Confiant, an agency for advertising security, discovered a number of malicious activity that involved distributed wallet apps. This allowed hackers to steal private keys and then acquire funds from users through backdoored imposter accounts. These apps are distributed by cloning legitimate websites, making it appear that the user is downloading an authentic app.
Tron DAO purchased another $500 million worth USDC stablecoin on Tuesday to expand its reserve assets pool, and save confidence in its algorithmic stablecoin Decentralized USD (USDD).
MicroStrategy will have to make a margin call on a loan of $205 million if BTC falls more. However, CEO Michael Saylor says the company is ready to “HODL through adversity.”
Last week saw outflows in digital asset funds exceeding $102 million, with Bitcoin accounting $57 million.
Bored Apes and Moonbirds, as well as other top NFTs, are losing their value. However, sales are increasing because buyers are snagging bargains.
Blockfi, a cryptocurrency lending company, announced Monday that market conditions had had a “negative effect” on its business. It will be cutting off “roughly 20% of its staff.” Blockfi founders Zac Prince, Flori Marquez and Flori Marquez sent the message following a string of notable crypto firms that have cut back their employees because of the bear market.
Northpond Ventures led the round that saw Molecule raise $13 million in seed capital. Backed VC and Shine Capital were also part of the round, as was Speedinvest, Speedinvest, and Balaji Srinivasan, former Coinbase CTO. This protocol views itself as part decentralized science, which is a movement that allows research projects to be owned and funded collectively.
Crypto.com joins Coinbase, Bitso, Buenbit and Gemini in cutting their workforce to prepare for crypto winter.
The cryptocurrency lending platform Nexo offered to buy “certain remaining qualifying assets of Celsius Network,”
Huobi, a prominent cryptocurrency exchange, announced the creation a new investment arm to address decentralized finance, Web3 projects, and other issues. The exchange named it Ivy Blocks. It will help seed stage projects with financing and other support services, with the goal of creating a better, more inclusive Web3 ecosystem.
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