US Lawmakers Press Crypto ATM Operators to Address Fraud
A group of U.S. Senate Democrats, led by Dick Durbin, urged top crypto ATM operators to address rising fraud targeting elderly Americans, citing $65 million in losses from Bitcoin ATMs this year. A group of United States Senate Democrats, led by Majority Whip and Senate Judiciary Committee Chair Dick Durbin, has urged 10 of the […]
Prom Completes 500K Transfers in Stress Test, Proves Robust Performance
Prom’s recent stress test on its Testnet V2 showed strong performance, handling 500,000 transfers without issues. The test highlighted Prom’s resilience and capacity to manage substantial loads effectively. Prom, a zkEVM modular L2 facilitating interoperability between Non-EVM and EVM worlds, has recently undergone a stress test. The recent stringent stress test of Prom, which is […]
Phishing Attack Drains $36K After Victim Approves Malicious ‘SetOwner’
A phishing attack drained $36,316 after the victim unknowingly approved a malicious transfer. Scam Sniffer reported the incident on its official X account, revealing details of the attack. The victim inadvertently authorized a malicious transfer, which resulted in a $36,316 loss as a result of a phishing attack. Scam Sniffer disclosed the specifics of the […]
Crypto Trader Loses $1.13M as Maker ($MKR) Drops
A crypto trader lost $1.13 million in under 50 days after buying 1,100 Maker ($MKR) tokens at $2,643 and selling them at $1,613. On-chain analytics firm Lookonchain shared the details on its official X account. Around $1.13 million in funds was allegedly lost by a crypto trader who invested in Maker ($MKR). In less than […]
Bitcoin, Ethereum Rally on Federal Reserve Rate Cut Expectations
Bitcoin has surged over 12% this week, surpassing $60,000, driven by investor expectations of a 50 basis point rate cut by the Federal Reserve. Bitcoin has increased by over 12% in the past week, surpassing $60,000. Investors anticipate that the Federal Reserve will reduce interest rates by 50 basis points, consistent with this increase. The […]