Revolutionizing the way Web3 projects raise capital and issue tokens, Polimec has recently debuted on the Polkadot network. This decentralized and community-driven funding protocol aims to provide a transparent and regulatory-compliant environment for connecting investors and startups globally. The launch of Polimec marks a significant step forward in Web3 fundraising engagement, offering an avenue for
Crypto
Michael Sonnhenshein, the CEO of Grayscale, has announced his departure from the company. Peter Mintzberg from Goldman Sachs will be taking over the role of CEO on August 15, 2024. Sonnhenshein has been with Grayscale since 2014 and became CEO in 2021. Barry Silbert, the founder and CEO of Digital Currency Group, expressed his gratitude
Bitcoin’s price has been fluctuating in the past 24 hours, dropping below $67,000 multiple times but managing to react positively to each correction. Despite some temporary setbacks, the cryptocurrency now hovers around the $67,000 mark once again. Last week, Bitcoin experienced a brief drop to just over $61,000 due to some issues with Coinbase, but
The upcoming week is poised to be an eventful one in the economic realm, with key highlights being the release of the Federal Reserve meeting minutes and a much-anticipated earnings report from semiconductor giant Nvidia. These two events have the potential to significantly impact market sentiment and direction in the coming days. In addition to
A recent confidential report from the United Nations obtained by Reuters has shed light on the nefarious activities of North Korea’s notorious cybercriminal group, the Lazarus Group. According to the report, the hackers managed to transfer millions of dollars worth of stolen cryptocurrency back to North Korea last year. The cybercriminals targeted HTX, a crypto
The recent arrest of Ontario’s self-proclaimed ‘Crypto King,’ Aiden Pleterski, has sent shockwaves throughout the region. Pleterski, along with his associate Colin Murphy, is facing serious charges of fraud and money laundering in connection to an alleged Ponzi scheme that defrauded victims of approximately $30 million. This case has been under investigation for over 16
Two siblings, Anton Peraire-Bueno and James Peraire-Bueno, who both attended the prestigious Massachusetts Institute of Technology (MIT), have been accused of exploiting a vulnerability in the Ethereum blockchain. This resulted in them reportedly swindling $25 million within just 12 seconds, making it a highly sophisticated and unprecedented caper. If found guilty, they could face sentences
Polkadot, a blockchain protocol known for its advancements in scalability and efficiency, recently announced a groundbreaking partnership with Founder Institute, a leading business incubator. This collaboration marks the launch of the first Web3 cohort in Founder Institute’s Core Program. The team described it as an exciting chapter in startup acceleration and Web3 technology education. The
Bitcoin had an incredibly positive trading week, seeing an increase of over $6,000 and reaching a peak of over $67,000. This surge brought Bitcoin to its highest price level in almost a month. The bullish trend started after a slight retracement to just above $60,000, which was quickly defended by the bulls over the weekend.
The Chinese police recently uncovered a major underground banking operation that utilized the popular stablecoin Tether (USDT) for transferring funds amounting to 13.8 billion yuan ($1.9 billion). The operation was led by a criminal gang involved in the import and export business in China. The gang used USDT to run a foreign exchange payment and