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Summary: Tether’s CTO, Paolo Ardoino, has identified a coordinated attack on USDT by traditional hedge funds shorting the stablecoin. According to Mr. Ardoino, the attack involves a new wave of FUD, trolling, clowns, and more. Mr. Ardoino has reiterated that Tether is 100% backed by reserves. He also added that Tether is phasing out
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Cryptocurrencies are very unstable for them to become a widely used method of payment, the Nigerian and Kenyan central bankers have reportedly said. In addition, the bankers claim that cryptocurrencies also pose a risk to financial stability. Narrowing the Financial Exclusion Gap The Nigerian and Kenyan central bankers have said cryptocurrencies
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Gordon Goner, pseudonymous co-founder of Yuga Labs, issued a warning about a possible incoming attack on their social media accounts under the Yuga Labs umbrella after receiving “credible information” that an insider from Twitter would help bypass the security of the accounts.Yuga Labs, home to some of the most popular
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Stepn, a “move-to-earn” application hosted on the Solana blockchain, suffered multiple distributed denial of service (DDOS) attacks after the cryptocurrency outfit updated its system. Stepn, known for giving users cryptocurrency rewards for walking or jogging, recommended that its users “get some rest” while it worked to secure its servers and
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Stepn, a "move-to-earn" application on the Solana blockchain that gives users cryptocurrency rewards from walking or jogging, suffered multiple distributed denial of service (DDOS) attacks following a recent upgrade. Original Source
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There’s a natural impulse to want to protect people who might not understand those risks. At the same time, a major promise of crypto was opening up capital markets to people who wouldn’t qualify to contribute to a traditional VC fund. That openness has helped make a lot of early
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The infamous Conti ring’s internal messages, leaked in February, served as a jumping-off point for a new transaction analysis by Crystal Blockchain. Original Source
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Etherscan, CoinGecko, DeFi Pulse and other sites displayed a suspicious pop-up asking users to connect their wallets. Original Source
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Bitcoin (BTC) prepared for a rare bear feature to return on May 8 after an overnight sell-off took the market ever closer to January lows.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC circles $34,400 lowsData from Cryptox Markets Pro and TradingView showed BTC/USD dipping to $34,200 on Bitstamp, recovering to trade around
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Yuga Labs, the collective behind the infamous Bored Ape Yacht Club non-fungible tokens, has been targeted by another cyber attack, or so called phishing attack. In
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