Category Archive: Cryptocurrency, No picture
Curve Finance and Owner’s $100M Debt: Catastrophe or Slight Inconvenience?
Curve Finance founder Michael Egorov is facing a complex financial situation as he grapples with roughly $100 million in debt backed by 47% of the circulating supply of Curve DAO (CRV). This revelation comes just as the DeFi protocol is recovering from a $47 million hack. According to crypto research firm Delphi Digital, Egorov has […]
Wombat Exchange’s Ethereum Expansion: A New Burrow Begins August 4
Wombat Exchange, known for its multichain stableswap on BNB Chain, will officially expand to the Ethereum network on August 4, 2023. The expansion aims to leverage Ethereum’s extensive liquidity and capitalize on Wombat’s success on BNB Chain and Arbitrum. 🔥 Breaking News: The long-awaited @ethereum launch is set for August 4, 2023! We’re excited to […]
SEC Continues its Fight, Accuses HEX Founder of $1B Unregistered Securities Violation
The United States Securities and Exchange Commission has lodged a complaint against Richard Schueler, a well-known figure in the crypto community, accusing him of raising more than $1 billion through unregistered offerings of crypto asset securities. Schueler, also known as Richard Heart, is alleged to have violated federal securities laws by offering HEX, PulseChain (PLS), […]
ENS-Auctioned Ether Moved by Whale; Worth $74M
An Ethereum “whale” has reclaimed 39,712 ETH, equivalent to $119 million, from the Ethereum Name Service (ENS) auction. The funds, associated with the domain “darkmarket.eth,” were locked in the ENS auction and remained unclaimed for over two years and seven months. On-chain analytics firm Lookonchain announced that darkmarket.eth’s 63,734 ETH were transferred to a different […]
CEXs Saving DeFI? Chainlink Rescues Curve Finance Amid $100 Million Vyper Vulnerability
Curve Finance, a significant player in the decentralized finance (DeFi) protocol, was threatened with near-collapse due to a critical vulnerability in the Vyper programming language. This exploit risked nearly $100 million in digital assets, but a surprising reprieve came from a source normally associated with traditional finance — a centralized exchange price feed. The issue […]
Illegal Cryptocurrency Mining Operation Shut Down in Malaysia
A recent crackdown by authorities in Miri, Borneo, led to the seizure of 34 cryptocurrency mining servers that were found to be running off stolen electricity, according to a report from local Malaysian publication The Borneo Post: “All the equipment used for the mining operation, including the direct tapping cables and servers, were seized. A […]
DeFi Protocols Rocked by Latest Hacks Exploiting Vyper Language Vulnerabilities
Hackers have zeroed in on a vulnerability in the Vyper programming language — a well-known tool widely used for developing Web3 projects that target the Ethereum Virtual Machine (EVM) — on two significant DeFi protocols: BNB Smart Chain and Curve Finance. Vyper is known for its similarities to Python, making it a common starting point […]
Does the SEC Have a Favorite Spot Bitcoin ETF? Grayscale Questions SEC
Grayscale Investments is urging the U.S. SEC to prevent what it terms an “unfairly discriminatory and prejudicial first-mover advantage,” for potential Bitcoin ETF issuers: 1/ Yesterday @Grayscale sent a comment letter to $GBTC and other spot #bitcoin ETF files restating that the SEC is in a position to approve all spot bitcoin ETFs *now*, and […]
Is This The Beginning of Worldcoin Regulatory Scruntity?
OpenAI, the company behind the artificial intelligence chatbot, ChatGPT, has recently entered the cryptocurrency market with Worldcoin. This initiative, which uses iris scanning for user identification, is now being questioned by the French National Commission on Informatics and Liberty (CNIL), according to Reuters: “The legality of this collection seems questionable, as do the conditions for […]
Worldcoin Launch Causes Optimism To Surpass Arbitrum in Daily Transactions
A considerable shift has been observed in Ethereum’s Layer 2 scaling solutions landscape. As of July 27, Optimism recorded 944,668 daily transactions, surpassing Arbitrum, which logged 658,013 transactions. This surge in activity on Optimism is primarily attributed to the recent launch of Worldcoin. Optimism Daily Transactions: SourceArbitrum Daily Transactions: SourceWorldcoin, associated with Sam Altman, co-founder […]
