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Conic suffers two devastating attacks resulting in a loss of $4.2M in funds


Conic Finance, a promising Layer 1 blockchain known for its “Play to Own” principle, has been hit by two severe attacks that have shaken the decentralized finance (DeFi) community. As a result of the first exploit, $3.3 million was drained from the ETH pool, and the second attack forced...

Federal Reserve Hikes Fed Funds Rate by 25 Basis Points


The move was fully anticipated by market participants who will now look to Chairman Jerome Powell’s imminent post-meeting press conference for clues about whether the central bank intends to continue tightening monetary policy

Rare 2010 Bitcoin Block Reward Stirs After 13 Years of Dormancy


On July 24, 2023, a block reward from 2010 was transferred for the first time in 13 years, marking this month’s first expenditure of dormant bitcoin from that year. So far this year, a total of nine such block rewards from the 2010 era have been spent, resulting in the transfer of...

FTX Sues SBF, Former Execs to Recover Over $1 Billion


Crypto exchange FTX is trying to regain $1 billion in a lawsuit against founder Sam Bankman-Fried (SBF) and some former executives. FTX’s new management argues the funds were misappropriated through dubious deals and transactions made before the coin trading platform went bankrupt last fall. Failed...

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