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PlayDapp Suffers Security Breach with $32 Million PLA Token Exploited
12.2.2024
The web3 gaming platform PlayDapp has suffered a major security breach, resulting in the unauthorized issue of 200 million PLA tokens. The blockchain security and analytics firm PeckShield Inc. spotted the breach on Feb. 10 and alerted PlayDapp about the exploit in a social media post. Security...
Playdapp Breach: Hacker Mints Tokens Worth $31 Million, Gaming Platform Offers Reward for Silence
12.2.2024
Playdapp, a Web3 gaming platform, recently confirmed that it was a victim of a hacking incident which saw criminals mint tokens worth approximately $31 million. Playdapp said it has offered to reward the hackers if they agree to return the stolen assets and contracts. Crypto Exchanges Urged...
Traditional Banking Sector Helped to Fuel Misconceptions About Regulators’ Stance on Crypto, Says Karim Chaib
11.2.2024
Although many global regulators are commonly perceived to be against offering regulation that is supportive of crypto, Karim Chaib, the CEO of the digital assets platform Web3intelligence, asserts that their stance is, in fact, intended “to ensure a safe and secure environment for both...
UXLINK Revolutionizes Web3 Social Infrastructure with Multi-Wallet Launch, Garnering $8 Million Across 100,000 OKX Wallets
10.2.2024
UXLINK, a leading Web3 social platform and infrastructure with the unique “social acquaintance” and “Group”model, has officially launched a new feature for managing multiple wallets and multi-chain assets. This update was launched on February 2, in partnership with the OKX Web3 wallet....
Blockchain-Based Ride Apps Could Restore Confidence in Ride-Hailing Industry, Says Firdosh Sheikh
10.2.2024
According to Firdosh Sheikh, the co-founder and CEO of DRIFE, blockchain-based ride-hailing platforms could disrupt and revolutionize the industry, much like Uber and Lyft did to the traditional taxi industry over the past decade. To support this argument, Sheikh, whose ride-hailing platform...
Arthur Hayes Argues for ‘Points’ System Instead of ICOs for Crypto Fundraising
9.2.2024
Due to growing regulatory challenges and concerns surrounding ICOs (Initial Coin Offerings) in the crypto industry, BitMEX CEO Arthur Hayes proposed a crypto ‘points’ system as an alternative on February 9. Hayes shared his latest idea in a blog post called ‘Points Guard,’ emphasizing...
Web3 Importance Highlighted in Alex Tapscott’s New Book
9.2.2024
A research report published by Spherical Insights & Consulting found that the global Web3 market size was valued at $1.82 billion in 2022. According to the report, this number is expected to reach $67.92 billion by 2032. Yet while the potential behind Web3 is massive, confusion remains when...
Steven Waterhouse, CEO of Orchid Labs, on DePIN, AI, Decentralized VPNs, and Fighting for Internet Freedom | Ep. 307
9.2.2024
Cryptonews’ Matt Zahab recently sat down with Steven Waterhouse, CEO and co-founder of Orchid Labs, an open-sourced, decentralized marketplace for Internet services that aims to provide the building blocks for a better, freer Internet. In a wide-ranging, exclusive interview, the CEO discussed:...
Binance Partners with INTERPOL to Enhance Global Cybersecurity Efforts
9.2.2024
Binance has taken certain measures to fortify global cybersecurity efforts by collaborating with INTERPOL. In a recent half-day virtual session focused on essential topics related to cryptocurrency investigations and cyber policing in the rapidly evolving Web3 space, Binance hosted over 30 officers...
What Is ERC-404? The Experimental Standard Whose First Token Has Rocketed 12,000% in One Week
9.2.2024
ERC-404 allows multiple wallets to directly own a single NFT, and, in the future, create a use case where that specific exposure can be tokenized and used to take out loans or stake holdings
Animoca Brands Japan and HashPalette help globalize Web3 gaming
9.2.2024
Animoca Brands Japan, a key affiliate of Animoca Brands, has formed a partnership with HashPalette. The joint goal is to provide enough support for the international expansion of Japan’s Web3 gaming industry. The deal states that Animoca Brands will help promote HashPalette’s THE LAND...
Common Wealth Announces the Launch of the World’s First Free VC Fund
9.2.2024
  9 February 2024 [Lisbon, Portugal]: Common Wealth, the powerful, all-in-one platform for early-stage Web3 investments, today announces the launch of a world-first initiative: a Free “earn-to-own” VC Fund. This launch represents a completely novel fusion of community-driven Web3...
AR Rahman teases his upcoming music platform on Hedera
8.2.2024
AR Rahman, a globally renowned music composer, has teased his upcoming music platform on X. He has called it a new voyage, stating that it is their mission to the Secret Mountain. Rahman has also acknowledged in his post the contribution that Hedera and Web3 are making to the development. He...
SocialFi Project Friendzone to Debut on Polygon Blockchain
8.2.2024
Decentralized social marketplace Friendzone is hopping on the Polygon blockchain for a Feb. 26 launch, and eyeing a move to Polygon zkEVM down the line. The app is said to combine the emotional aspects of traditional social media with the financial rewards of Web3 to build online communities....
NFTs Are the Pillars of Digital Capitalism, Animoca Founder Says
8.2.2024
Yat Siu explains why we shouldn't dismiss NFTs as monkey JPEGs and how blockchain acts as a political system of sorts, fostering a consensus-based democratic process
Solana Foundation Teams Up with Abu Dhabi Free Zone for Web3 Push
8.2.2024
Abu Dhabi Global Market (ADGM) and Solana Foundation announced Wednesday an agreement to explore blockchain ecosystem development. The collaboration aims to improve Distributed Ledger Technology solutions and drive forward blockchain innovation, a press release said. “We are excited to partner with...
Breakout Crypto eTukTuk Shatters Expectations with $800,000 ICO – The Ultimate Green Coin?
7.2.2024
  Breakout crypto eTukTuk token’s presale is surging, having just broken above $800,000 in funds raised. Investors have been piling into the sustainable transportation-focused web3 start-ups presale ahead of an imminent price rise. $TUK tokens are currently available at a price of $0.02625....
OKX Breaks Into Argentina With Wallet And Crypto Exchange
7.2.2024
OKX launched localized trading services in Argentina on February 7 to provide Argentinians access to the non-custodial OKX Web3 Wallet. This development will establish a secure gateway for managing DeFi, trading NFTs, accessing dApps, and more in one of Latin America’s largest crypto markets...
Covalent Awarded $200,000 Ecosystem Grant by Optimism Collective for Multi-Year Support
7.2.2024
  Covalent (CQT), the key ‘data availability’ layer of Web3 ecosystems, proudly announces the culmination of a multi-year collaboration with the Optimism Collective. Covalent’s data and direct impact on cross-chain growth for Optimism is now being recognized with this noteworthy milestone....
ENS Partners Godaddy to Link Domains and Web3 Addresses
7.2.2024
Ethereum Name Service (ENS), a Web3 service provider, and Godaddy, a domain and web hosting company, announced they are partnering to link domains with Web3 addresses. The link between current internet domains and Ethereum-based domain services will allow users to leverage their current domain...