Stars Arena, Socialfi app on Avalanche drained of $3 million after an exploit

A day ago, Avalanche’s newcomer, a socialfi platform named StarsArena (ref link) experienced a significant loss of almost all its locked funds due to a security breach that targeted a smart contract responsible for token security within the social application. The breach resulted in the drainage of approximately $3 million worth of AVAX tokens from…

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USDT (Tether) to launch on Aptos Blockchain

Tether Operations Limited (Tether), the leading company in the digital assets industry, has announced plans to soon launch U.S. dollar-pegged Tether tokens (“USD₮”) on the Aptos Network. This move aligns with Tether’s broader mission to increase global access to digital currency, leveraging Aptos’ cutting-edge blockchain technology known for its exceptional speed and scalability. Aptos is…

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Why is Bitcoin better than Conventional Currency / Cash / Fiat Money?

Bitcoin, often referred to as the pioneer of cryptocurrencies, is a digital or virtual currency that was created in 2009 by an anonymous individual or group using the pseudonym Satoshi Nakamoto. Unlike traditional fiat currencies issued and regulated by governments, Bitcoin operates on a decentralized network called the blockchain. It is known for its revolutionary…

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