Ethena Labs Halts Website After Hack
Ethena Labs has Issued a warning on X to avoid any websites or apps claiming to be Ethena’s frontend, as they could be fraudulent. Ethena Labs, the corporation responsible for the decentralized synthetic dollar system, has ceased its website activities due to a security breach on the domain registrar’s account. The corporation placed a notice […]
Crypto Trader Makes $2 Million After Token Surged 1000%
Three crypto traders collectively earned $2M from NEIRO, with wallet addresses 0x6ac, 0xc05, and 0x090 each making substantial profits. Over the past few days, the dread that pervades all crypto traders has led to a three percent decline in the global market capitalization, currently valued at two trillion dollars. Users’ reluctance to trade or take […]
Chainlink, Fireblocks Partner to Help Banks Issue Stablecoins
Chainlink and fireblocks partnership will manage the issuance, distribution and custody of tokenized assets, including stablecoins. Both Chainlink Labs and Fireblocks, a blockchain startup have recently revealed their intention to combine their operations, which has sparked conversations throughout the web3 industry. The companies stated that the purpose of this collaboration is to assist financial institutions […]
US SEC Fines Flyfish Club $750K for NFT Violations
Flyfish Club raised $14.8 million by selling around 1,600 NFTs, marketed as memberships to an exclusive dining club. In response to Flyfish Club, LLC’s unregistered sale of non-fungible tokens (NFTs), the United States Securities and Exchange Commission (SEC) has issued an order against the company. The judgment has led to a growing disagreement within the […]
MicroStrategy to Issue $700M Debt for Bitcoin Purchase
MicroStrategy,continues to pursue Bitcoin purchases as part of its Treasury Reserve Asset (TRA) strategy. MicroStrategy, a business analytics and software company based in the United States, is on track to purchase further Bitcoin (BTC). During the time that Michael Saylor was providing his followers with updates, the company announced that it intends to do a […]