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Legendary Investor Tim Draper Leads Bitcoin Lending Protocol Zest’s $3.5 Million Seed Round
17.5.2024
Draper Associates, the VC firm led by the legendary investor Tim Draper, has led the $3.5 million seed round of Zest Protocol, a Stacks-based Bitcoin lending market. The round, which also had the participation of Binance Labs, Flow Traders, Trust Machines, and others, seeks to allow bitcoin holders...
Solana Meme Coin Marketplace Pump.fun Suffers $80 Million Exploit
16.5.2024
Pump.fun, a Solana-based marketplace and deployment tool for meme coins, has acknowledged suffering an exploit dealing with the bonding curve contracts in its platform. While the protocol is still investigating the matter, it reported that “the TVL in the protocol right now is safe,”...
PEPE coin reached an all-time high, earning a whale $14 million
16.5.2024
PEPE has significantly increased by 28.27% over the last 7 days and 110.67% over the last 30 days. This has sparked optimism within the ecosystem, causing several traders to consider their strategies for banking a decent profit. One whale has sold their share to make a profit of around $14 million....
Crypto Experts Pile Into New Solana Project – Next 100x Meme Coin?
16.5.2024
Is this the next 100x meme coin? Some would say so. In just under three weeks, Solana’s all-American hillbilly $SEAL has attracted over $1.2 million catching the attention of investors worldwide. That’s because, hilarious as he is, Sealana is at the forefront of a new wave of meme coins...
BlockDAG Takes The Lead With New Dashboard Features, Overshadowing Dogecoin And Litecoin In The Market; $26.8M in Presale Already!
16.5.2024
As Dogecoin demonstrates resilience through market fluctuations and Litecoin hints at a breakout, BlockDAG distinguishes itself with a strategic showcase at Piccadilly Circus and a significant update to its dashboard. This event has solidified BlockDAG‘s position as a top contender in...
Humanity Protocol Achieves Unicorn Status with $30 Million Funding, Valuation Reaches $1 Billion
16.5.2024
Humanity Protocol has achieved unicorn status following a recent funding round that raised $30 million, resulting in a valuation of $1 billion.
The post Humanity Protocol Achieves Unicorn Status with $30 Million Funding, Valuation Reaches $1 Billion appeared first on Cryptonews
Brothers Arrested for Allegedly Exploiting Ethereum Blockchain to Steal $25 Million in 12 Seconds
16.5.2024
Two brothers, both graduates of the prestigious Massachusetts Institute of Technology (MIT), have been apprehended and charged with exploiting a vulnerability in the Ethereum blockchain.
The post Brothers Arrested for Allegedly Exploiting Ethereum Blockchain to Steal $25 Million in 12 Seconds...
Bitfarms Terminates CEO Geoffrey Morphy, Faces $27 Million Lawsuit
16.5.2024
Bitfarms Ltd., a global bitcoin mining company, has announced the immediate termination of Geoffrey Morphy as president and CEO, along with his removal as a director. Following his dismissal, Morphy filed a lawsuit against the company, seeking $27 million in damages for alleged breach of contract...
Sonne Finance suffers $20 million loss in security breach
15.5.2024
Sonne Finance became the victim of a safety infraction which left the business with a loss amounting to the tune of $20 million. The hackers completed their misdeeds in two phases. They first targeted the USDC and WETH contracts of the company, siphoning off $3 million and in the following phase...
Trending New Solana GameFi Token Mega Dice Smashes $1M Raise in Crypto Presale
15.5.2024
Trending new Solana GameFi token Mega Dice ($DICE) has smashed through the $1 million milestone in its ongoing presale. On sale at an initial price of $0.069, the $DICE presale price has today risen to $0.075, representing an 8.6% hike. Moving quickly now will secure buyers the lowest possible...
Sonne Finance Suffers $20M Exploit, Hacker Flees
15.5.2024
Lending protocol Sonne Finance halted operations after a hack drained $20 million in cryptocurrencies, including WETH and USDC, and flees.
The post Sonne Finance Suffers $20M Exploit, Hacker Flees appeared first on Cryptonews
Over 1 Million New Tokens Launched Since April, Ethereum and Solana Lead the Way
15.5.2024
The cryptocurrency market has witnessed the launch of over 1 million new tokens since the beginning of April, with Ethereum and Solana leading the way.
The post Over 1 Million New Tokens Launched Since April, Ethereum and Solana Lead the Way appeared first on Cryptonews
Defi Protocol Sonne Finance Reports Major Security Breach, $20 Million Lost to Hackers
15.5.2024
Sonne Finance, a decentralized liquidity market protocol, was hit by a cyberattack, with initial losses of $3 million in USD Coin and Wrapped Ethereum from its Optimism chain quickly escalating to $20 million, as detected by blockchain security firm Cyvers on May 15. Following the attack, Sonne...
More than one million new tokens have been launched since April
15.5.2024
Nearly half of the one million new tokens launched since April 1 have been memecoins created on the Solana network
Moonpay Donates $1 Million to Stand With Crypto
15.5.2024
Moonpay, one of the largest cryptocurrency onramp and offramp providers, has donated $1 million to Stand With Crypto, a nonprofit that seeks to rally American voters around the cryptocurrency cause. Moonpay CEO Ivan Soto-Wright stated that the donation made would contribute to creating...
Billionaire Peter Thiel’s Venture Capital Firm Leads Polymarket’s $45 Million Series B Funding Round
15.5.2024
Billionaire Peter Thiel’s Founders Fund recently led the Series B funding round for the crypto-based prediction markets platform, Polymarket, which raised $45 million. The latest round valued Polymarket lower than the $1 billion it had anticipated before the Commodity Futures Trading Commission...
Top 10 US Pension Fund Invests $162 Million In Bitcoin ETFs
14.5.2024
Wisconsin's leading pension fund bought shares in both BlackRock and Grayscale's Bitcoin ETFs.
The post Top 10 US Pension Fund Invests $162 Million In Bitcoin ETFs appeared first on Cryptonews
Tether Takes Action: $5.2M in USDT Frozen Due to Phishing Links
14.5.2024
Tether is still keeping an eye out for illegal activity taking place on its blockchain. Tether detected and blocked USDT worth $5.2 million on May 14 as part of its efforts to impose stringent network controls and stop money laundering.
The post Tether Takes Action: $5.2M in USDT Frozen Due...
Unofficial GameStop memecoin surpasses $100M in market cap
14.5.2024
The Solana memecoin has soared more than 2,000% in the past week following the surge in GameStop's stock
Rain crypto exchange loses $14.1 million in hack
14.5.2024
Rain, a centralized cryptocurrency exchange in Bahrain, fell victim to a hacking incident. The exchange is basically a user-oriented link, adhering to Islamic finance-related fundamentals. Rain provides trading pairs for multiple cryptocurrencies, such as Bitcoin, Ethereum, and many more. It...