Crypto News

The PlayDApp exploit continues, with the South Korean NFT and game development platform grappling with a significant security violation. The trouble began on February 9, when unauthorized exposure of private keys was discovered. The blockchainThink of blockchain as a digital ledger that records transactions in a transparent, tamper-proof way. It's a chain of transaction blocks linked chronologically. security company, PeckShield, quickly identified suspicious activity with the creation of 200 million native PLA tokens, estimated to be worth $31 million. PlayDapp promptly responded, suspending its smart contractA smart contract is code that runs automatically when certain conditions are met. Kind of like "if-then" programming. If X happens, then the smart contract... on February 13 to prepare for a potential

January saw an impressive upswing in venture capital investments in the realm of cryptocurrencies, with a reported 113 investment projects made public, indicating a growth of 10.8% compared to December 2023 and a 1.8% increase from January 2023. This surge in funding was witnessed across various crypto market sectors including infrastructure, DeFi, and NFT/GameFi. Top crypto fundraisers such as HashKey Group led the influx with nearly $100 million from its Series A round, shadowed by Core Scient

Nym Technologies has been awarded a grant from ZCash Community Grants, which will facilitate the expansion of Nym mixnet’s metadata privacy measures to the Zcash ecosystem. The Zcash privacy infrastructure gets a boost with this partnership, as Nym plans to address existing data leakage issues at the network level and provide a comprehensive privacy solution for Zcash users. The integration includes the Nym mixnet into the light client libraries developed by the Electric Coin Company, thereby eq

Memeinator, a rising meme coin, has made remarkable progress, amassing an impressive $4M in their public presale. The Memeinator Red Apple Partnership has facilitated the creation of the Meme Warfare game, enhancing the coin’s distinctive value in the congested meme coin market. Memeinator’s official token, MMTR, is currently priced at $0.0208 and is swiftly selling out in Stage 14 of the presale. The price is projected to ascend to $0.022 in Stage 15. Memeinator’s advancement is powered by an a

Vast Bank, notable for being the pioneering US bank cryptocurrency provider, has decided to withdraw from the cryptocurrency sector. This decision was taken following an order received from the Office of the Comptroller of the Currency in October 2023. Initially enthusiastic about the potential of integrating traditional banking with cryptocurrencies, Vast Bank’s departure underscores the volatile nature of the US bank cryptocurrency landscape.

Janet Yellen, the U.S. Treasury Secretary, underscored the importance of imposing regulations on cryptocurrencies in a recent House Financial Services Committee hearing. She highlighted the potential risks to the financial system and investors due to the regulatory gaps in the digital asset sector. Yellen specifically mentioned the necessity for a unified regulatory approach to stablecoins throughout the U.S. With a clear stance on Treasury Secretary Cryptocurrency, she regards regulation as cru

Faced with persistent forex troubles, Nigeria’s Bureau De Change operators in Abuja have ceased activities due to a dollar shortage. They place the blame on the P2PPeer-to-Peer Networks (P2P) networks allow people to connect with each other directly for sharing things - without going through a middleman. cryptocurrency exchange as a part of their difficulties. However, Kue Barinor Paul, an analyst from Nigerian Web3, dismisses these claims as baseless. According to Paul, the allegations that ‘Nigerian BDC shutdown crypto’ are groundless, with cryptocurrency having only a peripheral role in Nigeria’s forex activities. He argues that t

Colin Murphy, a known associate of the notorious Canadian ‘Crypto King’ Aiden Pleterski, has been given a 5-month jail term for defying court orders in Oshawa, Ontario. This sentence follows Murphy’s refusal to surrender his iPhone and allegations of data deletion when a search warrant was executed. Amid the intensifying ‘Crypto King prison’ storyline, Murphy was sued by an investor alleging a loss of $120,000 given to Murphy for investment in Pleterski’s digital currency venture. Despite a cour