Author: Crypto Insider

With the help of blockchain analysts firm Chainalysis, FBI agents seized $30 million worth of crypto stolen by the North Korean threat group Lazarus from the token-based play-to-earn game Axie Infinity. Hackers stole over $600 million from Axie earlier this year. The news was announced during the AxieCon event on Sept. 8, where the hosts…

Ethereum’s Bellatrix upgrade was successful Ethereum’s Merge came closer last week with its Bellatrix upgrade going live on Sept. 6. Bellatrix is the final step before the Ethereum blockchain switches to a proof-of-stake consensus model from its current proof-of-work model. The Bellatrix upgrade prepares Ethereum’s proof-of-stake Beacon Chain for The Merge with its mainnet Execution…

LUNA, the collapsed token of the Terra ecosystem, saw a price spike Friday morning. With more than tripled in price, its market cap jumped 210% within 24 hours. Spike could be tied to the ATOM ecosystem pump earlier, The Block’s researcher suggests. LUNA, a governance token of the recently collapsed Terra ecosystem, has more than…

Over the last three months, the activity of its blockchain developers has decreased by more than 26% in weekly active developers, a recent data analysis from Artemis revealed. Crypto researchers suggest that this is attributed to the departure of “tourist investors” and “tourist builders” that would give real builders to get real work done. A…

Ethereum scaling solution Polygon plans to continue hiring despite the bear market and choppy macro conditions, as its HR exec told Bloomberg this week. She said the company aims to add 200 people to its team by the end of the year. Meanwhile, Polygon raised $450 million this year through a token sale. According to…

BNB chain, a Layer-1 blockchain by Binance, has announced its own zero-knowledge (ZK) proof scaling technology, called zkBNB. Binance claims zkBNB will improve scalability metrics and transaction speed. Zero-knowledge (ZK) proofs are one of the viable long-term solutions for decentralized blockchain scalability, as Ethereum co-founder Vitalik Buterin said in his ‘Endgame’ article. It is an…