A hacker has made off with approximately $11 million in Wrapped ETH, Wrapped BTC, Chainlink, USDC, Gnosis, and Wrapped XDAI after using a “re-entrancy” attack on DeFi lending protocol applications Agave and Hundred Finance. The attack comes within 24 hours of news breaking of the Deus Finance exploit, where hackers stole over $3 million in …
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The community behind decentralized stablecoin platform MakerDAO is mulling over a major tokenomics shift that could replace its governance token, MKR. A proposal was made on the MakerDAO forum by community leader “monet-supply” on March 14, outlining an alternative token economic mechanism. If the proposal passes a full governance vote, the protocol could replace its …
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Limewire announced on March 14th that it has chosen the Algorand blockchain to power its revival as an NFT marketplace. Limewire said it chose Algorand because it has been carbon-negative since 2021, while its scalability and security make it a great fit for digital collectibles like NFTs. The company also said the partnership will allow …
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Last week, the world witnessed a successful utilization of crypto adoption in winning the presidential elections. It seems like Bryan Solstin has been watching and now is ready to give it a try himself. What is Bryan (Bitcoin) Solstin’s take on crypto? Bryan Solstins’ Website Banner (via solstin.org) Bryan Solstin is a pro-Bitcoin Washington State …
The U.S. Securities and Exchange Commission (SEC) claimed that XRP was unregistered security and filed a lawsuit against Ripple and both its executives on December 220, 2020. The case has been going on ever since, while the community held its breath watching its progress. A critical decision was made on the case last week. While …
Austin, the state capital of Texas, is actively exploring ways to accept Bitcoin and blockchain technology. Last week, Austin City Council Member Mackenzie Kelly put forward a resolution to examine how the city could utilize the technology. The resolution was introduced alongside Austin Mayor Steve Adler during a press conference in which Council Member Kelly …
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Are we in for a crash like the one hitting the crypto market two years ago? There’s certainly no shortage of storm clouds on the horizon. The uncertainty associated with the many macro- and geopolitical risks has weakened shorter-term on-chain accumulation trends since January, according to on-chain analysts Glassnode. To read the rest of this …
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The world applied heavy sanctions against Russia in response to its invasion of Ukraine, and the Russian economy had taken a hit. However, the world leaders seem to think it is not enough. G7 ganging up On the 11th of March, the United States, European Union, and other Group of Seven (G7) allies jointly decided …
Authorities in China recently announced the arrest of ten suspects they say are behind an online pyramid platform that is thought to have stolen millions of dollars from unsuspecting users. The suspects are accused of using the promise of high returns and a regular income to lure more victims. A ‘Unicorn in the Field of …
press release PRESS RELEASE. BTC Proxy, the Bitcoin Liquidity Protocol on Polygon, has entered into a strategic partnership with Blockchain.com, one of the world’s largest crypto platforms and an early pioneer of key Bitcoin infrastructure. As part of the partnership, Blockchain.com will add BTC Liquidity into the Proxy ecosystem by Minting BTCpx. Moving Bitcoin to …
Leading cryptocurrency exchange Binance is showing its intention of expanding its activities to Brazil. The company announced that it has signed a memorandum of understanding with a regulated securities brokerage firm in Brazil, with the intention of acquiring it. The company, called Sim;paul Investimentos, offers different investment options to its customers, including various funds and …
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India’s income tax department has reportedly identified about 700 cryptocurrency investors who have failed to pay taxes on high-value crypto transactions. “We have a long list of people who were transacting in crypto assets but were not paying tax,” said an official with the country’s Central Board of Direct Taxation. Indian Tax Authority Going After …
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Peter Schiff is one of the most vocal bitcoin detractors known to investors. The economist has never been one to hide his disdain for the digital asset and continues to bash it at every chance he gets. This time around, Schiff who has always touted the superiority of other investment forms such as stocks above …
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According to a post on the MakerDAO Forum, the financial service protocol could replace its governance token MKR with a new token called stkMKR. The proposal was introduced to address the criticism around MKR’s tokenomics. Related Reading | Will Ethereum Give In To Bears? New MKR tokenomics could supplement and improve on previous benefits and …
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The safety of the DeFi and especially the FTM ecosystem is shaking as “Tomb Fork” projects seem to be the perfect place for scams to thrive. Even after some investigation, what might look like a safer project can still turn out to be a fraud. Recently, PulseDAO got rugged. Allegedly, their own dev turned against …
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