A group of cryptocurrency scammers have managed to rug pull over 42,000 victims for over $32 million since April 2023 via a novel method that has even fooled some of the industry’s “rug pull detectors,” according to a blockchain security firm. Like many cryptocurrency rug-pull scams, the scammers create tokens impersonating a soon-to-be-launched crypto project…

The transfer volume of stablecoins on the layer-1 Solana blockchain has been steadily increasing, hitting a new record so far this month. According to blockchain analytics platform Artemis, stablecoin transfer volume on Solana has already exceeded $300 billion in January. The figure has already eclipsed the $297 billion in Solana stablecoin transfer volume for December. Moreover, January’s $303…

Bloomberg senior litigation analyst, Elliott Stein, has indicated he sees minimal likelihood of failure for cryptocurrency exchange Coinbase in its ongoing lawsuit against United States Securities and Exchange Commission (SEC). Stein forecasts a 70% chance of the exchange securing a full dismissal in the lawsuit. In a recent post on Jan. 19 on X (formerly Twitter), Stein…

Blockchain technology is facing a growing centralization trend, which could compromise its core principles. This layer-1 blockchain aims to set a new standard backed by the decentralized ethos. As the centralization trend in blockchain technology continues to grow, the community needs new platforms loyal to the principles of decentralization. Callisto Network’s layer-1 blockchain offers a…

Crypto Twitter has been immersed in the speculation and anticipation of the eventual approval of the spot Bitcoin exchange-traded funds (ETFs) in the United States. After some turbulence caused by an alleged fake tweet from the U.S. Securities and Exchange Commission, all 10 spot Bitcoin ETFs were approved. The ETF hangover is over, and attention can now shift to…

Inscriptions, a form of digital collectible created by writing data into the calldata or witness fields of a blockchain transaction, have caused degraded performance or even crashes on several blockchain networks, including Arbitrum, zkSync, Avalanche and others. But Branden Farmer, co-founder of Polygon, claims that parallelized Ethereum Virtual Machines (EVMs) may solve the problem once…