Creators of pNetwork Bridge steal $4.3M from PancakeSwap in a "White Hat" attack

Canadian Government to hold consultation on cryptocurrencies, Stablecoins and CBDCs

Do Kwon asked employee to manipulate the price of Luna Token, private communication reveals

China owns $6 billion worth of cryptos, can “kill” market if it is so wishes

The Chinese government is a "crypto whale," having forfeited digital currencies worth $6 billion to the government coffers in 2019, according to Ki Young Ju, the founder, and CEO of blockchain data analytics company Cyptoquant. Young Ju has said that Chinese officials seized 833,000 Ethereum 194,000 Bitcoin and other cryptocurrencies from the PlusToken fraud in 2019. In comparison, publicly listed companies like MicroStrategy, Galaxy Digital Holdings, Tesla, Coinbase Inc, and Block, Inc hold 130000, 40000, 10725, 9000, and 8027 Bitcoin, respectively.Full story here.

Elon Musk and cryptos can unlock innovative business models for Twitter: Binance CEO

Amid worldwide furor surrounding Tesla chief Elon Musk’s acquisition of Twitter, Binance CEO Changpeng Zhao said the microblogging website did not have a proper business model earlier and that Musk and cryptocurrencies can together unlock innovative business models, that do not involve selling users’ data. Zhao took to the social networking site to list six reasons for investing $500 million in Twitter. The Binance boss said he believed Twitter had tremendous untapped value and while Twitter has not had a proper business model yet, he believed that Elon and crypto can help unlock innovative business models that do not involve selling user data. Welcome to Web3.Read more here.

Nova Labs to provide free SIM card and trial to Solana phone users

Customers of Solana Labs' new Saga phones will receive SIM cards and free trials from Nova Labs, the organization behind Helium Network, and a new crypto-powered cellular service called Helium Mobile. Financial information about the arrangement was withheld by the corporations. Helium Network community members in September had opted to abandon their own blockchain and switch to the larger Solana blockchain. This partnership provides a 30-day complimentary subscription to Helium Mobile for Saga phones sold in the United States. The flagship Android handset from Solana, the Saga phone, is tightly integrated with the Solana blockchain. Full story here.

With drop in user activity in Q3, Coinbase transaction revenues fall 44%

Even though user activity decreased due to a general market slump in the third quarter, cryptocurrency exchange Coinbase managed to reduce its losses from the previous quarter by half. The company revealed that transaction revenue had decreased by 44%, from $655.2 million in the second quarter to $365.9 million, in its shareholder letter published on Nov. 3. The company attributed the decline to weak macroeconomic conditions, with daily average crypto market value plummeting 30% and trading volumes shifting outside of the United States as a result of unclear legal frameworks. Details here.

'Monkey Drainer' strikes again, steals $800K worth of CryptoPunks and Ethereum NFTs

In the midst of a wave of cryptocurrency scams that have led to losses worth millions of dollars worth of Ethereum NFTs from unwary users' wallets, an unidentified entity known as "Monkey Drainer" has claimed a brand-new cache of priceless CryptoPunks and Otherside NFTs. "On-chain sleuth, ZachXBT has revealed that Monkey Drainer had taken 520 ETH worth of NFTs from the two Yuga Labs collections, which equates to over $800,000. ZachXBT has a history of providing information on crypto frauds and controversial people.