Yagyesh Jaiswal

Web3 Project Drained of $62M in Massive Hack

Munchables, a Web3 platform on Blast blockchain suffered a devastating $62.5 million hack when a former developer manipulated a smart contract to drain user funds.

Yagyesh Jaiswal

The massive hack of Munchables raises serious security concerns around vulnerabilities in smart contracts and hiring practices of blockchain companies. Though controversial, a chain rollback may help recover some of the stolen funds and redeem user trust in the project.

SEC Seeks $2B Fine for Ripple's XRP Sales

The SEC outlines its case for imposing a $2 billion fine on Ripple, citing unregistered XRP sales and a failure to comply with securities laws, highlighting the need for industry-wide deterrence.

Yagyesh Jaiswal

The SEC proposes a $2 billion fine against Ripple for extensive unregistered XRP sales and lack of compliance with securities laws, aiming to set a precedent for the crypto industry.

Fetch.ai, SingularityNET, & Ocean Protocol Merge Tokens

Recent reports indicate that Ocean Protocol, Fetch.AI, and SingularityNET are in talks to consolidate their tokens into a new $ASI token, with the merged project valued at $7.5 billion.

Yagyesh Jaiswal

If completed, the merger of Ocean Protocol, Fetch.AI, and SingularityNET would create one of the largest decentralized AI projects by total value, raising questions about the vision and utility of the new $ASI Token

SEC Seeks $2B Fine for Ripple's XRP Sales

The SEC outlines its case for imposing a $2 billion fine on Ripple, citing unregistered XRP sales and a failure to comply with securities laws, highlighting the need for industry-wide deterrence.

Yagyesh Jaiswal

The SEC proposes a $2 billion fine against Ripple for extensive unregistered XRP sales and lack of compliance with securities laws, aiming to set a precedent for the crypto industry.

KuCoin Accused of Flouting AML Laws

The U.S. Department of Justice has indicted cryptocurrency exchange KuCoin and two of its founders for operating as an unlicensed money transmitter and violating anti-money laundering laws by laundering over $9 billion.

Yagyesh Jaiswal

The DOJ's indictment alleges that KuCoin deliberately avoided complying with key U.S. regulations aimed at stopping illegal activity, showing the need for international compliance in the crypto space.

Meme Coins Drive $1.5M Daily Transactions on Base Network

The fast-growing Base blockchain is seeing significant gains in activity with over 1.5 million daily transactions due to the ongoing popularity of meme coins on networks like Toshi and Brett.

Yagyesh Jaiswal

The Base network developed by Coinbase has seen unprecedented growth in March 2024 fueled by retail traders chasing profits from meme token hype. With direct access from Coinbase itself, Base could become the first blockchain for many new crypto users.

BlackRock's Bitcoin & Ethereum Strategy

Discover how BlackRock positions Bitcoin as a pivotal element of the future financial system, showing limited interest in cryptocurrencies beyond Bitcoin and Ethereum for their investment portfolio.

Yagyesh Jaiswal

BlackRock anticipates Bitcoin becoming a fundamental component of the future financial infrastructure, with Ethereum also gaining attention. However, other cryptocurrencies see minimal interest from the firm's clients.

Solana Condemns Racist Memecoin Wave

Solana CEO Anatoly Yakovenko speaks out against the proliferation of racist and offensive memecoins on the network, emphasizing a stance against hate-driven content.

Yagyesh Jaiswal

Solana's CEO denounces the recent influx of racist and offensive memecoins on the platform, with DEX Screener, a key monitoring service, pledging to review its policies to combat the trend.

Binance Executive Escapes from Nigerian Custody

Explore the details surrounding the reported escape of a Binance executive from Nigerian authorities who had detained him for suspected tax evasion and other offenses.

Yagyesh Jaiswal

In the end, more questions remain than answers as to how the highly unusual escape was carried out and what will come next in this developing story.

Bitcoin and Ether Surge as Central Banks Ease Rates Globally

Bitcoin and Ether prices saw strong gains to kick off the Asia trading session as global central banks begin loosening monetary policies and BlackRock makes a foray into the crypto space.

Yagyesh Jaiswal

The cryptocurrency market got a boost from signs of ongoing institutional adoption and a coordinated easing of rates around the world, sending Bitcoin and Ether higher to start the week. Short sellers faced liquidations, but uncertainties remain over regulatory and economic prospects.