News
British MPs urge action on NFT copyright infringement, crypto fan tokens
A U.K. parliamentary committee called for a crack down on sports fan tokens and recommended the government issue a code of conduct for NFT platforms. A bipartisan parliamentary committee has urged the British government to protect creators from copyright infringement...
Friend.tech adds new security upgrade in wake of SIM-swap attacks
The 2FA security measure is optional for Friend.tech users seeking additional security on the platform. The team behind the decentralized social media platform Friend.tech has added a new security feature amid attempts to stem a flood of SIM-swap attacks targeting its...
Gitcoin screws up transfer, sends $460K to unrecoverable address
Gitcoin’s project lead said the snafu has resulted in nearly half a million in funds being forever locked in a one-way contract address. Crypto developer platform Gitcoin has admitted to losing approximately $460,000 of Gitcoin (GTC) tokens after mistakenly sending...
Stars Arena secures funds to plug $3M exploit, set to reopen after security audit
Stars Arena was hacked for roughly $3 million worth of AVAX tokens, with the hacker reportedly sending the funds to the Fixed Float crypto exchange. Avalanche-based Web3 social media app Stars Arena announced that it has secured the funding to cover the $3 million...
Nifty News: Yuga cuts staff, NFT trading volume on Mythos Chain surges and more…
Yuga Labs CEO Daniel Alegre said the firm was stretching itself thin by taking on too many projects, and will now focus on its core aims with a smaller team. Cutbacks at Yuga LabsBored Ape Yacht Club creator Yuga Labs has announced a restructuring that has seen...
OpenAI looking at producing AI chips in-house: Report
OpenAI reportedly weighed up a chip making firm as an acquisition target so it could produce its own AI chips. OpenAI, the company behind artificial intelligence chatbot ChatGPT, is reportedly exploring the possibility of manufacturing processing chips in-house amid a...
Time to ‘pull the brakes’ on Ethereum and rotate back to Bitcoin: K33 report
“The gravitational pull in crypto for the time being stays in BTC,” said K33 senior analyst Vetle Lunde. The relatively lackluster performance of nine new Ethereum futures exchange traded funds (ETFs) has prompted analysts at K33 Research to urge a “rotate back” into...
Crypto-friendly Patrick McHenry takes interim House Speaker position
Eight Republicans voted against Republican Representative McCarthy, making it the first time in U.S. history that the House Speaker has been ousted by Congress. United States Representative and crypto-friendly lawmaker Patrick McHenry has been appointed as interim...
Chainalysis axes another 15% of staff citing difficult market conditions
The Chainalysis workforce will be reduced by around 150 as the bear market bites deeper. Blockchain analytics firm Chainalysis has reduced its headcount by another 15% this week, citing the need to reduce expenses due to continued bear market blues.On Oct. 3,...
Crypto firms beware: Lazarus’ new malware can now bypass detection
The malware payload “LightlessCan" — used in fake job scams — is far more challenging to detect than its predecessor, warns cybersecurity researchers at ESET. North Korean hacking collective Lazarus Group has been using a new type of “sophisticated” malware as part of...