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July Was The Best Month Of The Year For Crypto Funds

July Was The Best Month Of The Year For Crypto Funds

Mid-summer has become a good period for crypto funds They attracted the largest revenues this year Investors prefer to invest in BTC, ETH and SOL In July, global digital asset funds recorded the largest inflow in all of 2022, according to a report from CoinShares. They attracted funds from investors for a total of $474 million. This almost...

Solana Announced The Reason For Hacking Wallets

Solana Announced The Reason For Hacking Wallets

Solana Blockchain Team Knows Reasons for Massive Hack The stolen keys from the Slope mobile app are to blame for this. The Solana team discovered the reasons for yesterday's attack and hacked wallets. The Slope mobile wallet app was the culprit. “The secret key information was inadvertently passed on to the application monitoring service,” adds the blockchain...

Twitter Sues Binance Over Elon Musk's Purchase Of The Social Network

Twitter Sues Binance Over Elon Musk’s Purchase Of The Social Network

Twitter Sues Dozens of Companies, Including Binance Exchange The company wants to receive data on Musk's correspondence regarding the purchase of the social network. Billionaire files counterclaim against Twitter One of the biggest scandals of 2022 is gaining momentum. Twitter lawyers are suing Binance representatives in the case of the purchase of the social network by billionaire Elon...

Bitmex Adds Fiat Perpetual Contracts

Bitmex Adds Fiat Perpetual Contracts

BitMEX has launched trading in FX contracts — perpetual currency contracts with up to 50x leverage. This was reported in the official blog of the platform. FX contracts are traded around the clock. At the weekend, the contract price fluctuates around the market closing quotes on Friday. Users can open long and short positions on 22 currency pairs: EURUSD, EURCHF, EURTRY, USDCHF, and others. The...

What Is Tornado Cash And How Does It Work?

What Is Tornado Cash And How Does It Work?

Tornado Cash is a decentralized protocol that allows anonymous transactions on the Ethereum network and several other blockchains; This protocol is the most popular ETH mixer and is notorious for regularly laundering crypto assets stolen from centralized crypto exchanges and hacked DeFi protocols; Critical decisions for developing Tornado Cash are made by a decentralized...

One Of Terra's Early Investors Will Launch A Fund To Invest In GameFi

One Of Terra’s Early Investors Will Launch A Fund To Invest In GameFi

Known as one of the victims of the collapse of Terra, the blockchain company Hashed intends to launch a new fund focusing on investing in GameFi startups. This was announced in an interview with Bloomberg by its founder Simon Seojun Kim. The third structure will be launched in the first half of 2023. By this time, resources will run out in the second...

Bank Of America Declares The Value Of Blockchains

Bank Of America Declares The Value Of Blockchains

Representatives of Bank of America (BofA) rejected the claim that blockchains do not carry any intrinsic value. In a new report, the organization noted that the leading networks provided massive commissions, which positively impacted the development of ecosystems. According to the company's experts, blockchains and internal applications created are of great importance and benefit developers and...

Ethereum Name Service Demand Hits Record Highs

Ethereum Name Service Demand Hits Record Highs

In July, the number of registrations in the Ethereum Name Service ( ENS ) domain name system increased by 378 thousand, to 1.87 million. Other metrics of the service also showed a record increase. Behind the project's development, ENS Domains received an income of 5400 ETH (~$8.8 million). Sales volume almost doubled compared to June. The number of owners...

"Don't Touch The Mnemonic Phrase." Solana Urged To Be Careful When Transferring Tokens To Cold Wallets

“Don’t Touch The Mnemonic Phrase.” Solana Urged To Be Careful When Transferring Tokens To Cold Wallets

Solana ecosystem developers urged users not to use the old mnemonic phrase when transferring tokens to hardware wallets. The Solana development team advises Phantom and Slope wallet users not to use the hot wallet mnemonic on physical wallets amid the massive hack. This was reported on the Solana support page on Twitter. Source: twitter.com According to the developers, users of...

Nomad Hackers Recover $9 Million Of $190 Million Stolen

Nomad Hackers Recover $9 Million Of $190 Million Stolen

Unknown attackers who attacked the Nomad cross-chain bridge returned $9 million in cryptocurrencies to the project address The hackers who hacked the Nomad cross-chain bridge returned about $9 million in cryptocurrencies to the developers. This is reported in the research firm PeckShield regarding transactions. Source: twitter.com Despite the return of $9 million, the vast majority of the stolen cryptocurrency still...