The Sturdy Finance DeFi protocol lost 442 ETH, or over $800,000 at the time of writing, due to a hack. An intruder drained funds from the protocol by exploiting a vulnerability that allowed them to manipulate a flawed pricing oracle. PeckShield, a blockchain security company, notified Sturdy Finance on June
June 12, 2023 2 mins read
After being silent for some time, the Solana Foundation has commented on the SEC’s recent decision to classify Solana (SOL) and other cryptocurrencies as securities. The company expressed its disagreement with the market regulator in a recent post it tweeted. The Solana Foundation issued a statement saying it appreciates lawmakers’
June 11, 2023 1 min read
U.S. authorities’ legal action against Binance and Coinbase, two of the most popular cryptocurrency exchanges, has driven users in Latin America to Bitget. Moreover, Bitget informed that from June 6 to 9, new users in the area grew 43% compared to daily norms, with Brazil and Argentina topping the market
June 11, 2023 2 mins read
Robinhood announced on Friday that it would cease supporting some of the cryptocurrencies it is currently offering on its platform, possibly as a result of the U.S. Securities and Exchange Commission’s (SEC) lawsuits against two of the top crypto exchanges, Binance and Coinbase, recently. In spite of the fact that
June 9, 2023 2 mins read
The Hong Kong Monetary Authority (HKMA) said on Friday (June 9) that it would begin building a central bank digital currency (CBDC) for use in retail transactions in the coming months. The Hong Kong Monetary Authority (HKMA) has reportedly been studying the feasibility of creating a digital Hong Kong dollar
June 9, 2023 2 mins read
A day after purchasing over $21 million in Coinbase (COIN) shares, Cathie Wood’s Ark Invest acquired millions in shares of Jack Dorsey’s payment business Block Inc (SQ). Cathie Wood, a self-described “crypto bull,” recently discussed the contrasts between the Binance and Coinbase cases and reaffirmed her $1 million Bitcoin price
June 8, 2023 2 mins read
Circle Internet Financial, the company behind the USDC stablecoin, has appointed former CFTC chairman Heath Tarbert to serve as the company’s chief legal officer and director of corporate affairs. Tarbert worked in the executive, legislative, and judicial departments of the federal government, as well as the CFTC. Heath Tarbert was
June 8, 2023 2 mins read
World Mobile, a provider of decentralized wireless networks, has reported that field testing of its DeWi technology in three African nations has been completed successfully. The tests carried out in Kenya, Mozambique, and Nigeria show the adaptability of World Mobile’s hybrid connectivity solution and open the door to deployment across the African
June 8, 2023 2 mins read
We are pleased to announce that On June 7, 2023, the Astana Financial Service Authority (AFSA), the regulator of the Astana International Financial Centre, granted Bybit the license for Operating a Digital Asset Trading Facility and Providing Custody as an Authorized Market Institution. The authorization follows the in-principle approval by
June 7, 2023 1 min read
In order to settle interbank dollar transactions, American multinational financial behemoth JPMorgan Chase & Co. has teamed with six Indian banks to build a blockchain-based platform. The move is part of the Indian government’s strategy to elevate GIFT City, the Gujarat International Finance Tec-City, to a level where it can
June 5, 2023 2 mins read