens, equating to a value of over $200 million. The aftermath of this exploit led to the unauthorized
Polimec, a newly launched decentralized funding protocol on the Polkadot network, is set to revolutionize the way Web3 projects raise capital and issue tokens. Offering a transparent and regulatory-compliant environment, Polimec aims to connect investors and startups globally, fostering innovation in decentralized initiatives. Polimec enables emerging Web3 projects, particularly those focused on the Polkadot ecosystem,
Recently, there has been a notable change in leadership at the world’s largest Bitcoin ETF, Grayscale. Michael Sonnhenshein, the CEO, has decided to step down from his position, as announced in a company press release on Monday. He will be succeeded by Peter Mintzberg, who currently holds the role of the global head of strategy
Bitcoin’s price has seen some fluctuations in the past 24 hours, dropping below $67,000 multiple times. However, each correction has been met with a strong reaction, bringing the price back to that line once again. Despite some ups and downs, Bitcoin’s resilience is evident as it remains close to the $67,000 mark. While Bitcoin has
The upcoming week is filled with important economic events that could greatly influence market movements. One of the key highlights is the release of the Federal Reserve meeting minutes, which will provide insights into the central bank’s future monetary policy decisions. Additionally, semiconductor giant Nvidia is set to report its earnings, making it a significant
A recent confidential United Nations report has shed light on the activities of North Korea’s cybercriminal group, the Lazarus Group. This notorious group managed to transfer a substantial amount of stolen cryptocurrency, totaling millions of dollars, back to the isolated Asian country in the previous year. The report specifically highlights an incident in March 2023,
Two siblings hailing from the prestigious Massachusetts Institute of Technology (MIT) are currently facing serious allegations of exploiting a vulnerability in the Ethereum blockchain. The brothers, Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28, are accused of pulling off a heist that netted them a whopping $25 million in just 12 seconds. This alleged caper has
The news of the arrest of Aiden Pleterski, known as Ontario’s ‘Crypto King,’ sent shockwaves through the region. Pleterski, along with his associate Colin Murphy, stands accused of defrauding unsuspecting victims of approximately $30 million in what authorities are calling a sophisticated Ponzi scheme. The charges come after a 16-month investigation known as ‘Project Swan,’
Polkadot recently announced a groundbreaking partnership with Founder Institute to launch a Web3 cohort, marking the beginning of an exciting chapter in startup acceleration and Web3 technology education. This collaboration is set to revolutionize the landscape of fundable startups, with the first Web3 cohort in the Core Program. The program, guided by experts from the
