Dogecoin worth millions linked to illicit activity including terrorism
Dogecoin is increasingly connected to illicit activity including Ponzi schemes, the financing of terrorism and child sex abuse material (CSAM), according to a new report by blockchain analytics firm Elliptic.
The “most notable” crime relating to Dogecoin, according to Elliptic, is thefts, scams and Ponzi schemes. Elliptic claims to have identified over 50 cases where criminals cashed out millions of dollars in Dogecoin.
Ethereum devs to shutter Ropsten, Rinkeby and Kiln testnets after merge
Bringing The Merge to the tetsnets is essential to ensure the upgrade works well before the mainnet launch in early August if everything goes according to schedule.
The Ethereum core development team has announced a plan to shut down three of its existing testnets — Ropsten, Kiln and Rinkeby — after the so-called merge. Post-merge, the team plans to maintain only two existing testnets, Goerli and Sepolia.
Harmony’s Horizon Bridge hacked for $100 million
The Horizon Bridge to the Harmony layer-1 blockchain has been exploited for $100 million in altcoins which are being swapped for Ether (ETH).
Harmony, the operator of the bridge, said the BTC bridge and its assets have not been affected by the attack. The Harmony team also said it was working with “national authorities and forensic specialists” to determine who is responsible.
Shopify adds NFT-gated option for online retailers
The online shopping giant, which allows small businesses to create custom e-commerce shops, is launching NFT-gated storefronts.
This new feature will allow brands to unlock exclusive shopping experiences and attract more customers.
REI rises 41.83% after 24h
REI, the native token of the REI Network ecosystem, is currently leading the Top Gainers on ONUS in the last 24 hours.
This asset witnessed a growth of 41.83% after 24 hours and is trading at $0.0433944. REI’s 24-hour trading volume reached $27 million, 9 times the average of the past 10 days.
Visa launches Bitcoin & crypto enabled cards in Latin America
Visa, one of the leading payment companies, announced that it has launched its first crypto-enabled cards in Latin America with the goal of enabling more people to use cryptocurrencies through its payment network.
The features that will be implemented in these new cards include paying with cryptocurrencies, buying cryptocurrencies through Visa-enabled crypto stores, as well as receiving refunds for purchases in Bitcoin.
Ankr launches App Chains-as-a-Service
Ankr, one of the world’s leading Web3 infrastructure providers, officially announces the launch of App Chains-as-a-Service, a suite of plug-and-play tools that enable dApp developers to build custom blockchains uniquely suited to their applications.
eBay acquires NFT marketplace KnownOrigin
E-commerce giant eBay (EBAY) has continued its push into digital collectibles by acquiring U.K.-based non-fungible token (NFT) marketplace KnownOrigin, according to a press release on Wednesday. Terms of the acquisition were not disclosed.
This partnership will allow them to attract a new wave of NFT creators and collectors, said David Moore, the co-founder of KnownOrigin.
Consulting giant KPMG makes its first foray into Metaverse
KPMG’s US and Canada businesses have launched a so-called collaboration hub in the metaverse as it seeks to help clients develop strategies within the space.
The private hub is a place where employees, partners and clients can conduct virtual team meetings and share ideas — using virtual whiteboards. They will also be able to conduct training sessions, job interviews and employee evaluations in the metaverse.
dYdX announced launching dYdX V4 on Cosmos blockchain
dYdX, a decentralized exchange focused on providing perpetual contracts, is migrating away from Ethereum and spinning up its own blockchain thanks to the Cosmos SDK.
The team expects the move to greatly help the protocol’s decentralization and processing capacity.