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Influential celebrities that joined the crypto club over the past year

[ad_1] The inclusive crypto ecosystem has become home to numerous A-list celebrities over the years — primarily driven by the nonfungible tokens (NFT) hype of 2021. However, despite the prolonged bear market and an evident dip in cryptocurrency prices, celebrities continue to pour in support for the crypto market.  Over the past year, celebrities have …

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Profanity tool vulnerability drains $3.3M despite 1Inch warning

[ad_1] Decentralized exchange aggregator 1inch Network issued a warning to crypto investors after identifying a vulnerability in Profanity, an Ethereum (ETH) vanity address generating tool. Despite the proactive warning, apparently, hackers were able to make away with $3.3 million worth of cryptocurrencies. On Sept. 15, 1Inch revealed the lack of safety in using Profanity as …

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Maincard brings fantasy sports to Polygon with its alpha launch

[ad_1] Sports fans have something to cheer about as Maincard looks set to bring various fantasy sports to the Polygon network. The Web3 platform is launching its alpha version — dubbed the “testnet” — on the Ethereum scaling solution on September 20, 2022, ahead of the full version’s scheduled November release.  Maincard is also appealing …

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Flashbots build over 82% relay blocks, adding to Ethereum centralization

[ad_1] Following the completion of The Merge upgrade, Ethereum (ETH) transitioned into a proof-of-stake (PoS) consensus mechanism, helping the blockchain become energy efficient and secure. However, mining data reveals Ethereum’s heavy reliance on Flashbots — a single server — for building blocks, raising concerns over a single point of failure for the ecosystem. Flashbots is …

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South Korean ministry recommends enactment of special Metaverse laws

[ad_1] The Ministry of Science and ICT (MSIT) of South Korea revealed plans to move away from imposing traditional video gaming laws on the Metaverse. Instead, the ministry decided to issue new guidelines for incentivizing the growth of the budding ecosystem. South Korea’s interest in garnering Web3 and the Metaverse ecosystems is evidenced by the …

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Coinbase is fighting back as the SEC closes in on Tornado Cash

[ad_1] On Sept. 8, Coinbase announced it was bankrolling a lawsuit against the United States Treasury Department. The cryptocurrency exchange is funding a lawsuit brought by six people that challenges the sanctions on Tornado Cash. And on Sept. 9, Securities and Exchange Commission (SEC) Chair Gary Gensler announced he was working hard with Congress to create …

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Ethereum completes merge, Do Kwon faces arrest warrant and Bitcoin dives after rally: Hodler’s Digest, Sept. 11-17

[ad_1] Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week   Breaking: Historic day for crypto as Ethereum Merge …

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Here’s why Binance Chain (BNB) will face an important price test on September 30

[ad_1] BNB, the native token of Binance’s BNB Chain, entered a symmetrical triangle formation on Aug. 10, when it first faced the descending trendline at the $335 resistance. The following five weeks have been a struggle around $280, the exact intersection between the two conflicting ascending and descending patterns. BNB token/USD at FTX. Source: TradingView …

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GEM Digital Limited Commits $50m to Inery In Anticipation of the Coin Launch and Listing

[ad_1] Singapore, Singapore, 17th September, 2022, Chainwire Inery secured $50 million in an Investment Commitment from GEM Digital Limited (GEM) as it plans for the listing and launch of its token, $INR, in Q3 of 2022. 17th September 2022, Singapore Inery, a decentralized data management system, has announced that it has secured an investment commitment …

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