Hundred Finance Hacker Transfers Stolen Assets After One Year
After a year of inactivity, the hacker who stole $7.4 million from the decentralized Finance (DeFi) protocol Hundred Finance has begun transferring the crypto assets. The infiltrator removed approximately $800,000 worth of Ether and Tether from Curve’s decentralized exchange (DEX) on May 1, more than a year after supplying liquidity on the platform. Upon completion […]
Microsoft Invests $2.2B for Cloud, AI Expansion in Malaysia
Microsoft has declared a four-year, $2.2 billion investment in Malaysia towards the expansion of its artificial intelligence (AI) and cloud services. As per a blog post, the investment represents the most substantial in the 32-year tenure of Microsoft in Malaysia. The investment encompasses the construction of cloud and AI infrastructure, providing AI-skilling opportunities for 200,000 […]
Indian ED Partners with Binance, Others to Bust Scam App
Indian law enforcement agency, the Enforcement Directorate (ED), with the help of Binance, ZebPay, and WazirX crypto exchanges, tracked funds linked to the E-Nugget scam app. A report by the Hindu indicates that E-Nugget, an online gaming application, maintained cryptocurrency holdings equivalent to $10 million in seventy distinct wallet accounts distributed across three cryptocurrency exchanges. […]
The Seven Pillars of the LayerK Ecosystem
As one of the most ambitious projects in the Web3 space, LayerK has been meticulously crafting a solution that combines the finest elements of the digital asset space into one cohesive platform. It seeks to streamline blockchain and crypto processes, making them comprehensible and accessible to all. Under this vision, the project has identified seven […]
Coinbase Adds Support for Bitcoin Lightning Network
Coinbase has initiated support for the Bitcoin Lightning Network, allowing users to seamlessly transmit Bitcoin via Lightning or the Bitcoin network. The layer-2 Lightning Network enables Coinbase clients to transmit Bitcoin at a lower cost and in a more practical manner than transactions conducted on the Bitcoin blockchain. To utilize the Lightning Network, the intended […]