KyberSwap Faces Security Breach With $2.5M Ether Stolen
KyberSwap, a decentralized exchange (DEX), was recently compromised significantly, resulting in considerable financial losses. In an unexpected turn of events, the perpetrator of the breach transmitted nearly $2.5 million worth of stolen Ether from Arbitrum to the Ethereum network. The aforementioned development has garnered interest from blockchain analytics companies and sparked concerns among cryptocurrency users […]
Ethena Labs Launches Shard Campaign Epoch 2
Ethena Labs expedites the launch of Epoch 2 of their sharding campaign, as USDe reaches $440 million in five days during Epoch 1. Ethena Labs has been developing a disruptive Shard Campaign, which has, in particular, caused a stir in the DeFi industry. Ethena Labs initiated the Shard Campaign in an effort to increase participation […]
Genesis Global Clashes With DCG Over Creditor Repayment
Genesis’ ongoing dispute with its parent company, DCG, potentially raises Concerns for Creditor Repayment Lawsuit. Due to the bankruptcy of the cryptocurrency exchange Genesis, market sentiment had deteriorated. The insolvent cryptocurrency exchange will be nursing yet another sore tooth ahead of the court case. Genesis has yet to determine the legal course of action regarding […]
Breaking: MicroStrategy Makes Major Bitcoin Purchase
MicroStrategy’s Michael Saylor reveals a new Bitcoin purchase of $155 million, bringing the BTC holdings to 193,000. On Monday, Michael Saylor, executive chairman and co-founder of MicroStrategy, announced that the organization had acquired an additional $155 million worth of Bitcoins, bringing its total BTC holdings to 193,000. Michael Saylor has taken a significant step in advance […]
Founders Fund, Dragonfly Leads $27M Seed Funding Round for Avail
Founders Fund and Dragonfly led a $27 million venture funding round for Avail, a Web3 data availability and consensus layer. The funds will be used to solve the fragmentation issues in the Web3 industry. According to a press release dated February 26, SevenX, Figment, and Nomad Capital supported the $27 million seed round and additional […]