POKT Network, a leader in decentralized infrastructure, has made significant strides. It launched three new Gateways. These are in collaboration with Developer DAO, Porters (supported by Raid Guild), and Chainstack. This move aims to widen developer access to over 60 blockchains. It’s part of POKT Network’s plan to boost API access across the web with its Universal RPC Base Layer. Expanding the Ecosystem for Better Data Solutions The new Gateways mark a critical step for POKT Network. They aim to provide reliable and cost-effective data solutions. These will help developers and businesses improve app quality and user experience. Dermot O’Riordan…
Author: Rea K.
Ethena Labs unveiled the ENA token through an extensive airdrop. The event involved distributing $450 million worth of ENA tokens. Arkham Intelligence data highlights an intriguing outcome for the airdrop’s biggest beneficiary. Initially receiving 3.30 million tokens valued at approximately $1.96 million, this recipient quickly moved to secure profits. Within just 15 minutes, they transferred these tokens to the Bybit exchange. The rush for immediate gains led to a missed opportunity. ENA’s value soared to an all-time high of $0.8987 about 11 hours later, pushing its market cap to $1.27 billion. Had the largest recipient held onto their tokens, their…
Crypto venture capital giant, Paradigm, is in talks with investors. They aim to secure funds ranging from $750 million to $850 million. This move comes as the crypto market shows signs of revival. Bloomberg sources revealed these discussions on April 3. Should Paradigm achieve its goal, it will mark its largest fund since November 2021. Back then, it raised $2.5 billion. That fund was the biggest in cryptocurrency at the time. A successful $750 million fund now would outdo all crypto raises since May 2022. At that time, Andreessen Horowitz set records with a $4.5 billion fund. Paradigm’s Ambitious Endeavors…
Wormhole has announced its native token W’s launch strategy. The unveiling begins with its appearance as an SPL token on Solana. This event marks the beginning of Phase 1 for the token’s journey. Wormhole’s strategy extends beyond Solana’s borders. Phase 2 promises to bridge W token across Wormhole-supported chains. This includes Ethereum and several layer-2 networks. It leverages Wormhole Native Token Transfers for seamless cross-chain transactions. Token holders gain access to governance features. They can lock and delegate W tokens. This process is crucial for the Wormhole DAO’s governance. The DAO will guide the ecosystem’s future. Yet, the timeline for…
Recently, a debate intensified the crypto world as Max Keiser, a prominent Bitcoin advisor to El Salvador’s President Nayib Bukele, criticized Argentina’s President Javier Milei. Keiser labels Milei’s approach to crypto as a significant misstep. Since taking office in December, Milei has implemented bold strategies to revive Argentina’s faltering economy and counteract the Argentine peso’s sharp decline against the U.S. dollar, a decrease of 99% since 2008. Milei, appreciated by many in the crypto community for his Bitcoin support, finds himself at odds with Bitcoin purists. These purists, including Keiser, argue that Bitcoin stands separate from the broader cryptocurrency market.…
Wormhole, a pioneer in cross-chain protocols, has just revealed the launch date for its eagerly awaited W governance token. This news comes alongside announcements from numerous cryptocurrency exchanges about their intentions to list the W token for spot trading immediately following the availability of the airdrop claim for qualified users. The introduction of the W token stands as a significant event in the cryptocurrency sector for the year, especially given Wormhole’s reputation. Initially, the W token will debut as an SPL20 token on Solana, with future plans to support the Ethereum ERC-20 token standard. This move highlights the protocol’s commitment…
Sam Bankman-Fried, known as SBF and a controversial figure in the financial world, recently expressed his thoughts before starting his 25-year federal prison sentence. In a noteworthy interview with ABC News on April 1, SBF shared his feelings and reflections on the events leading to his incarceration. Sentencing and Reflections The sentencing by Judge Lewis Kaplan of the United States District Court for the Southern District of New York on March 28 marked a pivotal moment for SBF. From the Metropolitan Detention Center in Brooklyn, he communicated his current state and thoughts. He mentioned his constant torment over the loss…
TA558, a notorious cybercriminal group, has initiated an aggressive phishing campaign. This campaign seeks to infiltrate organizations across Latin America with Venom RAT, a dangerous remote access trojan. This move comes amidst escalating cyber threats, including DarkGate and malvertising incidents, targeting the region’s sectors. Perception Point’s threat analyst, Idan Tarab, was the first to report this campaign. The cybergang’s targets span a wide array of industries not just in Latin America but also in Spain, the U.S., and Portugal. Companies in finance, manufacturing, and industrial sectors are now at risk, in addition to the previously targeted hotels and travel agencies.…
The decentralized crypto exchange FixedFloat has fallen victim to a second significant hacking incident. This recent security breach has led to the loss of around $3 million in various cryptocurrencies, including Ethereum (ETH), Tether (USDT), Wrapped Ether (WETH), DAI, and USD Coin (USDC). The attack targeted the exchange’s hot wallet on the Ethereum blockchain. CyversAlerts, a cybersecurity monitoring service, was the first to report the incident. They revealed that an unidentified hacker managed to drain $2.8 million from FixedFloat’s hot wallet. The hacker used a smart contract known as eXch, designed for swapping tokens, to carry out the unauthorized transactions…
Munchables, an NFT game based on the Ethereum platform, has unveiled new security measures. This move comes after a significant setback when nearly 17,400 Ether, valued at roughly $62.5 million, was stolen by a hacker. The twist in the tale was the hacker’s identity as an in-house developer. Fortunately, the developer returned the funds shortly after, without demanding any ransom. To prevent such incidents in the future, Munchables is enhancing the security of its project’s funds and smart contracts. The game’s developers are introducing a series of upgrades. Key among these changes is the involvement of three notable entities: Manifold…