#stake
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Hackers managed to drain 6000 ETH, 3.9 million USDT, 1.1 million USDC, and 900,000 DAI from the company's address.
Tongue-in-cheek, one might say Drake was responsible for the audit.
UPD: Hacken has disclosed that an initial cyber theft of $20.69 million was executed on the Ethereum network, which was followed by subsequent heist amounting to $25.6 million across the BSC and Polygon networks.
The project's team has not yet commented on the breach.
The only information available is a Telegram channel update, indicating technical maintenance for the withdrawal of ETH, USDT, and ERC20 tokens. EthereumPoW (ETHW) Coin Review
On September 15, 2022, Ethereum introduced a pivotal upgrade, transitioning from the Proof-of-Work (PoW) consensus mechanism to Proof-of-Stake (PoS), dubbed "The Merge." However, some in the crypto community resisted this shift, seeing it as a deviation from Satoshi Nakamoto's foundational principles, and chose to retain the original algorithm.
The cryptocurrency exchange OPNX has tabled an offer to take over crypto lender Hodlnaut, which is undergoing a restructuring plan under the supervision of a Singapore court.
OPNX offered $30 million in FLEX to partially offset the creditors’ losses and cover their claims. If the bid is approved by the court and accepted by creditors, OPNX will own a 75% stake in Hodlnaut.
US presidential candidate Robert F. Kennedy Jr. disclosed that he invested in Bitcoin earlier this year, buying two BTC for each of his seven children. This move came after facing criticism for promoting the cryptocurrency without having any personal stake in it.
Kennedy clarified that he made the investment right after attending a Bitcoin conference where he announced his decision to accept campaign donations in Bitcoin.
“Right after that Bitcoin conference, I got a big check, and I said, okay, you know, I’m going to put my money where my mouth is.”
During the conference, he denied having any personal investment in the cryptocurrency. However, he later decided to invest in Bitcoin to demonstrate his commitment to the technology and its potential. Cardano Revolutionizes Blockchain with Dynamic P2P Network!
Dynamic P2P automates the process of selecting peer nodes, improving the connection between distributed nodes and simplifying the process of launching a relay or block-producing node. This eliminates the need for static configurations and manual data entry by stake pool operators (SPO). Polygon/MATIC: Uncovering the Most Popular Layer 2 Blockchain
Despite Ethereum's transition to Proof-of-Stake, its throughput has remained unchanged. As a result, second-layer solutions that address this issue continue to attract a growing number of active users and TVL. Among these solutions, Polygon has emerged as the most popular.
Coinbase and Circle, five years after jointly launching USDC, are evolving their partnership. Coinbase is acquiring an equity stake in Circle, emphasizing their shared vision for the financial future. To further its reach, USDC will launch on six new blockchains between September and October, expanding its multi-chain presence to 15. With clearer global stablecoin regulations, Circle will assume all governance, including smart contract management. The Centre Consortium, initially governing USDC, will dissolve.
In collaboration with its subsidiary Zynga, acquired for $12.7 billion last year, Take-Two is launching “Sugartown,” a web3 game built on Ethereum, marking the debut of a “major mobile game developer” crafting a crypto-based game “from the ground up.”
Players will utilize Ethereum (or ERC-721) tokens to access the game, stake for energy, and earn in-game currency.
Access tokens named Oras will also be minted this year as part of an initial release. Hive (HIVE): A Hard Fork of the Steem Blockchain
Hive is a scalable, L1 blockchain employing a Delegated Proof of Stake consensus algorithm. Constructed upon the Graphene blockchain software architecture, Hive can process transactions within a swift three-second window and takes pride in its minimal fees. America's Crypto Crown at Stake: Is the U.S. Losing its Grip?
ARK Invest, in their weekly dispatch to clients, is casting doubt on the U.S.'s ability to maintain its prime position within the crypto industry. The chief concerns listed are the total ambiguity over the regulation of digital assets, coupled with declining liquidity. Decred: an overview of the PoW&PoS hybrid coin
Decred (DCR) is a cutting-edge digital currency that operates on its own blockchain, utilizing a unique hybrid PoS (Proof of Stake) and PoW (Proof of Work) consensus algorithm. This innovative approach enhances decentralization and fosters a balanced ecosystem for miners, stakers, and holders alike. RIP mining: What are the alternatives in 2023?
Last year, when Ethereum transitioned to a Proof-of-Stake (PoS) consensus algorithm, many mainstream media outlets published articles proclaiming the death of mining. However, the question remains: has mining truly ceased to be profitable, and if so, what alternatives are available? 






