Author Archives: Cryptoslate

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…]