Deribit, a cryptocurrency exchange, has been attacked, and an estimated $28 million from a hot wallet has been taken. Client funds have not been impacted, the business tweeted; however, withdrawals have temporarily been suspended while the exchange conducts security checks. "It's company procedure to keep 99% of our user funds in cold storage to limit the impact of these type of events. The hack is isolated & quarantined to our BTC, ETH and USDC hot wallets," Deribit wrote on Twitter. Accord

The software and computing behemoth Microsoft is attempting to metaverse-ify a portion of its software service stack. Ihsan Anabtawi, CMO of Microsoft UAE, declared that the company was working to make its cloud division compatible with metaverse experiences, and to allow companies to use the data obtained as resources for their specific applications. Microsoft’s Activities in the Metaverse Microsoft, one of the largest software companies in the world, stands as businesses that concentrate on

Japan has begun to apply the metaverse in therapeutic and educational activities. Toda, the city in Saitama, has implemented a metaverse-schooling program to motivate students, particularly those who live far from school, to attend classes. The program was developed by an NGO last year with the intention of allowing students to explore virtual worlds. With the program, students can wander around the campus and learn in virtual classrooms to get ready for returning to regular classes. At least,

Bank of America, a major provider of financial services, is now searching for a crypto policy specialist to assist the company with compliance. The Bank is seeking a crypto policy and insights manager to monitor regulatory hearings by federal and state authorities and offer crucial insights into their ramifications, according to a recent job offering on LinkedIn. The bank claims that the ideal applicant would have proven expertise in blockchain, fintech, and related technologies as well as per

The lack of stablecoin premiums in Asia and the activity on the futures markets, despite the 8.5% weekly gain in cryptocurrency prices, indicate buyers' lack of confidence. On October 26, cryptocurrency prices broke the $1 trillion in market capitalization that had been holding strong for the previous 41 days. The total value of 20,000 listed tokens climbed by 8.5% between October 24 and October 31, despite Bitcoin's modest 5.5% weekly increases. The Russell 2000 mid-capitalization stock mark

GameFi.org officially introduces the destination for digital asset trading & management to its platform users.

GameFi.org is glad to form a strategic partnership and integrate Firebird into its GameFi.org ecosystem to develop web3 games and metaverse.

In what appears to be a surprising coincidence, three financial services giants, PayPal, Visa, and Western Union, have filed new trademark applications involving crypto and Web3-related products and services in the past week. Western Union focusing on digital currency On October 18th, Western Union submitted three trademark applications citing intentions for managing electronic wallets, virtual currency exchange and transfer, trading and brokerage of cryptocurrencies, issuing value tokens, an

A meme coin is a word used in the cryptocurrency world to refer to well-liked currencies that have ardent online supporters and traders and are occasionally portrayed with humorous or animated "memes." Meme coins may be entertaining, but they are also extremely hazardous investments that may or may not have any real value. This group includes currencies like Shiba Inu, Dogecoin, and others that may be more entertaining than practical. Understanding the risks is essential while purchasing or tra

Following Huobi's announcement on Friday that it has delisted the asset, the once-popular HUSD stablecoin has dropped precipitously from its $1 peg and to a low of 28 cents. Users may still trade HUSD tokens for tether (USDT), the biggest stablecoin in the market based on market capitalization, according to Huobi. The value of other assets, often fiat currencies like the dollar, pound sterling, or euro, is mirrored by stablecoins. The collapse of terraUSD (UST), which led to the downfall of th