After having a meeting with con artists who pretended to be investors in a hotel lobby in Rome, the co-founder of the Web3 metaverse gaming engine known as “Webaverse” has stated that the company was the victim of a $4 million crypto heist. According to the co-founder Ahad Shams, the most peculiar feature of the […]
The legal dispute between the inventor of the nonfungible token collection Bored Ape Yacht Club and one of the developers of a copycat collection known as RR/BAYC has been resolved via a settlement. On February 6, Yuga Labs reached a settlement in a legal dispute involving Thomas Lehman, the creator of websites and a smart […]
The Bank of England (BoE) and the Treasury of the United Kingdom are moving on with plans to establish a digital currency that might “offer a new method to pay” without necessarily replacing cash. These ideas are in the early stages. A joint consultation paper on central bank digital currencies (CBDCs) is scheduled to be […]
According to an unclassified study from the United Nations, cybercriminals operating out of North Korea stole more digital assets in 2022 than in any previous year. According to Reuters, the UN report was sent to a 15-person committee that is in charge of imposing sanctions on North Korea one week ago. Following attacks on the […]
A former product manager at the cryptocurrency exchange Coinbase has made a formal request to have the allegations of suspected illegal insider trading dropped against them. Since the tokens that are being alleged to have been traded by him are not securities, his legal team believes that the charges should be dismissed as groundless. The […]
The Chief Executive Officer of the cryptocurrency miner Layer1 Technologies has filed a lawsuit against the other two board members of the business, one of whom being Jakov Dolic, the co-founder of the company. The complaint alleges that the defendants violated several policies and procedures of the company. This allegation is reinforced by the plaintiff’s […]
The decentralized social network Damus has hinted that its mobile application will soon include a feature that would enable users to earn satoshis, the smallest fraction of Bitcoin (BTC), depending on the interaction they get on their posts on the site. In a tweet, the Damus team brought attention to the fact that the “coming […]
The harm that was inflicted by the collapse of major cryptocurrency ecosystems in the previous year is on its way to making a gradual comeback as positive actors take aggressive initiatives to reestablish investors’ faith. Principal participants from the ecosystem of decentralized finance (DeFi) got together to discuss the benefits of running trustless, interoperable, and […]
Virtual Asset Regulatory Authority (VARA), the body in charge of supervising cryptocurrency regulations inside Dubai, has announced new rules for virtual asset service providers (VASPs) operating within the emirate. VASPs refers to companies that offer services related to virtual assets. According to Irina Heaver, a crypto and blockchain lawyer based in the United Arab Emirates, […]
Recently, the decentralized exchange (DEX) system known as CoW Swap came under assault, resulting in the loss of at least 550 BNB (BNB) due to a contract hack that permitted money transfers away from the platform. The occurrence was spotted by the blockchain surveyor MevRefund, which also noticed that the cash seemed to be migrating […]