Cross-chain protocols are continuing to face challenges, with Synapse Bridge narrowly averting a multi-million exploit. On Nov. 7, Synapse Bridge announced on Discord they had prevented a hacker from draining approximately $8 million USD from the Avalanche Neutral Dollar (nUSD) Metapool. The hacker attempted to exploit a vulnerability using the bridge to transfer assets from …
Yearly archives: 2021
Matter Labs raises $50M to build EVM-compatible zk-rollups
Matter Labs has announced a major new funding round to further develop the second version of its Ethereum-based rollups, zkSync. On Nov. 9, Matter Labs announced it had secured $50 million in a Series B round led by Andreessen Horowitz and included participation from existing investors Placeholder and Dragonfly Capital. The new round follows Matter Labs’ …
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Carbon neutral crypto spot ETFs to launch in Canada
Two carbon neutral cryptocurrency-backed exchange-traded funds are poised to launch in Canada offering a greener alternative for institutional investors. Canada-based asset manager Purpose Investments is readying to launch two new crypto-based ETFs on the Toronto Stock Exchange on Nov. 9, both of which offer investors a carbon offset. Purpose will launch their Bitcoin and Ethereum …
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Dogecoin (DOGE) community prepares for mainstream adoption, as devs taunt new version
The new Dogecoin Core version, which will ensure that all network participants pay lower transaction fees, is close to being released, according to the developers. While the minor version release will enable third-party wallets to support cheaper transaction fees, Dogecoin (DOGE) enthusiasts anticipate the upgrade to spur the token’s mainstream adoption. Finalizing fee reductions “It’s …
Fashion and Beauty Firm Vogue Singapore to Drop NFT Covers via Opensea
On November 10, 2021, Vogue Singapore, a team dedicated to fashion, beauty, and “stories that matter,” is launching a non-fungible token (NFT) drop on the marketplace Opensea. The drop will be the fashion and lifestyle magazine’s first NFT collection featuring digital-only Vogue covers crafted by NFT artists. Vogue to Drop the Firm’s First NFT Collection …
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NYC Mayor-Elect Wants Schools to Teach Crypto, Says Bitcoin Is New Way to Pay for Goods and Services
New York City Mayor-elect Eric Adams plans to make NYC the center of crypto and innovation. He says we must open our schools to teach cryptocurrency and blockchain technology, noting that bitcoin is “a new way of paying for goods and services throughout the entire globe.” NYC Mayor-Elect Wants Schools to Teach Bitcoin, Crypto, Blockchain …
Square Unveils Plans to Help Bitcoin Become the Native Currency for the Internet
Square Inc. has affirmed that its focus is on helping bitcoin become the native currency for the internet. CEO Jack Dorsey explained, “We have a number of initiatives toward that goal” that will help “bitcoin reach a mainstream audience while at the same time strengthening the network and ecosystem.” Square’s Focus Is on Helping Bitcoin …
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TRON Unveils $1,111,111,111 Ecosystem Fund Amid Anticipated BTTC Launch and Heightened VTRX Demand
November 8, 2021 – Singapore, Singapore TRON, one of the largest and most popular blockchain ecosystems, is introducing a new $1,111,111,111 ecosystem fund designed to entice developers to its network of blockchains and services. The fund aims to deliver more developer-friendly tools that can be leveraged to enlarge and refine a burgeoning ecosystem that already …
Telos raises $8M funding before EVM launch to avoid token sales
Blockchain platform Telos raised $8 million in funding led by ConsenSys and Polygon investor John Lilic. The funding was secured right before the launch of Telos’ Ethereum Virtual Machine (EVM) platform, ending the company’s ongoing streak of bootstrapped initiatives. Telos aims to redirect the recently secured capital on the platform’s development and marketing in addition to …
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Record whale accumulation precipitated latest all-time high Bitcoin breakout
Bitcoin investors appear to be increasingly sitting on their hands in hopes of higher prices, with the share of Bitcoin’s supply that has remained inactive for the past three months spiking to a record high of 85%. On-chain analytics provider Glassnode identified the milestone in its Nov. 8 “The Week Onchain” report, concluding: “Investors are …
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Civic launches free tool to combat NFT-hungry bots on Solana
Identity verification tech firm Civic Technologies has launched a free tool to combat botting activity in Solana (SOL)-based NFT drops. According to a Nov. 8 announcement, Civic’s new tool “Ignite Pass” will filter out bots by requiring buyers to complete a liveness verification before being approved to make NFT purchases. Civic’s website notes that users …
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5 Top Crypto to Buy This Week [BTC, ETH, BNB, SOL, DOT] November 2021 Week 2
The crypto market has rallied in the last few days and is up 3.86%, with over $2.8 trillion in total value locked (TVL). This boom was due to a push by investors looking for the top crypto to buy for long-term growth. If you are undecided about which assets to invest in, here are some …
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KuCoin token Price at $21.62 after 12.4% gains – How to buy KCS
The KCS token has been making major gains over the past few days. The token has just created a new all-time high, and it is still keeping up with the uptrend, signifying that more gains are yet to be made. KCS is trading at $21.62 at the time of writing after a 12.4% gain in …
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Kazakhstan planning to regulate VASPs through proposed law
When China banned crypto mining earlier this year, Kazakhstan became the next major mining hub for miners. However, due to power outages, the country limited the access to electricity by Bitcoin miners. However, with the growing adoption of mining also comes increased use of digital assets. Due to this growth, the country is now looking …
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FBI issues advisory on fraudsters using crypto ATMs
The Federal Bureau of Investigation (FBI) has issued a warning over increased scams done through cryptocurrency ATMs. The FBI noted an “increase in scammers” using crypto ATMs and Quick Response (QR) codes for fraudulent dealings. Besides the warning, the Bureau also gave people several tips that they can use to protect themselves from these fraudsters. …
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