The latest Bitcoin, DeFi, NFTs and web3 news from CryptoSlate.
Investors lost over $100M after Invictus Capital moved funds into UST, Celsius against their wishes
Invictus Capital ousted its founder and allegedly moved investors' funds into UST and Celsius and refused to exit positions.
Hackers steals $400K in NFTs from Premint users via malicious link
Blockchain security company, CertiK confirmed that the hackers stole over 300 NFTs, which included NFTs from prominent projects like BAYC, Goblintown, and Otherside.
Moonsama partners with KILT protocol for SocialKYC integration
SocialKYC does not store, save or share users' personal information once logged in.
Bankruptcy lawyers believe Celsius customers may have to wait years for settlement
The lack of legal precedent, on-going lawsuits, and the complexities of a Chapter 11 bankruptcy mean Celsius users may face a long process to recover deposits.
Sweden averse to Bitcoin mining amid rapid rise in energy demand
Sweden is looking to redirect the energy being used by crypto miners to operations that would create more jobs in the country.
ETH, Lido rally following update on Ethereum’s Merge as markets turn green
Ethereum, Lido have been on a green run since it was revealed that the Merge could happen on September 19.
Polygon soars 70% following development updates, Disney accelerator
Developments at Polygon have triggered a bullish breakout. The latest rumors suggest the unveiling of new scaling technology at EthCC this week.
GameFi sector down, but not out | June Report
The GameFi sector is crashing, but not as hard as some people think.
$248M stablecoins flow out of Coinbase as community refutes exchange liquidity issues
Rumors of Coinbase having a liquidity crisis have been refuting by the community as outflows vary in a nervous crypto market.
Ethereum’s centralized dApps may overshadow the decentralization of proof-of-stake
The United States operates 47% of Ethereum nodes, with around 33% going through Amazon AWS. While the consensus layer may become more decentralized, the infrastructure still relies on a few large US companies.
Mixer usage sees all-time high thanks to nation-affiliated cybercriminals
Chainalysis' recent report revealed that crypto mixer platforms reached an all-time high of $51.8 million, with the majority of the volume coming from criminals with known nation-state affiliations and sanctioned entities.
Paraguay’s new bill may turn the country into mining heaven
The Senate of Paraguay sent a new bill for the approval of the President. If the bill passes, crypto miners could use affordable excess energy and be exempt from VAT.
Apex Game Studios Founder Tomonobu Itagaki introduces first AAA web3 game title, Warrior
Apex Game Studios, founded by well-known Japanese producer Tomonobu Itagaki, focuses on producing highly playable, high quality and immersive 3A Web3.0 games.
Start-ups turn to crypto-native messaging platforms
Prominent entrepreneurs say there is a need for web3 messaging platforms. A handful of startups are already working on a solution.
3AC liquidators are trying to secure Singapore assets of the hedge fund
The 3AC liquidators have hired Singapore-based counsel to persuade the city-state's High Court to recognize the BVI liquidation order.