Blockchain security company CertiK released a report today indicating that investors lost over $60 million in May to scams and exploits. The total amount of money lost to malicious players in the…
Blockchain Analytics Nansen Lays Off 30% Workforce
The blockchain analytics firm Nansen Research confirmed reducing its headcount by 30%. The firm revealed via Twitter that it was cutting off its workforce from areas it considers not essential to its…
What’s Hard Pegging in Crypto? – A Complete Beginner’s Guide
In finance, the term “pegging” means adopting a fixed exchange rate between certain currencies to keep them stable. This idea has been implemented in the crypto market, where a stablecoin is pegged…
From Ubisoft to Square Enix – The Biggest Publishers Building Web3 Games
Several well-known traditional video game studios are now building new games using blockchain technology. Most of these game developers are based in Asia. And as per DappRadar’s prediction, Asia will soon be…
OpenAI Closer to DAO-like Governance with Democratic-Developed AI Rules
San Francisco-based OpenAI is set to welcome the democratic process of formulating rules for governing artificial intelligence. The California-based technology company invited interested teams to participate in its global experiment to formulate…
Hong Kong Granting Retail Users Access to Crypto Trading
A recent declaration by Hong Kong’s securities regulator, virtual asset platforms will become beneficial and accessible to retail investors. Virtual Assets Service Providers Extending Crypto Trading to Retail Investors An announcement by…
Hot Topics on Crypto Twitter – Shaquille O’ Neale Slapped With Two Lawsuits on the Same Day
The crypto market was relatively flat last week. Except for TRON, which posted a 7-day growth of 8.12%, no other top-30 crypto asset recorded massive gains. The biggest losers were Lido DAO,…
Banks across Germany gradually embrace crypto, Target Institutional investors
Despite uncertainties regarding crypto being prevalent across banks in Germany, there is a rising concern about being left out on a possibly game-changing development. German Banks Embrace Cryptocurrencies German banks have largely…
Bitcoin and Ethereum Rally Slows as US Legislators Scramble to Avert Historic Debt Default
The awareness of proximity to the US X-date has prompted the usual last-minute rush from Capitol Hill to resolve the lift with lawmakers to avoid triggering the first-ever default. The potential compromise…
Microsoft President Urges Governments to Expedite Formulation of AI Rules
Microsoft President Brad Smith echoed tech executives’ stance for the government to expedite AI regulation while admitting the companies have a critical input to play too. Microsoft President Brad Smith enjoined the…
All You Need to Know About a Wells Notice
In March 2023, America-based crypto exchange Coinbase was served with a Wells Notice by the Securities and Exchange Commission (SEC). Until now, many still wonder what it meant for the company. If…