Warren's letter urges OCC to collaborate with Fed and FDIC to develop an alternative cryptocurrency approach “that adequately protects consumers and the safety and soundness of the banking system.”
Decentral Block Post
Nansen admits neglecting DeFi plans during the NFT craze
Nansen has registered over 130 million addresses and has grown 30% despite the crypto downturn in 2022.
Major hacks in play-to-earn crypto games a ‘matter of time’ — Report
According to a cybersecurity auditing firm, GameFi projects are putting "profits above security" and pose a great risk to the projects and its users.
Swiping left: Tinder pulls back on Metaverse dating plans
Disappointing financial results have seen Tinder lay off its current CEO, slash funding to metaverse development, and ditch plans for its virtual currency Tinder Coins.
$2B in crypto stolen from cross-chain bridges this year: Chainalysis
The $190 million Nomad Bridge exploit is just the latest out of 13 separate bridge attacks in 2022 so far.
Chinese municipal bank issues first-ever digital yuan loan using intellectual property as collateral
The unnamed recipient of the loan said the e-CNY transaction was fast and efficient; they received an equivalent of 500,000 CNY, which was $74,020 at the time of publication.
GitHub faces widespread malware attacks affecting projects, including crypto
The developer who found the vulnerability requested developers to sign their revisions with the GPG key to ensure all their revisions on the project can be verified.
Is it a good time to buy nonfungible tokens? Expert answers
Ahren Posthumus said that it’s indeed a good time to buy but cautioned investors to double-check projects before putting their money into them.
Nomad reportedly ignored security vulnerability that led to $190M exploit
The altcoins that were stolen in the Nomad bridge hack suffered as much as 94% decline in price after the exploit.
Solana wallets 'compromised and abandoned’ as users warned of scam solutions
Solana users have been urged to move their funds to cold storage and be alert to possible scams after a major exploit of thousands of wallets sees more than $8 million stolen.
What are crypto pump and dump groups? Are they legal?
Self-organized teams that support crypto scams on Discord or Telegram are not illegal in the crypto market except in regulated exchanges.
Binance, KuCoin, OKX CEOs flex security amid Solana FUD storm
Parallel to the ongoing investigations of the Solana fiasco, CZ warned investors of “an active security incident on Solana” that drained funds in SOL and USDC off over 7000 wallets.
Contributors piling into Bitcoin, Ethereum, and Solana since 2018: Report
The Ethereum network continues to see the largest number of monthly-active contributors at around 2,000 as of July.
Mental health support prime for decentralization, say academics
A shortage of mental health services in the future could be solved with a Web3-powered mental health support network, suggests academics.
Contagion only hit firms with ‘poor balance sheet management’ — Kraken Aus boss
The crypto contagion only hurt entities that poorly managed their treasuries, but didn't affect the underlying blockchain technology, he said.
Ongoing Solana-based wallet hack has already seen millions drained
NFT marketplace Magic Eden noted that it “seems to be a widespread SOL exploit at play" and called on users to revoke permissions for any suspicious links in their Phantom wallets.
Textbook publisher wants to use NFTs to skim the used-textbook market
The academic textbook publisher hopes to capture a portion of secondary market sales on digital textbook sales by assigning an NFT to each title.
Aave devs propose freezing Fantom integration, citing lack of traction and potential vulnerability
The Fantom market on Aave v3 adds just $30 each day to the DeFi protocol's treasury; developers are also concerned that the integration creates security risks.
Waves community back DeFi revival plan for Vires.Finance
A Waves proposal that aims to solve the liquidity problem of Vires.Finance has passed after gaining the support of its community.
Wirex partners with 1inch to enable wallet-based token swaps
The partnership will allow Wirex community members to swap their tokens through an API provided by 1inch Network.
Ledger reportedly seeking additional $100 million in funding
Investors are said to be flocking to cold storage for their cryptocurrency as liquidity concerns plague the industry recently.
Metaverse market share to surpass $50 billion by 2026, says new report
A new report reveals the Metaverse will have a market share surpassing $50 billion by 2026.
European Central Bank bets on CBDCs over BTC for cross-border payments
ECB’s interest in identifying the best cross-border payment solution stems from the fact that it serves as the central bank of the 19 European Union countries which have adopted the euro.
Bitcoin network activity decline suggests longer bear market: Glassnode
Although Bitcoin prices made a strong 15% recovery over the past week, metrics suggest more network demand would be needed to sustain further price increases.
Blockchain cloud infrastructure company W3BCloud to go public via $1.25B SPAC
The firm, whose data centers are located in the United States, generated $40 million in sales last year.
CryptoPunks' trading volume surges 1,847% after Tiffany & Co. launches exclusive NFT collection
Anyone can buy the newly launched NFTiff, but Punk holders who own an NFTiff can also redeem it for a custom pendant.
How blockchain technology can revolutionize international trade
Blockchain technology has proven to be transparent and could make international trade transparent and even more secure.
The rise of fake cryptocurrency apps and how to avoid them
Scammers are using fake crypto apps to steal funds from investors. Some malicious apps find their way into official app stores.