Frax Finance X account hacked, CEO suspects ā€˜inside jobā€™ at Elon Muskā€™s office

Frax Financeā€™s X account was hacked on June 1 without a password breach, leading CEO Sam Kazemian to suspect insider involvement.

Frax Finance X account hacked, CEO suspects ā€˜inside jobā€™ at Elon Muskā€™s office

A hacker allegedly gained control of crypto lending platform Frax Finance’s X social media account without accessing or tampering with existing passwords. But how? Frax Finance&r...

3 months ago

Matter Labs drops ZK trademark applications after industry backlash

It follows a public letter from ZK researchers and top industry experts slamming the firm for ā€œoppressive behavior.ā€

Matter Labs drops ZK trademark applications after industry backlash

Matter Labs, the team behind Ethereum layer-2 scaling solution zkSync, has dropped all attempts to obtain intellectual property rights to trademark the term “ZK” — short for &l...

3 months ago

Linea blockchain halt highlights slow decentralization of Ethereum L2s

Linea said it halted the sequencer as a ā€œlast resortā€ action to prevent additional funds from bridging out but intends to decentralize in the near future.

Linea blockchain halt highlights slow decentralization of Ethereum L2s

Ethereum layer-2 blockchain Linea’s decision to halt block production after being hacked highlights the need for layer-2 firms to prioritize decentralization sooner rather than later, says...

3 months ago

Web3 travel gets real with on-chain hotel booking, NFT ticketing, more

Hereā€™s how Web3-powered travel enables transparent and secure hotel reservations, genuine activity reviews and better flight scheduling.

Web3 travel gets real with on-chain hotel booking, NFT ticketing, more

Blockchain technology has introduced a new, decentralized concept to how travel businesses can operate, and the innovation in Web3-powered travel has only grown ever since. It&rsq...

3 months ago

Why Bitcoin may be boosted by a European Central Bank rate cut

The ECB is widely anticipated to implement a 0.25% rate cut, following seven consecutive months of easing inflation across the eurozone.

Why Bitcoin may be boosted by a European Central Bank rate cut

Bitcoin inflows could see an increase this week following a key monetary policy decision in the European Union. The European Central Bank (ECB) is expected to cut interest rates by 0.2...

3 months ago

Robinhood rolls out crypto API for US traders

Robinhood Crypto vice president Johann Kerbrat said that the API allows developers to build custom tools for crypto trading.

Robinhood rolls out crypto API for US traders

Stock trading app Robinhood announced the release of its crypto trading application programming interface (API) for users based in the United States.  On May 30, the investing app...

3 months ago

NFT sales volume tumbles 54% in May: CryptoSlam

NFT sales dropped from $1 billion in April to $624 million in May, with Bitcoin, Ethereum, and Solana-based digital collectibles significantly declining.

NFT sales volume tumbles 54% in May: CryptoSlam

Blockchain-based digital collectibles experienced a slowdown in May despite showing an uptick in April 2024, according to data tracker CryptoSlam. On May 31, the nonfungible token (NFT...

3 months ago

Jack Dorsey-backed Bitcoin mining pool opens headquarters in El Salvador

Launched in late 2024, Ocean Mining has now established an international hub and headquarters in El Salvadorā€™s capital city, San Salvador.

Jack Dorsey-backed Bitcoin mining pool opens headquarters in El Salvador

Ocean Mining, a Bitcoin mining pool backed by Twitter (now X) co-founder Jack Dorsey, is opening a hub in BTC-friendly El Salvador to establish a global presence. On May 29, Ocean...

3 months ago

Wallet on Telegram enforces new KYC rules, switches provider

Before the KYC change, some Telegram's Wallet users did not have to provide any personal information to use the default version of the wallet.

Wallet on Telegram enforces new KYC rules, switches provider

Update May 30, 7:40 pm UTC: The article was updated to mention that before the latest KYC change, some Telegram Wallet users did not have to provide any personal information to use the ...

3 months ago

Terraform, Do Kwon to reach fraud settlement with SEC

Terraform Labs and CEO Do Kwon are finalizing a settlement with the SEC. Both parties are expected to submit the final terms for court approval by mid-June.

Terraform, Do Kwon to reach fraud settlement with SEC

Terraform Labs and its former CEO, Do Kwon, have agreed in principle to settle a fraud case with the United States Securities and Exchange Commission, according to court filings. 

3 months ago

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