Ethereum Co-Founder Vitalik Buterin’s Address Sells Trillions of Airdropped Tokens, Causes Illiquid Coin Prices to Plummet

Ethereum Co-Founder Vitalik Buterin's Address Sells Trillions of Airdropped Tokens, Causes Illiquid Coin Prices to PlummetOn March 7, onchain observers noticed that Vitalik Buterin, the co-founder of Ethereum, had allegedly sold billions and trillions of airdropped ERC20 tokens, resulting in a gain of an estimated $700,000 in value. The market liquidity of the airdropped tokens was shallow, and the relatively unknown ERC20 tokens plummeted in value after Buterin reportedly sold […]

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Ethereum Gas Fees Spike as ETH Value Rises: Average Onchain Fees Jump by More Than 50%

While the second-largest crypto asset by market capitalization, ethereum, has risen 27% against the U.S. dollar in the last two weeks, the network’s average and median-sized gas fees have increased by more than 50%. On the first day of 2023, the average fee to spend ether was around $2.93 per transfer, but today the average […]

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Disgraced FTX Co-Founder Accused of Moving $684K in Crypto Assets While Under House Arrest

Disgraced FTX Co-Founder Accused of Moving $684K in Crypto Assets While Under House ArrestAccording to an analyst on Dec. 29, 2022, the disgraced co-founder of FTX, Sam Bankman-Fried (SBF), may have cashed out $684,000 in crypto assets while under house arrest. If the funds were spent by SBF, it goes against the court’s release conditions that note the former FTX executive is not allowed to spend more than […]

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‘FTX Accounts Drainer’ Now Holds Over 250,000 ETH, Address Is the 27th Largest Ethereum Wallet

'FTX Accounts Drainer' Now Holds Over 250,000 ETH, Address Is the 27th Largest Ethereum WalletThe exploiter responsible for siphoning millions of dollars in ERC20 tokens and ethereum from FTX has added more ether to the entity’s holdings. The wallet is now situated in the top 30 largest wallet positions in terms of ethereum holdings. The address dubbed the “FTX Accounts Drainer” now holds 250,735 ethereum on Saturday, Nov. 19, […]

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Wework Co-Founder Adam Neumann’s Crypto Project Secures $70M, Funding Round Led by A16z

Wework Co-Founder Adam Neumann's Crypto Project Secures $70M, Funding Round Led by A16zThe co-founder of the company Wework, Adam Neumann, is behind a new crypto project called Flowcarbon and on Tuesday, the blockchain project revealed it raised $70 million from a handful of investors and was led by Andreessen Horowitz (A16z). Flowcarbon’s chief executive Dana Gibber says the project’s efforts provide a “brilliant financial mechanism that creates […]

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Whale Watching: A Deep Dive Into the Portfolios of the World’s Largest Ethereum Whales

While there’s a number of bitcoin whales that often get caught by blockchain parsers and written about in media reports, ethereum whales get a lot less attention. According to statistics in 2022, there are a lot more ethereum whales than holders with large sums of bitcoin. In fact, while the top 100 richest bitcoin addresses […]

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Ethereum’s Vitalik Buterin Burns $6.6 Billion Worth of Shiba Inu Tokens

Ethereum's Vitalik Buterin Burns $6.6 Billion Worth of Shiba Inu TokensAfter the dogecoin hype invoked a new ERC20 token project called Shiba Inu, the crypto asset has been making waves throughout the crypto industry. On Wednesday, the cofounder of Ethereum, Vitalik Buterin donated $1 billion worth of Shiba Inu to India’s Crypto Covid Relief Fund. Then a few days later on Sunday, Buterin decided to […]

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An Ethereum VR Game Featuring Atari and Care Bears Sells Plots of Virtual Land for $76K

An Ethereum VR Game Featuring Atari and Care Bears Sells Plot of Virtual Land for $76KA great number of Non-fungible tokens (NFTs) have been selling on various marketplaces this year creating tens of thousands of dollars in NFT sales. One particular platform called The Sandbox has been selling virtual land parcels for thousands of dollars worth of ether. The Sandbox is a virtual world that lets players create and own […]

The post An Ethereum VR Game Featuring Atari and Care Bears Sells Plots of Virtual Land for $76K appeared first on Bitcoin News.

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Kucoin Hacker Leverages Uniswap to Dump Vast Number of ERC20 Tokens

Kucoin Hacker Leverages Uniswap to Dump Vast Number of ERC20 TokensSince the recent Kucoin hack, the crypto community has been waiting for the hacker to move funds. During the early morning hours (ET) on Sunday, a number of people noticed the Kucoin hacker started to move a large amount of ether and ERC20s to connect with the decentralized exchange (dex) Uniswap. The cryptocurrency exchange Kucoin […]

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Over $1 Billion Ethereum-Based Tokens Vulnerable to ‘Fake Deposit Exploit’

Over $1 Billion in Ethereum-Based Tokens Vulnerable to 'Fake Deposit Exploit'A number of university researchers published a study that demystifies the “fake deposit vulnerability” in Ethereum-based smart contracts. The findings show that over 7,000 tokens worth more than $1 billion built on top of Ethereum are vulnerable to two types of attacks that exploit smart contracts. Researchers from the University of Queensland, Beijing University of […]

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