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Rodeo Finance Exploited For $888,000 In Another DeFi Hack on Arbitrum Network
11.7.2023
Arbitrum Network-based Rodeo Finance lost 472 ether ($888,000) in a DeFi exploit today.
Blockchain security firm PeckShield revealed that the Rodeo Finance hacker transferred the stolen funds from Arbitrum to Ethereum.
Further analysis revealed that the attacker exchanged the stolen tokens...
Apple vs. Zapple Pay: Bitcoin Tipping on Damus App Challenges App Store Policies
11.7.2023
In June, Apple (AAPL) threatened to remove the Bitcoin-friendly social media app, Damus from its App Store, which led to the rise of Zapple Pay. The reason behind this threat is Damus' feature that allows users to tip each other with bitcoin (BTC) on the app, which Apple considers equivalent...
Crypto Sleuth Claims YouTuber 'Blue' Used NFT Drainer Tech to Carry Out $1.5 Million Scam
11.7.2023
Crypto sleuth ZachXBT has alleged YouTuber known as Blue or Jack used NFT drainer tech Monkey and other similar services to steal $1.5 million.
ZachXBT’s investigation revealed that the YouTuber was involved in multiple crypto scams and stole millions of dollars.
Before turning to crypto scams...
PancakeSwap & GoogleCloud join hands to revolutionize trading
11.7.2023
Google has entered the big picture of trading amid the rising trend of decentralized finance, DeFi. This is through GoogeCloud and a partnership with PancakeSwap. The Cloud service platform is granting access to its cutting-edge technology and scalable resources to PancakeSwap, enabling the venture...
South Korean Pop Star Says He Lost ‘$77,000’ on Crypto Investment
11.7.2023
Seo Chul-goo (aka Xitsuh), a South Korean pop star, rapper, and TV personality, says he “lost” up to $77,000 on bad crypto investments.
The star and his fiancee Lee Young-joo appeared on the E Channel TV talk show “Love of a Lifetime” (literal translation), where he discussed his precarious...
Brazilian Police to Auction Assets Seized from Suspected Crypto Fraudsters
11.7.2023
Police in Brazil have announced plans to auction off assets seized from Trust Investing, a suspected crypto-themed financial pyramid operator.
Per the media outlet Portal do Bitcoin, a Federal Court in Campo Grande granted the authorities the right to auction off “seven luxury cars,” including...
DeFi Platform Arcadia Finance Falls Victim to $455K Hack on Ethereum and Optimism
11.7.2023
Arcadia Finance has joined the growing list of DeFi protocols to lose funds in hack exploitation. The hackers leveraged a code vulnerability to siphon about $455,000 from the protocol’s Ethereum and Optimism vaults.
Blockchain sleuth PeckShield alerted about Arcadia’s exploitation in a July...
Terraform Labs Co-founder Faces Legal Proceedings: Trial Preparations Underway
11.7.2023
Legal proceedings have been initiated against Shin Hyun-Seong, also known as Daniel Shin, concerning charges concerning alleged illicit profits from the sale of Terra (LUNA) tokens.
The co-founder of Terraform Labs, Daniel Shin, was indicted in South Korea on April 25 in connection with...
European Union's MiCA Legislation and its Impact on Stablecoin Adoption: Lawyers Raise Concerns
10.7.2023
The European Union's Markets in Crypto-Assets (MiCA) legislation, enacted on May 31, has generated praise and concerns within the crypto industry.
While hailed as a groundbreaking regulatory framework for cryptocurrencies, there is growing apprehension regarding one particular aspect:...
Binance Facilitates Crypto Deals for Indians in Rupees
10.7.2023
Binance, the world’s largest crypto exchange by market cap, is reportedly attracting traders in India, allowing them to buy and sell cryptos in Indian rupees.
The fund transfers are carried out from local bank accounts or services like Google Pay or by accepting cash....
Read More: Binance...
Coinbase Domain Name Used by Scammers in Recent Phishing Attacks – What's Going On?
10.7.2023
Coinbase users have reported a series of phishing attacks that used the crypto exchange’s domain name.
The crypto exchange’s users reported that they received texts and emails from scammers with links under the domain Coinbase.com.
Twitter user Daniel Mason alleged that a scammer contacted...
Lido Protocol's LDO Token Included as Second-Largest Holding in Grayscale's DeFi Fund
10.7.2023
The digital asset management firm Grayscale added Lido liquid staking protocol’s governance token to its DeFi fund.
The firm announced that it has adjusted the DeFi fund’s portfolio by selling certain amounts of the existing Fund Components in proportion to their respective weightings, and using...
Voyager Digital Sees $250 Million in Net Outflow Since Resuming Withdrawals
10.7.2023
Bankrupt crypto lender Voyager Digital has seen more than $250 in net outflow since it resumed withdrawals on June 23, a year after it filed Chapter 11 and halted withdrawals.
As per data from Dune Analytics, the platform currently holds $176 million worth of cryptocurrencies.
Voyager Digital...
Sega Admits Crypto Games ‘Aren’t Fun to Play’ – Could Other Gaming Firms Follow Suit?
10.7.2023
A top executive at the gaming giant Sega says “play to earn crypto games” are “no fun” to play, and could reel in its blockchain gaming ambitions.
The firm has previously explored the notion of using NFTs in gaming and has signed blockchain partnership deals with a number of notable domestic...
DCG Dismisses Gemini Lawsuit As “Publicity Stunt” By Winklevoss
8.7.2023
Digital Currency Group responded to the lawsuit filed by Gemini alleging it defrauded its creditors by calling it a “publicity stunt” by Cameron Winklevoss.
Gemini revealed yesterday that it has filed a lawsuit against DCG and its CEO Barry Silbert for orchestrating and directly perpetrating...
South Korean Regulator Will Force Staff to Declare Crypto – Will Other Countries Follow Suit?
8.7.2023
The top South Korean financial regulator will force its employees to declare their crypto holdings in the aftermath of the “Coin Gate” scandal.
Lawmakers in the nation have come under fire for suspected insider trading, with one MP accused of selling his tokens in advance of the rollout of a...
Crypto Executives Stay Positive Amidst VC Funding Slump
7.7.2023
Executives in the crypto industry are still positive about the sector’s long-term prospects despite a slump in venture capital funding.
Based on numbers from the crypto data provider RootData, the second quarter of last year saw the lowest amount of funds raised by crypto firms since tracking...
Ethereum Founder Vitalik Buterin Credits Ordinals NFTs for Reviving a "Builder Culture" on Bitcoin
7.7.2023
Ethereum co-founder Vitalik Buterin has shared insights regarding new developments on the Bitcoin blockchain.
In a July 7 Twitter Spaces session, Buterin spoke with Bitcoin proponents Eric Wall and Udi Wertheimer, suggesting a thing or two Bitcoin could learn from Ethereum developers.
The...
Winklevoss’ Gemini Sues DCG and Barry Silbert For Fraud
7.7.2023
Winklevoss twins led crypto exchange Gemini has filed a lawsuit against the conglomerate Digital Currency Group (DCG) and its CEO Barry Silbert for allegedly defrauding creditors.
As per the lawsuit, Gemini claims the DCG CEO committed fraud as Genesis attempted to continue the Earn Program...
Bakkt Targets Hong Kong, UK, and EU for International Crypto Expansion
7.7.2023
Regulatory uncertainty in the US is driving digital assets platform Bakkt to expand internationally to Hong Kong, the United Kingdom, and the European Union, CEO Gavin Michael noted.
“We’re particularly focused on Hong Kong, the UK and parts of the EU because we see partners wanting to move into...