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MEV bot earns $1M but loses everything to a hacker an hour later

An MEV bot gained massive profits worth $1 million by seizing an arbitrage opportunity. However, it was tricked into authorizing a malicious transaction that drained the funds.

What is necessary for Web3 to fully replace Web2?

Can Web3 replace Web2… and what stands in the way of this happening? We look at some of the biggest challenges facing this burgeoning sector right now.

BIS marks CBDC pilot as 'successful' with $22M transacted

Over $12 million in value was issued in the pilot with commercial and central banks in Hong Kong, Thailand, the UAE and China taking part.

Bitcoin think tank: Reject CBDCs and look to BTC and stablecoins instead

The paper's authors say Central Bank Digital Currencies are problematic for the future of individual and economic freedom but crypto is a viable alternative.

Pantera CEO bullish on DeFi, Web3 and NFTs as Token2049 gets underway

Pantera CEO Dan Morehead painted an optimistic outlook for the wider cryptocurrency space during a keynote presentation at Token2049 in Singapore.

Wintermute inside job theory 'not convincing enough' —BlockSec

The theory is “not convincing enough to accuse the Wintermute project,” wrote BlockSec, as it highlighted that Wintermute’s actions during the hack made sense given the circumstances.

3 'blockbuster' titles that could save GameFi — ABGA President

To attract more users and make blockchain gaming more mainstream, Kevin Shao says future titles should find a “balance” between and accommodate different users' tastes.

Anonymous makes numerous allegations against Yuga Labs and its Bored Ape Yacht Club

The Internet hacktivist group called on high-profile celebrities and big brands to speak up and take a stand.

Axelar, Mysten Labs partner on cross-chain communication for super dApps

Integration will roll out before the end of 2022, enabling General Message Passing on Sui blockchain.

Celsius CEO Alex Mashinsky resigns

"I am very sorry about the difficult financial circumstances members of our community are facing," writes Mashinsky.

Microsoft, Avalanche, Polygon join $20M funding of Web3 automation startup

Web3 data firm Space and Time is also supported by blockchain oracle firm Chainlink through its startup program.

Report: Korean authorities orders freeze of $67M of Bitcoin tied to Do Kwon

The latest discovery in the long-drawn Terra ecosystem saga contradicts many of Do Kwon’s early claims.

Global think tank suggests blockchain in public finance can help reduce fraud

Modernizing public finance management through blockchain could help governments identify potential corruption and waste by providing additional transparency and traceability.

Redditors share ‘reasonable’ goals in response to crypto billionaire survey

A survey showed that more than 70% of respondents believe they have the right tools to become crypto billionaires.

Galaxy Digital to provide market data to blockchains with Chainlink

Galaxy announced that they will provide market data so that smart contract developers can build better blockchain applications.

Yat Siu: Asia GameFi opportunity huge as gamers don’t hate NFTs

The Animoca Brands co-founder suggested that Asian gaming companies don’t have to deal with the same amount of pushback against NFTs that U.S companies have faced.

Cyber sleuth alleges $160M Wintermute hack was an inside job

James Edwards bases his accusations on what he feels are dubious transactions and smart contract code that doesn’t match the post-mortem analysis.

Nifty News: Walmart steps into the Metaverse, @NFT founder hacked and more

AC Milan partners with Solana blockchain-based football game MonkeyLeague, while Pixelmon attempts a comeback after poor reception to its NFT collection in February.

New Cosmos whitepaper repurposes ATOM token and refines vision

The news comes a couple of weeks after research firm Delphi Labs announced it would shift the focus of its research and development efforts toward the Cosmos ecosystem.

The path moving forward for ex-Ethereum miners remains unclear

It seems that some GPU owners have resorted to selling power to non-crypto projects following the Ethereum Merge.

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