The attacker responsible for the Solana-based Crema Finance hack has returned about $7.6 million of stolen funds, keeping roughly $1.6 million worth of SOL as a bug bounty reward. Crema Finance Hacker...
Tag: crypto exchange
FTX Still Has a “Few Billion” to Support Struggling Crypto Firms
Sam Bankman-Fried (SBF), the founder and CEO of leading crypto derivatives exchange FTX, said Wednesday that his company still has a “few billion” dollars to save struggling crypto companies that coul...
Binance Launches Zero-Fee Bitcoin Trading to Celebrate 5th Anniversary
The world’s largest cryptocurrency exchange, Binance, has launched zero-fee trading for 13 bitcoin spot trading pairs to celebrate its 5th anniversary. The new policy will go into effect on July 8 and...
High-End Jeweler Graff Diamonds Sues Insurer Over $7.5M Bitcoin Ransomware Payment
Famous British Jeweler Graff Diamonds Corp. has filed a lawsuit against its insurance company, The Travelers Companies Inc., over $7.5 million it spent after falling victim to a ransomware attack in S...
Crypto Broker Voyager Files For Chapter 11 Bankruptcy Protection
Crypto brokerage firm Voyager Digital announced today it has filed voluntary petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Court of the Southern District of New York. The announ...
Bitcoin Miner Core Scientific Confirms $167M Bitcoin Sale Amid Market Selloff
Public-traded Bitcoin mining company Core Scientific sold 7,202 BTC, worth $167 million last month. According to the firm’s “June Updates,” released on Tuesday, the crypto assets were sold at an avera...
Ethereum Name Service (ENS) Hits 1.5M Registered Names Amid Crypto Winter
Despite the severe bloodbath in the crypto market, some projects appear to be steadily growing. The Ethereum Name Service (ENS) is a vivid example in this regard, as the project has surpassed 1.5 mill...
Bank of England Calls For Stricter Crypto Regulation Amid Market Downturn
The Bank of England (BoE) is calling for stricter regulations on crypto after the recent market downturn to safeguard against the potential financial stability risks they could pose. BoE Calls for Str...
U.K. Wants Public Views on Taxation of DeFi Loans and Crypto Staking
The United Kingdom (UK) has launched a call for evidence seeking public views on the taxation of crypto-backed loans and staking in the context of decentralized finance (DeFi). The call for evidence ...
Crypto Lender Nexo Signs Term Sheet to Potentially Acquire Struggling Rival Vauld
Popular crypto lending platform Nexo revealed on Tuesday that it has signed an indicative term sheet to acquire Singapore-based lending rival Vauld. An indicative term sheet is a document that shows t...
How Merged Mining Opens the Way for More Crypto Revenue
The cryptocurrency market has opened a valley of business opportunities, from trading highly volatile assets to mining and releasing them into the open market. The latter is of special interest to us,...
Ethereum Burns 2.5 Million ETH ($2.8B) via EIP-1559 Protocol
Less than a year after its activation, the Ethereum Improvement Proposal-1559 (EIP-1559) has permanently removed nearly $3 billion worth of ETH from circulation. According to recent data from Ultraso...
VCs Invested Over $3B in Crypto Projects Last Month Despite Bear Market: Report
Despite the downturn in the crypto market, venture capital (VC) firms have not lost interest in the sector and have continued to pour money into crypto projects. According to a VC monthly report by Wu...
Crypto Broker Voyager Says It Is “Pursuing Strategic Alternatives” After Halting Withdrawals
In a tweet thread on Sunday, crypto broker Voyager Digital said it is seeking strategic alternatives and that it is focused on protecting assets and maximizing value for its customers. The statement c...
Short-Bitcoin Products Hit $51M Inflow as Investors Predict More Downside
As the bearish crypto market continues, many investors have opted for schemes that will bring them profits, at the expense of top assets such as Bitcoin. Short-Bitcoin Hits $51M Within a Week Accordin...
Crypto Exchange FTX US Rescues BlockFi With $640 Million Deal
FTX US, the United States division of Sam Bankman-Fried’s cryptocurrency derivatives exchange FTX has signed a “definitive agreement” worth $640 million with troubled crypto lender BlockFi. According...
Solana-based Crema Finance Hacked for $8.7M in DeFi Exploit
Crema Finance, a DeFi protocol on the Solana network, suffered a security breach in the early hours of Sunday. The hack led to the loss of an estimated $8.7 million which the attacker still holds in s...
ETH Ends the Sixth Day of it Consistent Losses
Ethereum has been on the downtrend since the start of the week and is showing no signs of stopping. It ended the fifth day of the seven-day period with no notable losses but a red candle which continu...
NFT Marketplace Quixotic Confirms $100k Exploit via Offering Feature Breach
Quixotic, a non-fungible token (NFT) marketplace built on layer-2 scaling solution Optimism, on Friday confirmed an exploit that resulted in the loss of $100,000 worth of ERC-20 tokens. The attacker ...
El Salvador Purchases $1.5 Million Worth of Bitcoin at $19,000
Bitcoin-friendly El Salvador has bought the dip, adding 80 BTC ($1.5 million) to its balance sheet. The country said it purchased the bitcoins at an average price of $19,000 each. El Salvador Buys 80 ...
Asset-Backed Token Raise to Support the Build of Algae Biomass Protein Farms
SIT is the world’s first blockchain-based algae biomass project offering. The project will be built utilising patented sustainable technology to deliver a pioneering green investment opportunity. Car...
Bitcoin and Ethereum Record Tremendous Losses
The crypto market is going through one of its toughest second quarter. Most cryptocurrencies have significantly lost a large chunk of their value over the last three months. This is attributed to the ...
Singapore Regulator Reproves Three Arrows Capital for Exceeding $250M Threshold
The Monetary Authority of Singapore (MAS) disclosed Thursday that it had reprimanded Three Arrows Capital (3AC). The troubled crypto fund manager is charged with providing inadequate information and s...
FTX to Acquire BlockFi For $25M (99% Discount)
Sam Bankman-Fried’s crypto company FTX is on track to acquire troubled cryptocurrency lending firm BlockFi for $25 million, CNBC reported Friday. The deal, expected to conclude as soon as this week, w...
Grayscale Sues U.S. SEC Following Bitcoin ETF Denial
Leading asset management firm Grayscale Investments has filed a lawsuit against the United States Securities and Exchange Commission (SEC) over rejecting its application to convert the Grayscale Bitco...
Binance Inks MOU With Cambodian Regulators for Digital Asset Innovation
Leading cryptocurrency exchange Binance has signed a Memorandum of Understanding (MoU) with the Securities and Exchange Regulator of Cambodia (SERC) to work with the regulator to strengthen digital as...
Coinbase Plans Europe Expansion Amid Bear Market
Leading U.S. cryptocurrency exchange Coinbase is working to be registered in more European countries, including Italy, Spain, France, the Netherlands, and Switzerland, Bloomberg reported on Wednesday....
South African Police Arrest Two for Alleged $2 Million Crypto Fraud
The Hawks, a South African police unit, have arrested 57-year-old Zain Muhammed Valle and 25-year-old Michelle Bianca Bezuidenhout for an alleged R34 million (Approx. $2.1 million) cryptocurrency scam...
White Hat Gets $630k for Averting Potential $25M Bug on Solana-based Port Finance
Port Finance, a Solana-based lending protocol, has paid out a $630,000 bounty to a white hat hacker who helped prevent a potential $25 million vulnerability from the platform, cybersecurity firm Halbo...
GogolCoin Unveils Its Cryptocurrency Exchange – GOLEX
Recognized as a pioneering platform for buying, trading, and selling cryptocurrency in MENA Region, GOLEX stands out as the ideal exchange in a decentralized future. Building upon its growing platform...