A hacker successfully exploited a vulnerability in the code of various liquidity pools of Curve Finance, a prominent decentralized finance (DeFi) platform, resulting in the theft of $24 million worth of tokens. The breach originated from a bug in Vyper, a programming language for smart contracts written in Python, which had not been previously identified […]
Austrian Chancellor Karl Nehammer has recently proposed enshrining the right to use cash in the country’s constitution, a move that has sparked a heated debate. Nehammer believes that cash holds a deep-rooted significance for the citizens of Austria, representing tangible value, privacy, and sovereignty. This proposal has been met with both support and criticism, with […]
The Eurozone is facing a financial crisis due to the excessive money printing by the European Central Bank (ECB) and the national central banks of member states. This has led to a total of EUR 8.828 trillion being injected into circulation, and a market-to-market loss of 700 billion euros in the past year. Germany has […]
Western Union, a global money transfer powerhouse, has announced its venture into the cryptocurrency realm. CEO Hikmet Ersek revealed that the company is actively exploring the integration of Ripple’s blockchain technology and its native digital asset, XRP. Ripple has confirmed a longstanding collaboration with Western Union, stating that the company has been “engaged in testing […]
The Internal Revenue Services (IRS) recently proposed new rules for brokers to follow when selling and trading digital assets, in an effort to catch crypto users avoiding taxes. This has been met with criticism from prominent crypto commentators, who believe that the stringent rules will push the crypto industry away from the United States.Messari CEO […]
Ronaldinho, one of the greatest soccer players of all time, is being investigated by Brazilian authorities over allegations that he may have been involved in a cryptocurrency scam. The scheme, called “18kRonaldinho”, promised investors generous returns of 2% per day if they invested at least $30 in digital currencies. Ronaldinho was an ambassador for the […]
The cryptocurrency market appears to be recovering from its recent downtrend, according to JPMorgan’s latest research. Analysts for the American bank estimate that the liquidations of long positions are “largely behind us”, based on the open interest in Bitcoin futures contracts on the Chicago Mercantile Exchange (CME). Open interest serves as an indicator of market […]
The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have proposed new tax regulations for the digital assets industry. The proposed regulations would require payment platforms, wallet providers, trading firms, and real estate brokers to file tax information on certain sales or exchange transactions. According to the Treasury Department, the proposed rules, […]
Charles Hoskinson, the founder of Cardano, recently made a bold prediction at the Rare Evo conference that ADA, the native token of the Cardano blockchain, is poised to dethrone the current cryptocurrency giants, Bitcoin and Ethereum. This proclamation has sparked fervent discussions about the future of digital assets.Cardano is a project rooted in innovation and […]
Bitcoin is currently trading at $26,000, with on-chain activity at levels last seen before its run to 2021 all-time highs. According to CryptoQuant, the metric of Bitcoin units moving around the network is now at levels last seen in October 2020. This suggests that the impetus to buy or sell is reduced, and that the […]
