Blockchain and Crypto News

Don’t miss real-time updates

Decentral Block Post

Access real-time blockchain and cryptocurrency news updates from around the globe.

Senator Warren proposes reducing Wall Street's involvement in crypto

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.”

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.

NFT communities greenlight Web3 films: A decentralized future for fans and Hollywood

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.

Image