On March 15th, 2023, Euler Finance, a decentralised finance (DeFi) protocol built on the Ethereum network, suffered a flash loan attack resulting in the loss of $199 million worth of digital assets. However, on March 21st, 2023, new developments emerged as North Korea's Lazarus Group, the same group responsible for the $540 million Ronin Bridge attack last year, attempted to steal from the Euler Finance hacker responsible for the recent attack.
As it grapples with the ever-tightening leash of American crypto enforcement, Binance sets its sights on UK regulation, a significant pivot in its strategic blueprint. In a candid admission of the trying circumstances in the US market, Binance's top strategy executive concedes to the mounting difficulties that the crypto giant is facing.
When Meta announced its initiative allowing artists to sell NFTs on Instagram, it was seen as a positive development for the struggling NFT industry. Now that the tech giant has terminated the project, web3 enthusiasts have mixed reactions to the sudden move.
Attorney Kyle Roche has withdrawn from cases against Bitfinex and Tether. The CEO of Ava Labs denied there was anything unusual about the company's relationship with Roche, despite a video that was leaked.
Avalanche, a popular Layer 1 blockchain, has announced new support for native Bitcoin (BTC) through its bridge solution built on its cryptocurrency wallet Core. As a result, in the past 24 hours, AVAX has outperformed major digital assets such as Bitcoin and Ethereum.
According to sources familiar with the matter, Ava Labs Inc., the lead developer of the Avalanche blockchain, is in the process of raising a second round of funding. According to the new valuation, it would rank among the world's most highly valued crypto startups.
Charles Hoskinson, founder and CEO of Cadano, has once again responded to critics -- this time around Emin Gün Sirer, the founder and CEO of Avalanche's Avalabs. Cardano's DeFi ecosystem has been criticized for its slow pace of growth, as reflected in its TVL.
UST stablecoins were used to buy $100 million in AVAX by the Luna Foundation Guard. Terraform Labs exchanged an additional $100 million in LUNA for the AVAX equivalent.
Blockchain technology and artificial intelligence (AI) are two disruptive technologies that are changing the business landscape. The two technologies that have matured and gained market traction since the Bitcoin white paper was published in 2008. The rise of ChatGPT has been spectacular, the tool amassed a million users in only five days, setting a new record for the fastest-growing user base in the history of consumer applications. However, behind the scenes, a more robust data infrastructure is required to enable the meaningful rise of AI.