Nolan Bushnell believes blockchain use has a bright future in gaming Nolan Bushnell, co-founder of Atari, has launched a new venture aimed at revolutionizing blockchain gaming. His company, Moxy, has teamed up with Skale Labs to develop a Web3 ecosystem designed to offer gasless transactions, a significant innovation in the blockchain gaming space. The partnership
The bank has yet to conform to previous orders the Fed gave it to improve its operations The US Federal Reserve has issued a cease-and-desist order to the crypto-friendly United Texas Bank, citing issues with the bank’s risk management systems, particularly in relation to its crypto clients. This order from yesterday follows a May examination
The decentralized finance protocol has become the latest victim of cyber thieves The Penpie protocol, a decentralized finance (DeFi) project operating on the Pendle platform, experienced a severe security breach yesterday. The attack resulted in the theft of $27 million from client funds. The breach has sent shockwaves through the DeFi community and raised concerns
The proposal takes a novel approach to overcome a known limitation of blockchain transactions A new proposal called the “Zero-KYC Assurance Mechanism for Fiduciary Money Transfer” (ZKAM-FMT) has been introduced by a Reddit user known as ShadowOfHarbringer, aiming to tackle financial scams in peer-to-peer (P2P) cryptocurrency markets. The innovative proposal seeks to secure transactions without
The securities regulator doesn’t want creditors to be paid in stablecoins The US Securities and Exchange Commission (SEC) has raised concerns about FTX’s proposed payout plan for its creditors, indicating that it might take legal action to prevent certain aspects of the plan. The regulator specifically highlighted its reservations about FTX’s intention to repay creditors
A court has ruled that there’s no case against Musk Elon Musk and Tesla have successfully completed a legal challenge accusing them of manipulating the price of Dogecoin, a popular cryptocurrency. The lawsuit, which sought a staggering $258 billion in damages, was dismissed yesterday by Judge Alvin Hellerstein of the US District Court for the
The outages were reportedly due to major interest in the newer memecoin The Open Network (TON) has resumed operations following its second major outage in just 36 hours. The network went down yesterday at 7:17 P.M. UTC and was restored around 1:00 A.M. UTC today. The TON Community confirmed the network’s return to full functionality
The new cryptocurrency trading options are coming at the end of September The Chicago Mercantile Exchange (CME) Group is set to introduce a new type of Bitcoin futures contract aimed at catering to the growing interest among retail investors. According to a report shared yesterday, CME will launch these new Bitcoin Friday Futures (BFF) on
The company has failed to recover from a long string of poor decisions Rhodium Enterprises, a prominent Bitcoin mining firm, has filed for Chapter 11 bankruptcy in the US Bankruptcy Court for the Southern District of Texas. The filing, which was submitted on August 24, 2024, indicates that the company is facing significant financial challenges,
The latest malware is reportedly a variation of previously reported crypto-stealing software A new form of malware targeting Apple Mac users has emerged, creating a significant threat to cryptocurrency wallets. Known as “Cthulhu Stealer,” this malicious software is designed to steal sensitive personal information and access crypto wallets. The malware disguises itself as legitimate software,
The decision is one of the first where law enforcement uses NFTs to communicate The FBI is taking an innovative approach by utilizing non-fungible tokens (NFTs) to contact victims of a crypto fraud scheme tied to the fraudulent CluCoin project. This marks one of the first instances where law enforcement will use NFTs as a
McDonald’s lost control over its Instagram account, leading hackers to mint a small fortune Hackers recently exploited McDonald’s official Instagram account to carry on a scam that gave them over $700,000 in Solana. The incident occurred on August 21, when the fast-food giant’s social media page was compromised and used to promote a fraudulent memecoin,
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