CeFi Platforms Hacked in 2024
CeFi platforms face escalating hacker attacks, with 70% of stolen crypto funds from breaches, says Cyvers CEO Deddy Lavid. Major losses, like the $235M WazirX hack, highlight urgent need for advanced security measures.
Crypto News
General category for all types of news related to the cryptocurrency world.
Polyhedra Proof Cloud Enters Open Beta
Polyhedra Network launched Proof Cloud in open beta at Google ZK Summit, supported by Google Cloud, Polygon, Linea, and Lita. Key feature Proof Arena optimizes ZK-proof performance, reducing costs by up to 90%.
99Bitcoins Token Likely to 10x
99Bitcoins token presale (99BTC) raises $2.5M, introducing a learn-to-earn model. Users earn XP points for courses, convertible to tokens. Experts predict a 10x growth post-IEO, connecting to a $1.3T liquidity pool.
Cartesi CTSI Honeypot Challenge Unsolved
Cartesi’s Honeypot dApp, launched in September 2023, remains unbroken despite a $1M CTSI reward for exploits. This underscores its security and highlights Cartesi’s commitment to platform safety and innovation. #Blockchain #Security
Elixir Network Unveils Decentralized deUSD Stablecoin
Elixir Network launched deUSD, a decentralized synthetic stablecoin with $1B liquidity, minted by stETH and sDAI. It integrates with DEXs to boost yields and aims for $300M TVL in the Apothecary program.
Riot Acquires 10.23M Bitfarms Shares
Riot Platforms increased its Bitfarms stake to 15.9% by acquiring over 10M shares for $159.1M. Shares were bought at $2.48-$2.84 each, while Riot’s stock trades at $10.61 per share. #CryptoNews
Karak Unifies Space and Time for Rewards
Karak integrates Space and Time as a zero-knowledge coprocessor for its Distributed Secure services, enhancing security and scalability for decentralized applications. The platform, built on Ethereum, recently raised $48M in Series A funding.
Worldcoin Unveils ID Verification in Austria
Worldcoin launches World ID verification in Austria, adding to 6.3M global users. Orb scanners, audited by Trail of Bits, enhance security. Regulatory challenges in Spain and Portugal persist. Initiative aims to boost secure cryptocurrency transactions.
AI-Integrated Blockchains Transform Development Environments
Blockchain technology faces high costs and skill gaps. Integrating on-chain AI can optimize transaction validation, enhance security, and improve scalability across sectors like finance and healthcare, ensuring a flexible and customized future. Collaboration is key.
Hyperbolic Mintify Secure $10M Web3 Funding
Web3 startups Hyperbolic and Mintify raised over $10M in funding. Hyperbolic secured $7M for a blockchain-based AI platform, while Mintify raised $3.4M to enhance NFT trading infrastructure, expanding from Ethereum to Bitcoin Ordinals.
Bitvavo Integrates Nasdaq Surveillance Tool
Dutch crypto exchange Bitvavo partners with Nasdaq to use Market Surveillance for detecting market abuse, enhancing investor protection, and aligning with EU’s MiCA regulation. The tool also aids in regulatory reporting and trading insights.
UK Crypto Asset Classification Bill Submitted
The Law Commission of England and Wales proposes a new personal property category for cryptocurrencies and digital assets, including a draft bill for a robust legal framework. In the US, Senator Lummis seeks to use Bitcoin as a reserve asset.
Worldcoin ID Verification Launches in Austria
Worldcoin launches iris-scanning ID verification in Austria, rewarding users with WLD tokens. This expansion, despite privacy concerns, follows similar services in Germany. Founded by Sam Altman, Worldcoin secured $115M in May 2023.
Justin Sun Triumphs in Chinese Court Case
Abra and CEO William Barhydt settle with 25 US states over unlicensed crypto trading, avoiding $250K penalties per state and facilitating $82M in customer repayments. Barhydt is barred from licensed money services in these states for five years.