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
SafeMoon is a protocol for decentralized finance (DeFi) built on BNB Chain. On March 28, hackers stole 27,000 BNB, valued at about $8.9 million. According to a blockchain message published by SafeMoon on April 18, the attacker responsible for the theft of $8.9 million in BNB has promised to refund
On Saturday, the multi-chain lending protocol Hundred Finance said that it had been hacked on the Ethereum layer-2 blockchain Optimism, losing almost $7 million in the process. The protocol team has warned against speculation until an official statement has been released detailing the findings of the post-mortem they are doing
A court document suggests that defunct cryptocurrency lender Celsius Network sought to sue crypto blogger and Celsius creditor Tiffany Fong for disclosing confidential business information. According to a snapshot posted by Fong, she has around $119,000 worth of crypto assets locked on Celsius after the company halted withdrawals in the
Gary Gensler, the current chairman of the Securities and Exchange Commission (SEC), has recently announced his intention to adopt a stricter stance on the cryptocurrency sector within the United States. As per reports, the regulatory organization has also confirmed that Gensler has yet to make plans to leave his position
Term Labs announced on April 12 it had successfully launched its first testnet auction, cleaning $22.4 million in USDC loans against ETH at 2.96% interest over a four-week term. “We were pleasantly surprised to see the auction clear within a few basis points of the current midpoint of Compound Finance’s
Post the Ethereum Shanghai Upgrade, the second-largest cryptocurrency crossed the $2,100 level. Amid this ETH hustle, RPL, the native DeFi token of the Ethereum staking protocol Rocket Pool, spiked 20% in just 12 hours. According to data from TradingView, the RPL/USDT spot hit $53.95 on the largest crypto exchange Binance
On April 13, cybercriminals exploited a flaw in Yearn’s USDT token, yUSDT, to steal $11.2 million from the Aave V1 and an earlier version of the Yearn Finance protocol. One of the initial lending and borrowing protocols on DeFi, Aave allows users to earn yield by depositing cryptocurrency and borrowing
Hong Kong is a global leader in the areas of crypto, web 3.0, and decentralized finance. The special administrative region’s goals and policies are consistent with its vision of becoming a technological center. ZA Bank, a regional institution, recently announced that it will support fiat and cryptocurrency transactions and provide
Decentralized Finance (DeFi) has been making waves in the financial world as a revolutionary technology. That allows peer-to-peer value transfer on blockchains without intermediaries. However, concerns have raised about the risks associated with DeFi, including money laundering and terrorism financing. According to recent reports, the US Treasury Department released a
