Despite CertiK Audit, Merlin DEX Hacked for $1.82M: Security in Spotlight
Decentralized exchange Merlin suffered a loss of $1.82 million on April 26, as an attacker drained funds from a liquidity pool on the zkSync-based DEX. This incident raises concerns over the effectiveness of DeFi audits, as Merlin had been audited by the well-known security firm CertiK just days before the hack.
The hacker managed to deplete the liquidity pool of the Merlin DEX, which had only launched a few days prior, and was built on zkSync, a Layer 2 zk-rollup-based scaling solution for Eth
Burger King Accepts Crypto Payments Via Power Bank Rental Machines in Paris
Burger King officially approves payments with Bitcoin and other cryptocurrencies in Paris!
The company grants its customers access to Instpower power bank rental machines which accept cryptocurrency payments through Alchemy Pay and Binance Pay.
This circumstance signifies a vital turning point between the fast food chain and the acceptance of cryptocurrencies as forms of payment.
The advantages of crypto payments in the food industry
Blockchain technology allows quick, safe, and low-cost pr
Polygon Partners With Wakweli To Authenticate NFTs
Polygon has added Wakweli to its streak of partnerships. The new collaboration will fully utilize the Web3 infrastructure protocol’s ability to verify the originality of NFTs.
About Wakweli
Wakweli is a comprehensive protocol developed on a decentralized consensus algorithm (Proof of Democracy) that provides certificates of authenticity for NFTs. PoD community members will receive $WAKU for their act of fairness.
Wakweli’s certificates guarantee a unique and genuine virtual representation of
An Irish farmer named Tom Campbell has discovered a unique way of utilizing the abundant energy his dairy farm produces for Bitcoin mining! The dairy farmer in Northern Ireland’s County Armagh develops renewable energy via anaerobic digestion.
Anaerobic digestion is a natural process that breaks down organic matter into biogas and nutrient-rich digestate in the absence of oxygen. Biogas produced through anaerobic digestion is burned to produce steam that powers a turbine, generating electricity
Pranksy’s Partnership With Sorare Brings Exciting Prizes And Leagues
NFT collector and market influencer Pranksy has teamed up with Sorare, the popular blockchain-based sports card game, in a partnership named “Pranksy Plays”.
As part of the collaboration, the NFT collector has invested in Sorare’s football cards and will invite his community to join private leagues with prizes, including NFTs from the Pranksy vault, VIP Premier League tickets, and merchandise provided by Sorare.
Two private leagues will be available to players, with one accepting only free-to-
Disney Shuts Down Metaverse Unit To Focus On Core Business
Popular family entertainment giant Disney is redirecting its efforts away from Web3 as part of a restructuring plan. The plan includes shutting down its metaverse unit as well as slashing operational costs by $5.5 billion!
The decision came after consulting with McKinsey & Company. The media company approached McKinsey & Co. for help because of the unfavorable market conditions and increased competition in streaming services.
Following the consultation, it decided to change direction, cut exp
Alibaba Launches Blockchain Lab In Japan For Web3 Adoption
Alibaba Cloud, a division of the Chinese tech giant Alibaba, has revealed its plans to develop a blockchain lab in Shibuya next month.
The lab will be a product of the partnership with Tokyu Land Corporation and Skeleton Crew Studio. According to an announcement by Alibaba News, the lab is intended to expand Web3 revenue potential for Japanese gaming developers by allowing them direct access to the Web3 partner network of the company.
In addition to regular workshops and networking opportuniti
Gucci Partners With Yuga Labs To Create Digital Fashion In Otherside Metaverse
Italian luxury fashion brand Gucci has partnered with Yuga Labs to bring digital fashion into the Otherside metaverse.
This partnership with the Bored Ape Yacht Club’s founder will further cement the fashion company’s feet in the Web3 sphere. Also, the partnership is an example of how NFTs and Metaverse are positively influencing the fashion industry. By blending endless possibilities and creativity with the allure of exclusivity, opulent fashion brands are excited to attract new audiences.
The Sandbox and Ledger Team Up For Metaverse Security
The Sandbox has merged with the hardware wallet provider, Ledger, to provide security for digital assets in the metaverse.
Businesses on the metaverse platform can leverage the new security update to shelter themselves from widespread frauds and scams. In recent years, metaverse firms have also experienced difficulties managing their assets. This alliance will address such challenges in the sector.
This new partnership will develop several initiatives for these two companies. The Ledger Enter
Venezuela Shuts Down Crypto Mining Due To Corruption Examination
Due to ongoing corruption charges regarding an oil firm in Venezuela and a restructuring of the national crypto department, the country’s energy company has shut down cryptocurrency mining projects throughout the nation.
Various forms of corruption were made possible by the power concentrated in Sunacrip. Investigations are presently underway concerning SUNACRIP’s involvement as an organizing node in the misappropriation of money from unreported oil sales.
Game On: Magic Eden Forms Web3 Games Collective with Top Industry Players
The newly launched Web3 Games Collective (W3GC) is a thrilling initiative from Yield Guild Games, Game7, Fenix Games, and Magic Eden.
The alliance is aimed at promoting the mass adoption of Web3 gaming and expanding the ecosystem for this innovative new space.
The group was presented at the annual Game Developers Conference in San Francisco, California, and has already gained traction among investors, developers, and gamers.