The Million Dollar Scandal: Inside the Controversial CryptoZoo Game That Fleeced Players Out of Their Savings
In 2020, Logan Paul, a popular YouTuber, and his team developed a blockchain game called CryptoZoo. Subsequently, @coffeebreak_YT investigation of Logan Paul's blockchain scam inspired this article.
Sam Bankman-Fried Political Donations Returned by Democrats
According to The Washington Post, three Democratic political groups to which FTX founder Sam Bankman-Fried (SBF) donated will seek to return the funds.
BIS Allows 2% Crypto Reserves for Banks
Banks can hold 2% of their reserves in cryptocurrencies thanks to a new rule from the Bank for International Settlements (BIS).
OneCoin co-founder admits to crypto Ponzi scheme
The co-founder of OneCoin and an associate of the Cryptoqueen has pleaded guilty to operating a Ponzi scheme. Millions of people were duped into purchasing a deceptive virtual currency, resulting in billions of dollars in losses.
Binance’s Proof-of-Reserve Report Shows Almost All Customer Funds Backed by Exchange Assets, Despite Criticism
A Proof-of-Reserve (PoR) report was recently carried out by Binance, one of the most significant cryptocurrency exchanges. The report’s purpose was to provide customers with additional transparency and reassure them that their funds were secure.
LUXON Provides In-Depth Look At Benefits Of Web3 Gaming And Ecosystem
The LUXON team has provided a comprehensive analysis of Web3 while also offering an in-depth look at the limitations associated with Web2 in different contexts such as P2E (Play-to-Earn), utility, accessibility, and more.
Mazars stops “proof of reserves” work, and Binance outflows hit $6bn
As Binance fights to avoid a crisis of confidence, outflows from the exchange sped up to $6 billion in the first half of this week, and accounting firm Mazars has halted work on crucial “proof of reserves” reporting.
Governors and Heads of Supervision endorse global bank prudential standard for cryptoassets and work programme of Basel Committee
The Basel Committee's oversight body endorses a global prudential standard for banks' exposures to cryptoassets, for implementation by 1 January 2025.
16 Dec 2022
On chain derivatives
Since the FTX collapse the use case for on chain derivatives is ever needed.
16 Dec 2022
$2 Million Solana Protocol Raydium Hack
After Serum, another Solana-based DEX has had its administrator key compromised.
16 Dec 2022
The Trump NFT Collection is a hit, causing a price increase
OpenSea's data shows that the minimum price for this collection is about 0.19 ETH, or $230, which is more than twice the original mint price.
16 Dec 2022
Financial Strength Tested: Can Binance Survive the Return of $2.1 Billion?
According to CZ's recent TV interview, yes, Binance is financially stable, even though he dodged answering the question directly.
