Browsing:Crypto

The DeFi ecosystem faced a significant setback as bad actors targeted the Zunami Protocol
8 months ago 2 mins read

Zunami Protocol Hack: $2 Million Lost, UZD Stablecoin Crashes 99% in Value

The DeFi ecosystem faced a significant setback on August 13th as bad actors targeted the Zunami Protocol, resulting in an estimated loss of $2.1 million. This attack, driven by price manipulation within the protocol’s Curve pools, highlights the vulnerabilities that persist within the DeFi space. Zunami Protocol, a decentralized revenue aggregator enabling users to stake stablecoins for yield, fell prey to a targeted exploit. The attackers capitalized on vulnerabilities within the protocol’s Curve pools, adding another name to the growing list of platforms affected by recent attacks on Curve Finance. The attack was promptly identified by blockchain security firm PeckShield,

The deployment of the FlokiFi Locker on the opBNB testnet has garnered attention
8 months ago 1 min read

Is FLOKI Price Set for a Breakout? Strong Resistance Looms Ahead

The deployment of the FlokiFi Locker on the opBNB testnet has garnered attention, presenting new possibilities for enhanced efficiency and user experience. With the recent deployment of the FlokiFi Locker on the opBNB testnet, a promising horizon emerges for the FLOKI ecosystem. opBNB, an innovative high-performance layer-2 solution by BNBchain, offers cost-effective fees and improved throughput. Leveraging this powerful infrastructure opens doors to wider utility and accessibility for FLOKI’s products, reaching new audiences and igniting the flames of adoption. Beyond the testnet deployment, FLOKI has been proactively expanding its digital financial services. A strategic partnership with BitGo, a trailblazer in

Shibarium Mainnet Release
9 months ago 1 min read

Shiba Inu Team Teases Highly Anticipated Shibarium Mainnet Release

The Shiba Inu community is abuzz with anticipation as the team drops hints about the imminent launch of the Shibarium mainnet. All eyes are on the upcoming Blockchain Futurist Conference and ETH hackathon in Canada, where the grand debut is expected to take place. As the cryptocurrency market experiences a sideways movement following the U.S. SEC’s spot Bitcoin ETF delay announcement, the SHIB price has been bucking the trend with a noticeable upward trajectory. With the Blockchain Futurist Conference on the horizon, the Shiba Inu team has been subtly alluding to the unveiling of the Shibarium mainnet. The official SHIB

Shiba Inu (SHIB) has been riding a wave of bullish momentum for consecutive weeks
9 months ago 2 mins read

Shiba Inu’s Rise: Can It Overtake Tron and Secure a Spot in the Top 10?

Shiba Inu (SHIB) has been riding a wave of bullish momentum for consecutive weeks, reclaiming the #10 Altrank position. With a promising price trajectory, SHIB appears poised to breach the top 10 cryptocurrencies by market capitalization by overtaking Tron (TRX). Shiba Inu’s recent price trajectory has been nothing short of impressive, propelling it to secure the leading spot on Altrank charts. As SHIB’s price displayed nearly double-digit growth on the daily chart, Tron (TRX) remained relatively subdued. LunarCrush, a renowned social analytics platform, highlighted a significant surge in SHIB’s social performance. This increase in online engagement has coincided with a

Curve Finance has taken a step to reimburse users affected by a recent breach resulting in a substantial loss of $62 million.
9 months ago 1 min read

Curve Finance Pledges to Reimburse Users After $62 Million Breach

Curve Finance has taken a proactive step by announcing its commitment to reimburse users affected by a recent breach that resulted in a substantial loss of $62 million. Curve Finance has officially declared its intention to reimburse users who suffered losses due to the breach. An impressive 79% of the pilfered funds have already been successfully recovered, indicating substantial progress in the platform’s recovery efforts. The primary focus now lies on the equitable assessment of proportional portions for each affected user, highlighting Curve Finance’s dedication to ensuring fairness throughout the process. The breach, which occurred on July 30, involved malicious

SBF Bail Revoked by US Court, Incarceration Looms Before Fraud Tria
9 months ago 1 min read

SBF Bail Rejected, Marking Path to Jail Before Fraud Trial

A recent development in the case of Sam Bankman-Fried (SBF), the founder of the now-bankrupt FTX exchange, has taken the crypto community by surprise. U.S. Federal Judge Lewis Kaplan has made a significant decision to revoke SBF’s bail, leading to his immediate custody. As SBF awaits his impending criminal trial scheduled for October 2, the decision to revoke his bail raises questions and sparks discussions within the cryptocurrency ecosystem. During a recent hearing, Judge Kaplan opted to revoke SBF’s bail, a decision that caught the attention of both crypto enthusiasts and legal experts. As this news emerged, SBF’s legal team

Binance is making a significant move towards regulatory compliance by applying for registration under Taiwan's Money Laundering Control Act.
9 months ago 2 mins read

Binance Initiates Registration Process in Taiwan for AML Compliance, Insider Reports Say

Binance is making a significant move towards regulatory compliance by applying for registration under Taiwan’s Money Laundering Control Act. This development marks a pivotal step in aligning with local anti-money laundering (AML) regulations, as Taiwan remains one of the few countries to have introduced crypto-related regulations. Sources reveal that Binance is actively seeking registration for anti-money laundering compliance within the framework of Taiwan’s financial regulations. The Financial Supervisory Commission (FSC) conveyed this information during a closed-door meeting attended by numerous domestic crypto service providers. This move underscores Binance’s commitment to fostering a secure and compliant crypto ecosystem. Since the introduction

XRP Price on Gemini Spikes to $50 Temporarily, Igniting Relisting Speculation
9 months ago 2 mins read

XRP Temporarily Soars to $50 on Gemini Amid Speculation of Relisting Anomaly

Crypto enthusiasts and traders were taken on a rollercoaster ride of price fluctuations as Ripple’s XRP token made a triumphant return to the Gemini crypto exchange. Within hours of its relisting, users reported witnessing unusual price behavior, sparking both intrigue and speculation within the crypto community. Shortly after Gemini’s announcement of relisting XRP for deposits and trading, astute users flocked to the platform to catch a glimpse of the token’s performance. What they encountered, however, was more than they bargained for. Screenshots flooded social media platforms, capturing moments when XRP‘s displayed price on Gemini at times surpassing the $1 mark

SHIB has achieved a remarkable 30% gain over the past month
9 months ago 1 min read

Shiba Inu (SHIB) Surges 30% Over a Month

Shiba Inu (SHIB) has captured the imagination of the meme coin community with an impressive and relentless surge since the beginning of July. Notably, SHIB has achieved a remarkable 30% gain over the past month, outperforming even the world’s largest meme cryptocurrency, Dogecoin (DOGE), which saw a 16% rise during the same period. While a combination of factors has likely contributed to Shiba Inu’s surge, the spotlight is on the growing developer activity within its blockchain network, which has had a notably positive influence on its performance. According to Kaiko, a leading digital asset data provider, SHIB has experienced a

Ripple's XRP Removed from SEC's Securities Register
9 months ago 2 mins read

SEC Removes XRP from Securities List: What It Means

XRP, the native digital asset of Ripple, has been officially removed from the latest list of SEC securities on CoinGecko. The news was met with enthusiasm by the cryptocurrency community, particularly by prominent pro-XRP lawyer John Deaton. This development marks a notable milestone in Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC), shedding light on the evolving landscape of crypto regulations. Expressing his excitement, John Deaton took to Twitter, humorously emphasizing the change in XRP’s status: “Today: Not on the list: XRP.” He compared this moment to three years ago, when the SEC claimed that Ripple had

Trade BNT/USDT with up to 20x Leverage on Binance Futures
9 months ago 1 min read

Binance Futures Launches BNT/USDT Trading Pair with Leverage of up to 20x

Binance Futures, a prominent player in the cryptocurrency derivatives space, has unveiled an exciting development for traders and investors. The exchange has announced the launch of a new perpetual contract designed for the native token of Bancor Network, BNT. This latest addition to Binance’s trading offerings is set to provide enhanced opportunities for users to engage with the cryptocurrency market. The BNTUSDT perpetual contract is scheduled to debut on August 10, 2023, at 15:00 (UTC). This contract will empower traders with the ability to leverage their positions by up to 20 times, amplifying their potential gains in the market. Bancor

Federal Reserve's Plan for Supervising Cryptocurrencies Uncovered
9 months ago 1 min read

The US FED Introduces Crypto Regulatory Program

The US Federal Reserve has announced its plans to establish a comprehensive supervisory program aimed at overseeing financial institutions involved in various cryptocurrency-related activities. This development comes as the cryptocurrency landscape continues to evolve and regulatory authorities seek to strike a balance between promoting innovation and ensuring the stability of the financial system. The newly unveiled Federal Reserve supervisory program will specifically target financial institutions engaged in a range of crypto-related endeavors, including trading, custody, lending, and payments. Moreover, the program is set to encompass activities linked to blockchain technology and non-bank technology partnerships. One notable requirement outlined by the

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