Tether, the issuer of the largest stablecoin, has just revealed a $2M investment in the Arcanum Emerging Technologies Fund II, its first venture capital investment. The Tether funds will be used to further the development of AI and blockchain, especially with regards to cryptocurrency payments and within the Bitcoin network. ... Read more
1inch, a leading DeFi protocol, was recently hacked, and the attack affected its web dApp. Some users reported seeing pop-ups that looked quite shady and asked them to link their wallets. Blockaid, a blockchain security company, said that these prompts led users to the ‘Ace drainer’ page which pretended to ... Read more
The FBI has issued a serious warning about North Korean cybercriminals, who are getting increasingly interested in targeting the web3 industry employees to steal their crypto assets. These high-tech attacks, led by the DPRK, are carefully crafted and difficult to spot and are aimed mainly at people who work in ... Read more
The Japanese Financial Services Agency (FSA) has introduced tax reform requests for fiscal year 2025, explicitly addressing cryptocurrencies for the first time. This move could signal a shift in how Japan approaches cryptocurrency taxation. Currently, profits from cryptocurrency transactions are taxed as high as 55%, leading many investors to call ... Read more
In a stunning blow to the crypto industry, a Web3 user has fallen prey to a phishing attack that can bring the biggest loss of $55 million. The attacker’s audacious move unfolded amidst ongoing crypto market volatility and midterm uncertainty, exposing vulnerabilities in the Web3 space. According to a deep ... Read more
MetaMask, a leading name in the decentralized wallet space, has announced significant partnerships with two major players: companies such as MultiversX and Mastercard. These collaborations are a tremendous push for innovations in the sphere of security and payment systems of the cryptocurrency. To enrich the security, MetaMask collaborated with MultiversX ... Read more
