FBI warns about cybercriminals using DeFi as a target
The enforcement agency (FBI) highlighted smart contracts managing DeFi systems as a specific source of worry. In light of the $1.6 billion in exploits planned for 2022 against decentralized finance (DeFi) networks, the US Federal Bureau of Investigation (FBI) has issued a new warning to investors in these platforms. In a public service notice posted […]
Ava Labs CEO Refutes CryptoLeaks’ Allegations
The CEO’s remarks follow claims made in a blog post by CryptoLeaks that Ava Labs had a “secret contract” with a U.S. legal firm to sue rivals in return for AVAX tokens and ownership. Emin Gün Sirer, CEO of Ava Labs, has rejected as “conspiracy theory gibberish ” shocking charges made by CryptoLeaks that his […]
Singapore’s Central Bank To Impose Crypto Sanctions
The head of Singapore’s Central Bank says that this approach is “synergistic” and that price speculation is the cause of the problems in the crypto world. Ravi Menon, managing director of Singapore’s Central Bank, said that the bank wants to promote a digital asset ecosystem while putting limits on crypto speculation (MAS). Menon said in […]
AVAX Drops 11% After Speculations of Weaponized Litigation
The CEO of Ava Labs said that the claim was “conspiracy theory nonsense.” On Monday, the price of the AVAX token fell to its lowest level since July 13. This happened after a website that called itself a “whistleblower” said that Ava Labs, the company behind the Avalanche blockchain, paid lawyers to hurt competitors and […]
Velo Protocol Technology Gets a $50M Boost
Over the next three years, the company has the option to increase the total commitment to up to $100 million for the Velo protocol. LDA Capital has agreed to give $50 million to Velo Protocol the fintech company Lightnet Group, which makes blockchain-based cross-border payment infrastructure. The company announced this on Monday. Lightnet, which is […]