Browsing: Blockworks.co

WazirX, a Mumbai-based cryptocurrency exchange, has confirmed a significant security breach resulting in the theft of over $235 million from one of its multisig wallets. The incident, which occurred early Thursday morning, has led to an immediate halt in Indian rupee withdrawals as the company investigates. Crypto withdrawals were already suspended at the time of

Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox.  Subscribe to the Lightspeed newsletter . Howdy!  Today we’re diving into crypto pop-up villages, which reminded me of one of my favorite unused quotes from reporting a story.  One attendee at a pop-up village I was covering told me

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

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

Today, enjoy the Empire newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox.  Subscribe to the Empire newsletter . T-minus: 84 days Crypto moves fast. The pace at which narratives evolve, explode and fade away is reflected in the conference circuit. So, as we’re now less than 90 days away from the

In the early 2010s, banking customers dissatisfied with the fees, complexity and poor service of traditional banks gained some new options. Neobanks, also called digital or challenger banks, emerged as fintech startups aimed at providing banking services primarily through mobile apps and web platforms, without the need for physical branches. Fintechs like Simple in the