Crypto investigator ZachXBT has warned users to avoid the Compound Finance website, which appears to have been hijacked. On July 11, the security investigator published a post on Telegram telling the community to stay away from the website for the time being. According to ZachXBT, the website redirects to a newly registered phishing site and may pose…

Ether exchange-traded funds (ETFs) will attract up to $10 billion in new inflows in the months after launch and send Ether prices soaring to all-time highs by the end of the year, Tom Dunleavy, a managing partner at crypto investment firm MV Global, told Cointelegraph. “We saw $15 billion in flows for Bitcoin. I think we’re…

Eli Ben-Sasson, the CEO of StarkWare, announced at EthCC on July 10 that the company plans to introduce staking by the end of 2024 through a Starknet improvement proposal (SNIP). If the community approves the SNIP, Starknet staking is expected to go live on testnet soon, followed by the mainnet launch in the fourth quarter….

The Open Network (TON), a blockchain platform integrated with Telegram, has experienced record-breaking growth in 2024. The number of onchain-activated wallets surged from approximately 1 million in January to over 9 million in June. However, TON’s massive inflow of new users has not been overlooked by scammers. In June 2024, blockchain security firm SlowMist issued a warning on…

Bitcoin is at a “pivotal point” as several onchain metrics signal further downside, while whales experience the fastest Bitcoin accumulation rate in more than a year, according to a new CryptoQuant report. Bitcoin has been in a downtrend since turning away from its new all-time high in March. Over the last month, Bitcoin’s price action has been characterized…

Bringing the first billion mainstream cryptocurrency adopters on the blockchain will first require more beginner-friendly applications. The current user onboarding process is complicated and riddled with friction points, which is the main issue for mass crypto adoption, according to Chintan Turakhia, senior director of engineering at Coinbase. Speaking exclusively to Cointelegraph at EthCC, Turakhia said:…

Worldcoin, the cryptocurrency and digital identity project co-founded by OpenAI CEO Sam Altman, is inching closer to a mainnet launch with the rollout of a blockchain preview for developers. On July 9, the Worldcoin Foundation announced the launch of the World Chain developer preview, a tool providing global developers with an opportunity to start building on…

It’s almost universally agreed within the cryptosphere that the Ethereum blockchain is good – but not perfect. The vast majority of Ethereum Virtual Machine (EVM) developers agree that if the layer-1’s (L1) execution layer were fast and scalable, there would be less of a need for layer-2 (L2) solutions. Yet, we know that Ethereum’s future depends on L2 solutions….

Bitcoin’s dramatic sell-off could present buy-and-hold bulls with a rare opportunity to scoop up BTC ETF shares at bargain-bin prices. Spot Bitcoin prices tumbled to a four-month low on Friday of around $53,500 as markets braced for billions of dollars in impending BTC liquidations by Germany’s government and Mt. Gox, the defunct Japanese crypto exchange. Share prices of top…

Dubai Customs has announced the launch of a new blockchain platform aimed at smoothing out supply chain friction within Dubai and across its borders. The blockchain solution was launched as part of a broader strategy to cement Dubai’s position as a leading “smart” city, Dubai Media Office said in a July 8 statement. “This innovation reflects our…