Blockchain analytics firm Elliptic says the crypto gaming platform PlayDapp (PLA) lost $290 million worth of crypto assets as a result of security breaches this month. Elliptic says the first breach, suspected to involve a private key leak, happened on February 9th. An unauthorized wallet minted 200 million PLA tokens worth $36.5 million at the …
Monthly archives: February 2024
Altcoin Explodes by Over 50% in Less Than Two Days After Update Promising a ‘Whole New World’ Goes Live
A supply and demand-focused altcoin is skyrocketing amid the release of an update that greatly expands its reach. In a new announcement, VeChain (VET) says that its Account Abstraction upgrade is now live, opening up a “whole new world” for the smart contract platform. “Account Abstraction is now live, opening up a whole new world …
Ethereum Layer-2 Starknet To Distribute Over 700,000,000 STRK Tokens Starting This Month
The Ethereum (ETH) layer-2 scaling project Starknet plans to kick off its first token allocation this month. In a new announcement, the project notes it will distribute more than 700 million Starknet tokens (STRK) to nearly 1.3 million addresses starting on February 20th. Eligible individuals and groups will have four months to claim their tokens, …
Orbs Partners With SYMMIO To Develop Capital-Efficient On-Chain Derivatives
February 15, 2024 – Tel Aviv, Israel Layer three blockchain Orbs has announced a partnership with OTC derivatives platform SYMMIO. The agreement will support the growth of on-chain derivatives trading that makes use of better capital efficiency and taps into deep liquidity. Orbs has seen significant demand for its blockchain- and DEX-agnostic liquidity hub, which …
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Bitcoin ETF Market Blossoms While Gold ETFs Hemorrhage Assets At “Alarming Rate”
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Citibank Says Blockchain May Make Asset Management More Efficient After Tokenization Experiment On Avalanche
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Starkware CEO Hits Back At Criticism That Starknet (STRK) Token Airdrop Unlock Is ”Scammy”
Starkware co-founder Eli Ben-Sasson hit back against criticism that it’s rushing the unlocking of Starknet (STRK) tokens to be airdropped to investors next week. Starkware […] Go to Source
Ethiopia to start mining Bitcoin through new data mining partnership
The Ethiopian government is set to begin mining Bitcoin through a new partnership with Data Center Service — a subsidiary of West Data Group, according to Ethiopia-based Hashlabs Mining CEO Kal Kassa. The partnership was announced by the country’s sovereign wealth fund, Ethiopian Investment Holdings (EIH) on Feb. 15. Under the collaboration, the sovereign wealth …
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Bitcoin’s short-term holders enjoy gains with price surge to $52,000
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Tokenized real world assets (RWA) redefined as personal property in landmark Iowa digital asset bill
A seemingly progressive digital asset bill has been approved by the Judiciary Committee in Iowa, introducing significant amendments to the Uniform Commercial Code, explicitly aiming to integrate digital assets and electronic records into commercial transactions. The bill, House File 2519, is titled “An act relating to commercial transactions, including control and transmission of electronic records …
Historic exchange withdrawal prices in profit for BTC as upward cost basis trend begins
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Tron founder unveils Bitcoin layer-2 solution as BTC DeFi breaks $1.2 billion in TVL
Tron blockchain founder Justin Sun has unveiled plans for a Bitcoin-based layer-2 solution. In a Feb. 15 post on the social media platform X (formerly Twitter), Sun revealed his intent to foster decentralization and seamless integration of diverse token formats within the TRON network and the broader Bitcoin ecosystem. This strategic move would enhance interoperability …
Ark Invest offloads $34 million in Coinbase while shares jump 7% pre-market ahead of earnings report
Ark Invest, led by Cathie Wood, divested over 200,000 units of Coinbase (COIN) shares, marking its first significant sale in over a month, per the firm’s latest trading file obtained by CryptoSlate. The transaction included the sale of 152,600 Coinbase shares from the ARK Innovation ETF (ARKK). The firm also sold 31,459 COIN shares from …
Bitcoin ETFs attract $4.1 billion amid $3 billion gold outflows
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Nexo Partners With Sift for Enhanced Digital Asset Fraud Protection
The digital asset firm Nexo has announced its partnership with Sift, aiming to upgrade its fraud prevention mechanisms. The collaboration between the duo is expected to streamline and secure the user experience for Nexo’s customer base, which exceeds six million globally. Nexo to Leverage Sift’s Fraud Protection Services By integrating Sift‘s payment protection and account …
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