Crypto Hacks Rise in 2024, Smart Contracts Not at Fault
Crypto hacks surge by 42% in early 2024, with $542.7M stolen as hackers adapt tactics. In 2024, cryptocurrency hackers and exploiters may be on the brink of a more prosperous year, potentially surpassing their accomplishments from 2023. Hackers stole digital assets valued at $542.7 million in the first quarter of 2024, a 42% increase from […]
The Sandbox Raises $20M at $1B Valuation to Boost Creator Economy
Animoca Brands’ subsidiary, The Sandbox, raises $20M via convertible notes, valuing the platform at $1B. Animoca Brands and its subsidiary Bacasable Global Limited, which administers the popular metaverse platform The Sandbox, have raised $20 million in convertible promissory notes at a valuation of $1 billion. LG Tech Ventures and True Global Ventures were among the […]
Bitdeer Unveils BTC Mining Chip Roadmap to Cut Energy Use
Bitdeer Technologies unveils R&D roadmap for SEALMINER Bitcoin mining machines, enhancing industry transparency. Bitdeer Technologies Group (BTDR), a pioneer in high-performance computing and blockchain technology, has disclosed a comprehensive research and development (R&D) roadmap for its SEALMINER Bitcoin mining devices. This action emphasizes the organization’s dedication to enhancing transparency in the mining sector. Bitdeer’s SEALMINER […]
Bitcoin SV’s Twetch to Open-source After Shutdown
Twetch, a Web3 social platform on Bitcoin SV, shut down unexpectedly, leaving investors unable to redeem their NFTs and virtual collections. Twetch, a social media platform that operates on the Bitcoin SV (BSV) blockchain and is a Web3 competitor to X, was unexpectedly shut down on June 6 without prior notice. Several crypto investors were […]
GameStop Surge Boosts Roaring Kitty’s Shares to $1B
Keith Gill, known as “Roaring Kitty,” nears billionaire status as GameStop shares surge following his resumed trading with $180 million. Keith Gill, a stock trader well-known for his involvement in the 2021 GameStop short squeeze, is on the brink of becoming a billionaire as GME shares continue to grow. On June 2, Gill, who is […]