USN had been inadequately collateralized as per the NEAR Foundation. NEAR Protocol’s USN was an algorithmic stablecoin at launch but later switched. After exhibiting violent behaviors similar to those seen with TerraUSD, a cryptocurrency that dramatically crashed this year and cost investors billions of dollars, the NEAR Protocol stablecoin is
October 25, 2022 2 mins read
Freeway’s native token, FWT, plummeted by more than 77%. German crypto bank Nuri informed its 500,000 customers to withdraw their assets. The crypto sector has been shaken to its foundation by the present bear market. Freeway, a lesser-known crypto-staking platform, is the latest to cease withdrawal services due to recent
October 24, 2022 2 mins read
A Twitter user called the idea a “step backwards.” Erik Voorhees said that the CEO was praising the OFAC. After the proposal for a legal framework for cryptocurrencies by FTX founder and CEO Sam Bankman-Fried (SBF) caused a stir earlier this week, he resorted to Twitter to try to quell
October 24, 2022 1 min read
Following the United States and Canada as the third nation with the most Bitcoin and cryptocurrency ATMs, one will find them in Spain. With 215 cryptocurrency ATMs, Spain has surpassed El Salvador, which only has 212, to become third in the world. According to research from CoinATMRadar, Spain is home
October 23, 2022 1 min read
Hacker promoted a giveaway of up to 500,000 USDT in incentives. Gate.io was able to reclaim control of its account and delete the fraudulent ad. Once again, cybercriminals are using social media for their own ends. This time they used the verified account of a well-known cryptocurrency exchange to promote
October 23, 2022 1 min read
With the increase in the cost of NFT in the past years, the way this field began to develop sharply and rapidly became clear. Remember the 2017-2018 project CryptoPunks, which became very popular in 2021? And now imagine yourself as a collector of paintings and you own the original, isn’t
October 23, 2022 2 mins read
The creators of Ethereum NFTs have earned $1.8 billion in royalties from their creations’ secondary sales on exchanges like OpenSea, according to a new analysis published by Mike Novogratz’s Galaxy Digital. Researchers Sal Qadir and Gabe Parker from Galaxy Digital discovered that the average royalty charge for NFT writers on
October 22, 2022 1 min read
The Olympus treasury holds a variety of assets including DAI and FRAX. OlympusDAO is a decentralized reserve currency system using the OHM token. Early this morning, a hacker stole 30,000 OHM tokens from OlympusDAO, which are valued at over $300,000. However, hours later, the attacker returned the assets to the
October 22, 2022 1 min read
The validator kept these costs for themselves after approving the trade. MEV strategists may profit from arbitraging these kinds of on-chain chances. A user of Ethereum seems to have fallen prey to an unusual attack. In a report published, blockchain security firm PeckShield claimed that an Ethereum user had been
October 21, 2022 1 min read
The corporation is hiring 100 tech personnel to develop new blockchain services. It has also released a Bitcoin spot ETF in Canada. For quite some time now, Fidelity has been showing enthusiasm for cryptocurrency. The asset manager said that many investors are starting to see Ethereum “through a new lens”
October 21, 2022 1 min read
