Decentralized platform Abracadabra.money’s stablecoin, MIM, had a precipitous decline to $0.76 after news of a $6.5 million vulnerability. Initial details of the hack were revealed by blockchain security company PeckShield at 11:35 UTC Tuesday. The organization went on to say that the attack was funded using Tornado Cash, a sanctioned
Gate.io, a leading crypto exchange and Web3 innovator, has released its January 2024 Proof of Reserves (PoR), verifiably demonstrating $4.3 billion in total held assets with a ratio of 115.47%, representing over $584 million retained in excess of user deposits. The latest report also demonstrates an increase of $1.1 billion
Hacken Finds Gate.io’s PoR ‘Contributes Significantly to the Field’ Gate.io, a leading crypto exchange and Web3 innovator, announced that its latest Proof of Reserves (PoR) methodology passed a comprehensive security review conducted by Hacken, a pioneer in blockchain and Web3 security auditing. The accompanying report found no severe issues. Released
The short-term loans that Digital Currency Group (DCG) had with the now-defunct Genesis crypto lending platform have all been paid off, according to the venture capital company. On January 6th, DCG verified in a statement posted on X (formerly Twitter) that it had paid all of its debts, including almost
Welcome to the fascinating world of cryptocurrencies, where investors are frequently drawn to chances for significant profits. We’ve put together a list of seven tokens that are primed for quick 5x gains as January 2024 approaches. Retik Finance (RETIK) is a notable competitor among them all, providing a special combination
Solana has been dominating headlines with its impressive performance in the crypto market. The native token, SOL, experienced a staggering 14% surge within just 24 hours, soaring to a nineteen-month high of $85. This remarkable momentum propelled Solana’s market capitalization to a 13% increase, surpassing XRP and securing a spot
Crypto derivatives firm Bitnomial has been authorized to settle margined futures and options contracts after registering as a derivatives clearing organization in the United States with the consent of the Commodity Futures Trading Commission (CFTC). Bitnomial applied to the Commodity Futures Trading Commission (CFTC) to provide U.S investors with margined
Uphold, a prominent trading platform, has unveiled its latest offering, the “Uphold Vault.” This self-assisted custody solution is set to redefine the user experience by combining the benefits of self-custody with instant trading, all while ensuring bank-grade security. Uphold formally introduced the Uphold Vault on its official X page, emphasizing
A senior Indian politician in charge of the country’s financial development has said that the country is not expected to introduce a crypto or Web3-specific legislative measure until at least the middle of 2025. Chair of the Standing Committee on Finance Jayant Sinha was speaking at the India Blockchain Week
In a surprising revelation on X, Billy Markus, co-founder of Dogecoin, sheds light on the ambitious island acquisition plan of Sam Bankman-Fried, the now-bankrupt creator of the FTX cryptocurrency exchange. The plan, aimed at securing a future amidst apocalyptic scenarios, has sparked both curiosity and ethical concerns within the crypto
