The recent phishing scam on Blur Marketplace that resulted in an investor losing $240,000 worth of NFTs sheds light on the evolving tactics scammers are using in the digital asset space. Unlike traditional phishing schemes that rely on deceiving emails or messages, this attack was a well-orchestrated technical maneuver. The scammer exploited a vulnerability in
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The recent developments at Paxful Inc. have shocked the cryptocurrency community, as co-founder and former CTO Artur Schaback pleaded guilty to conspiracy charges related to failing to maintain an effective anti-money laundering (AML) program. According to the Department of Justice, Schaback’s negligence turned Paxful into a hub for money laundering, sanctions violations, fraud, romance scams,
MetaMask, a brainchild of Ethereum firm ConsenSys, has introduced its latest groundbreaking innovation – the MetaMask Delegation Toolkit. This toolkit aims to revolutionize the user onboarding experience and enhance accessibility to the Web3 ecosystem. Unlike traditional methods that involve navigating through multiple platforms and seed phrases, this toolkit simplifies the process by offering seamless user
Taiwan Mobile, the second-largest telecom operator in Taiwan, has taken a significant step by applying for a license to operate as a Virtual Asset Service Provider (VASP). This move reflects the company’s efforts to break into the crypto market and integrate digital assets with mainstream services. The Financial Supervisory Commission’s latest report now lists Taiwan
Recently, South Korea’s Financial Supervisory Service (FSS) has announced its plans to tighten oversight of crypto trading platforms under its jurisdiction in order to eliminate fraudulent transactions. This move comes as part of the country’s efforts to establish a more secure and transparent environment for cryptocurrency trading. In a notice released on July 4, the
Nigeria’s Securities and Exchange Commission (SEC) has recently made a bold move by issuing a 30-day ultimatum for crypto exchanges and digital asset traders to re-register their businesses. They have warned of enforcement actions against non-compliance, signaling a stricter stance towards the rapidly growing crypto industry. The SEC announced the initiation of the Accelerated Regulatory
Sonic, the revolutionary Layer-2 (L2) infrastructure on Solana, has made significant strides since its recent launch. In just a week of initiating the Sonic Testnet Odyssey, the platform has achieved remarkable milestones. Surpassing 100,000 unique wallets and processing 17 million transactions, Sonic has demonstrated the power and potential of its protocol in enhancing gaming experiences
The gaming industry has seen exponential growth with the introduction of MetalCore, a sci-fi mech shooter metalcore game set on the distant planet of Kerberos. This massively multiplayer online game (MMO) offers players thrilling PvPvE battles and a player-driven economy that shapes the course of gameplay. With its focus on strategic combat and immersive gameplay,
The blockchain gaming industry is on the brink of a significant transformation as Ronin, the Ethereum sidechain network behind Axie Infinity, gears up to adopt zero-knowledge Ethereum Virtual Machines (zkEVM) in collaboration with the Polygon Chain Development Kit (CDK). This strategic evolution is poised to revolutionize the gaming landscape, offering developers enhanced scalability and efficiency,
South Korea’s Financial Supervisory Service (FSS) has recently addressed the concerns surrounding the potential removal of various digital assets from local cryptocurrency exchanges. This development comes in light of the Virtual Asset User Protection Act, which aims to enhance compliance and scrutiny of listed tokens on these platforms. Contrary to initial reports, the FSS has