Tech

Solana Mobile, a subsidiary of Solana Labs, announced the launch of its Android smartphone, Saga on Thursday. The flagship phone, which debuted at a New York event, has unique functionalities based on the Solana blockchain. It allows users to carry out transactions in web3, including managing their tokens and NFTs.  Saga sets a new standard for the web3 experience on mobile,” Anatoly Yakovenko, Solana’s co-founder, said at the event. Yakovenko pointed out that Saga was created to meet the steady…

Cryptocurrency brokerage platform Voyager Digital recently reduced its daily withdrawal limit down to $10,000. That’s a 60% drop from its previous $25,000 limit, prior to its financial problems relating to Three Arrow Capital (3AC). Voyager published its new withdrawal limit on its site in an update on Wednesday. It states that users can withdraw $10,000 within a 24-hour period, with a maximum of 20 withdrawals. The news follows Voyager’s worrying reveal that it had over $700 million in exposure to…

New Jersey-based crypto lending platform BlockFi has signed a term sheet with FTX to secure a $250 million revolving credit facility. Zac Prince, BlockFi’s CEO, tweeted this news earlier today, saying the non-binding agreement will offer BlockFi access to additional capital. BlockFi also announced in a subsequent press release. [embed]https://twitter.com/BlockFiZac/status/1539216594383028224[/embed] According to Prince, the $250 million would go toward strengthening BlockFi’s balance sheet and platform. He added that BlockFi intends for the proceeds of the credit facility to be subordinate…

US-based internet media company Yahoo has launched a series of metaverse events in Hong Kong. The firm announced this news on Wednesday, noting that this move seeks to connect the region’s residents amid fresh COVID restrictions. Per the announcement, this event will see Yahoo hold virtual concerts and exhibitions on Decentraland. Decentraland is a popular metaverse platform that hosts the virtual worlds of several renowned companies. Examples include Samsung, Adidas, Atari, and PWC, to mention a few. Additionally, Decentraland hosted…

The US Federal Bureau of Investigation (FBI) has cautioned businesses against accidentally hiring IT employees from North Korea. In an advisory note, the state and treasury departments and the FBI warned that North Korean hackers are posing as freelancers. In doing so, they take advantage of remote work opportunities to earn money for Pyongyang. According to the FBI, the country’s hackers have been using this approach to evade US and UN sanctions. Reportedly, North Korea has used the funds from…

Major cryptocurrency exchange, FTX Exchange, has kick-started an initiative to provide support to financially disadvantaged individuals and households in Chicago.  The exchange revealed its supportive plans during its grand opening of a new headquarters in the populous city of Chicago. FTX Expansion to the US The Bahamas-based FTX Exchange recently founded a subsidiary in the United States, dubbed FTX.US. The initiative was officially announced at the inauguration of the exchange's headquarters in Fulton, Chicago. While it is commendable enough FTX…

The Germany-based security company Solidproof had added crypto marketing services to its product suite. It's offer includes numerous package deals for publishing marketing material in cryptocurrency-focused outlets, mainstream news sites, and social media. In a press release shared with CryptoAdventure, the company said it plans to offer all the services of traditional marketing agencies. For example, its solutions include press releases, Ask-Me-Anything’s (AMA’s), and social media posts. It will also feature content on multiple top cryptocurrency websites, including CoinTelegraph, Bitcoin.com,…

In the latest hours of May 8th, DeFi lending protocol Fortress Network got hit with a manipulation attack that drained most of its funds. According to the protocol's release, the stolen assets included 1,048.1 in Ethereum and 400,000 in stablecoin DAI.   Although the theft surfaced this month, there are strong suggestions the process began much earlier. In fact, 19 days before the announcement went public. Fortress Network confirmed the attack in a tweet soon after it happened. A cry for…

Gucci is looking to woo affluent crypto investors after announcing plans to start accepting digital currencies for payment. A report revealed this bullish news yesterday, noting that the fashion house intends to start accepting crypto this month. However, the crypto payment option will be available in select US stores. According to the report, Gucci will initially roll out crypto payments in five stores in the US. These are Wooster Street in New York, Rodeo Drive in Los Angeles, Miami Design…