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The launchpad project Poolz Finance (POOLZ) was exploited on BNB Chain and Polygon, resulting in a loss of nearly $400,000 and necessitating the reinitialization of its smart contract. Poolz Finance Exploited for Nearly $400,000, Smart Contract Reinitialized On March 15, an attack targeting Poolz Finance's launchpad
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After much speculation, Ethereum’s layer-2 solution Arbitrum has officially announced the date for its ARB token airdrop. Arbitrum to Airdrop ARB Token on March 23 In an announcement posted on the evening of March 16, leading Ethereum layer-2 solution Arbitrum revealed that it will airdrop its ARB token on
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Polygon co-founder Anurag Arjun has announced his departure, accompanied by the decision to separate the Avail project from the Polygon blockchain ecosystem. Avail Splits from Polygon Following Co-Founder Anurag Arjun's Departure In a blog post, Polygon stated: “Avail will officially separate from Polygon Labs. Additionally, Arjun will be
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The final test for the Shanghai hard fork on the Goerli testnet has been successfully completed, paving the way for the staking withdrawal capability to be rolled out on Ethereum's mainnet by mid-April. Ethereum Successfully Tests Shanghai Upgrade on Goerli Testnet. Image: Crypto.com In the early hours
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Demand for converting USDC back to cash has surged in recent days, with net withdrawals exceeding $4.5 billion. USDC Records Largest Stablecoin Burn in History, Equating to $4.5 Billion Since March 10. Image: CryptoSlate According to blockchain data, Circle – the issuer of the second-largest stablecoin, USDC – has experienced
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The Ethereum network has achieved a new milestone, with over 3 million ETH burned since the implementation of the EIP-1559 burning mechanism 18 months ago. Ethereum Crosses 3 Million ETH Burned Thanks to EIP-1559 According to data from Ultrasound.money, as of early March 15, 2023, the Ethereum network has
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Cross-chain project Stargate Finance has scrapped its plans to relaunch the STG token following a legal threat from FTX. Stargate Abandons Token Relaunch Amid FTX Threat As reported by Coin68, Stargate Finance had announced in early February 2023 that it would fully relaunch the STG token due to concerns over
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Conflux Network's CFX token has surged more than 40% after news broke of its partnership with China Telecom, currently trading around $0.076. CFX Surges Over 40% Following Conflux's Partnership with China Telecom Conflux Network has officially teamed up with China Telecom, the second-largest telecommunications provider
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dYdX, the pioneering decentralized derivatives exchange, has officially finalized its proposal to reduce trading rewards. dYdX Finalizes Proposal to Cut Trading Rewards – Token Hits New High The proposal aimed to lower the trading rewards from 2.88 million DYDX tokens to 1.59 million (a 45% reduction). The goal of
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The world's largest cryptocurrency, Bitcoin, has made a spectacular comeback after last week’s negative news, setting a new high for 2023. Price Movements of Top Cryptocurrencies as of 08:10 PM on March 14, 2023. Source: Coin360 On the evening of March 14, the U.S. released
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Filecoin has officially transformed into a true layer-1 blockchain with the launch of its Filecoin Virtual Machine (FVM), which now supports the development of decentralized applications (dApps) on its platform. Filecoin Launches FVM, Enabling dApp Development Filecoin (FIL), a cryptocurrency project focusing on data storage, is set to roll out
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The cryptocurrency market has shown a strong rebound following the U.S. government's decision to rescue Silicon Valley Bank. Source: Coin360 In the early hours of March 13, the Federal Reserve (Fed) held an unexpected emergency meeting. Subsequently, the federal government launched the Bank Term Funding Program (BTFP)