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Massive Exploitation of Multichain Bridge Results in Loss of $126 Million

In a significant incident that has sent shockwaves through the cryptocurrency community, the Multichain Fantom bridge was recently exploited, resulting in a staggering loss of approximately $126 million. The exploit…
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Potential Multichain Hack! Tens of millions drained

Enormous amounts of money, totaling tens of millions of dollars, have been unexpectedly withdrawn from #multichain $MULTI raising concerns of a potential security breach. This unprecedented occurrence has caught the…
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Hotbit Transfers Users’ Unwithdrawn Altcoins and Sells Them

cryptocurrency exchange Hotbit has come under scrutiny for transferring users’ unwithdrawn altcoins to two specific addresses, namely 0xa97c and 0xfd32. The exchange then proceeded to sell a substantial portion of…
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Namibia Regulates Digital Assets and Cryptocurrencies

Namibia, a country in southwestern Africa, has taken a significant stride in the realm of digital assets and cryptocurrencies. On June 22, 2023, the National Assembly of Namibia passed a…
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Maker $MKR Surges Over 40% in 7 Days on Protocol Expansion

MKR has experienced an impressive surge of over 40% in the past seven days. This significant increase in value can be attributed to several factors, including the introduction of the…
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Binance Announces Retirement of Selected Deposit Addresses and Memos in Upcoming Network Migration

In an effort to provide enhanced efficiency and improved fund security for its users, Binance, one of the leading cryptocurrency exchanges, has been diligently upgrading its wallet infrastructure. As part…

MetaMask Introduces Improved User Experience with Update

MetaMask, the popular cryptocurrency wallet extension, has recently announced the release of its v10.33 update, introducing several significant improvements to enhance the user experience. With these changes, MetaMask aims to…
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Bitcoin Exchange Balances Hit Lowest Level since March 2018

Glassnode reported a significant decline in the number of Bitcoin held on cryptocurrency exchanges. The exchange balance has reached its lowest level since March 2018, with only 2.26 million BTC…
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DeFi Protocols Reduce Losses to Hacks by 58% in Q2 2023

Certik reported DeFi protocols’ losses to hacks and cybersecurity breaches have shown a significant decrease by 58% in the second quarter of 2023. This exciting development points out that the…
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India’s Push for Cross-Border CBDC Payments

The Reserve Bank of India (RBI) is actively engaging with 18 countries to enable cross-border payments using its central bank digital currency (CBDC), the digital rupee. The primary goal is…
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South Africa Implements Licensing Requirement for Cryptocurrency Exchange

In a move aimed at regulating the rapidly growing cryptocurrency market, South Africa has announced that cryptocurrency trading platforms operating in the country will be required to obtain licenses by…
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Gemini Threatens Lawsuit Against DCG and Barry Over Defaulted Payment

Gemini, the popular cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has taken a bold stance against Digital Currency Group (DCG) and its CEO, Barry. In an open letter issued…
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Major Asset Manager BlackRock Resubmits Bitcoin ETF Filing 

In a recent development, global asset management firm BlackRock has resubmitted its application for a spot Bitcoin exchange-traded fund (ETF) on June 29. Notably, the company’s latest filing includes Coinbase,…

Revolut to Delist Polygon (MATIC), Solana (SOL), and Cardano (ADA) Tokens in the US

Revolut, the crypto-friendly neobank, recently made an announcement that it will be delisting Polygon (MATIC), Solana (SOL), and Cardano (ADA) tokens in the United States by September. This decision comes…
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Leading Bitcoin ATM Firm Set to Go Public on Nasdaq Today

Bitcoin Depot, the leading provider of Bitcoin ATMs worldwide, has embarked on a significant endeavor to revolutionize the accessibility of cryptocurrencies. Through a successful $885 million SPAC agreement with GSRM,…
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Thailand Implements Stricter Regulations for Cryptocurrency Exchanges

In an effort to safeguard investors and promote transparency in the cryptocurrency market, the Thai government has recently announced stricter regulations for cryptocurrency exchanges. These regulations require exchanges and other…
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AzukiDao Governance Token Contract Exploited

AzukiDao’s governance token contract, known as “bean,” has fallen victim to an exploit due to a critical vulnerability. This exploit allowed two attackers to take advantage of the vulnerability and…
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SEC Dispels Rumors: Chairman Gary Gensler Not Resigning

In the high-stakes world of financial regulation and cryptocurrency, rumors of authoritative shifts can cause seismic changes. Recent rumblings suggested that Chairman Gary Gensler from the US Securities and Exchange Commission was resigning. This…