Former Security Engineer Sentenced to Three Years for Hacking Two Decentralized Exchanges
14.4.2024
A former security engineer, who stole digital assets valued at more than $12 million from two decentralized exchanges, has received a three-year prison sentence. In what has been characterized as the “first-ever” conviction for a smart contract hack, the U.S. Judge also ordered...
Uniswap Labs Implements Fee Increase to 0.25% on Mainnet and Layer 2 Swaps
14.4.2024
Uniswap Labs, the creator of the Uniswap protocol, has increased the fees charged to users for trading on its interface.
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Chinese Fraud Victims Seek Government Aid in Recovering 61,000 BTC Seized by UK Law Enforcement
14.4.2024
A group of Chinese victims of a $6 billion fraud scheme have requested assistance from their country’s foreign ministry in recovering 61,000 bitcoins, seized from a fraudster and her associate. The fraud victims have strongly opposed attempts to transfer the ownership of these bitcoins to the U.K....
US, UK, Germany Among Countries With Largest Government Crypto Holdings, Arkham’s Data Shows
14.4.2024
The United States, United Kingdom, and Germany rank among the top countries holding cryptocurrencies at the government level, according to data from Arkham Intelligence. The crypto analytic firm’s onchain analysis shows that the U.S. government holds 212,847 bitcoins while El Salvador...
Robert Kiyosaki Explains Why He Won’t Buy Bitcoin ETF
14.4.2024
Rich Dad Poor Dad author Robert Kiyosaki has explained why he won’t invest in a spot bitcoin exchange-traded fund (ETF). “Just as I own gold and silver coins and mines and own apartment houses, I do not own gold or silver ETFs,” he stressed. The famous author stated this week...
Bitcoin Falls 8%, Drops Below $62K Before Rebound
14.4.2024
Bitcoin and the broader cryptocurrency market fell nearly 10% on Saturday
Grayscale CEO Sees GBTC Reaching Equilibrium, Expects Outflows to Ease
13.4.2024
Crypto asset manager Grayscale Investments believes that GBTC “has started to reach a little bit of an equilibrium,” says CEO Michael Sonnenshein, noting that some anticipated outflows from the firm’s spot bitcoin exchange-traded fund (ETF) are “largely behind...
Massive Bitcoin Market Turbulence Triggers $4,500 Crash; $167M in BTC Longs Erased in 1 Hour
13.4.2024
The price of bitcoin continued to decline over the weekend, dropping an additional 7.7% in the last 24 hours. It plummeted to a daily low of $61,384 per coin, prompting a significant wave of leveraged liquidations on Saturday. Bitcoin Value Declines Amid Market Instability; Extensive Liquidations...
Uncertainty Over Fed Rate Cuts Intensifies With Sticky Inflation Metrics
13.4.2024
As each day unfolds, analysts, economists, Wall Street institutions, and Fed watchers have increasingly postponed their forecasts for when the U.S. Federal Reserve will reduce the benchmark interest rate. Current data suggest that a rate cut in June is unlikely, with odds standing at 50-50 for...
Arthur Hayes Introduces New ‘Risk Radar’ for Ethena’s USDE Stablecoin
13.4.2024
Following criticism of Ethena’s USDE stablecoin, which brought back memories of the Terra blockchain’s Anchor protocol failure, Ethena backer Arthur Hayes introduced a risk tracker by intotheblock.com that monitors aspects like the token’s adherence to its U.S. dollar peg....
Beauty and Fashion Brands Use Web3 Technology To Better Engage With Consumers
13.4.2024
Before the emergence of Web3, brands primarily relied on Web2 channels, such as social media, to connect with consumers. In fact, recent statistics show that 77 percent of businesses use social media to reach customers. Consumer engagement strategies are evolving, however. With the maturation...
VeChain Teams Up with UFC to Tokenize Fighter Gloves, Community Reacts
13.4.2024
Blockchain platform VeChain has announced its partnership with the Ultimate Fighting Championship (UFC) to tokenize fighter gloves and track their identities using the VeChainThor network.
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