Jesse Pollak has been tapped by Coinbase to develop its wallet program Jesse Pollak, the creator of the Ethereum Layer 2 blockchain Base, has officially taken on a leadership role at Coinbase. Pollak will now oversee Coinbase Wallet while continuing to lead the Base team. This move is seen as a step toward improving the
The Winklevoss-led exchange is shutting down at the end of the year Cryptocurrency exchange Gemini has informed its Canadian customers that they need to withdraw their funds and empty their accounts by the end of 2024. In an email sent to users yesterday, the company, founded by the Winklevoss twins, announced that all accounts in
A crypto-stealing app lurked on Google Play and stole over $70,000 from victims According to cybersecurity firm Check Point Research, an alarming security breach on the Google Play Store led to more than $70,000 being stolen from crypto users. The company discovered a fraudulent app that had been active for over five months, using sophisticated
Adam Iza faces a number of federal charges that will likely lead to a long prison sentence Adam Iza, the founder of crypto trading platform Zort, faces serious charges involving cryptocurrency fraud, bribery, and the use of corrupt law enforcement officers to amass millions, according to a recent FBI affidavit. Federal prosecutors revealed that Iza
The crypto-based company is the latest to become a victim of cyberpirates Truflation, a blockchain-based platform focused on providing real-time inflation data, recently confirmed it was hit by a malware attack that resulted in the loss of over $2 million. The hack was identified after the team noticed unusual activity in the system, leading to
Sam Bankman-Fried’s ex-girlfriend gets off light after cooperating with the investigation Caroline Ellison, the former CEO of Alameda Research, was sentenced to two years in a minimum-security prison yesterday for her involvement in the collapse of FTX, the cryptocurrency exchange. The sentencing was delivered by Judge Lewis Kaplan of the District Court of Southern New
The move increases the options travelers have for using their crypto holdings Travala, the cryptocurrency-friendly travel platform, has expanded its payment options by integrating Solana, a leading blockchain known for its speed and low transaction fees. On September 21, Travala’s CEO, Juan Otero, announced the partnership during the Solana Breakpoint conference in Singapore. This collaboration
Hemi Network could be the next solution for better blockchain security In recent months, the cryptocurrency world has faced significant challenges regarding the security of cross-chain bridges, as various hacks have exposed vulnerabilities in these systems. In response, developers are exploring new approaches to improve interoperability between major blockchains. One such project, Hemi Network, has
A judge has ruled that the company has no foundation to target the securities regulator A Texas federal judge has ruled against blockchain development firm Consensys in its lawsuit against the US Securities and Exchange Commission (SEC) and its five commissioners, including SEC Chair Gary Gensler. The lawsuit, originally filed in April, sought a court
The cyberthieves faked the airdrop and might still be collecting money Decentraland’s official X account has been hacked, leading to the circulation of a fraudulent MANA token airdrop. The incident was first reported by blockchain security firm PeckShield earlier today. The hackers have been sharing a phishing link disguised as an opportunity to claim free
The partnership will allow MoneyGram to work closely with cryptocurrency CEX.io, a centralized cryptocurrency exchange, has partnered with MoneyGram to expand its crypto cash-in and cash-out services. This collaboration will allow CEX.io users to convert Circle’s USD Coin (USDC) into physical cash and vice versa at participating MoneyGram locations. By integrating MoneyGram and the Stellar
Two commissioners aren’t happy with a recent enforcement action by the watchdog Two commissioners from the US Securities and Exchange Commission (SEC) have openly criticized the agency’s settlement with Flyfish Club, a restaurant project that sold NFTs as memberships. Flyfish Club agreed to pay $750,000 as part of a settlement over allegations that it conducted
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