Crypto news

The UwU Lend protocol, previously targeted in a nearly $20 million hack on June 10, is facing an ongoing cryptocurrency exploit that has so far resulted in the theft of $3.7 million. This development comes as the protocol has been making efforts to reimburse its users following the $19.3 million June 10 hack. $3.7 Million Hack Cyvers, an on-chain data analytics platform, was the first to alert UwU Lend about the ongoing exploit. According to its findings, the bad actors...

UwU Lend, a crypto lending protocol, was exploited twice within three days as the attacker walked away with about $23.7 million. The first attack came on June 10, with the attacker walking away with $20 million in crypto from the platform. Today’s attack resulted in an additional loss of around $3.7 million. The second exploit was an extension of the first as they still had funds left on the protocol, which they withdrew less than three days after the first incident. Essentially, the...

President Joe Biden’s reelection campaign is reportedly considering accepting crypto donations via Coinbase. On June 12, The Block reported that Biden’s team was attempting to engage crypto-focused voters in response to rival candidate Donald Trump’s endorsing of the industry and acceptance of crypto donations. According to the report, the Biden team is in discussion with Coinbase Commerce, a payment service enabling merchants to accept crypto which has already facilitated...

US presidential candidate and former US president Donald Trump is using crypto as a focal point of his current campaign – a twist from his previous term in which he called Bitcoin a scam. Now, he looks to make the US the center of crypto innovation and be the ‘crypto president’. In his latest move, he urged to make the US the most robust Bitcoin mining jurisdiction. His post on Truth Social read, “We want all the remaining Bitcoin to be MADE IN THE USA!!! It will help us be ENERGY...

Bitcoin’s price surged to $70,000 briefly this week but faltered soon after failing to sustain the momentum and took a sharp turn. At the time of writing, the world’s largest cryptocurrency is trading at just over $67,000. Still, with exchange supply dropping to December 2021 lows, data suggest that a bullish reversal could be in the offing. Bitcoin Scarcity on Exchanges According to Santiment’s tweet, bitcoin’s supply on exchanges has reached its lowest since December 2021....

As a shock to many, Senator Elizabeth Warren has pleaded with the Chairman of the Federal Reserve to reduce interest rates. This request could trigger massive growth in the crypto market, especially for Optimism (OP), Tron (TRX) and DTX Exchange (DTX), which is a Stage 2 presale star. In fact, market analysts hint that this altcoin may soar by 50x in 2024. Optimism (OP): Stage 1 Arrives Optimism (OP) has been making a big splash lately. This project implemented Fault Proofs and completed...

MicroStrategy will raise $500 million through a private stock sale to increase its bitcoin holdings. The company already holds over 1% of all bitcoins in supply, amounting to around 214,400. The stock sale will allow MicroStrategy to add more as it makes bitcoin a core component of its treasury reserve. In a press release informing investors about the sale, MicroStrategy stated, “MicroStrategy intends to use the net proceeds from the sale of the notes to acquire additional bitcoin and for...

Business intelligence firm and long-time Bitcoin holder MicroStrategy announced plans to offer $500 million aggregate principal amount of convertible senior notes due 2032. Interestingly, the proceeds of this initiative will be used to buy more Bitcoin and for other corporate purposes. According to its official announcement, the NASDAQ-listed company also intends to grant initial buyers of the notes an option to purchase up to an additional $75 million in principal amount of...

TL;DR Ripple plans to introduce a stablecoin on the XRP Ledger and Ethereum later this year, aiming to bridge traditional finance and the cryptocurrency sector. The United States Securities and Exchange Commission (SEC) has labeled the product an “unregistered crypto asset,” continuing its longstanding legal battle with the company. Here’s the Latest Info Ripple made the headlines earlier this year when it disclosed that it would launch a stablecoin pegged to the American...

[PRESS RELEASE – Dubai, UAE, June 13th, 2024] BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, and Binance Labs, the venture capital and incubation arm of Binance, today announced the launch of BNB Incubation Alliance (BIA). With the ethos of “building together to fast-track your Web3 journey,” the BNB Incubation Alliance is an alliance aimed at fostering early-stage blockchain projects through a series of...