In the ever-evolving world of cryptocurrency, security breaches serve as harsh wake-up calls, compelling the community to reassess and reinforce its defense mechanisms. The recent security lapse on Linea’s layer-2 blockchain is a glaring example. The vulnerability was exploited by a hacker on the decentralized exchange Velocore, resulting in an unauthorized transfer of over $2.6 million in Ether. Linea’s prompt
The decentralized finance landscape is replete with stories of innovation, staggering earnings, and occasionally, dramatic criminal exploits. One such intense narrative revolves around Nirvana Finance, a burgeoning DeFi platform that fell victim to a heinous $3.5 million flash loan exploit. The aftermath revealed not just the vulnerability of a nascent platform but also the resilience and response of its team
The burgeoning realm of digital currencies is revolutionizing financial systems worldwide, and Cambodia is leading the charge in Southeast Asia with its innovative Central Bank Digital Currency (CBDC), named Bakong. Spearheaded by the National Bank of Cambodia (NBC), Bakong emerged as a pioneering force in 2020 with a dual-currency backing system—uniquely pegged to both the Cambodian riel (KHR) and the
Despite the immersive worlds and epic storylines that video games offer, they often come with a hidden cost that many gamers understand all too well—the substantial investment in virtual items. Recent research spearheaded by Unstoppable Games sheds light on a surprising figure: on average, gamers spend over $6,400 on digital items that have no tangible form and often have no
The blockchain space was recently rattled by allegations that ZKasino, a blockchain-based gambling project, executed a $33 million “rug pull,” stunning investors and shaking confidence in decentralized finance (DeFi) platforms. ZKasino had initially promised investors to return their Ether (ETH) upon the platform’s launch. However, it sparked controversy and accusations of an exit scam when it used the collected funds
The rise of digital financial services has revolutionized the way people handle money worldwide, particularly when it comes to international money transfers. Revolut, a global financial platform, has made significant strides in this field, especially concerning the African market. The Demand for Mobile Money Transfers in Africa The Growth of Mobile Money Mobile money systems have seen a dramatic uptake
In a landmark move for blockchain and finance, PayPal has broadened its horizons with the integration of its USD stablecoin, PYUSD, onto the Solana network, a revelation first made at Consensus 2024. This notable enhancement capitalizes on the intrinsic benefits of Solana’s technology—primarily its ability to handle transactions with remarkable speed and efficiency at minimal cost. This expansion not only
In a significant move that underscores the surging demand for high-density, efficient data center solutions, King Street Capital Management has acquired Colovore, a Santa Clara-based data center operator renowned for its liquid-cooled technology. The growth of high-performance computing (HPC) and next-generation chips has begun to stretch the capacities of traditional air-cooled data centers, creating an imperative for more advanced cooling
The gaming industry is on the cusp of an AI renaissance, and Play AI’s groundbreaking seed funding of $4.3 million marks a pivotal moment in this transformation. With a valuation of $70 million, this Las Vegas-based startup is determined to revolutionize artificial intelligence integrations within gaming, building a modular chain that promises to redefine how we perceive and develop gaming
The financial landscape is continuously evolving, with new technologies reshaping traditional banking methods. In a significant development, Gnosis Safe and Visa have announced a partnership that might just signal the future of banking. As digital currencies gain traction globally, the need for integrating these with the established financial system becomes increasingly crucial. The collaboration stands as a testament to the
In a recent move that has stirred the cryptosphere, Chainge, the cross-chain liquidity protocol, has achieved a significant milestone by securing ample funding to accelerate its growth trajectory. Garnering $13 million in a combined investment effort, Chainge stands at the cusp of an ambitious expansion. GEM Digital and Alpha Token Capital, two entities with a seasoned grasp of the cryptocurrency
The digital asset trading world is always ripe with speculation and anticipation, a state of affairs exemplified by the recent price movements of Ethereum (ETH). A notable surge in ETH’s value—rising upwards from $3,810 to a peak of $3,940—has stirred the pot of conversation and analysis, particularly within the corridors of Singapore-based QCP Capital. This firm, a significant player in
