Bo Shen said his private crypto wallet was hacked in an incident on Nov. 10, which resulted in a loss of $42 million. The post Hacker steals $42 million from Fenbushi Capital partner Bo Shen appeared first on The Block.
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Lack of education is one of the major hurdles preventing cryptocurrencies from reaching mainstream adoption. Sadly, lack of knowledge is a breeding ground for misinformation, and this has birthed many misconceptions about digital assets that have scared mainstream users from embracing the decentralized economy. Things are even…
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Genesis has claimed that it is in talks with investors and wants to resolve its fund shortage without filing for bankruptcy.  Bankruptcy Filing Not Imminent Crypto lending platform Genesis might not be one of the dominos that toppled over in the aftermath of the FTX debacle. The…
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As Bitcoin continues its descent to a bottom and the rest of crypto follows, those with the money believe the industry is here to stay.  A new day dawns and the cryptocurrency sector continues to lose value in its total market cap. Bitcoin is finding new local…
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El Salvador gives the wider crypto community something positive to cheer for as it pledges to stack up one Bitcoin (BTC) every day to beef up its holding. El Salvador’s president Nayib Bukele says the current BTC price will not affect the country’s decision to accumulate more…
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Central Bank Digital Currency (CBDC) is generally the digital currency issued by a central bank. It can differ…
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The internet has come a long way since software engineer Tim Berners-Lee pioneered the World Wide Web in 1991. But if today’s Web3 evangelists are to be believed, there’s plenty of race left to run. In fact, these forward-thinking technologists have a vision of the internet that…
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Binance Labs, the venture arm of Binance crypto exchange, has made a strategic investment in hardware wallet maker Ngrave. The post Binance Labs makes strategic investment in hardware wallet maker Ngrave appeared first on The Block.
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An uptick in new user accounts on Polkadot has lent weight to the suggestion that the era of centralization in crypto is finally coming to an end.  New analysis from Dot Insights shows there has been a big jump in on-chain activity on Polkadot. At the same…
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According to a panel of experts at a Fortune conference last week, businesses across a variety of industries are using the metaverse to operate more productively and effectively, but the consumer market for this technology is still in its infancy.  According to a report from Citi, the…
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