Gala sues pNetwork demanding $28m compensation
Gala, has filed a lawsuit against pNetwork due to a million-dollar scam that took place in Nov. 2022. According to Gala, pNetwork’s negligence led to the attack.
Miscellaneous
Miscellaneous posts
MEV bot drained $1m after attacker manipulated bug
A non-atomic MEV bot was reportedly drained $1 million through a bug. Further investigation shows it has been on the platform for a while and was responsible for prior bad trades. In a Twitter thread, Flashbot’s Robert Miller explained that…
Signature Bank to return crypto deposits to customers directly
On March 20, 2023, the Federal Deposit Insurance Corp. announced that Signature Bank’s related deposits would be returned directly to the customers, contrary to the notion that the New York Community Bancorp would handle them. The Federal Deposit Insurance Corp.…
Crypto.com secures MVP approval from Dubai regulators
Crypto.com has announced that it has been granted an MVP preparatory license by the Dubai Virtual Assets Regulatory Authority (VARA). The permit will lay the foundation for the exchange to extend its operations to the region. Crypto.com, the world’s 18th-largest…
BitMex founder gives Fed advice on defeating bank crisis
BitMeex founder, Arthur Hayes, has advised the FED to deploy swipe lines in trying to pull troubled banks out of liquidity issues. This comes after reports made round that the FED had printed $300b.
Belgium introduces new crypto ad rules
Belgium’s fiscal watchdog has updated the country’s crypto rules which mandate that crypto advertisers warn users of the risks associated with investing in crypto. The Financial Services and Market Authority (FSMA) will require notification on all primary commercial crypto campaigns…
OKX plans to wind down business in Canada
OKX exchange, on March 20, announced that it would be winding down operations in Canada. The firm cited new rules that the CSA imposed as the reason to the temporary action.
Ron DeSantis urges for the prohibition of CBDCs
Governor of Florida, Ron DeSantis, pledges to ban the use of central bank digital currencies in Florida. Florida’s Governor, Ron DeSantis, has recently voiced his apprehension regarding the potential adverse effects of central bank digital currencies (CBDCs) on the state’s…
Solana surges amid thriving DeFi and NFT ecology protocols
Solana is up 8% within the last 24-hours as the assets valuation also recorded a 18% increase for the week. This comes as the network’s DeFi and NFT space continue to thrive.
Exploring SinVerse, an R-Rated metaverse game on the BNB Smart Chain
In a live chat with Rutherford Atayobo, the chief operating officer (COO) of SinVerse we discussed the state of the metaverse and gaming