In the wake of a massive breach of WazirX, an Indian crypto exchange, resulting in a loss of $234.9 million, reports have suggested the involvement of a ‘’Lazarus Group” with connections to North Korea. ZachXBT, a crypto investigator, claimed on X to have uncovered the mystery behind the massive security breach at the WazirX platform.
The web3 gaming, Pixelverse, is shaking things up with a groundbreaking 30% airdrop for its PIXFI token. The company, boasting over 75 million players through its popular PixelTap app, aims to redefine airdrops by rewarding community members. To incentivize early participation, Pixelverse will distribute unique NFTs to all PixelTap and Dashboard users registered before July
Shiba Inu Price Tanks 10% After WazirX Hack Implicates $100M in SHIB According to blockchain analyst Lookchain, 5.43 trillion SHIB tokens worth $102 million were stolen in the hack. News of the WazirX hack spread rapidly, causing Shiba Inu (SHIB), a well-known memecoin, to drop by 10% within a few hours, from $0.00001886 to $0.0000174.
The bitcoin play Here we go again. Right now, one of the biggest narratives in crypto is political chatter. I touched on this yesterday, when I unpacked Republican vice president hopeful JD Vance’s crypto stance. But it warrants a deeper dive. Over the past couple of days, I’ve talked to a variety of folks about
Bitcoin currently lacks true layer-2 networks (as the term is used on Ethereum) primarily because existing scaling solutions do not inherit Bitcoin’s security model. Not really.* Ethereum rollups that post transaction data to Ethereum mainnet directly leverage its security, ensuring that correct execution of transactions on these layers are secured by the same mechanisms protecting
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2237.59, down 0.0% (-0.45) since yesterday’s close. Six of 20 assets are trading higher. Leaders: SOL (+2.5%) and ETH (+1.3%). Laggards: RNDR (-6.5%) and XRP (-5.9%). The CoinDesk 20
Today, enjoy the On the Margin newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the On the Margin newsletter . Welcome to the On the Margin Newsletter, brought to you by Casey Wagner and Ben Strack. Here’s what we cover in today’s edition: Risk-on, risk-off, who knows! We break
July 18: Bitrue Ventures, the research and investment section of crypto exchange Bitrue, has launched a $40 million investment fund and “is putting out the call to aspiring developers,” according to the team. A blog post reads: “Individual recipients of funding can receive up to $200,000 of investment funds that can be allocated however they
Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter . Howdy! Last night, I attended my first ever New York Liberty game, and goodness me, were we ever up in the nosebleeds. But even from my perch in the rafters, it was clear
The Hong Kong Monetary Authority has revealed the names of five entities who have won participation in its stablecoin issuer sandbox. Standard Chartered Bank (Hong Kong), Animoca Brands Ltd., JINGDONG Coinlink Technology Hong Kong Limited, RD InnoTech Limited and Hong Kong Telecommunications (HKT) Limited are the other five entities. A day after the Hong Kong