Axie Infinity devs raise $150M to compensate users for Ronin Network hack

Sky Mavis, the company behind blockchain-based game Axie Infinity, has successfully closed a new $150 million funding round led by crypto exchange Binance, according to a press release shared with CryptoSlate today. Always have, always will be there for our Labs family member! @SkyMavisHQ @AxieInfinity 🙌🫂 Looking forward to our LONG way ahead together.https://t.co/218hdGRYm2 — … Read more

User loses $570,000 worth of Mutant and Bored Ape NFTs to ‘fake verification’ scam

A pseudonymous user, known as “s27,” today lost roughly $570,000 worth of non-fungible tokens (NFTs) after exchanging his Bored Ape Yacht Club (BAYC) #1584 and two Mutant Ape Yacht Club (MAYC) tokens for fraudulent NFTs deceptively disguised as genuine. The exchange was first spotted by crypto enthusiast Quit thanks to his Discord server configured to … Read more

Opera now supports Bitcoin, Polygon, Solana, and 5 other crypto ecosystems

Opera, the developer of its eponymous multi-platform web browser, added support for eight major blockchains today as part of its “giant leap into web3.” “Opera, the company behind the world’s first native web3 browser with built-in crypto wallet, today announced adding support for several major blockchain ecosystems, including Solana, Polygon, StarkEx, Ronin, Celo, Nervos, IXO … Read more

Axie Infinity developers’ Ronin Network loses $615 million to hackers

Ronin Network, an Ethereum-based sidechain created by Axie Infinity developer Sky Mavis to support its popular non-fungible token-based game, was exploited by an unknown hacker (or a group) and lost roughly $615 million worth of crypto today. “The Ronin bridge has been exploited for 173,600 Ethereum and 25.5M USDC. The Ronin bridge and Katana Dex … Read more

U.S. Treasury wants to include crypto in foreign accounts reporting rules

A new proposal published by the U.S. Treasury suggests that cryptocurrencies such as Bitcoin and Ethereum should be added to the Internal Revenue Service’s (IRS) rules for reporting taxpayers’ offshore accounts. A recently published document, titled “General Explanations of the Administration’s Fiscal Year 2023 Revenue Proposals,” explains that Section 6038D of the Internal Revenue Code … Read more

Madonna joins Metaverse with $560,000 Bored Ape NFT purchase

Iconic singer/songwriter and actress Madonna joined the proud ranks of “ape holders” today, flaunting on Instagram a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) she purchased for about $560,000 via fintech firm MoonPay. “I finally entered the MetaVerse…My very own Ape! What should I name her? Thanks @moonpay,” Madonna wrote on her Instagram. “We … Read more

Loopring (LRC) surges following GameStop’s NFT market beta launch

The price of LRC, the native token of Ethereum-based scalability solution Loopring, has jumped by up to 35% after the protocol officially announced its integration and the launch of GameStop’s non-fungible token (NFT) marketplace beta yesterday. The future of #NFTs are here + they’re powered by #Ethereum‘s second layer💙 Loopring L2 x @GameStop Power to … Read more

Hacker steals $1.8M worth of crypto and NFTs from DeFiance Capital founder

Arthur Cheong, the founder of crypto-asset fund DeFiance Capital who is also known as Arthur_0x on Crypto Twitter, became the latest target of a “social engineering attack” today, losing roughly $1.8 million worth of crypto and non-fungible tokens (NFTs). The only thing I can say to the hacker is: you mess with the wrong person. … Read more

Justin Sun gets salty over Ukraine’s airdrop ignoring TRON community

The government of Ukraine, which according to various estimates has already received about $33 million worth of crypto donations, has recently announced an airdrop aimed at its benefactors. However, some expressed dissatisfaction with the fact that certain donors apparently won’t be rewarded for their humanitarian aid. Answering to the humanitarian appeal from @FedorovMykhailo, TRON community … Read more

Users deride $70M NFT project Pixelmon following reveal of its ‘art’

Pixelmon, a non-fungible token (NFT) project that raised over $70 million earlier this month, has recently revealed the artworks for which users paid up to $10,000…and the crypto community has been having a field day with them ever since. $70 MILLION LOOOOOOOOL pic.twitter.com/GAcfAuMlsS — Cobie (@cobie) February 26, 2022 While the definition of “art” is … Read more