DeFi Protocol Conic Finance Hacked for 1700 ETH
DeFi protocol Conic Finance reported a loss of 1700 ETH, valued at over $3.2 million. Blockchain security firm BlockSec has traced this incident to an unidentified hacker exploiting a reentrancy...
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Polygon Ecosystem Grows With Blocto’s $1M Accelerator
Blocto, a cross-chain wallet and multi-chain Web3 realm, has announced a $1 million accelerator program. The initiative will simplify wallet creation on the Polygon protocols, following the company’s enhanced efforts...
FTX Didn’t Only Defraud Customers; Ellison Was Underpaid Amid Lack of Support: NYT
As the court date for the long-awaited FTX case approaches, personal documents from one of its key executives, Caroline Ellison former CEO of Alameda Research reveal a typical...
Neopets Abandons NFT Game Plans After Raising $4M
Neopets the beloved and longstanding virtual pet franchise has called off its metaverse and NFT gaming venture after securing over $4 million in funding from Avalanche and Polygon...
SEC Chair Gensler Calls Crypto ‘Wild West’ While Asking for More Money
In an effort to grapple with the new frontier cryptocurrency markets, U.S. Securities and Exchange Commission (SEC) Chairm Gary Gensler has called for a budgetary increase for the agency. He...
Polygon Labs Charts Course for Decentralized Governance
In a bid to redefine the governance of its blockchain network, Polygon Labs is advancing its governance mechanism with the proposed Polygon 2.0 upgrade, an announcement read. As revealed on...
Terraform Labs Names Former COO Chris Amani as CEO: WSJ
Terraform Labs, the blockchain company which collapsed in May 2022, has been appointment of former chief operating officer (COO) Chris Amani as its new interim Chief Executive Officer (CEO), according...
Solana Outages Gone? Network Boasts 100% Uptime in Q2
Despite its past of unreliability, a Q2 2023 Solana Network maintained an 100% uptime in Q2 2023, according to the Solana Foundation’s Network Performance Report, representing one of many enhancements...
Avalanche Foundation, HUG Join Forces to Amplify Digital Artists
HUG, an international social network for artists, has announced a collaboration with Avalanche Foundation to provide Avaissance artists with new avenues for global exposure, according to an Avalanche blog post....
Nasdaq Scraps Crypto Custody Plans Amid US Regulatory Issues
Nasdaq has abandoned its anticipated crypto custody service, a move prompted by the ever-evolving U.S. regulatory climate, according to the firm’s CEO, Adena Friedman. This strategic decision, which marks a...
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