A hacker used a legacy royalties contract on the Polygon platform and made away with about $261,200 worth of cryptocurrency in recent times. The security firm TenArmorAlert identified the unusual transaction on June 23 and tracked down the exploit transaction. The blockchain shows that the hacker carried out the attack
The bearish pressure has triggered the digital assets to lose momentum, pushing them into the red zone. Among them, the dog-themed Dogecoin (DOGE) has modestly dropped by over 1.03%. Notably, there is a chance of the price falling further from here, a clear downside bias. Currently, the meme coin price
A critical vulnerability reported by SecondFi had left the private keys of the users who have used their web wallet exposed. They had quickly suspended all services from June 23 and advised the users to move their funds somewhere else. The above-mentioned vulnerability had occurred in the wallet generator software
Prediction markets are one of the fastest-growing sectors of the digital economy, and Meta is apparently getting ready to enter it. An internal team has been assigned by CEO Mark Zuckerberg to create a stand-alone platform called Arena. It will function independently of Meta’s core products, such as Facebook, Instagram,
U.S. Lawmakers continue to advance digital asset regulations as the Senate moves closer to introducing dedicated cryptocurrency tax legislation. Senator Steve Daines revealed that Republican senators had already developed the framework. During an interview with Bloomberg Tax, Sen. Steve Daines said, “sooner rather than later”. He also said, “We’ve put
The largest altcoin, Ethereum (ETH), has slipped below its 200-hour Simple Moving Average (SMA). The break below this level suggests that bullish momentum is fading and that sellers are gaining greater control of the market. On the 1-hour chart, it recently lost support near the $1,720 region before falling to
Ripple received the first preliminary approval for a license in the role of Crypto Asset Service Provider from Luxembourg’s financial authorities this week. This authorization is another step towards implementing the company’s European expansion plan amid the MiCA regulatory regime. The Commission de Surveillance du Secteur Financier of Luxembourg issued
U.S. President Donald Trump issued executive orders to improve America’s preparedness for quantum computing advancements in the future. These orders set up strict timelines for federal agencies to upgrade their cryptographic technologies to quantum-resistant technologies. By virtue of Executive Order 14409, the federal agencies will need to enhance certain important
Fed chair Kevin Warsh is going to assess the bank’s monetary policy before the House Financial Services Committee. The hearing is set for July 14, and only weeks remain till the meeting of the FOMC. Warsh will provide his first assessment of the Federal Reserve’s monetary policy before Congress during
The fear sentiment in the market has pushed the majority of the assets into the red zone. Among the tokens, Bittensor (TAO) is losing momentum, registering a 4.05% drop. In the early hours, it traded at $235.86, and with the bears entering the TAO market, the price dropped to the
