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Today in Crypto: BTC.com & BitKeep & Defrost Finance Hacked, North Korea Stole 1,000 NFTs, Japan to Lift a Stablecoin Ban
26.12.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: BTC.com & BitKeep & Defrost Finance Hacked, North Korea Stole 1,000 NFTs, Japan to Lift a Stablecoin Ban
Defrost Finance Says Hacked Funds Have Been Returned
26.12.2022
The hack, which some observers had characterized as a rug pull, was estimated to have netted $12 million
Defrost offers 20% payment to hackers as 'Exit Scam' allegations surface
26.12.2022
"Merry Christmas guys. We got a lump of coal from Santa Claus," wrote one user in response to the allegations and the incident
Defrost Finance Hacked in Attack Some Say May Have Been a Rug Pull
25.12.2022
The total value of funds locked on the protocol had dropped to less $93,000 on Dec. 25 from about $13 million, Defi Llama data show
DeFi flash loan hacker liquidates Defrost Finance users causing $12M loss
25.12.2022
Moments after a few users complained about the unusual loss of funds, Defrost Finance’s core team member Doran confirmed that Defrost V2 was hit with a flash loan attack
ECB to Decide Whether to Issue Digital Euro in 2023
24.12.2022
The European Central Bank (ECB) has published a new report on the progress of its investigation into the possible launch of a digital euro. The research will continue next year with the regulator planning to make a decision whether to proceed to the realization of the project in the fall of 2023....
Web3 projects would rather get hacked than pay bounty: Finance Redefined
23.12.2022
The top 100 DeFi tokens had a volatile yet bearish week with nearly all the tokens trading in red on the weekly charts
Rate Hikes Needed to Reduce Eurozone Inflation Despite Recession, Top ECB Official Says
22.12.2022
Interest rates will continue to rise while the euro area falls into recession, a high-ranking executive at the European Central Bank (ECB) has indicated. His statements follow the latest rate increase announced by the monetary authority last week and revised projections showing higher than...
New Report Shows DeFi Outperforming Traditional Finance in Market Conditions
22.12.2022
Decentralized finance (DeFi) still demonstrates greater potential than the traditional financial industry, despite recent setbacks, a new report has found.
The report, prepared by the crypto-focused investment firm Hashkey Capital, said the scalability of DeFi solutions already surpass that...
Defi More Scalable Than Traditional Finance, New Study Says
22.12.2022
Despite the market conditions that prevailed in much of 2022, decentralized finance (defi) still demonstrated its greater scaling potential than that of the traditional financial industry, a new report has said. Even though the total value locked dropped from the peak of $180 billion in Dec. 2021...
How Regenerative Finance Is Bringing Sustainability to Crypto
21.12.2022
As the crypto industry surveys the ruins of 2022, it must refocus on its core promises and once again seek ways to add tangible and sustainable value
Bank of Russia to Test International Crypto Payments With Companies
21.12.2022
The Central Bank of Russia plans to use cryptocurrency for cross-border payments in trials with private companies, a member of its top management has revealed. The testing will be conducted under a special legal regime that’s currently under development. Russia’s Central Bank to Explore Crypto...
Bringing community-based solutions to crypto lending can solve trust issues
20.12.2022
The crypto lending space is plagued with trust and security concerns, but crypto lending platform BNPL Pay offers an innovative community-based lending solution
Boris Johnson’s Brother Quits Binance Unit Advisory Role Amid 'Finance Transparency Concerns' and Market Turmoil – Here’s What Happened
20.12.2022
Jo Johnson, brother of former British Prime Minister Boris Johnson, resigned from the UK advisory board of Bifinity, a unit of the major crypto exchange Binance.
Binance itself reportedly announced Johnson's departure from the payments technology company on Monday. According to The Telegraph, in...
Indian Government Updates Parliament on Cryptocurrency Bill and Investigations of Crypto Exchanges
20.12.2022
The government of India has provided some updates on its cryptocurrency bill and investigations of crypto exchanges in Lok Sabha, the lower house of India’s parliament. “Crypto assets are by definition borderless and require international collaboration to prevent regulatory...
Vitalik Buterin reveals 3 ‘huge’ opportunities for crypto in 2023
20.12.2022
There's still plenty of room for innovation, according to Ethereum's co-founder Vitalik Buterin
Commodity Analyst Mike McGlone Suggests ‘Bitcoin Appears Poised to Resume Its Inclination to Outperform’
19.12.2022
Bloomberg Intelligence senior commodity analyst, Mike McGlone, believes a “warm spell” is coming in terms of bitcoin markets as the market strategist detailed on Monday that “bitcoin appears poised to resume its inclination to outperform.” McGlone’s comments...
National Bank of Kazakhstan Publishes Whitepaper for Digital Tenge
18.12.2022
The central bank of Kazakhstan has completed the second phase of testing for its digital currency and published a whitepaper. The studies carried out by the regulator on its introduction did not identify significant risks for the country’s financial stability and economy. Monetary Authority...
G20 Countries to Build Crypto Policy Consensus for Better Global Regulation
18.12.2022
The G20 countries aim to build a policy consensus on crypto assets for better global regulation. “After the crypto meltdown which we have seen recently, it is clear that we need internationally agreed standards on regulation,” said the International Monetary Fund (IMF)’s deputy...
Algorithmic stabilization is the key to effective crypto-finance
17.12.2022
Crypto needs to move on from the LUNA crash and start trusting algorithmic stablecoins again