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Dec 28

Telcoin project lost $1.3 million due to exploit

Telcoin, a prominent project, faced a significant setback losing approximately $1.3 million due to an exploit within their implementation of the wallet on the Polygon network. This exploit triggered a staggering over 40% decline in the price of the Telcoin token (TEL) after the error was discovered and publicly acknowledged. The vulnerability within the wallet on the Polygon network was initially detected by PeckShield analytics, revealing a critical flaw. Subsequently, an attacker capitalize...

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Bank of England: digital pound can work without blockchain

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An unknown person exchanged $131,350 in USDR for $0 in USDC

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Ledger announced 12% staff reduction

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The developers have published a draft code Uniswap v4

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dYdX lost $9 million as a result of a “targeted attack”

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Israel has arrested 189 terrorist-linked Binance accounts since 2021

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Skulanya

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Skulanya

Experienced HR Data Analyst with a demonstrated history of working in the computer software industry.

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Blog iconSkulanya
Nov 21
dYdX lost $9 million as a result of a “targeted attack”
Amidst the tumultuous upheaval, decentralized derivatives exchange dYdX found itself reeling in the aftermath of a strategic onslaught, relinquishing approximately $9 million from its fortified insurance fund. This financial reserve was swiftly tapped to offset the collateralized liquidations inundating the Yearn Finance (YFI) token market, unraveling a saga of monetary turmoil. Seeking to assuage mounting concerns, the dYdX team promptly reassured its expansive user base, affirming the fund&...
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Oct 13
An unknown person exchanged $131,350 in USDR for $0 in USDC
On October 11, a mysterious trader made an unusual and seemingly unfortunate transaction by exchanging $131,350 worth of USDR for a minuscule amount of less than 0.0001 USDC. This peculiar transaction occurred amidst the sudden depreciation of the stablecoin Real USD (USDR) and raised questions regarding the circumstances that led to this apparent mishap. In addition to the unfavorable trade, the trader had to pay a transaction fee of 0.0012 BNB, equivalent to around $0.25. The unexpected and...
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Oct 6
Ledger announced 12% staff reduction
Ledger, a stalwart in the realm of hardware wallet development, finds itself embarking upon a rigorous voyage through a labyrinth of corporate decisions in the face of perturbing macroeconomic headwinds. As the conductor of this unfolding symphony, the esteemed CEO, Pascal Gauthier, has raised his baton to announce to the ensemble of Ledger's dedicated employees a resounding note of change. This operatic transformation, orchestrated with precision, will see a 12% diminishment of the work...
TVL Friend.Tech jumped $13.5 million in two weeks
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Sep 11
The Web3-social network Friend.Tech has experienced a remarkable resurgence in activity following a period of what some referred to as "clinical death." Over the course of just two weeks, the total locked value (TVL) of funds within the protocol has seen a substantial increase, surging by 210% from $6.4 million to nearly $20 million, marking a significant revival in user engagement and capital influx. Dune Analytics data indicates that on September 9, the daily trading volume on Friend.Tech r...
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Aug 22
The share of Ordinals in bitcoin transactions was 85%
In a digital tapestry woven with transactions, a peculiar narrative emerges from the world of the first cryptocurrency. On August 20, the network of Bitcoin bore witness to a spectacle – the Ordinals commanded the stage, orchestrating 450,785 transactions out of a grand total of 530,788. Within this symphony of digits, the share of Ordinal-related transactions stood at a remarkable 85%, a testament to their prominence within the Bitcoin ecosystem. As the digital realm evolves, Bitcoin's ...
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Jul 26
In the Russian Federation called the benefits of the transition of business to the digital ruble
The Russian Federation sees several benefits in transitioning businesses to the digital ruble, with one of the key advantages being significant savings on acquiring commissions charged by banks. The Chamber of Commerce and Industry in Russia has highlighted this potential advantage as part of the broader move towards adopting the digital ruble. Acquiring commissions are fees that businesses typically pay to banks or payment processors for processing electronic transactions, such as credit car...
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Jul 14
9800 BTC seized from Silk Road set in motion
US authorities have taken action to move the seized Bitcoin (BTC) that was confiscated from the notorious darknet marketplace Silk Road. This development marks another significant step in the ongoing legal proceedings related to the Silk Road case. Silk Road was an online marketplace notorious for facilitating illegal activities, including the sale of drugs, hacking tools, and other illicit goods using Bitcoin as the primary form of payment. As part of the investigation and subsequent legal p...
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Jun 28
Bank of England: digital pound can work without blockchain
In a recent announcement, Tom Mutton, the head of the Central Bank Digital Currency (CBDC) project at the Bank of England (BoE), revealed that the digital pound, commonly referred to as "Britcoin," may not necessarily be built on a blockchain infrastructure. Mutton stated that the BoE is considering the possibility of utilizing conventional software instead. The UK authorities are currently exploring the potential benefits and implications of introducing a digital currency. Mutton noted that ...
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Jun 14
The developers have published a draft code Uniswap v4
Exciting news has emerged from Uniswap Labs as they recently made a significant development announcement. The team has taken a major step forward in advancing the Uniswap protocol with the release of an early code implementation for the highly anticipated Uniswap v4. This next iteration of the protocol is poised to bring forth innovative features and improvements that aim to enhance the decentralized exchange experience for users. By posting the early code implementation on GitHub, Uniswap La...
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Jun 2
Ethereum mixer Tornado Cash DAO regains control
In a remarkable turn of events, the Ethereum mixer Tornado Cash DAO has successfully regained control over its operations, marking a significant milestone for the project and its community. This achievement comes after a period of uncertainty and challenges, during which the Tornado Cash DAO faced disruptions and temporary loss of control. The Tornado Cash DAO, known for its innovative approach to privacy-enhancing transactions on the Ethereum blockchain, encountered a setback when it tempora...
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May 16
SEC Reduces LBRY Penalty from $22M to $111,614
In a notable turn of events, the U.S. Securities and Exchange Commission (SEC) has requested a substantial reduction in the civil penalty imposed on crypto startup LBRY. The regulatory body seeks to decrease the penalty from a staggering $22 million to a significantly reduced amount of $111,614, following its victory in a previously filed lawsuit. The SEC's allegations against LBRY, a decentralized content publishing platform, stemmed from claims that the company engaged in the sale of u...
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May 5
Israel has arrested 189 terrorist-linked Binance accounts since 2021
Israeli authorities have reportedly arrested 189 individuals linked to terrorist organizations who were using cryptocurrency exchange Binance to fund their activities. According to a report by Israeli news outlet Globes, the arrests were made since 2021 and came as part of a joint operation between Israeli police and Binance. The report states that the individuals had been using Binance to transfer funds to and from Gaza-based terrorist organizations, including Hamas. The accounts were report...