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IndoDax, one of Indonesia's largest cryptocurrency exchanges, has been hacked, resulting in the theft of over $20.5 million in digital assets across multiple blockchain networks. Cyvers Identifies Hack Indonesian cryptocurrency exchange IndoDax has fallen victim to one of the most significant security attacks on the platform to date, resulting in the theft of over $20.5 million in digital assets. Cyvers was the first to identify the breach after detecting a series of unusual transactions on IndoDax’s platform.  Yosi Hammer from…

Boston, Mass, September 11th, 2024, Chainwire New Integration Expands Dune’s Coverage Across the Entire Polkadot Ecosystem, Delivering Unmatched Onchain Analytics Zurg, Switzerland, September 11th 2024 – Dune, the leading platform for onchain analytics, announces the integration of 50+ parachains from the Polkadot ecosystem. With this expansion, Dune solidifies its position as the most comprehensive data hub for Polkadot, offering unparalleled insights and analytics for developers, investors, and data enthusiasts alike. Earlier this year, Dune launched support for Polkadot, Kusama, and…

Boston, Massachusetts, September 11th, 2024, Chainwire Hyperbridge sets a new benchmark for secure, scalable, and verifiable cross-chain communication, launching with the highest economic security in the market. The Web3 Foundation, in partnership with Scytale Digital, has led the seed funding round for Hyperbridge, a groundbreaking protocol poised to transform blockchain interoperability. This investment marks a significant milestone as the Web3 Foundation's inaugural funding initiative, highlighting Hyperbridge's critical role in the rapidly expanding Web3 ecosystem. Hyperbridge is emerging as a leader…

Ethereum Name Service (ENS) has integrated with PayPal and Venmo, enabling users to transfer cryptocurrency using ENS names and simplifying the transaction process for over 270 million U.S. users. ENS For Venmo, PayPal Users Venmo and PayPal users will now be able to transfer cryptocurrency using Ethereum Name Service (ENS) names. On September 10, ENS Labs, the team behind the Ethereum-based domain protocol, announced a significant integration with PayPal and Venmo. This partnership will enable over 270 million U.S.-based users…

San Francisco, CA, US, September 11th, 2024, Chainwire Plume Network, the first modular EVM chain built to bring any real world asset (RWA) onchain, is proud to launch on Plume the Mineral Vault fund (“Mineral Vault”) of the Allegiance Oil & Gas family of companies, which holds over $1 billion in assets under management (AUM). This deployment simplifies the complexities of mineral interest management while also opening new investment opportunities for a broader range of participants. By leveraging Plume’s composable RWAfi…

Seoul, South Korea, September 11th, 2024, Chainwire The Crypto Night in Seoul Forest, hosted by TokenPost, and organized by LBank Labs, took place on September 5, 2024 at UNDERSTAND AVENUE in Seoul Forest. The event attracted approximately 1,400 participants eager to explore blockchain and Web3 innovations. As an official side event of Korea Blockchain Week (KBW) 2024, it built on the momentum of the main conference and further fueled excitement around blockchain technology. Attendees enjoyed performances by top DJs Dorothy,…

Generating social media buzz has been a long-term strategy to onboard a larger user base for crypto projects. However, in light of today's technological advancement, tons of bad players known as Fakefluencers now charge crypto projects and start-ups a fortune for promotion just to have bots engage with such posts. While humour and internet culture draw attention to numerous meme tokens, TaskBunny has risen as a meme project with the utility of taking social media engagement to the next level…

The debate over cryptocurrencies’ environmental impact has intensified as governments, corporations, and investors focus on Environmental, Social, and Governance (ESG) concerns. Bitcoin, the world’s most prominent cryptocurrency, is leading the criticism, known for its energy-intensive Proof-of-Work (PoW) consensus mechanism. While innovations are emerging across the crypto industry to address environmental concerns, Bitcoin’s contribution to global carbon emissions remains a major point of contention. Bitcoin’s Environmental Problem Bitcoin’s PoW mechanism relies on miners solving complex cryptographic problems, consuming vast amounts of…

How green is crypto, really? Activists accuse the industry of environmentally-hazardous side effects, but how true are these claims? What is the environmental impact of crypto? A new report from UCL, alongside an exclusive interview, addresses these questions and more. Mining Costs The alleged environmental costs of Bitcoin and cryptocurrency are an enduring thorn in the industry’s side. Prominent actors frequently debate controversial claims, but crypto enthusiasts are quick to dispute the harshest assertions. Studies from reputable scientific agencies have…