The cryptocurrency industry has recently witnessed yet another unfortunate incident involving a hacking attack. This time, the target was the official Twitter account of Gutter Cat Gang, a popular NFT collection built on the Ethereum network. The attack compromised the account of one of the project’s co-founders, and as a result, an estimated amount between $750,000 and $900,000 was lost….
Arbitrum Network-based Rodeo Finance lost 472 ether ($888,000) in a DeFi exploit today. Blockchain security firm PeckShield revealed that the Rodeo Finance hacker transferred the stolen funds from Arbitrum to Ethereum. Further analysis revealed that the attacker exchanged the stolen tokens for various other assets before converting them back to ether. Hackers once again used Oracle manipulation…
BlackRock CEO Larry Fink has expressed support for Bitcoin (BTC), referring to it as an “international asset” that could revolutionize finance. In a recent interview on Fox Business, Fink stated that his company is keen on reducing the cost and complexity associated with investing in Bitcoin. He said that he believes this move would democratize the cryptocurrency market and make…
Singapore-based blockchain start-up Web3Go has raised $4 million in a seed round led by Binance Labs, the venture capital and incubator arm of crypto exchange giant Binance. According to the press release, other participants in the seed round financing included Hashkey Capital, NGC, Shima Capital, IVC, LIF, Big Brain Holdings, and Archerman Capital. Web3Go, a Binance Labs’ incubation program graduate, has also been selected for additional programs,…
Britain’s biggest retailer Tesco on Monday named Burberry boss Gerry Murphy as chairman, replacing John Allan who stepped down after misconduct claims which he denies. Murphy, chair of fashion house Burberry and food group Tate and Lyle, will start at Tesco on September 1, the supermarket chain said in a statement. He will depart Tate…
here’s good reason why Rivian Automotive (NASDAQ: RIVN) shares are soaring to start the holiday-shortened trading week. As of 11 a.m. ET, Rivian stock was higher by 12.6% after starting the day up by as much as 16.4%. So what Rivian shares are down by more than 80% since the start of 2022. That’s because…
Increased sales of the Chrysler Pacifica minivan and Jeep Compass and Dodge Durango SUVs pushed Stellantis’ second-quarter U.S. new vehicle sales up 6.4% from a year earlier. Stellantis’ sales increase is expected to be among the lowest of the second quarter, according to auto industry forecasters who project industry sales to have increased 16% to…
-Rivian Automotive beat market estimates for second-quarter deliveries on higher production and stable demand for its electric vehicles, sending the company’s shares up more than 14% on Monday. The quarterly delivery numbers are a positive sign for the EV startup that has for months struggled to raise output in the face of supply-chain disruptions and…
Cryptocurrencies hold “no societal benefits,” and should instead be seen as a form of gambling, according to European Central Bank (ECB) board member Fabio Panetta. In a speech held at the Bank for International Settlements (BIS) last week, Panetta argued that cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), fail to serve any meaningful purpose in society. He also made it clear that…
Legal news Prosecutors banned key officials from Haru Investment, Delio, and B&S Holdings from leaving South Korea in connection with “the criminal complaint of digital asset managers for “serial suspending withdrawals” fraud,” Digital Asset reported. The ban has been imposed as a preemptive measure to prevent the executives from leaving the country, while the Seoul Southern District Prosecutors’ Office allegedly investigates a…
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