Allbridge has given the hacker who was responsible for a $573,000 vulnerability on its multichain token bridge an opportunity to reveal themselves as white hats and collect a reward. A person posing as a liquidity provider and swapper drained the pool of $282,889 in Binance USD (BUSD) and $290,868 worth
Q1 2023 goes down as the period that recorded significant recoveries in the cryptocurrency market. Bitcoin, Ethereum, and other altcoins displayed astounding rallies amid bank runs and Fed’s regulatory crackdown. Out of them all, stablecoins captured the major attention. The USDC brief depegging, due to Silicon Valley Bank (SVB) collapse,
The Silicon Valley Bank (SVB) incident happened at a time when the global cryptocurrency market was still recovering from last year’s substantial slump. This is when the massive outflow of USDC began. The FTX exchange and the TerraUSD and LUNA collapse instilled fear in investors against the crypto market. This
USD Coin (USDC) stablecoin outflows have exceeded $10 billion since March 10. Investors feel that Circle’s USDC stablecoin, with many of them switching to Tether, has reached its 22-month high in market share. When the regulators shuttered the critical reserve banking partner, Silicon Valley Bank, the U.S. payments firm Circle
The global crypto market seems to be recovering from the prolonged bear market. And the traditional banking crisis gives positive movements to digital assets and gains investors’ attention. There are thousands of different cryptocurrencies, ranging from the two largest, Bitcoin and Ethereum, to prominent altcoins like Dogecoin and Tether circulating
CeFi investment platform, which recently led a $9M Series A investment in Canadian crypto miner, is now allowed to operate as a cryptocurrency service provider in Lithuania SEOUL, South Korea–(BUSINESS WIRE)–Haru Invest, a leading digital asset management platform, today announced that Haru EU Limited UAB, its EU incorporated subsidiary, has
Winz.io, a leading online casino renowned for its exceptional gaming experiences worldwide, has recently been nominated for multiple gambling awards, cementing its status as a prominent player in the online gambling industry. Nominated for its exceptional performance in the past year, Winz.io’s recognition across multiple categories serves as a testament
Santiment, the crypto-analyzing firm, tweeted that many Altcoins have experienced several transactions recently. Some are the biggest transaction of the year for the respective networks. 🐳 #Altcoins have lit up with several transactions among the biggest of the year for their respective networks. $MATIC and $FET have both seen a
The U.S. Securities and Exchange Commission (SEC) has subpoenaed SushiSwap and its CEO, Jared Grey, shocking the cryptocurrency market. The firm is in the midst of conversations with the financial watchdog. And has so far refrained from making any public comments related to the probe. Moreover, Jared Grey reported on
Another program has been developed by the government of El Salvador to show its enthusiasm for Bitcoin and encourage its use and expansion. This time, venture capital company Fulgur and stablecoin issuer Tether are backing a training program for Bitcoin and lightning developers. On Wednesday, the Bitcoin Office in El
