Karikari Daniel
I am an avid crypto and blockchain content writer with over 3-years of experience. I am open to writing your PR, blog, news articles, and other crypto-related content anytime.
Articles by Karikari Daniel
1 year ago
1 min read
Astar Network, a smart contract platform for multichain, announced the launch of its Cross-Virtual Machine (XVM) on the public testnet Shibuya. Astar Network claims that the XVM allows for interoperability between different smart contract environments such as the Ethereum Virtual Machine (EVM) and WebAssembly (WASM). This allows for seamless communication between smart contracts, regardless of the language they are written in or the environment they are in. This is the first major product launch as part of Astar Network’s 2023 roadmap, and it is expected to open up new possibilities for cross-chain projects and experimentation with the XVM developer toolkit.
1 year ago
1 min read
US federal prosecutors have reportedly issued subpoenas to several hedge funds as part of an ongoing investigation into potential money laundering violations by Binance Global Inc., according to the Washington Post. The US attorney’s office for the Western District of Washington in Seattle is seeking records of the subpoenaed firms’ communications with Binance, according to sources familiar with the matter. It is not yet clear if the subpoenas will lead to legal charges being brought against Binance. Furthermore, the US Justice Department is reportedly divided on whether to charge Binance and its executives as part of its anti-money laundering investigation
1 year ago
1 min read
A security researcher known as pwning.eth discovered and reported a software vulnerability that could have been exploited to steal up to $200 million from three Ethereum-compatible parachains on the Polkadot network. The vulnerability was found in a program called Frontier that is used for “wrapping” native tokens on the Moonbeam, Astar Network, and Acala parachains. Wrapping is the process of converting native crypto assets into tokens that can be more easily supported by apps, and is done through the use of a smart contract. The vulnerability could have been used to mint unlimited wrapped tokens, but was fixed by the
1 year ago
1 min read
Evmos, a blockchain in the Cosmos ecosystem with native support for Ethereum applications and tokens, has introduced automated conversions for token swaps between the Cosmos and Ethereum ecosystems in its latest version 10.0 upgrade. The upgrade allows users to send native Cosmos tokens to Evmos, which will automatically be converted to Ethereum-compatible tokens for use on Evmos or other Ethereum-compatible blockchains. Similarly, users can transfer Ethereum-based tokens to other Cosmos blockchains from Evmos in a single transaction. The automated conversions will only apply to token pairings that have been associated through Evmos’ governance system and will not apply to tokens
1 year ago
1 min read
A report from the Wall Street Journal suggests that financial crypto firm Alameda Research, owned by Sam Bankman-Fried, experienced problems years before the collapse of the FTX exchange. Alameda allegedly made significant profits through arbitrage in Japan, but saw these profits decline as the price gap closed in 2018. The firm’s trading algorithm also reportedly made incorrect predictions on price moves, leading to losses. Alameda also reportedly lost two-thirds of its assets, worth a total of $30 million, in the spring of 2018. However, the company saw profits of $1 billion in 2021 as crypto prices reached all-time highs. In
1 year ago
1 min read
Former top lawyer for collapsed cryptocurrency exchange FTX, Daniel Friedberg, shared information with US prosecutors about the alleged abuse of customer funds by FTX founder Sam Bankman-Fried. Friedberg joined a meeting on 22 November with officials from the Federal Bureau of Investigation, the Department of Justice and the Securities and Exchange Commission at the US Attorney’s office in the Southern District of New York, according to a source close to the matter and confirmed by scheduling emails. Friedberg explained the workings of FTX’s sister trading firm, Alameda Research, to the officials. Bankman-Fried has been charged with fraud and is accused
1 year ago
1 min read
NFT influencer CryptoNovo announced on January 4 that he had fallen victim to a cyberattack, resulting in the loss of two CryptoPunks and other NFTs including Meebits, CloneX, Mutant Ape Yacht Club, and Bored Ape Yacht Club. The two CryptoPunks were quickly sold by the attacker, one for 70 Ether (worth $88,434 at the time of publication) and the other for 199 ETH (worth $251,404), resulting in losses of over $300,000 for CryptoNovo. CryptoPunk #3706, which is associated with the influencer, was also transferred to a different address and sold for 75 ETH (worth $94,751), although it is not clear
1 year ago
1 min read
Decentralized finance (DeFi) platform SideKick Finance has launched JumpStart, a decentralized non-fungible token (NFT) crowdfunding platform. JumpStart is deployed across multiple Ethereum Virtual Machine networks and aims to provide a scalable and interoperable crowdfunding platform for use cases including gaming, music, art and charity. The platform uses NFTs and smart contracts to allow creators to crowdfund projects securely, transparently and decentralized, while also offering contributors the ability to verify and trace each step of the process. Contributors can also receive rare NFTs as rewards and be part of the creator’s community, while creators can collect royalties. JumpStart is intended to
1 year ago
1 min read
Sam Bankman-Fried, the founder of the now-bankrupt crypto exchange FTX, has pleaded not guilty to criminal charges of wire fraud and conspiracy. The charges stem from allegations that Bankman-Fried used customer funds from FTX to cover loans taken out by Alameda Research, an affiliated crypto hedge fund, and to make investments in other companies and donate to political campaigns. Bankman-Fried has maintained his innocence and says he was unaware that customer funds were being used improperly. Two senior executives from Bankman-Fried’s businesses, Gary Wang and Caroline Ellison, have pleaded guilty to multiple criminal charges and are cooperating with prosecutors. Bankman-Fried,
1 year ago
1 min read
One of the largest pharmacy chains in Ukraine, ANC Pharmacy, has teamed up with Binance Ukraine to allow customers to make cryptocurrency payments at their stores through the contactless Binance Pay service. The payment feature will initially be available at ANC pharmacies in Kyiv and at stores including Kopiyka and Shara. In order to pay with cryptocurrency at ANC pharmacies, customers must first download the Binance app and then visit the ANC.ua website, where they can select a product to order online and pay with the Binance Pay service. The payment can then be picked up at a preferred pharmacy.
1 year ago
1 min read
Binance has concluded its investigation into the purchase of Gopax, a South Korean cryptocurrency exchange, and is now back in the country. The acquisition, first revealed in December 2021, experienced some setbacks due to final negotiations. Changpeng Zhao, the CEO of Binance, has expressed his interest in returning to the South Korean market, a major hub for cryptocurrency economies. Binance is currently in the process of obtaining a majority share of Gopax, which is owned by CEO Lee Jun-haeng. The South Korean government has put into place strict guidelines on international virtual asset providers with the intention of preventing money
1 year ago
1 min read
The cryptocurrency industry faced significant difficulties in 2022, with various companies experiencing financial difficulties and even bankruptcy. In addition, over $3 billion was reportedly stolen from crypto projects this year, according to Forbes. These setbacks have caused turmoil in the industry and raised concerns about its stability. The report indicates that more than 125 hacks occurred, with the top five (all involving decentralized finance (DeFi) protocols) accounting for $1.48 billion of the total amount stolen. These top five biggest crypto heists range from cross-chain hacks, code exploits, and flash loan attacks. DeFi hacks represent about 49% of the total amount
