Hackers are reaping the rewards after exploiting a Ronin (RON) bridge for $10 million in Ethereum (ETH). According to the gaming-focused blockchain’s X account, white hat hackers have returned $10,000,000 in USDC to the network and will receive $500,000 in compensation for their efforts. “The ETH (~$10 M) has been returned and we expect that …
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San Francisco-based payments company Ripple has rolled out a new webpage for its upcoming dollar-pegged stablecoin. The firm says on the new page that Ripple USD (RLUSD) will be issued on the XRP Ledger and the Ethereum (ETH) blockchain. Ripple notes the stablecoin will be fully backed by cash and cash equivalents and redeemable on …
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The Cryptocurrency sector is booming, but with great investments comes great responsibility – the responsibility to keep your assets safe. This guide by InternationalReserve experts goes into the two main types of crypto storage: hot wallets and cold wallets. It will cover the pros and cons of each storage option, so you can make informed …
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Binance CEO Richard Teng revealed that the exchange saw record inflows and one of its highest trading volumes this year as investors panicked in the jittery market on Aug.5 Teng wrote: “Amid the macroeconomic climate and yesterday’s market downturn, Binance recorded a net inflow of $1.2 billion in the past 24 hours, according to DefiLlama’s …
Bitcoin investment firm Metaplanet is set to raise ¥10.08 billion (approximately $70 million) by offering its 11th series of stock acquisition rights to all common shareholders. In an Aug. 6 statement, the Japanese company outlined plans to allocate ¥8.5 billion (around $58.76 million) of this raised funds to purchase additional Bitcoin. The firm said it …
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Ronin Network co-founder Aleksander Larsen announced that the Ethereum sidechain has been temporarily paused to investigate a potential Maximal Extractable Value (MEV) exploit. On Aug. 6, blockchain security firm Cyvers reported that an MEV bot siphoned 4,000 ETH, valued at $9.85 million, from the network. Despite this incident, the network’s native RON token remains unaffected, …
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Quick Take On Aug. 5, global markets experienced wild volatility, prompting a detailed assessment of trading volumes to gauge the impact. A key measure was futures open interest, representing the total USD value allocated in open futures contracts. During this period, Bitcoin (BTC) prices plummeted from approximately $58,000 to $49,000. To accurately measure this, open …
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Bitwise Chief Investment Officer Matthew Hougan said the current market conditions are a prime buying opportunity for investors interested in Bitcoin, according to an Aug. 5 investor note. Hougan pointed out that Bitcoin had historically ended the year higher following global economic stress and drew parallels to the 2020 COVID-19 crisis when BTC, like other …
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Quick Take Semler Scientific reported Q2 earnings on Aug. 5, which saw revenues of $14.5 million for the second quarter, reflecting a 22% decrease from $18.6 million in the same period last year. Semler Scientific achieved an income from operations of $5.4 million, down 25% from the previous year’s $7.2 million. Total operating expenses decreased …
OpenAI experienced a significant shake-up as two co-founders, John Schulman and Greg Brockman, announced their departures a day after Elon Musk filed a new lawsuit against the company. On Aug. 5, Musk filed a legal action accusing OpenAI CEO Sam Altman and Brockman of misleading him into co-founding the organization and straying from its original …
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Indian crypto exchange Wazirx has updated users about the recent cyberattack, confirming the filing of a First Information Report (FIR) to address the hack. Cofounder Nischal Shetty emphasized that a police complaint was made the day after the attack. The FIR, filed nearly 20 days later, is part of an ongoing investigation by the Delhi …
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Global crypto exchange Binance has received a goods and services tax (GST) bill of Rs 722 crore ($87 million) in India for non-compliance with the country’s tax regulations. This is the first instance of a cryptocurrency firm facing such scrutiny in India. A source claimed that Binance earned over Rs 4,000 crore from transaction fees …
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Meme coins have made a dramatic comeback in the past 24 hours. After a brutal downturn, these tokens are on the rise again, led by Brett, Pepe, and the upcoming Base Dawgz. Brett Bounces Back from Key Support Level Brett (BRETT) has experienced a remarkable turnaround. This Base chain token has bounced back to $0.095, …
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On Monday, unlike their ethereum counterparts, spot bitcoin exchange-traded funds (ETFs) witnessed outflows totaling $168.44 million. The primary contributors to this decline were three funds, with Grayscale’s GBTC taking the lead in outflows. 3 Leading Bitcoin ETFs Experience Major Outflows Grayscale’s Bitcoin Trust (GBTC) experienced a significant outflow of $69.12 million, bringing its total net …
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On Monday, U.S. spot ethereum exchange-traded funds (ETFs) recorded their second-highest inflows since their inception. Approximately $48.73 million was added, yet the nine funds collectively remain in the red, with a deficit of $461.98 million, primarily due to significant outflows from Grayscale’s Ethereum Trust. Blackrock Leads $48.73M Inflows for U.S. ETH ETFs as Crypto Market …
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