Leading Bitcoin ATM manufacturer General Bytes reportedly encountered a security breach and the loss of BTC tokens worth $1.5 million stolen from several ATM outlets. Accordingly, the firm has reportedly shut down its cloud services due to concerns over the platform’s vulnerability after the latest exploits. The Exploit According to a recent blog post, the…
The crypto industry saw a landmark event as the supply of the second-largest crypto asset, Ethereum, experienced a significant drop of 65,000 ETH at the start of the year, as revealed by IntoTheBlock. Per the report, this comes from the September 2022 Merge that signaled Ethereum’s transition to the proof-of-stake (PoS) consensus algorithm from the…
The central bank digital currency (CBDC) has continued to enjoy wide use in China as residents and companies in the Fujian Province reportedly processed nearly $22 billion in digital Yuan (e-CNY) transactions from last year to date. The Fujian Province was one of several districts added to the country’s CBDC pilot phase last year. Fujian…
Starting March 31, the DEX operating on Solana—Orca will prevent users located in the US from conducting trades on its web platform. The plan was revealed in an official announcement published on its website. On-chain platform DefiLlama disclosed that the exchange currently holds a total value of over $46 million locked in smart contracts of…
The biggest news in the DeFi space is the attack on Euler Finance, which resulted in a staggering $197 million exploit. However, recent developments suggest the situation may not be as dire as initially thought. According to reports, the hacker, whose identity is still unknown, might be having a change of heart and contemplating returning…
Circle has developed “enhanced relationships” with various banking partners, including BNY Mellon, to aid in the redemption of USDC. Bank of New York Mellon currently offers custody services to Circle’s reserves. It was a tumultuous weekend as Circle’s USDC stablecoin deviated from its peg to the US dollar. However, a sequence of actions taken by…
The Shiba Inu community is divided over the network’s Shibarium upgrade after some members raised concerns that the Chain ID is copied from another blockchain called Rinia. However, some claim that only some individuals managed the multi-sig address. Disagreements Over Shibarium’s Uniqueness Per reports, the Shiba Inu Discord community is discussing the origin of Shibarium,…
Fxp360 Review Trading online is a great way to invest and make money but you have to prepare to take some risk. However, there are people who would tell you that you can just begin trading and start making money, which is not true. You have to put a lot of effort into trading, especially…
The cryptocurrency industry is no stranger to volatility. Still, Huobi’s recent flash crash of its Huobi Token (HT) sent shockwaves through the market. The crash caused the token’s price to drop an astounding 90%, catching many crypto traders off guard. In response, Huobi has set up a $100M liquidity fund to help stabilize the market…
Lego, the renowned Danish toy manufacturer known for its vibrant plastic building bricks, aims to broaden its entertainment offerings and focus on the metaverse. In collaboration with Epic Games, Lego is gearing up to launch a virtual world to penetrate new digital markets and sustain its growth momentum while expanding its market share. Lego Doubles…
Senator Elizabeth Warren recently spoke out against “sham audits” of cryptocurrency exchanges. Her comments come as Silicon Valley Bank (SVB) declares bankruptcy. Her words echo the sentiment of many crypto community members who have been watching the collapse of the FDIC-insured institution with growing concern. Senator Warren’s comments focused on the importance of rigorous and…
The stablecoin USD Coin (USDC), issued by Circle, has emerged as one of the top performers in the entire cryptocurrency industry. The stablecoin has demonstrated a very strong performance after declining to a very low level. The performance of the stablecoin has been better than the rest of the cryptocurrencies among the top-10 crypto by…
There have been issues revolving around the conditions of the technological bank – Silicon Valley Bank. The bank provides services to cryptocurrency platforms, for example, a16z and Sequoia. People have been scared and frustrated about yet another bank in the US after recent news about SVB. Apparently, Silicon Valley Bank revealed a huge amount of…
Polygon (MATIC) Polygon’s (MATIC) trading price recorded a major dip on Thursday, as its value hit the lowest point that it had not come close to since January. The downtrend was recorded as the sentiments of the investors were not high at all. They were not confident about the movement of MATIC in the future,…