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
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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
The introduction of Magic Launchpad by Magic Square signifies a significant shift in the way early-stage projects approach fundraising. With a vast user base of over 4.5 million unique wallets and a thriving community of 1400 registered projects, Magic Launchpad is set to revolutionize growth hacking, brand awareness, user acquisition, and fundraising strategies for emerging
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
In the world of cryptocurrency, new altcoins are constantly emerging, each vying for attention and investment. One such altcoin that has been generating significant buzz is Mollars (MOLLARS). The initial coin offering for Mollars has been met with great enthusiasm, with the project quickly approaching a total funding of US$1,500,000. A Unique Offering Mollars stands
The price of Bitcoin has seen a positive movement, rising by 2.9% on Friday to trade above $67,000 for the first time since April 24. This increase has been attributed to the low inflation levels reported in the latest Consumer Price Index (CPI) data. However, it is important to note that Bitcoin is subject to
The cryptocurrency market has been showing signs of bullish momentum in recent days, with major assets like Bitcoin experiencing substantial gains. One of the key highlights of this period is the surge in the price of Bitcoin from $61,000 to over $67,000, marking a significant milestone after nearly a month of consolidation. This price movement
Dogecoin has garnered significant attention and credibility due to Elon Musk’s public endorsement and support. The Tesla and SpaceX leader’s tweets and actions have had a positive impact on Dogecoin’s value and popularity, leading to substantial gains for investors. In contrast, Ripple lacks a similar influential figure to champion its cause, which could hinder its
Artificial intelligence (AI) has been making significant strides in recent months, with the introduction of the ChatGPT model by OpenAI. This new model not only serves as an improved voice assistant but also has the ability to interpret body motion cues, such as the intensity of a user’s breathing. As a result of these advancements,
After closely examining the report from Coinbase Institutional Research Analyst David Han, it is evident that the chances of the SEC approving spot Ethereum ETFs by the end of the month are estimated between 30% to 40%. The correlation between CME futures product and spot exchange rates, which was a significant factor in the approval