The team behind Balancer, an Ethereum-based automated market maker, believes a social engineering attack on its DNS service provider was what led to its website’s front end being compromised on Sept. 19, leading to an estimated $238,000 in crypto stolen. “After investigation, it is clear that this was a social engineering attack on EuroDNS, the
Altcoins
None Trading, a trading tool for cryptocurrencies and nonfungible tokens built on Discord, has shut down due to a “critical exploit” within its infrastructure. According to the September 20 announcement, None Trading developers said that it has “lost a significant amount of funding” as well as “team tokens” crucial for its operations. “Alongside this, we
Ripple’s XRP token is believed to boast huge potential, but many have wondered how valuable the token can become. Ripple’s CEO Brad Garlinghouse seems to have an answer as he claims the token could become the next Bitcoin. How XRP Can Become The Next Bitcoin A prominent figure in the XRP community, JackTheRippler, shared a
Balancer, an Ethereum-based decentralized finance protocol has confirmed its user interface is currently “under an attack.” The platform notified its community on Sept. 19 at 11:49 pm UTC, urging users to not interact with Balancer’s protocol until further notice. The balancer frontend is under an attack. The issue is currently under investigation. Please do NOT
USD Coin (USDC), the second-largest stablecoin by market capitalization after Tether (USDT), continues expanding across different blockchain networks, now being launched on Polkadot. USDC issuer Circle has officially launched USD Coin on the Polkadot network, the firm announced on Sept. 19. According to the Circle’s website, Polkadot USDC is immediately available for developers and users
AI and crypto isn’t just a buzz phrase AI Eye has been out and about at Korean Blockchain Week and Token2049 in Singapore over the past fortnight, trying to find out how crypto project leaders plan to use AI. Probably the most well-known is Maker founder Rune Christensen, who essentially plans to relaunch his decade-old
Prominent figures in the crypto community have continued to give their takes on why and how a settlement between Ripple and the US Securities and Exchange Commission is likely to happen. This time around, Crypto influencer Zach Rector has stated why he believes a “settlement is guaranteed.” Ripple And SEC Guaranteed To Settle In a
The failure of the bears to sink Bitcoin’s (BTC) price below $25,000-support ignited buying interest last week. The positive momentum picked up further at the start of the new week and buyers are trying to sustain Bitcoin’s price above $27,000. Market participants seem to be buoyant on expectations that the Federal Reserve will not hike
In a series of tweets that have captured the attention of the crypto community, John E Deaton, a lawyer known for his pro-XRP stance, alluded to the existence of damning information about ETH Gate that could be disclosed soon. His comments come in the wake of tweets from Steven Nerayoff, an early adviser to the
The crypto industry is far too focused on token prices, rather than figuring out how smart contracts can be used to solve real-world business problems, according to Google Cloud’s Web3 lead. In an interview with Cointelegraph, Google Cloud’s Head of Web3 James Tromans stressed the need to focus more on the business logic in the
The XRP price has been on a consistent downtrend since the US SEC announced its intention to file for an interlocutory appeal in its case against Ripple. In the two months that have followed Judge Analisa Torres’s ruling, the altcoin has shared all of its gains achieved from the victory. And now, as the XRP
There have been talks of the likelihood of Ripple and the US Securities and Exchange Commission (SEC) settling in their ongoing legal battle. However, recent comments from Ripple’s President Monica Lang suggest that the company is unlikely to settle with the Commission as it plans on seeing the case “all the way through.” Ripple Not
In a strategic move to solidify its position in the crypto industry, Ripple has announced a comprehensive expansion of its Liquidity Hub. This expansion underscores Ripple’s dedication to enhancing user experience, diversifying its asset offerings, and broadening its global presence. Here’s What’s New At Liquidity Hub Ripple’s Liquidity Hub, known for its user-centric approach, is
For a long time, Solana (SOL) has been associated with the founder of now insolvent crypto exchange FTX and hedge fund Alameda Research, Sam Bankman Fried. He was an early investor in the project and invested in numerous Solana ecosystem projects during the 2020-2021 bull mania. So when FTX collapsed toward the end of 2022,
Yesterday, September 13, the US Securities and Exchange Commission (SEC) charged Stoner Cats 2 LLC for conducting an unregistered offering of crypto asset securities. The offering, in the form of non-fungible tokens (NFTs), raised approximately $8 million to finance an animated web series called Stoner Cats. The SEC’s latest action has drawn sharp criticism from
In a recent interview with Bloomberg’s Annabelle Droulers at the Singapore Token2049 conference, Ripple CEO Brad Garlinghouse shared his insights on the ongoing appeal by the Securities and Exchange Commission (SEC) regarding a court decision by Judge Analisa Torres. Garlinghouse expressed his frustration with the SEC’s persistence, stating, “Well, on one hand, it’s frustrating. You
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