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Fantom Foundation Hacked, Estimated Loss Ranges Between $657K to $6.7M
October 17, 2023
The Fantom Foundation, responsible for developing the Fantom network, has allegedly become a victim of a crypto attack, with estimates of the loss ranging from $657,000 to over $6.7 million. …
Read moreUS Federal Reserve Expresses Concerns about Central Bank Digital Currencies and Stablecoins
October 17, 2023
In recent addresses, US Federal Reserve Governor, Michelle Bowman has accentuated skepticism regarding the role and necessity of Central Bank Digital Currencies (CBDCs) and stablecoins. She has expressed that financial …
Read moreFantom Foundation Acknowledges $550K Loss in Larger $7M Crypto Attack
October 17, 2023
The Fantom Foundation reported that they, along with their team, lost hundreds of thousands of dollars in a crypto attack on Oct. 17. The Foundation’s official account released a statement …
Read moreWeb3-Enabled Hello.App Raises Funds to Challenge Centralized Storage Providers
October 17, 2023
The Web3-enabled decentralized storage system, Hello.app, has recently managed to secure €300,000 in pre-seed investment. This platform was brought to light by young visionaries Álvaro Pintado Santaularia and Alexander Baikalov.Designed …
Read moreRipple's Recent Developments: Possible IPO and Advancements in Gaming
October 17, 2023
With recent job postings suggestive of an Initial Public Offering (IPO), Ripple stirred the crypto community. A post for Shareholder Communications Senior Manager led enthusiasts to anticipate the company's public …
Read moreAI Innovations and Economic Pressures Force Major Staff Layoffs in Tech Companies
October 17, 2023
With an increase in competition from artificial intelligence (AI) chatbots, developer and programmer platform, Stack Overflow, has cut its headcount by approximately 28%. CEO Prashanth Chandrasekar addresses macroeconomic pressures impacting …
Read moreAI Expected to Revolutionize Investment Management and YouTube
October 17, 2023
The application of Artificial Intelligence (AI) is set to drastically enhance the management of pension funds, according to a recent research report from Mercer. The report suggests AI can facilitate …
Read moreTrueUSD Vendor Breach Potentially Leaks User Data; Binance US Halts FDIC Insurance and Dollar Withdrawals
October 17, 2023
The team operating the TrueUSD (TUSD) stablecoin announced a potential data leak after one of its third-party vendors was compromised. The breach, which occurred on October 16, may have led …
Read moreNew Guidelines Mandate Banks to Disclose Crypto Exposure
October 17, 2023
In a bid to increase transparency and ensure better regulation of the rising involvement of conventional banking in the rapidly evolving cryptocurrency space, the Basel Committee on Banking Supervision has …
Read moreImpact of False Bitcoin ETF Approval News on Crypto Market Discussed
October 17, 2023
Recent fake news of U.S. Securities and Exchange Commission (SEC) approving BlackRock’s Bitcoin ETF has caused upheaval in the crypto community. On October 16, a report claiming that the SEC …
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