Friday, March 29, 2024
Home > Pose

Web3 game project allegedly hired actors to pose as executives in $1.6M exit scam

On Oct. 10, the development team for gaming project FinSoul carried out an alleged exit scam, siphoning away $1.6 million from investors through market manipulation, according to a recent report from blockchain security platform CertiK shared with Cryptox. The FinSoul team allegedly hired paid actors to pretend to be its executives,

Read More

IMF report claims crypto adoption pose risk to financial stability

A report on Sep. 7 reveals that global regulators, including the International Monetary Fund (IMF), are working to reduce risks that cryptocurrencies may pose to economic and financial stability. In their evaluation, these regulators argue that many of the advantages of digital assets, such as cheaper and quicker cross-border payments, have

Read More

Stablecoins Pose ‘Existential Threat’ to Policy Sovereignty, Says RBI Senior Official: Report

The number two at the Indian central bank said that stablecoins are beneficial to economies such as the U.S. and Europe, to whose currencies the stablecoins may be linked. But in a country like India, they could potentially replace the use of the rupee in the local economy, Sankar said,

Read More

Growing Links Between Middle East, Russia, China Pose Huge Challenge for US, Warns Former Treasury Secretary – Economics Bitcoin News

Former Treasury Secretary Lawrence Summers has expressed concerns that a rising number of countries, including China, Russia, and the Middle East, are aligning themselves and gaining global influence. “I think [it] is a huge challenge for the United States,” he cautioned. Larry Summers on Countries Banding Together Against the US Former Treasury

Read More

Bridge attacks will still pose major challenge for DeFi in 2023 — Security experts

Security has been a critical challenge for decentralized finance (DeFi) and its evolution. Between 2020 and 2022, hackers stole over $2.5 billion through vulnerabilities on cross-chain bridges, Token Terminal data shows. This is a substantial amount compared with other security breaches.Issues with bridges have a root cause: All of them have

Read More