Author: cointechies

Animoca Brands denies claims of launching a Solana-based token as speculation mounts following a recent hacker attack. In the middle the recent market euphoria And during the holidays, criminals try to rob unsuspecting crypto users of their hard-earned assets. In the most recent case, these criminals targeted followers of the well-known crypto venture capital firm Animoca Brands. Not a Solana token Notably, Animoca Brands has warned its followers that it is not launching an official token or NFT. The company emphasized this a Thursday, December 26th X post He disavows a now-deleted pinned post by his chairman Yat Siu. The…

In a significant development for the Web3 ecosystem, Vottun has announced its integration with Arbitrum, a leading Layer 2 blockchain solution. The aim of this partnership is to address key challenges of blockchain technology such as scalability and transaction speed, while promoting the development of decentralized applications. By leveraging the strengths of both entities, the collaboration aims to build a robust infrastructure for the future of decentralized systems. Addressing scalability and performance challenges Vottun, an established participant in the Web3 space, has consistently focused on real-world blockchain applications. Through its partnership with Arbitrum, the company addresses critical blockchain limitations, including…

Yat Siu, co-founder and CEO of Animoca Brands, was recently the victim of a hacker attack promoting a fake token called ANIMOCA. The hacker managed to compromise Siu’s official X account and claimed that Animoca was launching a new token. The post created on the pump.fun platform caused the price of the fake ANIMOCA token to rise by 500% in just five minutes. However, the rise was short-lived as the hacker deleted the post, causing the token price to drop. Source: X Animoca Brands confirmed the hack and urged investors not to bother with Sius account. In a follow-up post,…

Popular crypto tracking service Whale Alert has drawn public attention to a large movement of Shiba Inu tokens from the Turkish exchange BtcTurk to an unknown wallet. Whale Alert indexed the transaction yesterday, revealing that a whopping 2,884,590,622,344 (2.88 trillion) Shiba Inu tokens were withdrawn from BtcTurk to an anonymous wallet at 4:23 p.m. (UTC). The transaction was valued at $65.7 million at the time and caught the attention of members of the Shiba Inu community. Shiba Inu investors react As expected, the transaction sparked reactions from SHIB supporters, with many investors wanting to know the identity of the user…

DuckChain is emerging as a major force in the blockchain sector, fueled by a $5 million funding round backed by notable investors including dao5, Offchain Labs and Kenetic Capital. This financial milestone underscores industry leaders’ confidence in DuckChain’s ability to transform decentralized technologies. The platform’s innovative features, particularly its focus on user-friendly tools for developers and efficient scalability, make it stand out in the competitive blockchain market. DuckChain’s main advantage lies in its developer-focused framework, which includes a number of pre-built templates designed to simplify decentralized application (dApp) development. This toolkit allows developers to prioritize creativity over technical complexity, similar…

The global cryptocurrency industry is preparing for another pivotal year in 2025 as regulators in Europe, Asia and beyond adopt or expand rules designed to tighten oversight and protect investors. Developments in 2024 – from the closure of anonymous Bitcoin ATMs in Spain to new guidelines in the Philippines – offer a glimpse of stricter regulatory measures that are likely to shape the market in the coming year. Europe: From anonymous ATMs to uniform rules End of anonymous Bitcoin ATMs in Spain Spain’s once-thriving network of anonymous Bitcoin ATMs is shutting down under newly enforced EU regulations. For transactions over…

Mercado Bitcoin, recognized as Brazil’s largest cryptocurrency exchange with a customer base of over three million, recently significantly expanded its offering by integrating INJ tokens. This move allows users to directly access the Injective ecosystem via the Brazilian real, making decentralized finance (DeFi) easier to deal with for local users. As the first cryptocurrency exchange founded in Latin America, Mercado Bitcoin has played a crucial role in driving the adoption of blockchain technology across the continent. By facilitating seamless access to advanced DeFi platforms, the exchange continues to expand its influence within the region’s evolving digital economy. MetaMask expands payment…

Due to XRP’s impressive gains in November and December, the Grayscale As 2024 draws to a close and the Christmas festivities are in full swing, crypto investors have many reasons to rejoice. This is particularly true for institutional investors XRP. Grayscale XRP Trust investors see massive gains Early investors in Grayscale’s XRP Trust will likely smile at the bank this holiday. The product that relaunched in September 2024, is expected to end the year with a share price increase of over 300% since inception, rising from $10.85 to $45.46 at the time of writing. Interestingly, most of the XRP gains…

Voted.News has officially launched its multilingual blockchain news platform after a year of intensive development and testing. The service aims to simplify complex topics in distributed ledger technology by delivering concise 30-second news summaries while maintaining links to original sources. This approach addresses the widespread problem of information overload in the blockchain space. Innovative time-saving solution The platform uses proprietary artificial intelligence technology combined with expert human verification to process and curate approximately 50 important blockchain news updates daily from leading technology sources. Each digest includes key features such as impact scoring and technology trend indicators, allowing professionals to quickly…

An Ethereum whale linked to crypto platform Nexo has moved another $17 million worth of ETH to Binance, adding to a string of large sell-offs in recent weeks. On-chain data showed that Nexo-related wallets were actively transferring Ethereum to centralized exchanges, raising concerns among traders. Earlier this month, the same whale transferred 18,000 unstaked ETH to Binance, worth over $70.8 million. Source: X In a separate transaction, another whale reportedly deposited 22,740 ETH, worth $77.7 million, to pay off debt. Another incredible $170 million in ETH was sent to Binance, with $137.8 million paid out in stablecoins. While these transactions…