Tag Archives: Blockchain News

As per blockchain intelligence firm Chainalysis, Euler Finance transferred a total of 100 ETH to an address having links to North Korea. Another major hack rocked the decentralized finance (DeFi) market last week in March. The attack on DeFi protocol Euler Finance drained a massive $197 million making it the biggest DeFi hack in 2023 so far. While tracking the details of the movement of hacked funds, it turns out that the hack could be linked to North Korea. Among the series of transfers...

The ATM maker shuttered its cloud services to limit further compromise of sensitive user information. Bitcoin ATM maker General Bytes has reportedly lost BTC worth about $1.5 million to a crypto hack. The company reported a security incident between March 17 and 18 that allowed unauthorized access to compromising user information. According to the press release, the attacker gained remote access to the entire database, API keys, hot wallets, user names and passwords. Consequently, the...

Firms are actively searching for new banking partners as the regulatory climate in the US has now turned sour. Top American crypto exchange Coinbase is presently weighing its options regarding the creation of a new crypto trading platform. According to a Bloomberg report, the platform will be located outside the United States, and Coinbase has already begun talking about the move with institutional clients. Per the report, the exchange is also yet to decide on the particular location to...

Participation in the Public sale is through the Collective Finance DApp and by navigating to the Presale Tab. Decentralized Finance (DeFi) protocol Collective Finance has announced plans to launch the public sale of its native token $CLF built on the Binance Smart Chain (BSC) network. As contained in a Press Release shared with Coinspeaker, the public token sale can be accessed with a 10% discount, setting a generally lowered barrier for more encompassing community participation. The...

Leading crypto Bitcoin climbed to $27K Friday, extending its 2023 bullish run amid intensified talks of a $100K price level.  Bitcoin (BTC) has extended its recent bullish momentum, recently hitting $27K for the first time since June last year. On Friday, the dominant digital currency climbed to $27,028, marking a 6.5% increase in 24 hours. This latest 6.5% price spike also saw BTC’s market cap swell within the same period to $549,070,761,254. However, Bitcoin has sustained marginal...

Despite the clarity of the SBA’s stance, there are still many questions to answer on the legal front. In a recently published white paper, the Swiss Bankers Association (SBA) proposed the issuance of a joint deposit token on a public blockchain. The SBA noted a consensus that stablecoins be issued by registered institutions and cited a push to regulate stablecoins by the FSB, OECD, and BCBS. This will enable supervision and optimal investor protection. Again, it stated the widespread...

Students who finish the course will be given several options for continuing the Bitcoin journey, including the variant to start a full-time job at a renowned Bitcoin firm. El Salvador has come up with a new crypto initiative for its citizens. The Bitcoin Officer has announced a new six-month educational program called “CUBO+” that strives to churn out elite-level Bitcoin and Lightning developers via the Salvadoran university system. According to the announcement, the dev Bitcoin courses...

Marathon Digital has also revealed the nature of its exposure to the now-defunct crypto-focused Silvergate Bank. Embattled Bitcoin (BTC) mining firm, Marathon Digital Holdings Inc (NASDAQ: MARA) has released its performance report for the fourth quarter (Q4) of 2022 in which it unveiled a poorer-than-expected revenue. According to the firm, its revenue came in at $28.4 million, down by 58% from its year-ago record. Marathon Digital operates in a very strained market as the global economy,...

Defendant Ben Armstrong denied the allegations and stated that he had never been in contact with anyone at FTX. A group of social media influencers has been named in a new lawsuit alleging they promoted collapsed crypto exchange FTX to their millions of followers without proper disclosure. According to the suit, filed on Wednesday, the influencers failed to disclose the nature of any, rewards, payments, or compensation realized from promoting the crypto exchange. The influencers named in...

When the financial woes of FTX also lead to the exchange’s bankruptcy, the deal could not proceed, pitching Binance.US as the next major favorite to bail out the company. Judge Michael Wiles, the presiding Judge over the Binance.US and Voyager Digital acquisition case with the United States Securities and Exchange Commission (SEC) has reaffirmed his order for the deal to proceed. The Judge canceled the petition from the SEC to halt the proposed sale of the bankrupt crypto brokerage...