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Gala Games has recovered approximately $22 million worth of Ethereum (ETH) from the person responsible for the "vulnerability" incident that took place on May 20 and resulted in the minting of $200 million worth of Gala tokens (GALA). The wallet was frozen after a small portion of the minted tokens were sold.
May 22, 2024Hong Kong's Personal Data Privacy Commissioner (PCPD) has concluded its investigation, stating that cryptocurrency project Worldcoin's activities violate the city's personal data protection laws. In a notice dated May 22, PCPD Commissioner Ada Chung Lai-ling issued a mandatory enforcement notice to Worldcoin, ordering the iris scanning devices used as part of the project to immediately stop collecting iris and facial images of the public.
May 22, 2024Cryptocurrency markets have been experiencing significant activity in recent days. Ethereum price has risen more than 20% in the last 24 hours following news of a potential U-turn by the US Securities and Exchange Commission (SEC). In this bullish environment, the bad actor behind the $25 million Kronos Research attack also took action. It was revealed that the hacker transferred millions of dollars of Ethereum to cryptocurrency mixing service Tornado Cash to launder the stolen funds.
May 21, 2024There has been a significant decline in global startup investments recently. According to Crunchbase data, although there was an improvement compared to the 4th quarter of 2023, startup investments in the 1st quarter of 2024 reached the second lowest level since 2018.
May 21, 2024Is Bitcoin (BTC) experiencing a new rise? While the buying movements seen in recent days are creating excitement in the market, experts are adopting a cautious approach. According to data from TradingView, Bitcoin made a significant gain, climbing above the psychological level of $69,000. However, it is not yet clear whether this rise will be permanent.
May 21, 2024Monday was a turbulent day for crypto gaming project Gala Games (GALA). The price of the GALA token dropped sharply after a suspicious transfer worth over $200 million. This highlighted the security risks still facing the cryptocurrency market and the importance of transparency.
May 21, 2024While Web3 technologies continue to develop rapidly, providing the necessary funding for the implementation of projects becomes a significant obstacle. Traditional funding methods have problems such as bureaucracy, high costs and limited access. Polkadot stepped in at this point and launched a centralized and community-oriented funding platform called "Polimec". Polimec aims to radically change the funding environment for Web3 projects and usher in a new era.
May 20, 2024The cryptocurrency market comes up with new developments every day. While these developments sometimes offer exciting investment opportunities, they can sometimes be the scene of interesting events that need to be learned from the sector. One of the recent events is related to Satoshi Nakamoto, the mysterious creator of Bitcoin (BTC).
May 20, 2024Recently, the cryptocurrency market has been drawing a horizontal graph. While Bitcoin investors generally take a cautious approach, there is an excited wait on the Ethereum side. The source of this anticipation is the upcoming spot Ethereum exchange-traded funds (ETFs) approval.
May 20, 2024Bitcoin has long been described as digital gold and offers high return potential to its investors. However, traditionally Bitcoin investors were not able to take advantage of the “staking” opportunities found in other cryptocurrencies. This is because Bitcoin relies on a consensus mechanism called Proof of Work (PoW) to ensure network security.
May 20, 2024A cryptocurrency investor turned $2,275 into $2.26 million in just eight hours using Solana tokens.
May 20, 2024In the last seven days, the non-fungible token (NFT) market generated sales of $145 million, representing a decline of more than 9% from the previous week. This decline continues the downward trend in sales volume in recent weeks. According to KriptoSlam data, four of the top five blockchains with the highest volume saw a decrease in this period.
May 20, 2024If Bitcoin (BTC) investors want to earn extra income beyond profiting from the coins they already own, it may be useful to consider the "covered strangle" option strategy. Research firm 10X, which has a successful track record of predicting market trends, urged investors to use this strategy on Monday.
May 20, 2024Binance's Financial Crimes Compliance (FCC) department joined forces with the Taiwan Ministry of Justice Investigation Bureau and the Taipei District Prosecutor's Office to solve a digital asset fraud worth 200 million New Taiwan Dollars (approximately US$6.2 million).
May 17, 2024Binance, the cryptocurrency exchange with the world's highest transaction volume, is a center of attraction for those looking for new investment opportunities. However, the fact that more than 80% of the cryptocurrencies listed on Binance have lost value in the last six months is an important warning for investors. This sheds light on the volatile nature of the cryptocurrency market and the potential risks of new projects.
May 17, 2024Bitcoin (BTC) price has increased significantly recently. Bitcoin, which reached $66,700 on May 16, is currently trading around $65,800. Behind this rise lies economic data from the USA.
May 17, 2024The decline experienced throughout the cryptocurrency market in the last two months also hit Ethereum. Ether (ETH) price has fallen to the $3,000 level, losing more than 15% from peaks around $4,100. This decline was not specific to Ethereum. During the same period, the CoinDesk 20 Index (CD20), which broadly measures the entire cryptocurrency market, also lost 17% of its value. However, there have been interesting developments on the Ethereum front in recent days.
May 17, 2024The Solana (SOL) network experienced a significant price increase with the announcement that Archium, the first parallel confidential computing network, will join its ecosystem. This development significantly expands the Solana ecosystem. At the same time, NEAR Protocol (NEAR) is also bullish on the charts. Prom recently integrated Data Usage into NEAR.
May 17, 2024