Today in Crypto: Top Ten Crypto Ransomware Attacks Required $69M in BTC Payments, Chainalysis Let Go 5% of Workforce, TeraWulf Starts Public Offering of Common Stock

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Get the daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the tales flying individually distinct of today’s crypto news.

Security news

  • The very best 10 crypto ransomware attacks since 2020 have profited $69,316,140 in bitcoin (BTC), found a brand new report by bug bounty and security services platform Immunefi. Towards the top of their list is CNA Financial using the greatest crypto ransomware payment at $40 million, representing 57.7% from the top ten. Among many other findings, Immunefi noted that researchers detected 8 specific strains of ransomware attached to the top crypto ransomware payments, which the detected ransomware origins happen to be associated with Iran, Eastern Europe, and Russia

Career news

  • Major blockchain analysis company Chainalysis is lounging off about 44 of their 900 employees, 4.8% of their workforce, Forbes reported. It stated that Maddie Kennedy, director of communications, confirmed that Chainalysis announced a “reorganization” of under 5% from the workforce, stating that some employees may have new roles and reporting lines while some, mainly in sales, were release.

Investment news

  • Owner and operator of Bitcoin mining facilities TeraWulf announced that it’s commencing an underwritten public offering of their common stock. Per the pr release, TeraWulf also expects to allow towards the underwriter for that supplying a 30-day choice to purchase as much as yet another 15% of the amount of shares of common stock offered within the public offering. The organization promises to make use of the internet proceeds for general corporate purposes, it added. JonesTrading Institutional Services LLC is serving as the only book-running manager for that offering.
  • Layer 1 blockchain Aptos has awarded a $50,000 grant to Lorenzo Alvisi, Tisch College Professor of Information Technology within the Cornell Ann S. Bowers College of Computing and knowledge Science (Cornell Bowers CIS), to assist support Web3 innovation in greater education, stated an announcement. Furthermore, Aptos has onboarded Stanford College Professor of Information Technology, Dr. Dan Boneh, being an consultant.

Legal news

  • Law practice Glancy Prongay &amp Murray LLP announced it commenced an analysis with respect to Argo Blockchain investors “concerning their possible violations from the [US] federal securities laws and regulations,” stated the pr release.

Payments news

  • Crypto payment gateway provider Banxa today announced its integration with Metis, a company dedicated to creating a decentralized layer 2 infrastructure. Per a comment, Banxa’s fiat-to-crypto on-and-off ramp will enable Metis’ users list to profit from Banxa’s payment methods and banking options abilities. With the integration, Metis users are now able to communicate with the 49+ cryptocurrencies based on Banxa, including BTC, ETH, SOL, Us dot, and BNB.
  • Payment company Airswift Technology Limited and digital payments and banking technology platform provider Cloud Payments have partnered to provide spenders immediate access to crypto in the points of purchase using VISA and MasterCard payment methods. According towards the pr release, “the collaboration will simplify crypto-based purchases by supplying crypto on-ramping and NFT purchasing using VISA and MasterCard with enhanced forex rates.”

DeFi news

  • Solana-based decentralized finance (DeFi) lending protocol Everlend Finance has shut lower its application platform, deciding to not continue its development. Per the team’s tweet, at this time, “liquidity is simply not there which is so not only about Solana and also the B/L market (which Everlend is 100% dependent) keeps shrinking. During these conditions pressing forward is really a gamble. Although we’d enough runway, we made the decision to prevent now.”
  • nil Foundation, the developer from the zero-understanding Proof Market protocol, has revealed their zkLLVM, a means for projects to produce fully Ethereum-compatible zkRollups by compiling existing code using mainstream coding languages like C++ or Rust, stated a comment. “This new method of building circuits for more proof generation is quicker, cheaper, with no longer requires custom zero-understanding virtual machines to become built, or using new programming languages, thus rendering the ‘zkEVM race’ obsolete,” it stated.
  • Decentralized, blockchain-based ecosystem eCredits launched eVault, a brand new feature that allows eCredits users to earn rewards for committing their eCredits around the network for any year, stated the pr release. “eVault enables users to lock their eCredits (ECS) for twelve months and get a reward of two, three, or perhaps 6 % of the transferred assets, based on a regular membership membership, using a secure smart contract,” it claimed. 

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