Vee Finance, a decentralized finance (DeFi) platform based on Avalanche, announced on September 21st, 2021 that it had suffered from a hack. This incident saw around 213 bitcoins and 8.804 ether siphoned out of their system. The defi platform contracts have already been suspended by their team and they stressed that none of the stablecoins…
On-chain data from a South Korean Vendor, CryptoQuant, revealed that a notable amount of Ether was withdrawn from two different cryptocurrency exchanges; about 120,000. Half of the figure was removed from Binance, a popular crypto exchange globally, and the remaining half was withdrawn from the popular crypto exchange in South Korea, Bithumb. Meanwhile, a forecaster…
Although the proposals in the United States regarding a possible Bitcoin exchange-traded fund (ETF) have previously struggled to gain any kind of approval, which would need to be given by the country’s SEC, another nation has managed to be successful by launching its own ETF. Brazil is the country in question, and it just made…
EY (Ernst & Young), an auditing company, has launched a layer two protocol named zero-knowledge proof to help minimize the increasing fees on transactions through Ethereum. The ZKP (zero-knowledge proof) protocol has been developed to operate ERC-20’s private transfers along with enhancing the overall efficiency. Zero-knowledge proof has been incorporated into the project named Nightfall…