Web3: Does the Future Really Need Blockchain? The role of blockchain in Web3 is being questioned as the technology struggles with scaling issues. While blockchain solved the double-spending problem, its rigid structure may be hindering the progress of Web3, which demands faster and more flexible systems. According to Grigore Roșu, founder and CEO of Pi…
Cetus Recovery Plan on Sui Echoes Solana’s Strategy After $223 Million Exploit The decentralized exchange (DEX) Cetus, based on the Sui network, is employing a recovery strategy that bears a striking resemblance to one previously used by a Solana project. This approach involves offering a bounty to the hacker in exchange for the return of…
US Senate Advances Stablecoin Bill: A Step Towards Crypto Regulation The United States is taking significant steps toward regulating the crypto space. Recent legislative actions signal a growing understanding and acceptance of digital assets like Bitcoin and stablecoins within the government. This week saw substantial movement on both stablecoin and blockchain-related bills, potentially setting the…
Cetus Offers $6M Bounty After $220M Hack; Sui Faces Decentralization Debate The crypto world is buzzing after a major security breach on the Sui Network. Cetus, a decentralized exchange (DEX) native to Sui, experienced a significant exploit resulting in the theft of over $220 million in cryptocurrency. In response, Cetus has offered a substantial $6…
US Big Banks Eye Joint Crypto Stablecoin: A New Era for Digital Finance? The world of crypto is buzzing with news that some of the biggest banking institutions in the United States are in preliminary discussions about launching a joint crypto stablecoin. This move signals a growing interest in digital assets among traditional financial players,…
Fake Ledger Live Apps Target Crypto Users on macOS Cybercriminals are increasingly targeting cryptocurrency users, and a new threat has emerged for those using macOS. Hackers are distributing malware disguised as legitimate Ledger Live apps to steal seed phrases and drain crypto wallets. This review breaks down the details of this scam and how to…
Sui Validators Freeze Stolen Funds After $220M Cetus DEX Hack In the ever-volatile world of crypto, hacks and exploits are an unfortunate reality. Recently, Cetus, a decentralized exchange (DEX) built on the Sui blockchain, experienced a significant security breach. As reported by Cointelegraph, the incident resulted in the theft of over $220 million in user…
Navigating the Tariff Maze: Semiconductor Exemptions and Their Limited Impact on AI and Crypto The U.S. government’s attempt to shield the semiconductor industry from tariffs has been met with skepticism, as the exemptions appear to offer little practical relief. According to an opinion piece by Ahmad Shadid of O.xyz, the complexities of global supply chains…
Unlocking Blockchain Trust: A Deep Dive into Staking Staking is emerging as a key mechanism in the crypto world, offering a way to maintain blockchain networks by rewarding good behavior instead of relying on high energy consumption. This innovative approach is explored in depth in a recent episode of The Clear Crypto Podcast, where hosts…
Dubai’s Crypto Regulator Clarifies Rules for Real-World Asset Tokenization Dubai is making strides in the crypto world by clarifying its regulations around real-world asset (RWA) tokenization. This move provides a clearer path for virtual asset service providers (VASPs) operating in the region, offering a framework for issuing and listing RWA tokens. The updated guidelines from…
Coinbase Hacker Taunts Investigator After $42.5M Crypto Swap A recent data breach at Coinbase has taken a bizarre turn, with the hacker now taunting blockchain investigator ZachXBT after a significant cryptocurrency swap. The incident highlights ongoing security concerns and the increasing scrutiny of platforms like THORChain for their potential role in facilitating illicit transactions. This…
Microsoft Tackles Lumma Stealer Malware in Broad Cybersecurity Push Microsoft has taken significant legal action against Lumma Stealer, a notorious information-stealing malware. The tech giant has successfully blocked thousands of websites associated with the malware, marking a major victory in the ongoing battle against cybercrime. This action underscores the increasing importance of crypto regulation and…
Pakistan Establishes Digital Asset Authority to Oversee Crypto Pakistan is taking a significant step towards regulating its blockchain and cryptocurrency sector. The Ministry of Finance has reportedly approved the creation of the Pakistan Digital Assets Authority (PDAA), a dedicated body designed to oversee and regulate the burgeoning digital asset landscape in the country. This move…
Synthetix Abandons $27 Million Derive Acquisition Plan After Community Pushback In a surprising turn of events, the decentralized finance (DeFi) platform Synthetix has decided to scrap its $27 million acquisition of the crypto options platform Derive. This decision comes after significant negative feedback from both the Synthetix and Derive communities. The deal, which involved a…
Australian Regulator Seeks High Court Appeal in Block Earner Case The Australian Securities and Investment Commission (ASIC) is escalating its legal battle with fintech firm Block Earner, seeking permission from the High Court to appeal a previous ruling. The core issue revolves around clarifying the definition of a “financial product” under Australian law, particularly in…
VanEck Steps into Avalanche with New Ecosystem Fund VanEck is expanding its reach in the digital asset space with the launch of a new fund focused on the Avalanche blockchain. The PurposeBuilt Fund aims to invest in Web3 projects built on Avalanche, targeting sectors like gaming, financial services, and artificial intelligence. This move highlights the…
Sam Altman’s Worldcoin Project Faces Scrutiny Despite $135M Funding Worldcoin, the digital identification project led by OpenAI CEO Sam Altman, has recently secured $135 million in funding from Andreessen Horowitz and Bain Capital Crypto. This investment aims to expand Worldcoin’s network of iris-scanning orbs, particularly in the United States and across the globe. However, the…
