Author Archives: Cryptoslate

W3E to host world’s first web3 esports tournament this November in Istanbul

Web3 gaming company W3E will be hosting the world’s first Web3 e-sports tournament on Nov. 17 as a part of  Istanbul Blockchain Week. The event will occur in Istanbul between November 14 and 17. The W3E global e-sports tournament will take place on the last day of the whole event. The ESA e-sports arena will be placed at[Read more…]

Ripple, SEC file summary judgment as crypto community watch keenly

The case between the U.S. SEC and Ripple Labs could finally end after both parties filed for summary judgment. According to motions filed before the U.S. District Court of the Southern District of New York, the two parties are asking the court to give a summary judgment based on the evidence and arguments already presented. Summary judgment motions are usually[Read more…]

Binance misallocates $20M Helium’s HNT tokens in mistake

Binance misallocated roughly $20 million of Helium’s HNT token to its users due to an accounting bug, Coindesk reported on Sept. 16. According to the report, Binance has since patched the bug after its discovery. The Helium ecosystem has two tokens, HNT and MOBILE, that it uses to reward its network users. HNT is the native token[Read more…]

Algorand throws hat in ring as Helium community begins vote on Solana migration

Algorand (ALGO) network believes it would be a better option for Helium (HNT) than Solana (SOL) even as voting commenced on the migration proposal. Two top executives of Algorand urged Helium developers to reconsider their stance on Solana because ALGO’s network offers a better option. Algorand’s chief technology officer John Woods tweeted that ALGO’s blockchain meets[Read more…]

Zipmex facing legal battle with Thailand SEC over non-compliance

Thailand’s SEC has accused Zipmex and its CEO Eklarp Yimwilai of non-compliance with a request to provide details of transactions and wallets used to hold customers’ assets prior to the withdrawal freeze. Zipmex had paused all withdrawal requests from its Z wallet on July 20. The SEC issued a letter on July 21, asking for clarifications on how assets held in the[Read more…]

Solana-based y00ts NFT collection launches; developers raise $7M in seed round

The highly anticipated Solana-based y00ts NFT collection is finally live, with 6,500 owners minting the collection within the first 24 hours, according to OpenSea data. The collection’s floor price rose to as high as 186 SOL ($6138) before retracing to 172 SOL ($4300) at press time. The y00ts NFT collection was meant to launch on Sept. 4, but[Read more…]

Charles Hoskinson calls Ethereum Classic ‘dead project with no purpose’

Cardano (ADA) founder Charles Hoskinson said Ethereum Classic (ETC) is a “dead project with no purpose or compelling argument to exist outside of spite.” Hoskinson gave this response to allegations that he wanted to exploit ETC miners. An Ethereum Classic supporter on Twitter had accused Hoskinson of trying to milk the network after he proposed a 20% miner[Read more…]

Helium down 55% in last 30 days as challenges run rife

Helium’s HNT token is in freefall as it has lost roughly 9% of its value in the last 24 hours –the highest over this timeframe– according to CryptoSlate data. On the seven days metrics, HNT is down by 37%, falling from a high of $6.20 to as low as $3.86. The picture is grimmer over the 30 days[Read more…]

DeFi protocol Kyber Network suffers frontend hack, loses $265K

Multi-chain DeFi protocol Kyber Network (KNC) revealed that it suffered an exploit on its frontend on Sept. 1, leading to a loss of $265,000 from two whale wallets. Hacker inserted malicious code into KyberSwap’s frontend According to Kyber Network, its team “identified a malicious code in our Google Tag Manager (GTM)which inserted a false approval, allowing a[Read more…]

Crypto investments products see inflows of $474M in July

Digital asset investment products recorded their best month in July after finishing the month with total inflows of $474 million, according to CoinShares Digital Asset Fund Flows Weekly Report. The report revealed that digital asset investment product inflows for the week starting July 25 were $81 million. It marked the fifth consecutive week of inflows and[Read more…]