Wormhole raises $225M at $2.5B valuation
The protocol reached a total value locked of $3.8 billion at its peak. Cross-chain protocol Wormhole has secured a $225 million investment at a valuation of $2.5 billion. According to…
Real AI use cases in crypto, No. 3: Smart contract audits & cybersecurity
Experts say AI has huge potential in smart contract audits and crypto security in future. Unfortunately, ChatGPT sucks at it right now. Every day this week were highlighting one genuine,…
Poloniex prepares to resume withdrawals after $100M hack
Poloniex says it will start resuming deposits on Nov. 30 with TRX, the cryptocurrency of Justin Sun’s Tron blockchain. Cryptocurrency exchange Poloniex is preparing to resume withdrawals and deposits after…
Bitcoin NFT marketplace Bioniq eyes lofty goal of alleviating network congestion
Bioniq operates on the Internet Computer Protocol, tapping into native Bitcoin integration to ease the network congestion and high fees associated with Ordinals inscriptions. A new Bitcoin nonfungible token (NFT)…
Ethereum donations top Save the Children HODL Hope Campaign
While Ether represents 50% of the total crypto donations made to Save the Children’s HODL Hope Campaign, Bitcoin donations amount to 34% of the lot so far. An ongoing crypto…
Security audits ‘not enough’ as losses reach $1.5B in 2023, security professional says
CertiK co-founder Ronghui Gu told Cointelegraph that it’s “inexcusable” the industry faces continued SIM-swap and multisig failures, as previous incidents already highlighted the issues. As companies continue to fall for…
Bitcoin gets ‘whale games’ warning as BTC price eyes $40K into US data
Bitcoin whales may yet spark mass profit-taking should BTC price action target $40,000 or higher. Bitcoin (BTC) held momentum at $38,000 on Nov. 29 as analysis warned over market corrections.…
Aerodrome and Velodrome DeFi platforms experience front-end hacks
The DeFi platforms Velodrome and Aerodrome took to social media to warn users that the front-ends for both platforms were under attack from malicious actors. The decentralized finance (DeFi) platforms…
Binance operates without license in Philippines, regulator says
According to the Philippines SEC, entities involved in promoting or trading on Binance could face up to 21 years of imprisonment and $90,000 penalties. Cryptocurrency exchange Binance has been operating…
What crypto traders can learn from Charlie Munger — even if he hated BTC
Legendary investor Charlie Munger may have once called Bitcoin “rat poison squared” — but that doesn’t mean crypto traders should ignore his years of investing wisdom. Legendary investor and billionaire…
FTX failure reveals flaws in multifunction crypto-asset intermediaries — FSB
The Financial Stability Board suggested the crypto industry might still require additional regulatory measures to prevent another FTX-like situation at the hands of crypto service providers. The Financial Stability Board…
Cristiano Ronaldo sued for promoting Binance, unregistered securities
The soccer star’s Binance-tied NFTs allegedly promoted investments in unregistered securities on the crypto exchange. Pro-soccer star Cristiano Ronaldo has been hit with a proposed class-action lawsuit from plaintiffs claiming…
KyberSwap DEX hacker sends an on-chain message: Be nice, or else
The exploiter behind the $46 million KyberSwap hack says they plan to outline a treaty for the potential return of funds on Nov. 30, but not if threats and hostilities…
Tether’s ‘new era for capital raises’ Bitfinex bond flops
The ALT2611 tokenized Tether bond from Bitfinex has only managed to raise 15% of its target two weeks after launch. Bitfinex’s recently launched Tether (USDT) tokenized bond, hailed as a…
Genesis strikes repayment deal with parent firm DCG to end $620M lawsuit
Digital Currency Group has over $320 million left to repay, according to Genesis, and the deal would see that remaining sum repaid by April next year. Bankrupt crypto lender Genesis…