Blockchain | Crypto

Global crypto giant Blockchain.com has announced a bold push into Africa, starting with Nigeria’s first major international crypto office. The post Blockchain.com Launches African Push in Nigeria, Ghana—Is Africa Crypto’s Next Frontier? appeared first on Cryptonews.

The Cetus hack saw $223 million in user funds stolen, most of which has been frozen by Sui network validators and ecosystem partners. Blockchain security firm Dedaub released a post-mortem report on the Cetus decentralized exchange hack, identifying the root cause of the attack as an exploit of the liquidity parameters used by the Cetus automated market maker (AMM), which went undetected by a code "overflow" check. According to the report, the hackers exploited a flaw in the most significant bits (MSB) check, allowing them to manipulate the values for the liquidity parameters by orders of magnitude and establish relatively large positions with a keystroke. The Dedaub security researchers wrote: The incident and the post-mortem update reflect the unfortunate trend of cybersecurity exploits and hacks impacting crypto and the Web3 industry.   Read more

SEC Chair Paul Atkins signaled a shift from enforcement-first policy to clear rulemaking during the Commission's roundtable on May 12. Blockchain technology could enable “a broad swath of novel use cases for securities” and foster “new kinds of market activities that many of the Commission’s legacy rules and regulations do not contemplate today,” Securities and Exchange Commission (SEC) Chairman Paul Atkins said. During his keynote address at the Commission’s May 12 roundtable on tokenization and digital assets, Atkins welcomed “a new day at the SEC,” adding that “policymaking will no longer result from ad hoc enforcement actions. Instead, the Commission will utilize its existing rulemaking, interpretive, and exemptive authorities to set fit-for-purpose standards for market participants.” A key priority will be to “develop a rational regulatory framework for crypto asset markets that establishes clear rules of the road for the issuance, custody, and trading of crypto assets while continuing to discourage bad ...

Blockchain gamification has offered a measurable path to on-chain growth as Base, Quai, peaq and Eclipse integrate point systems, NFTs and micro-rewards. Data show repeat spins, six-figure user inflows and billions of interactions, while teams refine user experience to sustain momentum. The post Blockchain gamification drives 230K‑user growth as DePIN market hits $18.9B appeared first on Cryptonews.