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PARIS, France (AFP) – The biggest software upgrade in the short history of crypto has fulfilled its promise to wipe out more than 99 percent of the electricity used by the second-biggest cryptocurrency, experts have told AFP. That is no mean feat, given that the Ethereum blockchain was burning through about as much electricity as New Zealand. Sceptics had expected glitches with the upgrade, known as “the merge”, but it ended up being a “rather […]
WASHINGTON, United States (AFP) — North Korean-tied hackers were responsible for a $620-million cryptocurrency heist last month targeting players of the popular Axie Infinity game, US authorities said Thursday. The hack was one of the biggest to hit the crypto world, raising huge questions about security in an industry that only recently burst into the mainstream thanks to celebrity promotions and promises of untold wealth. Last month’s theft from the makers of Axie Infinity, […]
WASHINGTON, United States (AFP) — North Korean-tied hackers were responsible for a $620-million cryptocurrency heist last month targeting players of the popular Axie Infinity game, US authorities said Thursday. The hack was one of the biggest to hit the crypto world, raising huge questions about security in an industry that only recently burst into the mainstream thanks to celebrity promotions and promises of untold wealth. Last month’s theft from the makers of Axie Infinity, a […]
by Allison Jackson, with Alice Philipson in Hong Kong MANILA, Philippines (AFP) — Dominic Lumabi sits on the computer in his Manila bedroom pitting his puffer fish-like cartoon NFT characters against others. But this is not just a game — he is earning cryptocurrency to support his family during the pandemic. The source of his income is Axie Infinity, a blockchain-based play-to-earn game that exploded in popularity in developing nations such as the Philippines as […]
WASHINGTON, United States (AFP) — North Korean hackers stole around $400 million worth of cryptocurrency through cyberattacks on digital currency outlets last year, blockchain data platform Chainalysis said on Thursday. Pyongyang is under multiple international sanctions over its atomic bomb and ballistic missile developments but analysts say the North has also built up its cyber capabilities with an army of thousands of well-trained hackers who extract finances to fund the state’s weapons programs. In 2021, […]
(Eagle News) – An official of the Securities and Exchange Commission (SEC) advised the public to exercise due diligence when transacting with crypto or online platforms, including those involving play-to-earn platforms such as Axie Infinity. SEC Commissioner Kelvin Lee said Axie Infinity for instance did not register as a business entity here in the country with the SEC, nor did it register to conduct investment solicitation. “Base po sa verification ng records po namin […]
