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1 year ago
Massive Flash Loan Attack on BNB Chain Nets Perpetrator $1.575 Million Profit
The BNB Chain recently experienced a significant flash loan attack, resulting in a massive arbitrage profit of $1.575 million for the attacker. The attack took place on the Pancakeswap DEX network and only cost the…
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1 year agoBitVM Aims to Scale Bitcoin, Not Launch DeFi Applications, Says Developer
One of the developers behind BitVM, a Bitcoin-based virtual machine, has clarified that the technology is primarily focused on scaling Bitcoin rather than enabling decentralized finance applications like Ethereum.…
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1 year agoNFT Market Shows Signs of Life Amidst Decline
Headlines proclaiming the death of NFTs have become common in the blockchain industry, but the reality is more nuanced. While it’s true that many NFTs are worthless, this is not surprising given the history of o…
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1 year agoReal Estate-Backed Stablecoin Plummets After Depegging from USD
A stablecoin called Real USD (USDR), which is built on the Polygon (MATIC) layer-2 scaling solution and backed by real estate assets, has experienced a significant loss in value after detaching from the US dollar.…
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1 year agoHouse Oversight Committee Threatens SEC Chair with Subpoena Over Lack of Cooperation
James Comer, chair of the United States House of Representatives Oversight and Accountability Committee, has threatened Securities and Exchange Commission (SEC) chair Gary Gensler with a subpoena. Comer expressed…
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1 year agoArk Invest Updates Bitcoin ETF Prospectus in Response to SEC Concerns
Ark Invest, led by Cathie Wood, has filed an updated version of its spot Bitcoin ETF prospectus in response to feedback from the U.S. Securities and Exchange Commission (SEC). The SEC had requested clarifications…
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1 year agoTrader Joe's Files Lawsuit Against Decentralized Exchange Trader Joe Over Trademark Infringement
United States supermarket chain Trader Joe’s has filed a complaint against decentralized exchange Trader Joe, accusing it of federal trademark infringement and dilution. The lawsuit claims that Trader Joe and its c…
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1 year agoRipple's XRP Gains Unique Non-Security Status in the US Following Court Ruling
Ripple’s recent legal victory against the US Securities and Exchange Commission (SEC) has had significant implications for its cryptocurrency, XRP. The ruling by Judge Analisa Torres classified XRP as a n…
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1 year agoBinance CEO's Tweet Blamed for FTX's Collapse in Former CEO's Testimony
According to former Alameda Research CEO Caroline Ellison, a tweet from Binance CEO Changpeng Zhao (CZ) played a role in the collapse of cryptocurrency exchange FTX. In the tweet, CZ announced that Binance would be…
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1 year agoFormer Engineer Reveals $190 Million Losses Due to Poor Security Practices at Alameda Research and FTX
Amidst ongoing legal proceedings, new testimonies have emerged against Sam Bankman-Fried (SBF) and his operations. A former engineer at Alameda Research, the sister hedge fund of FTX, has come forward with…
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1 year agoStars Arena Recovers Almost All Stolen Assets After Security Breach
Avalanche-based social app Stars Arena has successfully recovered the majority of its lost assets following a recent security breach. The hacker responsible for the breach agreed to return the stolen $2.9 million…
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1 year agoCoins.ph Partners with Circle to Enhance Remittance Services for Filipino Users
Philippine-based cryptocurrency exchange Coins.ph has partnered with fintech firm Circle to enhance remittance services for its 18 million Filipino users. The collaboration aims to leverage stablecoin-denominated…
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1 year agoCrypto Influencer Challenges Billionaire Calvin Ayre to $100 Million Bet on Craig Wright's Identity as Satoshi Nakamoto
Kara Szabo, a crypto influencer, has challenged Canadian billionaire Calvin Ayre to a $100 million bet if he can prove that Craig Wright is the creator of Bitcoin, Satoshi Nakamoto. Ayre responded by stating that…
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1 year agoMastercard Completes Successful CBDC Trial on Ethereum Blockchain
Mastercard has successfully completed a trial of a central bank digital currency (CBDC) in collaboration with the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC). The…
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1 year agoStellar Development Foundation Partners with Certora to Enhance Security of Soroban Smart Contracts Platform
The Stellar Development Foundation has partnered with Certora to enhance the security of its smart contracts platform, Soroban. Certora’s formal verification tools will not only check the code but also offer c…
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1 year agoGenesis Global Holdco to Pay $175 Million Settlement to FTX in Bankruptcy Case
Alameda Research, a company affiliated with FTX, is set to receive $175 million from Genesis Global Holdco as part of a settlement agreement approved by the United States Bankruptcy Court for the Southern District…
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1 year agoFormer CEO of Crypto Lending Firm Voyager Digital Faces CFTC Lawsuit for Alleged Fraud and Registration Failures
The United States Commodity Futures Trading Commission (CFTC) has taken legal action against Stephen Ehrlich, the former CEO of crypto lending firm Voyager Digital. The CFTC has filed a complaint in the U.S.…
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1 year agoRussian Hackers Linked to Multimillion FTX Hack, Elliptic Report Reveals
Blockchain intelligence company Elliptic has linked the $400 million hack of cryptocurrency exchange FTX to Russian hackers. According to Elliptic’s report, the attacker used an unsophisticated method of l…
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1 year agoFormer FTX CEO Accused of Directing Fraud by Ex-Alameda Research Chief
Former Alameda Research CEO Caroline Ellison has accused former FTX CEO Sam Bankman-Fried of instructing her to commit fraud. According to court transcripts from Bankman-Fried’s trial, Ellison claims that A…
