Author: Dren.H

BlockGames airdrop farming campaign on Crypto Twitter aims to replicate Portal’s success with its upcoming BLOCK token launch. BlockGames has emerged as a formidable contender, launching an airdrop farming campaign reminiscent of the successful Portal token initiative earlier this year. This strategy, aimed at promoting the upcoming BLOCK token, has taken Crypto Twitter by storm, fostering an environment of relentless engagement and promotion among users. BlockGames, a platform that merges mobile gaming with cryptocurrency, introduced its BLOCK airdrop farming campaign last Friday. The campaign aims to motivate users to actively share information about the platform across social media platforms, especially…

February saw increased VC investments in crypto startups, signaling growing confidence and diversity in the sector’s funding landscape. February witnessed a notable resurgence in venture capital (VC) investments within the cryptocurrency sector. This change marks a significant moment, as it’s the first increase in VC funding for crypto startups since March 2022. According to a comprehensive report from PitchBook, the closing quarter of 2023 saw crypto startups securing $1.9 billion in investments, showing a modest growth of 2.5% from the previous quarter. This uptick aligns with the burgeoning investor confidence in early 2024, especially following the approval of spot Bitcoin…

UK to expand authority to seize crypto assets without conviction starting April 26 to combat economic crimes. In an attempt to bolster its fight against economic crimes involving cryptocurrencies, the UK government has announced an update to its legislation that will empower law enforcement agencies with broader authority to seize crypto assets linked to criminal activities. Starting April 26, the Economic Crime and Corporate Transparency Act 2023 will undergo amendments to facilitate the confiscation of cryptocurrencies without the need for a prior conviction. This legislative update marks a pivotal shift in the UK’s approach to combating cybercrime, scams, and drug…

The Wall Street Journal (WSJ) sued for defamation over false allegations in a 2023 article about Tether-Bitfinex. The Wall Street Journal (WSJ), a longstanding pillar in financial journalism, finds itself at the heart of a legal storm. A defamation lawsuit has been lodged against its parent company, Dow Jones & Company, following a controversial article that implicated crypto entities Tether and Bitfinex in illegal activities. This legal action, filed in the Delaware Superior Court by Christopher Harborne and his firm AML Global Ltd on February 28, underscores the escalating tension between traditional media and the burgeoning cryptocurrency sector. Christopher Harborne,…

Bitcoin NFTs, led by NodeMonkes, surpass Ethereum in weekly sales with a record $168.5 million. Bitcoin’s dominance in the nonfungible token (NFT) market has seen a significant surge, overtaking Ethereum in weekly sales. The recent data highlights an 80% increase in Bitcoin NFT transactions, reaching a whopping $168.5 million in sales over the past week. Bitcoin Ordinals led this surge, particularly the NodeMonkes collection, which played a crucial role in this shift. Ordinals, a novel feature introduced in January 2023, has revolutionized Bitcoin’s role in the NFT space by allowing the embedding of digital assets, like images, into Bitcoin’s smallest…

Bitcoin scarcity and AI advancements drive a decade-long institutional investment surge, similar to the gold rush era. The landscape of cryptocurrency is on the brink of a transformative era, with Bitcoin (BTC) at its core, spearheaded by advancements in artificial intelligence (AI) and the introduction of spot Bitcoin Exchange-Traded Funds (ETFs). Michael Saylor, the chairman of MicroStrategy, unveiled a bullish outlook for Bitcoin during a panel at the Bitcoin Atlantis conference on March 1, suggesting that we’ve entered a “Bitcoin gold rush era” that commenced in January 2024 and could extend until November 2034. This period aligns with a critical…

BlackRock’s Bitcoin ETF reached $10B in AUM in 7 weeks, outpacing gold ETF’s two-year record. The iShares Bitcoin Trust by BlackRock has set a new benchmark in the investment world by gathering assets exceeding $10 billion within a mere seven weeks. This rapid accumulation of assets under management (AUM) starkly contrasts with the trajectory of the first U.S. gold-backed ETF, the SPDR Gold Shares, which required over two years post-launch in 2004 to reach a similar milestone. This development, as reported by the finance blog Zero Hedge, highlights the burgeoning investor interest in cryptocurrency as an asset class. Launched with…

Tether’s USDT stablecoin reaches a $100 billion market cap, outpacing rivals and highlighting significant growth and market dominance. Tether’s USDT stablecoin has soared to a $100 billion market capitalization, marking a significant achievement in the cryptocurrency sector. This leap positions Tether as the most substantial stablecoin by market cap, outpacing its competitors and showcasing a robust 9% growth since the year’s start. The surge not only highlights Tether’s growing dominance but also underscores the expanding gap with its closest competitor, USD Coin (USDC), which maintains a market cap of $1.00. On March 4, Tether’s USDT briefly achieved this historic market…

GPT-4 shows promise in smart contract code parsing and PoC writing but falls short in detecting vulnerabilities effectively. Smart contracts, automated programs on blockchain like Ethereum, execute predefined actions of agreements or contracts. These contracts ensure that once a transaction is completed, it is traceable and irreversible. While smart contracts automate transactions and uphold network rules, their reliance on code and immutability raises significant security concerns. Flaws in smart contract code can introduce vulnerabilities, making them targets for attacks, resulting in substantial financial losses. The article references multiple incidents, including a $325 million theft from Wormhole in February 2022 and…

Starknet airdrop boosts market cap to $20 billion despite controversies and squatter concerns. Starknet recent airdrop captivated the crypto sector, pushing its total diluted market capitalization over the $20 billion mark. This achievement comes in the wake of the Ethereum layer-2 solution’s highly anticipated airdrop event, which, despite facing controversies, has not deterred investor interest. Starknet Airdrop On February 20, Starknet took a significant step by distributing approximately 700 million STRK tokens from its 10 billion total supply. This strategic move aimed to incentivize a broad spectrum of participants within the ecosystem, including Ethereum stakers, both solo and liquid, Starknet…