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Terra Blockchain Relaunched Following $5.2 Million Hack

Terra Blockchain Relaunched Following $5.2 Million Hack

On July 31, a hacker attacked the Terra (Phoenix-1) network, stealing digital assets totaling approximately $5.2 million. ?Attention Terra users: Please be advised that the chain will be halted shortly at block height 11430400 and transactions will not be processed during this time. We will be working with the validators on Terra (phoenix-1) to apply […]

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Ethereum ICO Participant Moves 2000 ETH for the First Time

Ethereum ICO Participant Moves 2000 ETH for the First Time

On July 30, an Ethereum ICO participant moved 2000 ETH (~$6.6 million) for the first time in nine years, distributing them across two new addresses. The transactions were highlighted by Lookonchain. An #Ethereum ICO participant woke up after 9 years of dormancy and transferred 1,111 $ETH($3.7M) to a new wallet. He received 2,000 $ETH($6.67M) at […]

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Women Outearn Men in Cryptocurrency Industry, Survey Reveals

Women Outearn Men in Cryptocurrency Industry, Survey Reveals

Women working in the cryptocurrency industry earn more than their male counterparts, according to a study by Pantera Capital. The survey was conducted in June and July among 502 cisgender residents of the United States. Based on median base salaries, for every dollar earned by men, women receive $1.15. In non-cryptocurrency companies, this figure for […]

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Goldman Sachs CEO Considers Bitcoin as a Potential 'Store of Value'

Goldman Sachs CEO Considers Bitcoin as a Potential ‘Store of Value’

David Solomon, CEO of Goldman Sachs, described blockchain technology as “extremely interesting,” highlighting its potential to address issues within the financial system. He made these remarks in an interview with CNBC. However, the executive noted that he views cryptocurrencies as a “speculative investment” and does not see “real use” for them. When asked about the […]

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OpenAI Unveils Alpha Version of Advanced Voice Assistant

OpenAI Unveils Alpha Version of Advanced Voice Assistant

OpenAI has launched an alpha version of the advanced voice mode GPT-4o for a select group of ChatGPT Plus users. The feature will be available to all subscribers in the autumn. We’re starting to roll out advanced Voice Mode to a small group of ChatGPT Plus users. Advanced Voice Mode offers more natural, real-time conversations, […]

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Lava Network Launches Mainnet and Initiates Token Airdrop

Lava Network Launches Mainnet and Initiates Token Airdrop

Blockchain startup Lava Network has commenced the phased launch of its mainnet and the airdrop of 55 million LAVA tokens to 70,000 users. Introducing Lava Public Mainnet. This is a radical new approach to launching a blockchain in the modular era. — Market-derived FDV— Focused airdrop to 70k users— Dex-first on Uniswap v3, Arbitrum (LIVE […]

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Mt.Gox Transfers $2.25 Billion in Bitcoin

Mt.Gox Transfers $2.25 Billion in Bitcoin

The bankrupt cryptocurrency exchange Mt.Gox has transferred another 33,964 BTC ($2.25 billion) to an unknown address and conducted an internal transfer of 47,229 BTC ($3.13 billion), according to data from Arkham. Analysts have been unable to determine the owner of the wallet, beginning with “bc1q26”, to which the funds were sent. The latest transaction follows […]

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Senator Cynthia Lummis Proposes Bill for US Bitcoin Reserves

Senator Cynthia Lummis Proposes Bill for US Bitcoin Reserves

A forthcoming bill from Senator Cynthia Lummis aims to enable the United States to establish a reserve of the leading cryptocurrency, Bitcoin. This was reported by The Block, citing a draft document. According to the preliminary version, the initiative is titled the “Act to Stimulate Innovation, Technology, and Competitiveness through Streamlined Investments Nationwide 2024,” or […]

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August Highlights: ForkLog's Anniversary and the EU AI Act

August Highlights: ForkLog’s Anniversary and the EU AI Act

On the last day of July, ForkLog magazine has curated its traditional calendar of significant events for the upcoming month. August 1 — The EU Artificial Intelligence Act comes into effect. August 6 — Hearing on the settlement of the dispute between FTX and the CFTC. August 14 — Release of the Consumer Price Index […]

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SEC Accuses BitClout Founder of Fraud

SEC Accuses BitClout Founder of Fraud

The United States Securities and Exchange Commission (SEC) has charged the founder of the DeSoc project BitClout, Nader Al-Naji, with fraud.

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Hamster Kombat Developers Allocate 60% of Tokens to Players

Hamster Kombat Developers Allocate 60% of Tokens to Players

Sixty percent of the total issuance of Hamster Kombat tokens is earmarked for players, according to the project’s white paper, reports The Block.

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Crypto Industry Losses to Hackers and Scammers Surpass $1 Billion in 2024

Crypto Industry Losses to Hackers and Scammers Surpass $1 Billion in 2024

Since the beginning of 2024, cryptocurrency companies have faced 149 incidents of hacks and fraud, resulting in losses exceeding $1.19 billion. This is according to a report by Immunefi, as reported by The Block. In July, hackers obtained $269.4 million through 14 incidents, making it the second most damaging month after May. The majority of […]

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