The recently introduced financial promotions regulations by the UK Financial Conduct Authority (FCA) have raised concerns within the crypto industry. According to Delphi Labs general counsel Gabriel Shapiro, complying with these regulations will be a challenging task for most crypto firms. Shapiro argues that even centralized exchanges and established DeFi projects, which may have more
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A popular cryptocurrency exchange, CoinEx, is believed to have fallen victim to a suspected hack, resulting in significant losses from its Ethereum, TRON, and Polygon hot wallets. The incident raised concerns and led to an ongoing investigation into the security breach. According to reports, CoinEx lost a staggering amount of 4,946 ETH and 354,762 TRX
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The layer-2 blockchain ecosystem powered by zero-knowledge (ZK) proofs is expanding with the entrance of Manta Network. This new player brings a ZK-as-a-service platform called Manta Pacific, which is designed to support Ethereum Virtual Machine (EVM)-native decentralized applications (DApps) using ZK-proof technology. Manta Pacific offers a software development kit and ZK library that grant developers
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The hackers responsible for the $41 million hack on the cryptocurrency casino Stake have recently transferred an additional $328,000 million worth of Polygon (MATIC) and BNB (BNB) tokens, according to blockchain security firm CertiK. These recent movements of funds have occurred following the exploit on September 4th. This article analyzes the ongoing actions of the
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Arbitrum, one of Ethereum’s leading layer-2 scalability solutions, has witnessed a significant drop in its token price. Between September 9 and September 11, the price of Arbitrum (ARB) tokens experienced a sharp decline of 14.5%, hitting its lowest point in history. This decline has left investors questioning the competitive edge of Arbitrum, especially considering its
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