The DeFi ecosystem has been dealt a significant blow following a security exploit that impacted both the Curve Finance and the BNB Smart Chain (BSC) platforms. Curve Finance, a prominent decentralized stablecoin exchange reported a staggering loss of $41 million
Despite the ongoing ambiguity within the U.S. legislative landscape concerning cryptos, Senators Cynthia Lummis and Kirsten Gillibrand’s proposed bill addressing the matter has been met with resistance from influential figures within the crypto space. Mr. Huber, a voice within the
Abu Dhabi, often hailed as the financial hub of the United Arab Emirates (UAE), has once again demonstrated its forward-thinking attitude toward fintech. It’s been officially confirmed that the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority has granted
Prime Minister Fumio Kishida reaffirmed Japan’s commitment to embracing the transformative power of Web3 during the prestigious WebX Web3 conference. In a remarkable shift from its aggressive stance on Bitcoin regulation, Japan is now positioning itself at the forefront of
OpenAI CEO Sam Altman announced the official launch of his biometrics project, Worldcoin. The project also includes an eponymous cryptocurrency called Worldcoin Token (WLD), which was immediately listed on leading exchanges Binance and Huobi on July 24. Worldcoin promises people
Joseph Poon and Thaddeus Dryja first proposed Bitcoin Lightning Network for fast bitcoin transactions in 2016, and the layer-2 network went live in 2018. Binance is now integrating the Lightning Network into its operation, boosting the speed of transactions on
SEC has begun its extensive investigation into companies dealing in digital assets by filing a lawsuit to freeze the assets of Binance.US and suing Coinbase in the process. The two recent enforcement actions show the seriousness of the SEC in
BAYC outperformed several NFTs during the first seven days of July after seeing renewed interest in sales after a difficult period in June where the average sale value fell to new lows. BAYC, the Bored Ape Yacht Club was among
Amidst concerns of a potential multimillion-dollar exploit, the Multichain MPC bridge platform has experienced abnormally large outflows, triggering alarm among observers and blockchain security experts. On July 6, a series of substantial withdrawals from the Multichain bridges caught the attention
The Australian Securities and Investments Commission (ASIC), the regulatory authority responsible for overseeing financial markets in Australia, has reportedly conducted searches at the offices of Binance Australia. This development comes as ASIC expands its investigation into the exchange’s derivatives operations,
The U.S. Securities and Exchange Commission (SEC) is challenging Binance, one of the world’s largest cryptocurrency exchanges, in a landmark court hearing. But Binance continues to fight back. The SEC’s allegations of asset commingling and illegal operations by Binance.US and
Metaverse token DBC is one of the best-performing digital currencies in the first five months of the year. And its bullish cycle has been sustained by the release of a progress report with an emphasis on many areas including artificial
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