Polcadot’s Acala Dips By 70% After Hackers Issued 1.2 Billion AUSD
Acala has been attacked by hackers. The hackers issued more than 1.2 billion AUSD. This is also the reason why stablecoins lose peg seriously.
Over 1.2 billion AUSD Issued causing loss of peg
The cause of this sudden loss of pegs has been identified by the Acala platform as experiencing an attack. The hackers issued more than 1.2 billion this stablecoin. AUSD broke off and once fell by 70%. Acala said a configuration issue of the Honzon protocol which affects AUSD and passed an urgent vote to pause operations.
Acala has been attacked by hackers. The hackers issued more than 1.2 billion AUSD. This is also the reason why stablecoins lose peg seriously.
Over 1.2 billion AUSD Issued causing loss of peg
The cause of this sudden loss of pegs has been identified by the Acala platform as experiencing an attack. The hackers issued more than 1.2 billion this stablecoin. AUSD broke off and once fell by 70%. Acala said a configuration issue of the Honzon protocol which affects AUSD and passed an urgent vote to pause operations.
Tornado Cash Governance Token TORN Shudders More Than 57% Since the US Government Ban
Amid the crackdown against Tornado Cash, associated addresses, contributing developers, and anyone who uses the mixing platform, the project’s governance token called TORN has shuddered in value. TORN is an ERC20 with a fixed supply that is leveraged for governance proposals and voting.
Amid the crackdown against Tornado Cash, associated addresses, contributing developers, and anyone who uses the mixing platform, the project’s governance token called TORN has shuddered in value. TORN is an ERC20 with a fixed supply that is leveraged for governance proposals and voting.
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Coinbase Faces New Class Suit Over Unauthorized Asset Transfers
A new class action suit has been filed against Coinbase in the Georgia federal court, alleging the company engages in unauthorized asset transfers, freezes funds, and locks consumers out of their accounts for extended periods of time, causing consumers to incur significant losses due to the volatility of cryptocurrency.
The proposed class action complaint by the investors holding Coinbase Wallet and account holders claim their accounts have been breached and incurred losses arising from the unauthorized transfer of assets. This includes the unauthorized transfer of non-registered “crypto securities” listed on the platform.
A new class action suit has been filed against Coinbase in the Georgia federal court, alleging the company engages in unauthorized asset transfers, freezes funds, and locks consumers out of their accounts for extended periods of time, causing consumers to incur significant losses due to the volatility of cryptocurrency.
The proposed class action complaint by the investors holding Coinbase Wallet and account holders claim their accounts have been breached and incurred losses arising from the unauthorized transfer of assets. This includes the unauthorized transfer of non-registered “crypto securities” listed on the platform.
Anthony Hopkins is Launching an NFT Collection To Celebrate His Career
On August 17, Orange Comet, an art+entertainment company focusing on NFT minting and promotion services, announced its partnership with the renowned Hollywood actor, Sir Anthony Hopkins, to launch its first NFT collection.
Orange Comet says this will be the first series of the NFT series “The Eternal Collection,” which will run for 3 days. During this period, collectors will be able to access more than 1000 unique images of the actor based on different archetypes.
Hopkins’ interest in creating an art collection immortalizing his film career grew after the release of his Zero Contact film as an NFT on Vuele —so much that he even asked Snoop Dogg how to create one.
On August 17, Orange Comet, an art+entertainment company focusing on NFT minting and promotion services, announced its partnership with the renowned Hollywood actor, Sir Anthony Hopkins, to launch its first NFT collection.
Orange Comet says this will be the first series of the NFT series “The Eternal Collection,” which will run for 3 days. During this period, collectors will be able to access more than 1000 unique images of the actor based on different archetypes.
Hopkins’ interest in creating an art collection immortalizing his film career grew after the release of his Zero Contact film as an NFT on Vuele —so much that he even asked Snoop Dogg how to create one.
Hackers are targeting Bitcoin ATMs through zero-day attacks
If the world of cryptocurrency already didn’t have enough to worry about, hackers are now targeting bitcoin ATMs to withdraw large amounts of BTC.
Recently, a group of anonymous hackers have exploited a zero-day bug in the General Bytes Bitcoin ATM servers to steal BTC from several customers. When the customers purchase or deposit bitcoin through these ATMs, the zero-day vulnerability allows hackers to divert the funds into their own wallets.
If the world of cryptocurrency already didn’t have enough to worry about, hackers are now targeting bitcoin ATMs to withdraw large amounts of BTC.
Recently, a group of anonymous hackers have exploited a zero-day bug in the General Bytes Bitcoin ATM servers to steal BTC from several customers. When the customers purchase or deposit bitcoin through these ATMs, the zero-day vulnerability allows hackers to divert the funds into their own wallets.
World’s Largest Ethereum Mining Pool to Drop Ether PoW Mining, Ethermine Starts Merge Countdown
The world’s largest ethereum mining pool, Ethermine, has announced the organization plans to drop proof-of-work (PoW) ethereum mining entirely. Ethermine says that the platform’s miner dashboard will display a countdown and users can continue to mine ether until the countdown reaches zero.
The world’s largest ethereum mining pool, Ethermine, has announced the organization plans to drop proof-of-work (PoW) ethereum mining entirely. Ethermine says that the platform’s miner dashboard will display a countdown and users can continue to mine ether until the countdown reaches zero.
US Authorities Warn of 'Pig Butchering' Crypto Scam Becoming Alarmingly Popular
U.S. authorities have warned about the rising popularity of a crypto scam known as “pig butchering.” The Federal Bureau of Investigation (FBI) explained: “The fraud is named for the way scammers feed their victims with promises of romance and riches before cutting them off and taking all their money.”
U.S. authorities have warned about the rising popularity of a crypto scam known as “pig butchering.” The Federal Bureau of Investigation (FBI) explained: “The fraud is named for the way scammers feed their victims with promises of romance and riches before cutting them off and taking all their money.”
US, Ukraine, and UK lead in overall use of crypto globally, new study reveals
As the cryptocurrency sector grows, digital assets are being utilized for various purposes such as payments and investment. However, the use of cryptocurrencies for such functions significantly varies by country, depending on factors like regulations. New research indicates that out of a number of countries around the world.
As the cryptocurrency sector grows, digital assets are being utilized for various purposes such as payments and investment. However, the use of cryptocurrencies for such functions significantly varies by country, depending on factors like regulations. New research indicates that out of a number of countries around the world.
Beijing announces two-year Metaverse innovation and development plan
The Metaverse development plan requires various municipalities to track NFT technology trends and integrate the Metaverse into education and tourism. The Beijing municipal government on Tuesday announced a two-year (2022–2024) Metaverse innovation and development plan that would require all districts to adhere to the newly released Web3 innovation plan. The development action plan refers to the Metaverse as a new generation of information technology integration and innovation that would drive the growth of the internet toward Web3. The innovation plan focuses on promoting the development of Metaverse-related industries and helping Beijing build a benchmark city for the digital economy.
The Metaverse development plan requires various municipalities to track NFT technology trends and integrate the Metaverse into education and tourism. The Beijing municipal government on Tuesday announced a two-year (2022–2024) Metaverse innovation and development plan that would require all districts to adhere to the newly released Web3 innovation plan. The development action plan refers to the Metaverse as a new generation of information technology integration and innovation that would drive the growth of the internet toward Web3. The innovation plan focuses on promoting the development of Metaverse-related industries and helping Beijing build a benchmark city for the digital economy.
China Introduces Digital Yuan Payments in Ningbo Subway, Guangzhou Buses
Authorities in two Chinese cities are promoting the digital yuan as a payment method in the public transportation system. Commuters on the subway of Ningbo and those taking the bus in Guangzhou will be able to purchase their tickets using the state-issued digital currency.
The city’s 9.5 million citizens and visitors can now pay their subway fares through the Ningbo Rail Transit app. To do that, they will have to link an e-CNY wallet — opened with any of the six large Chinese banks participating in efforts to popularize the digital incarnation of the national fiat — to the application.
Authorities in two Chinese cities are promoting the digital yuan as a payment method in the public transportation system. Commuters on the subway of Ningbo and those taking the bus in Guangzhou will be able to purchase their tickets using the state-issued digital currency.
The city’s 9.5 million citizens and visitors can now pay their subway fares through the Ningbo Rail Transit app. To do that, they will have to link an e-CNY wallet — opened with any of the six large Chinese banks participating in efforts to popularize the digital incarnation of the national fiat — to the application.
Binance will refund users affected by potential Ethereum fork after the Merge
With the Ethereum merge expected to take place between Sept. 10 and Sept. 20, Binance said it will refund users affected by a potential fork of the Ethereum chain an equal amount of their ETH holdings. Binance announced on Aug. 25, its plan to support and protect users’ funds regardless of the outcome of the Ethereum merge.
With the Ethereum merge expected to take place between Sept. 10 and Sept. 20, Binance said it will refund users affected by a potential fork of the Ethereum chain an equal amount of their ETH holdings. Binance announced on Aug. 25, its plan to support and protect users’ funds regardless of the outcome of the Ethereum merge.
Afghan Authorities Shut Down at Least 16 Crypto Exchanges: Report
Following the crypto trading ban, Herat police officers reportedly closed at least 16 cryptocurrency trading venues in the Afghan province. Afghan law enforcement agents reportedly closed at least 16 cryptocurrency platforms in the western province of Herat. The operation comes three months after the current Taliban government.
A recent coverage disclosed that Herat police officers halted the operation of a minimum of 16 cryptocurrency trading venues in the second-most populous province in the nation. The authorities’ actions come as a result of the central bank’s negative stance on the digital asset sector. Not long ago, it argued that crypto trading “has caused lots of problems and is scamming people,” and therefore, it should be limited. Speaking on the matter were also some residents of Herat. Shahram classified the cryptocurrency industry as a “new phenomenon” that is not so advanced in Afghanistan.
Following the crypto trading ban, Herat police officers reportedly closed at least 16 cryptocurrency trading venues in the Afghan province. Afghan law enforcement agents reportedly closed at least 16 cryptocurrency platforms in the western province of Herat. The operation comes three months after the current Taliban government.
A recent coverage disclosed that Herat police officers halted the operation of a minimum of 16 cryptocurrency trading venues in the second-most populous province in the nation. The authorities’ actions come as a result of the central bank’s negative stance on the digital asset sector. Not long ago, it argued that crypto trading “has caused lots of problems and is scamming people,” and therefore, it should be limited. Speaking on the matter were also some residents of Herat. Shahram classified the cryptocurrency industry as a “new phenomenon” that is not so advanced in Afghanistan.
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Advisors - Click Here to checkout our complete line-up of industry leading advisors
Presale ILO on Unicrypt Launchpad – Ends Tuesday August 30th
$DPAY Goes live on Uniswap Tuesday August 30th
DEVOUR is the future of web3 dining in the multi-trillion-dollar restaurant industry. We are unlocking the power of web3 for restaurants, empowering a new level of guest engagement and community collaboration.
DYOR:
DevourPAY.io | White Paper | Tokenomics | Telegram | Twitter | Team & Advisors
Tech Chef Podcast | Devour & Food Fighters Partnership | National Restaurant Owners Podcast
$DPAY is our flagship token in our restaurant technology ecosystem for payments and rewards. Guests earn 5% DPAYBack when paying with $DPAY. Further $DPAY rewards through holding the Industry Collection NFT.
Staking & LP Farming will be available soon.
🏋️♀️Core Team:
Shelly Rupel (Co-Founder & CEO) : 30-years of experience as a technology entrepreneur, strategic partnership leader and restaurant owner. Most recently with publicly traded Toast and ran multiple business units at PAR Technology.
Chad Horn (Co-Founder & COO) 15-years of experience specializing in strategic technology partnerships. Most recently ran strategic partnerships at PAR Technology.
Lisa Egbert (Co-Founder & COO Foundation) 30-years of experience in hospitality, product management and technology sales. Lisa’s career includes a decade at Disney, product management at NCR and, most recently, enterprise accounts at PAR Technology.
Advisors - Click Here to checkout our complete line-up of industry leading advisors
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Crypto.com accidentally transfers $10.5m to woman instead of $100
It took crypto.com more than seven months to realise the error.
The company accidentally entered an account number in the payment field instead of the $100 refund.
It happened in May last year, but the mistake was only discovered in a company audit just before Christmas.
When crypto.com tried to recover the money, the cash had already been moved and used to buy a multi-million dollar mansion.
But now a judge has ordered the property be sold, and the remaining money to be returned
It took crypto.com more than seven months to realise the error.
The company accidentally entered an account number in the payment field instead of the $100 refund.
It happened in May last year, but the mistake was only discovered in a company audit just before Christmas.
When crypto.com tried to recover the money, the cash had already been moved and used to buy a multi-million dollar mansion.
But now a judge has ordered the property be sold, and the remaining money to be returned
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OpenSea Trading Volume Down 99% From All-Time High
Think the cryptocurrency market has it rough? Take a look at what happened to non-fungible tokens – aka NFTs. Data from DappRadar shows that trading volume at OpenSea – the world’s largest NFT marketplace – has fallen by 99% in less than four months. While the company contested the figure to some degree, it admitted that the substantial slowdown in activity is both real and expected. According to DappRadar’s statistics page, the daily trading volume of ETH at OpenSea peaked above $400 million on May 1st. By comparison, the platform only generated $5 million in ETH volume on August 28th.
Think the cryptocurrency market has it rough? Take a look at what happened to non-fungible tokens – aka NFTs. Data from DappRadar shows that trading volume at OpenSea – the world’s largest NFT marketplace – has fallen by 99% in less than four months. While the company contested the figure to some degree, it admitted that the substantial slowdown in activity is both real and expected. According to DappRadar’s statistics page, the daily trading volume of ETH at OpenSea peaked above $400 million on May 1st. By comparison, the platform only generated $5 million in ETH volume on August 28th.
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