North Korea’s Lazarus Group is believed to be behind the $100 million attack on Harmony Protocol’s Horizon bridge. Blockchain forensics company Elliptic said that there were several signs that suggested Lazarus executed the attack. North Korea is suspected to be behind several attacks on the DeFi market, catching the attention of authorities worldwide. North Korean …
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Summary: Three Arrows Capital allegedly exceeded the asset under management (AUM) threshold set by the Monetary Authority of Singapore. The MAS also noted that 3AC provided misleading information regarding the management of its fund and changes in company hierarchy. Singapore’s top regulator started looking into the matter in June 2021. The MAS is currently investigating …
With Bitcoin persisting to rebound crazy in the last few months, it is coherent that many are asking if retribution is anticipated. And despite his reservations about its long-term prospects, billionaire venture capitalist and entrepreneur, Adam Back admits that the current price action does look rather frothy. But he still stands by his previous $100k …
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The ongoing crypto bear market shows no signs of slowing down, with its impact now spreading across many NFTs. The Ape Kids Football Club NFT collection are among the impacted NFTs, plunging more than 92% as of June 30. John Terry, the former English Premier League (EPL) Chelsea defender, launched the Ape Kids Football Club …
Continue reading “Crypto Winter Freezes Terry’s “NFT Scheme,” Its Floor Prices Shrinks 92%”
The cryptocurrency market appears to be set for another decline after having a good week’s start. Coin prices are trading at substantially lower levels this morning compared to the beginning of the week. The market decline may cause investors to be cautious, but non-fungible tokens (NFTs) and associated utility tokens may benefit from it. In this …
Major Dutch stock exchange Euronext Amsterdam, a part of the pan-European marketplace Euronext, is debuting its first Bitcoin (BTC) exchange-traded fund (ETF). Jacobi Asset Management, a London-based digital asset management platform, is preparing to launch its Jacobi Bitcoin ETF on Euronext Amsterdam next month, the firm announced on Thursday. The spot Bitcoin ETF will start trading …
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U.S-based crypto exchange Coinbase users will now be able to stake their Solana token on the platform and earn rewards from doing so. Coinbase made this known in a June 29 blog post stating that it was expanding its staking services to include Solana. Staking services allow token holders to assign their tokens to a …
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On June 9th, London’s first decentralized crypto community coworking hub welcomed its first season of web3 entrepreneurs to its new flagship venue. The coworking group—which goes by the name ThursDAO—is on a mission to build a web3 community hub that can be used as a resource by the city’s many crypto community organizers. The first …
Jacobi Asset Management has announced it will launch a European spot bitcoin ETF this July. The exchange-traded fund will be named the Jacobi Bitcoin ETF and listed on Euronext Amerstdam. European institutional and professional investors will be able to invest in Bitcoin via the ETF for a 1.5% annual management fee under the ticket BCOIN. …
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On Tuesday, the Canada-based investment firm Cypherpunk Holdings Inc. announced that the company has sold all of its bitcoin and ethereum due to the “risk of further significant drawdowns.” The company has transitioned its treasury to cash after selling 214.72 bitcoin and 205.82 ethereum as Cypherpunk Holdings continues “to see systemic risks propagating” across the …
Taiwan’s central bank is yet to conclude work on its central bank digital currency (CBDC) and according to the bank’s governor, the institution may need two more years to finish its work, a report has said. Some of the bank’s next tasks include winning the public’s support, ensuring the system is stable, and building the …
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The second-richest crypto billionaire is warning that some digital asset companies are facing financial difficulties as the market downturn continues. Forbes reports that FTX co-founder and CEO Sam Bankman-Fried believes some lesser-known crypto exchanges are already bankrupt. “There are some third-tier exchanges that are already secretly insolvent.” According to the report, Bankman-Fried is of the …
More than 80,000 Bitcoin (BTC) investors have had their millionaire status revoked due to the crypto market downturn, but lower prices mean the number of whole coiners is growing. Back on Nov. 12, just days after Bitcoin hit a new all-time high of around $69,000, a total of 108,886 BTC addresses reported a balance greater than $1 …
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OpenSea, the world’s largest nonfungible tokens (NFT) marketplace, has issued a warning to customers after it was discovered that an employee of Customer.io, a platform for managing email newsletters and campaigns, leaked the list of OpenSea customers’ emails to an outside party. The breach has affected all of the users who have given their email …
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It’s been another day of watching the ripples of contagion spread through the crypto market. With Three Arrows Capital (3AC) being ordered into liquidation by a British court, details have also emerged on Thursday of BlockFi liquidating a $1 billion loan to 3AC, and the fallout from the insolvency was partly to blame for lending …
Continue reading “Contagion: Genesis faces huge losses, BlockFi’s $1B loan, Celsius’s risky model”
