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Velodrome says team member stole $350,000 from the project’s wallet

Velodrome says team member stole $350,000 from the project’s wallet

Velodrome says “Gabagool,” a known crypto personality and one of its former team members, was responsible for stealing $350,000 in August hack.

The post Velodrome says team member stole $350,000 from the project’s wallet appeared first on The Block.

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Three biggest stories from past week in the crypto space

This past week saw the successful final Ethereum testnet merge, BlackRock launching a bitcoin product and Tornado Cash sanctioned by the US.

The post Three biggest stories from past week in the crypto space appeared first on The Block.

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Vauld says it disagrees with asset freeze order by Indian authorities

Vauld says it complied with a summons by Indian regulators and is disappointed by the asset freeze imposed on the crypto lender.

The post Vauld says it disagrees with asset freeze order by Indian authorities appeared first on The Block.

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Skynet Labs to shut down after failing to raise funds 

CEO David Vorick said that associated company Skynet, a decentralized storage and app hosting platform, will remain online.

The post Skynet Labs to shut down after failing to raise funds  appeared first on The Block.

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Ethereum killers are great for investors but little else, Blockchain.com’s Smith says

As big investors back the latest wave of Layer 1 blockchains, Blockchain.com’s Peter Smith questions whether it’s the best use of capital for the industry.

The post Ethereum killers are great for investors but little else, Blockchain.com’s Smith says appeared first on The Block.

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Crypto prime brokerage Floating Point Group secures VASP registration in Cayman Islands

Floating Point Group secured registration as a virtual asset service provider (VASP) in the Cayman Islands.

The post Crypto prime brokerage Floating Point Group secures VASP registration in Cayman Islands appeared first on The Block.

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Bitcoin mining stock report: Friday, August 12

Here’s how crypto mining companies performed on Friday, August 12.

The post Bitcoin mining stock report: Friday, August 12 appeared first on The Block.

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Ethereum Name Service: An Essential Web3 Building Block

Quick Take

  • Ethereum Name Service (ENS) boosts Ethereum’s user-friendliness by mapping machine-readable identifiers onto human-readable names
  • Governance is enforced through a DAO that encourages community members to actively shape the future of the protocol
  • Uncoupled from NFTs’ bleak market conditions, interest in ENS domain names has exploded lately

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Coinbase shares shrug off S&P downgrade

The rating agency’s move cited the company’s disappointing earnings report earlier this week,

The post Coinbase shares shrug off S&P downgrade appeared first on The Block.

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Indian authorities freeze $46 million worth of Vauld’s assets

India’s Enforcement Directorate has frozen fiat and crypto assets worth around $46 million belonging to crypto lender Vauld.

The post Indian authorities freeze $46 million worth of Vauld’s assets appeared first on The Block.

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