Klaytn, Finschia Merge to Forge Asia’s Largest Web3 Ecosystem
Blockchain network Klaytn completed its merger with Finschia, creating a Web3 ecosystem of more than 250 million Asian wallet users. With the help of over 45 businesses, 420 decentralized apps (dApps) and services, and more than 250 million wallet users, the merger seeks to establish a web3 ecosystem in Asia. The combination, which was announced […]
PlayDapp Breach 8th Largest Hack in Crypto History at $290m
PlayDapp’s smart contract exploit enters its fifth day, accumulating over $290 million in losses, marking the largest hack since 2022. The PlayDapp security breach was previously reported, when an unauthorized addition to the PLA token’s minting address was identified by several security analysts, immediately plummeting the token’s value. The incident has continued to unfold throughout […]
QCP Capital Announces New Deadline for BTC’s All-Time-High
According to QCP Capital analysts, Bitcoin will keep rising until March 2024, when it reaches $50,000. For the first time in over two years, Bitcoin has surged beyond $50,000. Some analysts predict this rising trend will last until March 2024. The decision was made in response to the remarkable daily inflows from Bitcoin spot ETFs, […]
Bakkt Receives Green Light for $150M Securities Sale
Bakkt said in a statement that it has been given authorization to fund $150 million through the sale of its securities in one or more offers spread over a three-year period. This follows the company’s statement to the Securities and Exchange Commission (SEC) last week, expressing worries regarding its balance sheet. Bakkt’s assertion: “Bakkt believes […]
OFAC Sanctions Entities Behind Iran’s Digital Currency Program
Organizations that unlawfully exported technology to Iran, including one that created the digital currency platform used by the Iranian central bank, were sanctioned by the U.S. Treasury. A press release from the Department of Treasury’s Office of Foreign Assets Control (OFAC) stated that sanctions were placed on a group of organizations on February 14 for […]