Jimbos protocol is the latest decentralized finance (DeFi) system to be hacked, resulting in a substantial loss of funds in the cryptocurrency market. Jimbos protocol, the Arbitrum system’s liquidity mechanism, was hacked on May 28 morning, according to blockchain security company PeckShield. The hack caused a loss of 4,000 Ether,
An agreement in principle to extend the debt limit date, now at $3.4 trillion, has been agreed between US President Joe Biden and Representative Kevin McCarthy only days before the default date. The proposed compromise between the two sides would increase the debt ceiling for two years while imposing expenditure
Binance, the biggest cryptocurrency exchange in the world, stated on Saturday that it would stop providing cryptocurrency services to Japanese customers as of November 30, 2023. The crypto exchange has taken this decision as part of its continued efforts to meet regulatory requirements and guarantee compliance in the countries where
In today’s crypto industry, there are certain highlighting projects that create effective traded ones in the market. And, from the results of Coingecko, there is a list of the highly impactful projects that haven’t been listed on Binance so far. Most Traded Projects in the Crypto Market Firstly, the inSure
Ethereum’s long positions have been on a tumultuous rollercoaster ride, with record-high liquidations topping $58 million in May. The digital asset, currently trending bearish around the $1,820 price range, has been entrapped within the $1,800 price range for a substantial period. Despite witnessing a minor surge, the potential for growth
Ethereum has made significant progress towards its impending Cancun upgrade after its well-publicized Shapella upgrade earlier this year. In addition, the change should have a major effect on the network’s architecture. In recent months, people working on the core of Ethereum have explored a number of Ethereum Improvement Proposals (EIPs).
Charles Hoskinson, the founder of Cardano, thinks the decentralization of the project will serve as a “wake-up call” for the sector. Hoskinson recently shared an update with the community. During which he claimed that ADA is “substantially more decentralized” than any other cryptocurrency. Furthermore, the executive emphasized that the Cardano
The LayerZero cross-chain bridge protocol, Stargate, has proposed a thorough solution to the stability problems surrounding anyUSDC, Fantom’s principal USDC asset, after the recent “force majeure” occurrence impacting Multichain. Stargate launches its binary voting mechanism to protect the health of its ecosystem and reduce uncertainty. As a first step, the
In an audacious move this morning, China’s capital, Beijing, spotlighted its commitment to the evolution of the internet by unveiling an ambitious blueprint known as the “Web 3.0 Innovation and Development White Paper (2023)”. This seminal document, touted by a local media outlet, The Paper, points to web3 technology as
The never-ending memecoin season, which was started by the leading meme coin Shiba Inu (SHIB), didn’t fail to treat the SHIB Army and its community. The meme token recently provided its upcoming updates. In addition, since the beginning of March, when the Shibarium testnet was launched, the Shiba Inu army
