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Archives by Year:
Dorsey Plans DeFi on Bitcoin, Critics Point to Ethereum
Key Takeaways Jack Dorsey has announced that Square will set up a company to build an open platform for decentralized finance services, focusing on Bitcoin. Many have pointed out that Dorsey’s idea bears some similarities to the leading smart contract blockchain, Ethereum. Dorsey is known for his ardent interest in Bitcoin, but he’s not as […]
$5M in Ethereum Lost in THORChain Exploit
Key Takeaways THORChain has suffered an exploit on Chaosnet, resulting in losses of roughly $5 million for ETH liquidity providers. The THORChain team said that an attacker tricked the network’s Bifröst protocol to send ETH to their own address. The liquidity providers will be reimbursed from the project’s treasury. This news was brought to you […]
PayPal Increases Crypto Payment Limits to $100,000
PayPal has raised its cryptocurrency spending limits, allowing users to spend more cryptocurrency than they could before. Weekly Limit Is Now $100,000 Under PayPal’s new limits, U.S. customers can spend up to $100,000 of crypto per week with no annual purchase limit. “We are pleased to announce that we have recently raised the purchase limits […]
Cardano Expands Testnet Support for Smart Contracts
Key Takeaways Cardano has successfully carried out a hard fork and upgraded its testnet from Alonzo Blue to Alonzo White. This phase of the network will run for two to four weeks before the Cardano testnet moves to the next phase. Despite recent progress on smart contracts, the crypto community remains skeptical of the project’s […]
Crypto “Completely Failed” as Payments System: Fed Chair Powell
Key Takeaways Federal Reserve chairman Jerome Powell said that cryptocurrencies had “completely failed” as a payment system in testimony before the Senate Banking Committee. He also discussed stablecoin regulation and the possibility of a digital dollar. Powell claimed that a CBDC would negate the need for cryptocurrencies in testimony yesterday. This news was brought to […]
Fireblocks Integrates Ethereum “Commit Chain” Polygon
This news was brought to you by ANKR, our preferred DeFi Partner. Leading asset management and crypto custody platform Fireblocks has integrated Polygon in its cybersecurity and asset management tools. Fireblocks and Polygon Join Forces Fireblocks has brought its institutional-grade software to Polygon. Institutions building on the popular scaling solution Polygon will now have access […]
FCA to Spend $15M Warning of Crypto Risks
Key Takeaways The FCA is investing $15 million into warning young people about the risks of cryptocurrency investing. The financial regulator’s CEO said that young crypto holders are prone to behaving “less rationally and more emotionally.” The FCA has issued several warnings about cryptocurrencies in the past, recently targeting Binance. The U.K.’s financial regulator said […]
Binance Faces Yet More Regulatory Scrutiny from Italy
Key Takeaways Italian regulator Consob has warned Binance that it is not authorized to operate in the country. While the warning does not affect the exchange’s services in Italy, the situation could escalate. Despite regulatory pressure, Binance maintains its position as the world’s largest crypto exchange. This Exchange News was brought to you by OKCoin, […]
Hong Kong Busts Alleged $155M Crypto Laundering Scheme
Hong Kong authorities have arrested four men on suspicion of running a cryptocurrency money laundering scheme. The group is alleged to have illegally transferred $155 million using cryptocurrencies. Hong Kong Makes Arrests Alleging Crypto Laundering Hong Kong authorities have revealed the first money laundering case involving cryptocurrency in the region. Four men aged between 24 […]
Bondly Finance Exploited for Millions in Potential Rug Pull
Key Takeaways Bondly Finance, a well-known DeFi and NFT project, was exploited today by “an unknown party,” the team said. After the liquidity pools were exploited, the attacker minted 373 million BONDLY to sell on the open market, leading to an 82% price crash. While team claims to be investigating the incident, it is suspected […]
