CertiK, a blockchain security company, and Merlin, a decentralized exchange (DEX) powered by zkSync, are collaborating on a proposal to compensate consumers whose funds were stolen in a recent hack. On Thursday, Merlin disclosed that the incident—widely interpreted as an exploit—was actually a rug pull. It was done by a
The UK Tax Authority is considering making substantial changes to the regulation of DeFi lending and staking, which may have far-reaching consequences for the future of crypto taxes. This recent move is an indication that the government of the United Kingdom is striving to guarantee that crypto-related activities are taxed
Even though the crypto industry has seen substantial growth this year, volatility has been a constant. In spite of this competition, Uniswap has maintained its position as the decentralized market leader. Across all blockchains, it still commands over $4 billion in total value locked (TVL), making it one of the
On April 26th, a hacker stole $1.82 million from the decentralized exchange Merlin. PeckShield and other members of the community have brought to light the exchange’s exploitation and provided the addresses of the exploiters. The funds were transferred from zkSync to Ethereum in the form of USDC tokens. #PeckShieldAlert Our
Binance has launched a new token called Wrapped Beacon ETH (WBETH). This allows users with additional choices when it comes to using staked ETH in DeFi protocols. Users will be allowed to take part in DeFi initiatives outside of Binance with WBETH while still being able to collect the associated
In a statement released earlier today, the Digital Currency Group (DCG) warned that Genesis Global’s bankruptcy procedures might go on for a long time. Genesis Global is a DCG subsidiary. The company is in trouble since its creditors rejected the bankruptcy restructuring plan that was agreed upon about two months
Thetanuts Finance, a multichain decentralized options protocol, has secured $17 million in an institutional funding round. Thetanuts Finance offers a range of crypto-structured products, enabling a wide customer base to earn a yield on major cryptocurrencies and popular altcoins. Along with providing liquidity, and executing short and long options strategies.
Telegram, the social media platform, has updated the features of the wallet web interface. The new update allows users to purchase, withdraw, exchange, and make P2P transactions using Bitcoin (BTC). Telegram has recently been working to extend its presence in the crypto sector. ₿𝗥𝗘𝗔𝗞𝗜𝗡𝗚: Telegram adopts #bitcoin pic.twitter.com/2QOunvF8Fe — Documenting
A bankruptcy court in New Jersey ruled on Wednesday that the cryptocurrency platform BlockFi Inc. has until the middle of the next month to submit its Chapter 11 or reorganization plan. The court ruled that a little delay was acceptable to ensure the case’s smooth continuation. Representing BlockFi, attorney Joshua
The planned purchase of defunct US crypto lender Voyager Digital especially by Binance.US has been blocked by authorities on many occasions during the last few months. Recently, however, Voyager reported that the Unsecured Creditors Committee (UCC) had struck an agreement with the U.S. government allowing the purchase plan to go
