Algorand blasted over inaction on ongoing wallet drain hack

Ad ZachXBT blasted Algorand’s failure to “acknowledge” an ongoing wallet drain hack. The self-described “on-chain sleuth” said the Algrorand users had lost millions of dollars in the attack. Yet the project is continuing to drag its feet in helping those affected. “How about you clowns actually acknowledge the on-going attack stealing millions from community members…

Yuga Labs concludes $16M TwelveFold auction

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After Apple App store snub, Uniswap trickling out mobile app rollout via Twitter

Ad Uniswap Labs is encountering hurdles with Apple’s App Store over the release of its mobile wallet, even though its initial version was authorized in October. 1/ Introducing the Uniswap mobile wallet 🦄✨ A completely self-custodial, open-sourced mobile app from the most trusted name in DeFi. Now available as a limited early release – through…

Coinbase’s Base will likely feature transaction monitoring, AML measures

Ad Coinbase CEO Brian Armstrong said on March 6 that his company’s layer-2 network, Base, will likely feature transaction monitoring and anti-money laundering measures. Base will feature compliance measures Armstrong said during an interview with Bloomberg: “Base has some centralized components today but it’s going to become more and more decentralized over time as it…

Bitcoin market sentiment shifts as Asia turns from net buyers to net sellers

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White House ‘aware of’ stressed crypto friendly bank Silvergate, says press secretary Karine Jean-Pierre

Ad On March 6, White House Press Secretary Karine Jean-Pierre was pressed on whether the President was monitoring the evolving situation around the stressed crypto-friendly bank Silvergate. “We won’t comment on Silvergate specifically, but it is obviously only the latest company in the cryptocurrency field to experience significant issues,” the press secretary said. “In recent…

Binance accumulates 3.8B USDC in three weeks

Ad Glassnode data analyzed by CryptoSlate revealed that Binance accumulated 3.8 billion USD Coin (USDC) during the past three weeks. Binance’s USDC pool sits at 5.1 billion coins at the time of writing, marking a 292% increase over the past three weeks. USDC balance on Binance The chart below represents the USDC balance held on…

Crypto investment products saw $17M outflows last week

Ad Digital asset investment products saw minor outflows totaling $17 million from Feb. 27 to March 3, which marks the fourth consecutive week of outflows, according to CoinShares data. “Volumes across investment products were low at $844 million for the week,” the report cites, as regional sentiments start to change. Last week, the U.S. recorded…

TeraWulf’s nuclear-powered Bitcoin mining facility goes online

Ad TeraWulf (WULF) has launched its Nautilus Cryptomine facility marking the inauguration of the first bitcoin mining facility in the US powered by nuclear energy. New Nautilus facility opens in Pennsylvania The mining giant has put almost 8,000 rigs into operation, generating a substantial computing power or hash rate of around 1.0 exahash per second…