$600 Million Lost in ETH Sidechain Hack

eth ronin hack

The newest “crypto” hack may be the biggest ever. The Ronin Network reported a loss of around $625 million USDC and Ethereum on Tuesday. The exploit targeted Sky Mavis, the publishers of the game, and the Axie decentralized autonomous organization, according to a blog post by the Ronin Network’s official Substack. According to Etherscan, an […]

Ethereum: the Centralized JPMorgan Protocol

ethereum scam

A recent lawsuit from ConsenSys displays that JPMorgan owns infrastructure critical to Ethereum, showing the protocol to be even more centralized than originally thought. Ethereum is reliant on the system Infura, which ConsenSys owns. But who owns ConsenSys? Joe Lubin is the co-founder of ETH and the founder of Consensys. Lubin holds a lot more […]

BlackRock: Ukraine War Could Accelerate Crypto Adoption

Ukraine Bitcoin Blacklist

Blackrock chief executive, Larry Fink, said on Thursday that the Ukraine war could end up accelerating digital currencies as a tool to settle international transactions. Despite what headlines around the world are declaring, he doesn’t appear to be talking about currencies like bitcoin. He said: “A global digital payment system, thoughtfully designed, can enhance the […]

Bitbay Founder Sylwester Suszek Gone Missing

Sylwester Suszek, former CEO and Founder of BitBay was reported missing by his family on March 10th and has not been seen since. The disappearance is being reported uniformly by the media with vague accusations of criminal activity by Suszek and some of the original Bitbay shareholders. Good information is not easy to find. When […]

Israel’s Second-Largest Bank to Offer Bitcoin Trading

leumi bank bitcoin

Bank Leumi, the second-largest bank in Israel, will be the first to enable Bitcoin trading, allowing customers to trade and hold Bitcoin. This report comes from Pepper Invest, the bank’s digital platform, which announced a partnership with Paxos on March 24. Investors will be allowed to trade and keep “crypto”, initially just Bitcoin and ethereum. Purchases […]