As the blockchain and cryptocurrency industry grows, it increasingly becomes the target of larger and bolder attacks shaking the community, with the most recent one directed at the BNB Smart Chain (BS...
Tag: operations
Texas Objects to Celsius Plan to Fund Operations With Stablecoin Sales
Celsius filed for bankruptcy in July, and the case is now moving through the U.S. Bankruptcy Court for the Southern District of New York. The latest filing from the Texas State Securities Board and th...
Acala Resumes Operations After Printing Over $3B in Stablecoins
Acala developers almost killed their own project by mistake They are reviving it with the help of the community The protocol has already managed to recapitalize and rebalance Acala Swap’s liquidity Ot...
Acala Network to resume operations after burning 2.7B in aUSD stablecoin
After the mining failure involving its stablecoin, aUSD, the Acala Network announced on Monday that it had resumed its operations following a referendum allowing liquidity pools (LPs) to withdraw liqu...
Acala Network To Resume Operations After Passing Vote
3 hours ago | 2 mins read Altcoin News A vote permitted LPs to withdraw liquidity from pools or unstake LP tokens. There was a reported minting mistake of 3.022 billion aUSD. The Acala Network said on...
Acala Resumes Operations After Printing Over $3B in Stablecoins by Mistake
Some blockchain projects have to deal with hackers, and others, like Acala, have to deal with their own developers. A “human error” a few weeks ago almost killed the whole project. Still, thanks to th...
Binance Seeks License to Commence Operations in Japan
Fumio Kishida, the present Prime Minister of Japan plans to introduce a nicely laid-out plan to revamp the economy under the umbrella of “New Capitalism” that comprises the development and backing of ...
Acala reveals path to resuming operations after aUSD exploit
The Acala network today revealed its plans to resume operations after a minting error incident suffered by its aUSD stablecoin in August. Acala is a decentralized finance Polkadot parachain that power...
Acala announces ‘path to resuming operations’ after aUSD breach
Acala, a decentralised finance network that powers the crypto-backed aUSD stablecoin ecosystem, is “ready to resume its operations,” the platform announced on Friday. In August, the Acala community vo...
Market Maker Wintermute Reports $160M Hack From DeFi Operations
Crypto market-making firm Wintermute lost $160 million to a security breach, according to its CEO Evgeny Gaevoy. In a tweet early Tuesday, the CEO confirmed that the loss was associated with the firm’...
Wintermute Hacked for $160 Million in DeFi Operations
Arman Shirinyan One of biggest liquidity providers suffers massive $160 million hack One of the leading crypto market makers and liquidity providers for both centralized and decentralized exchanges ha...
Wintermute reveals $160M hack in DeFi operations
HacCrypto market maker Wintermute’s CEO Evgeny Gaevoy revealed that the firm was hacked for $160 million in its DeFi operations. We’ve been hacked for about $160M in our defi operations. Cefi and OTC ...
Bitcoin Mining Company Bitfarms Kickstarts Megafarm Operations In Argentina
Bitfarms’ megafarm Bitcoin facility situated in Argentina is now online and already contributing to the overall hashrate of the Bitcoin network. This after the farm, which started its construction on ...
Bitfarms Starts Bitcoin Megafarm Operations in Argentina – Mining Bitcoin News
Bitfarms, a global Bitcoin mining company, has started operations in its mining megafarm located in Argentina. The farm, launched on September 16, is currently generating 10 megawatts (MW) of mining p...
Celsius Files for Approval to Sell Stablecoin Stash to Fund Operations
In the latest development in the ongoing Celsius Chapter 11 bankruptcy case, the beleaguered platform has now sought approval to sell its reserve of stablecoins. In the request, Celsius leadership sta...
Ghanaian Central Bank Allays Fears That a CBDC Will Disrupt Mobile Money Operations – Fintech Bitcoin News
The Bank of Ghana has said the expected implementation of the central bank digital currency will not disrupt or negatively impact the operations of mobile money operators. Rather, the central bank exp...
Streamlining Operations and Recent Controversy
September 2, 2022, 1:12PM EDT • 10 min read Quick Take This DeFi governance roundup piece covers Aave, ApeCoin, Balancer, Fei Protocol, Olympus DAO and Optimism. The proposals covered continue to focu...
Sanctioned Russian Bank Tests In-app Operations With Digital Rubles – Finance Bitcoin News
A Russian bank, one of the country’s largest by assets, has conducted a successful trial with digital ruble transactions processed through its mobile app. The state-owned Promsvyazbank was one the ins...
Celsius expects to receive $70M loan repayment to fund operations beyond November
Crypto lender Celsius expects $70 million from loan repayments that will extend its runway cost beyond November. The cash flow forecast submitted by Celsius during the bankruptcy hearing on Sept. 1 di...
Luxury EV Startup Lucid Looking To Raise Up To $8 Billion To Build Out Operations
Lucid’s top-end Air Sapphire can go over 200 mph and costs $249,000. Lucid Group Lucid Group, a maker of high-end electric sedans, filed a shelf registration to raise as much as $8 billion in multiple...
Crypto ATM Company Bitbase Prepares to Open Operations in Venezuela This Year – Exchanges Bitcoin News
Bitbase, a cryptocurrency store and ATM company headquartered in Spain is preparing to open operations in Venezuela this year. The company is now looking for employees for the stores and crypto ATMs t...
Investment Arm of FTX Absorbs Alameda Research’s VC Operations
As per the latest reports, responding to the bearish trends in crypto market currently, FTX ’s investment arm has merged with Alameda Research’s venture capital operations. In an interview as quoted ...
Binance to Suspend ETH Operations to Maybe Give Users Forked Token
Yuri Molchan Binance to suspend deposits and withdrawals for ETH on Sept. 6 and 15 when two major upgrades will be performed as part of Merge In a recently published blog post, Binance exchange announ...
Alameda Research and FTX merge VC operations: Report
The investment arm of Sam Bankman-Fried’s cryptocurrency exchange, FTX, has reportedly absorbed the venture capital operations of Alameda Research in response to the ongoing crypto bear market. Accord...
Huobi Halts International Operations. Incubates Chinese NFT Platform – iBox.
After halting out country operations iBox to process refunds till September 2022. The international platform of iBox was selling NFTs denominated in USDT stablecoin iBox is a widely popular Chin...
Celsius CFO Refutes Claims That It Will Not Be Able To Fund Operations For 2022
Celsius Network continues to battle with bankruptcy, and as the proceedings have moved forward, there have been some interesting findings in the court filings. The latest of these has been that the co...
SBI Holdings Halt Bitcoin Mining Operations in Russia
Japan’s largest online brokerage, SBI Holdings, will shut down its Bitcoin mining operations in Russia, citing concerns over sanctions. Per a report by Bloomberg, SBI Holdings, Japan’s leading financi...