Offchain Labs Acquires Prysmatic Labs
By buying the team behind Prysm, Ethereum’s most popular consensus layer client, Arbitrum is extending its layer 2 tentacles down to Ethereum’s base layer. Offchain Labs, the company behind the Ethereum layer 2 network Arbitrum, said it was buying Prysmatic Labs, which was one of the main engineering teams behind Ethereum’s move to proof-of-stake. The […]
Kazakhstan Government Adopts New Crypto Rules
The lower house of the country’s parliament has passed five bills related to digital assets. The government is trying to get a tighter hold on crypto activity, especially crypto mining, so these bills are a step in that direction. The Russian news agency TASS said Wednesday that the lower house of Kazakhstan government, called the […]
Mango Markets Receives New Ultimatum From Exploiter
The hacker says he will send back the stolen MSOL, SOL, and MNGO if Mango Markets agrees to pay back bad debts with USDC from its treasury. The bad trader who recently used a scam to steal $100 million from Solana-based decentralized finance (DeFi) lending protocol called Mango Markets has given the community an ultimatum. […]
Tron Enters Partnership With Dominica Government
A new law says that the government of the Caribbean island could accept native Tron tokens like TRX and USDT for public payments like taxes. A news release from Oct. 7 says that blockchain network Tron has made a deal with the government of Dominica to issue a national fan token to promote the Caribbean […]
Solana DeFi Exchange Mango Experience Market Manipulation
The trader took advantage of the fact that there wasn’t enough money in the market by changing the price of MNGO on the decentralized exchange Mango. A bad crypto trader used millions of dollars to rig the prices of Mango’s MNGO tokens on its own decentralized exchange (DEX) to drain over $116 million from the […]