Author name: Peter

Attack on Stars Arena: Blockchain Platform Endures $2.9 Million Breach

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Stars Arena, a pioneering on-chain social application developed on the Avalanche blockchain, was victimised by malicious hackers to the tune of $2.9 million. The cyberattackers successfully exploited a flaw in the smart contract protocols of the app, leading to substantial loss of funds. However, the team at Stars Arena has immediately taken action, proclaiming that […]

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Understanding ADA: An Insight into the Prominent Blockchain Network Cardano

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Ranked as the eighth-largest cryptocurrency by market capitalization on October 6, 2023, Cardano – usually denoted by its ticker ADA, has been instrumental in determining the shape of the evolving digital currency ecosystem. Worth over $9 billion and contributing a significant 0.817% to the $1.08 trillion digital currency market, ADA has been gaining recognition as

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Chainalysis Initiates Another Wave of Crypto Job Reduction Amidst Industry Challenges

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Chainalysis, a leading firm in the field of blockchain forensics, has announced another significant trimming of its workforce. This action comes hot on the heels of the firm's previous round of layoffs conducted earlier the same year. This news is set against the background of a turbulent time for the whole sector, with multiple organizations

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Unraveling the Weekend Gains of Bitcoin Cash and Tron

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An exciting twist occurred as the weekend dawned, marking major gains for two widely-recognized cryptocurrencies, Bitcoin Cash (BCH) and Tron (TRX). This rise concluded a period of slump for both digital currencies, stimulating positive momentum within the market. These notable gains seemingly signal promising potential for the digital currency market, fueled largely by the broader

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Kraken’s Strategic Move: Acquisition of Dutch Crypto Broker Coin Meester

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Giant cryptocurrency exchange Kraken unveils an ambitious plan designed to cement its foothold in the European market. This intention is crystalized through the acquisition of Coin Meester B.V. (BCM), a revered Dutch crypto broker. Kraken's focus on the Netherlands stems from their strategic plan, namely the European Expansion blueprint. "Compliance with European standards" is a

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FTX Co-founder Alleges Misappropriation of Client Funds in Testimony

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Former CTO Exposes Covert Diversion of Billions by FTX CEO In a compelling account given to federal prosecutors on Friday, Gary Wang, the co-founder of FTX, made shocking allegations against CEO Sam Bankman-Fried. According to Wang, Bankman-Fried secretly redirected billions of dollars from customer accounts to fuel trades for his hedge fund, Alameda Research. Wang

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Gold: Who’s Really Buying It?

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Gold has been experiencing a downswing this week, reaching a six-and-a-half month low. However, the yellow metal found some modest support due to lower Treasury yields, the possibility of another US government shutdown, and concerns about the Chinese economy. Despite this, upcoming announcements and data releases are expected to cause further decline in the gold

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