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KelpDAO Sues LayerZero Over $292 Million rsETH Exploit, Claims Bridge Risks Were Not Disclosed
KelpDAO has filed a civil claim in British Columbia against LayerZero and co-founder Bryan Pellegrino over an April attack that resulted in the loss of 116,500 rsETH worth about $292 million (roughly Rs. 2,797 crore). KelpDAO alleges LayerZero failed to disclose risks linked to the bridge’s verification setup. Pellegrino has called the claims “...
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Indian Seafarer Killed, 19 Rescued After Torpedoes Strike Ship Off Oman Coast
The vessel had 28 crew members on board, of whom 20 were Indian nationals.
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Kelp DAO Completes Recovery of Restaked Ether Token Following Major Hack
Ethereum liquid staking protocol Kelp DAO has completed the restoration of its rsETH token after suffering a $293 million exploit linked to North Korea’s Lazarus Group. The recovery effort involved multiple DeFi protocols under the “DeFi United” initiative to rebuild rsETH backing and restore cross-chain operations.
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Arunachal's Traditional Blade 'Dao' Gets Geographical Indication Tag
The Arunachal Pradesh 'dao', a traditional handcrafted blade by several tribal communities, has received the Geographical Indication (GI) tag, marking a major milestone in the preservation of the state's indigenous craftsmanship.
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SocialFi Is the New Buzzword in Web3 World, Here’s What We Know About It
The concept of SocialFi is to bridge the gap that exists between existing social networking platforms and Web3. It gives users more control over their content, more freedom of speech, and also lets them monetise their content.
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ApeCoin DAO Debuts its NFT Marketplace; Sizzles Up Competition for OpenSea, MagicEden
ApeCoin DAO has announced the launch of its own NFT marketplace. For sellers, the platform has decided to offer a 0.5 percent fee on Ether transactions and 0.25 percent on ApeCoin transactions. It will also retain 0.25 percent from each sale.
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Why I Am Bullish on Web3 for 2022
Web3 is the next phase of Internet as we know and use today. Supported largely by the blockchain technology, Web3 is capable of supporting advanced tech ecosystems such as the metaverse, cryptocurrencies, and Decentralised Finance (DeFi) industry. In recent times, several big companies and brands have begun working on expanding their Web3 teams and...
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Career Options in Blockchain and Crypto: An Overview of How to Approach a Job Hunt in the Sector
Searches for careers in cryptocurrency and blockchain have spiked, and postings for careers in the field have jumped exponentially over the past two years too. But how does one find out the right crypto job based on aptitude and area of interest.
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Bored Ape Yacht Club Creator Launches Governance Token Named ApeCoin: Here's All You Need to Know
Yuga Labs, the creator of the massively popular Bored Ape Yacht Club (BAYC) NFT collection, said it had launched a new governance token named ApeCoin that will be airdropped to BAYC holders later today.
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Chainalysis Launches Crypto Wallet Sanction Screening Tools in View of Global Sanctions on Russia
Blockchain analytics firm Chainalysis has announced the launch of new tools for identifying crypto wallets that fall under sanctions. The tools are free-to-use for everyone and specially created keeping decentralised autonomous organisations (DAOs) and decentralised app (dApp) developers in mind, says the firm.
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Bain Capital Ventures Unveils $560 Million Fund for Crypto, Blockchain Projects
Bain Capital Ventures, the venture arm of private equity firm Bain Capital, announced on Tuesday that it has launched a $560 million (roughly Rs. 4,289 crore) fund focused exclusively on cryptocurrency-related efforts.
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Ukraine Has Garnered Over $35 Million in Crypto Donations Through Several Organisations, DAOs So Far
Ukraine issued a plea for crypto contributions on Twitter last week and as per a firm that tracks cryptocurrency transactions named Elliptic, the country's government and non-governmental organisations have received more than 35,000 donations so far.
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All About DAOs: Decentralised Autonomous Organisations
A Decentralised Autonomous Organisations (DAO) can be explained as a mutual fund where instead of a central manager, the participants decide on the investment and other decisions. Aave, Compound, Decred, MakerDAO, and Uniswap are some examples of DAOs.
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Crypto Startup BlockFi Stops Opening New High-Yield Bitcoin Accounts After Record $100 Million US SEC Settlement
Crypto startup BlockFi agreed to pay $100 million (roughly Rs. 755 crore) to settle allegations from the SEC and state regulators that it illegally offered a product violating securities law.
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Infinity Ventures Crypto Raises $70-Million Fund to Empower Companies With Focus on Web3, DeFi
Taipei-based Infinity Ventures Crypto has raised $70 million (roughly Rs. 525 crore) to deploy startups that aim to accelerate the growth of DeFi, GameFi, and Web3 in Asia and the Americas in its first fund deal, which closed today.
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KelpDAO Sues LayerZero Over $292 Million rsETH Exploit, Claims Bridge Risks Were Not Disclosed
KelpDAO has filed a civil claim in British Columbia against LayerZero and co-founder Bryan Pellegrino over an April attack that resulted in the loss of 116,500 rsETH worth about $292 million (roughly Rs. 2,797 crore). KelpDAO alleges LayerZero failed to disclose risks linked to the bridge’s verification setup. Pellegrino has called the claims “...
-
Indian Seafarer Killed, 19 Rescued After Torpedoes Strike Ship Off Oman Coast
The vessel had 28 crew members on board, of whom 20 were Indian nationals.
-
Kelp DAO Completes Recovery of Restaked Ether Token Following Major Hack
Ethereum liquid staking protocol Kelp DAO has completed the restoration of its rsETH token after suffering a $293 million exploit linked to North Korea’s Lazarus Group. The recovery effort involved multiple DeFi protocols under the “DeFi United” initiative to rebuild rsETH backing and restore cross-chain operations.
-
Arunachal's Traditional Blade 'Dao' Gets Geographical Indication Tag
The Arunachal Pradesh 'dao', a traditional handcrafted blade by several tribal communities, has received the Geographical Indication (GI) tag, marking a major milestone in the preservation of the state's indigenous craftsmanship.
-
SocialFi Is the New Buzzword in Web3 World, Here’s What We Know About It
The concept of SocialFi is to bridge the gap that exists between existing social networking platforms and Web3. It gives users more control over their content, more freedom of speech, and also lets them monetise their content.
-
ApeCoin DAO Debuts its NFT Marketplace; Sizzles Up Competition for OpenSea, MagicEden
ApeCoin DAO has announced the launch of its own NFT marketplace. For sellers, the platform has decided to offer a 0.5 percent fee on Ether transactions and 0.25 percent on ApeCoin transactions. It will also retain 0.25 percent from each sale.
-
Why I Am Bullish on Web3 for 2022
Web3 is the next phase of Internet as we know and use today. Supported largely by the blockchain technology, Web3 is capable of supporting advanced tech ecosystems such as the metaverse, cryptocurrencies, and Decentralised Finance (DeFi) industry. In recent times, several big companies and brands have begun working on expanding their Web3 teams and...
-
Career Options in Blockchain and Crypto: An Overview of How to Approach a Job Hunt in the Sector
Searches for careers in cryptocurrency and blockchain have spiked, and postings for careers in the field have jumped exponentially over the past two years too. But how does one find out the right crypto job based on aptitude and area of interest.
-
Bored Ape Yacht Club Creator Launches Governance Token Named ApeCoin: Here's All You Need to Know
Yuga Labs, the creator of the massively popular Bored Ape Yacht Club (BAYC) NFT collection, said it had launched a new governance token named ApeCoin that will be airdropped to BAYC holders later today.
-
Chainalysis Launches Crypto Wallet Sanction Screening Tools in View of Global Sanctions on Russia
Blockchain analytics firm Chainalysis has announced the launch of new tools for identifying crypto wallets that fall under sanctions. The tools are free-to-use for everyone and specially created keeping decentralised autonomous organisations (DAOs) and decentralised app (dApp) developers in mind, says the firm.
-
Bain Capital Ventures Unveils $560 Million Fund for Crypto, Blockchain Projects
Bain Capital Ventures, the venture arm of private equity firm Bain Capital, announced on Tuesday that it has launched a $560 million (roughly Rs. 4,289 crore) fund focused exclusively on cryptocurrency-related efforts.
-
Ukraine Has Garnered Over $35 Million in Crypto Donations Through Several Organisations, DAOs So Far
Ukraine issued a plea for crypto contributions on Twitter last week and as per a firm that tracks cryptocurrency transactions named Elliptic, the country's government and non-governmental organisations have received more than 35,000 donations so far.
-
All About DAOs: Decentralised Autonomous Organisations
A Decentralised Autonomous Organisations (DAO) can be explained as a mutual fund where instead of a central manager, the participants decide on the investment and other decisions. Aave, Compound, Decred, MakerDAO, and Uniswap are some examples of DAOs.
-
Crypto Startup BlockFi Stops Opening New High-Yield Bitcoin Accounts After Record $100 Million US SEC Settlement
Crypto startup BlockFi agreed to pay $100 million (roughly Rs. 755 crore) to settle allegations from the SEC and state regulators that it illegally offered a product violating securities law.
-
Infinity Ventures Crypto Raises $70-Million Fund to Empower Companies With Focus on Web3, DeFi
Taipei-based Infinity Ventures Crypto has raised $70 million (roughly Rs. 525 crore) to deploy startups that aim to accelerate the growth of DeFi, GameFi, and Web3 in Asia and the Americas in its first fund deal, which closed today.
