Bitcoin layer-2 developer Alex Labs has successfully frozen more than $3.9 million worth of crypto that was exploited from its BNB Smart Chain bridge, according to the team’s May 16 social media post. According to the post, the attacker sent the funds to several different centralized exchanges (CEXs), which allowed them to be frozen with the…

Blockchain gaming saw investments totaling $988 million in the month of April, the highest since January 2021. The number of daily unique active wallets also reached a record-setting 2.9 million for blockchain gaming. DappRadar, in partnership with the Blockchain Gaming Alliance, released its April blockchain gaming report on 17 May. The banner month for the…

Venture funding for crypto startups peaked at $1 billion in April, marking the second consecutive month above that pivotal mark this year with 161 investment rounds, indicating investors’ renewed interest amid the bull market. Key trends catching venture firms’ attention include decentralized infrastructure, solutions for institutional adoption, and the ‘tokenization of everything,’ aa told by…

Bitcoin mining is now in the hands of the few. Well-known mining pools have seized overwhelming power, which poses an existential threat to the world’s first digital asset. It’s the logical outcome of a design flaw by Satoshi Nakamoto. Unfortunately, Bitcoin mining has always tended towards centralization. Bitcoin miners could once mine blocks with CPUs on personal computers…

The high-risk, high-reward theory of altcoins might be tilting toward the former as big gains are now less likely due to weak narratives driving the crypto market, say crypto analysts. “While tactical opportunities exist, the era of 100x returns may well be behind us,” 10xResearch head of research Markus Thielen told Cointelegraph. He cautioned that…

On May 15, the cryptocurrency markets saw a 5.5% increase in total capitalization following the release of inflation and retail sales data from the United States. However, Ether failed to fully capitalize on this bullish momentum. Ether last closed above $3,000 over five days ago and has underperformed the leading cryptocurrency, Bitcoin, by 22% since the…

As organizations increasingly rely on biometric data for various applications, from access to physical spaces to financial services, the frequency and impact of data breaches continue to escalate. On May 15, the Worldcoin Foundation, the organization behind the Worldcoin iris biometric cryptocurrency project, announced that it open-sourced its secure multi-party computation (SMPC) system. The new…

Fintech giant Mastercard announced the addition of five new startups to its Start Path Blockchain and Digital Assets program on May 15. The Start Path Blockchain and Digital Assets program is a fintech accelerator program that focuses on “exploring future use cases to scale new solutions with startups around the world.” Joining the program are…

Analysts have unearthed details from a March filing with the United States Securities and Exchange Commission (SEC) that suggest the regulator may consider labeling Ether a security. In a May 13 X post, Davis Polk and Wardwell Associate Scott Johnsson reviewed a March 4 filing from BlackRock over its application to list and trade a spot Ether exchange-traded…

Ethereum co-founder Vitalik Buterin has proposed a new Ethereum improvement protocol, EIP-7706, focused on a new gas model for transaction call data. Ethereum-based transactions currently have two types of gas fees: one for transaction execution, which covers the computational effort required to perform a transaction, and one for storage, which is the cost of storing data in…