BlockFi, a bankrupt cryptocurrency lender, is attempting to block FTX and Three Arrows Capital (3AC) from retrieving hundreds of millions of dollars to pay back their creditors. BlockFi claims that FTX misappropriated $5 billion of the loan it provided and that BlockFi’s creditors should not be pushed to the back of the line. FTX also […]
Balancer, a DeFi lending pioneer, recently received a vulnerability report that found over 100 of its V2 pools were at risk. The team quickly secured over 80% of the funds, but roughly $10 million remains at risk. To protect users, Balancer created an Emergency SubDAO that paused the pools and allowed users to only withdraw […]
Xiao Yi, a former Chinese government official, has been sentenced to life in prison for helping subsidize a secret, large-scale Bitcoin mining operation within the country’s borders, alongside unrelated acts of corruption. Yi pled guilty to the charges and has already returned the stolen funds and seen the seizure of both the bribes and his […]
Wall Street Memes (WSM) is a funny picture token inspired by Meme stocks. It has raised more than $26 million in its presale and is close to reaching its goal of $30 million. The token’s price increases slightly in the last stage, from $0.033 to $0.0337.FOOM is a cryptocurrency that is powered by AI and […]
The CyberConnect token $CYBER has seen an impressive performance in the past weeks, with a listing on Binance on August 15 and a subsequent 80% increase. Despite a subsequent price drop, the coin is still up by over 100% in the last seven days, and its 24-hour trading volume has increased by 200%.The prominent South […]
Cryptocurrencies have been promoted as a way to reduce financial risks in emerging economies, but a new report from the Bank for International Settlements (BIS) suggests that they may actually be amplifying them. The report, which was compiled by the BIS’s Consultative Group of Directors of Financial Stability, states that cryptocurrencies cannot solve the financial […]
Balancer Labs recently disclosed a vulnerability affecting several of its pools in a statement published on Aug. 22. The project reported that the vulnerability had not been exploited and that 80% of the issue had been mitigated. However, a small amount of funds, amounting to about 4% of its total value locked (TVL), remain at […]
VC Spectra (SPCT) is a decentralized investment platform that is gaining attention in the DeFi space. The platform is in presale and the token, SPCT, is a BRC-20 standard token used for exchange, decentralized trading, asset management, and transaction fees. Token holders can also expect quarterly dividends and voting rights. The public presale is progressing […]
Borroe ($ROE) is a decentralized fundraising marketplace that bridges the short-term liquidity gap in the web3 industry. It is powered by AI and provides web3 businesses with instant cash flow instead of waiting to realize their income. The platform is secure and has been audited and verified by BlockAudit. In its presale beta stage, Borroe […]
The US Securities and Exchange Commission (SEC) has taken a new approach to Ripple in its Aug 19 Motion to Certify Interlocutory Appeal. The SEC has changed its stance on XRP from claiming XRP is a digital asset to stating that the token is a “computer code with no inherent value”. This could fuel hopes […]
