Category: Altcoin
$47 Million Exploitation of Curve Finance Pool Due to Reentrancy Vulnerability
Decentralized finance (DeFi) has seen widespread adoption and popularity in recent times, however, security remains a paramount concern. There have been several instances of attacks on the vulnerabilities that persist…
Crypto users lose over $2 million after Kannagi Finance executes a rug pull
In yet another case of rug pull, leading yield aggregator Kannagi Finance reportedly rug-pulled, leading its users to suffer losses worth $2.13 million. Kannagi Finance is the revenue aggregator of…
Securitize Tokenization Platform Announces the Launch of its European Campaign
The landscape of digital finance is rapidly evolving, gradually expanding its jurisdiction around the globe. Many firms and local Governments are acknowledging the importance of decentralized finance (DeFi) and incorporating…
Ducati unveils new NFT collection on Ripple’s XRP Ledger
Leading motorcycle manufacturer Ducati will be making a foray into the world of digital collectibles by rolling out its first NFT series. The NFT series will be powered by Ripple’s…
Bank of Italy Partners with Polygon to Facilitate Institutional Adoption of DeFi
The massive adoption of decentralized blockchain networks by companies globally has showcased its importance and value in the world today. There is a gradual shift from the traditional centralized system…
EOS Foundation Files Lawsuit Against Block.one: Failure to Honour $1 Billion Commitment
The cryptocurrency ecosystem has encountered several legal disputes and has been a part of many controversies lately. The most recent development is the case between the EOS foundation and Block.one…
Avalanche Foundation to spend $50m for asset tokenization
Avalanche Foundation which maintains the Avalanche blockchain network recently announced that it will be spending $50 million to purchase tokenized assets that are minted on its network. Making the announcement…
Vitalik Buterin bats for Worldcoin’s personality-proof solutions for identity verification
Vitalik Buterin, who attained global fame after he co-founded Ethereum, recently talked about the potential of biometric proof of identity that has been designed by Worldcoin crypto. He talked about…
Aurory Announces Expansion into the Ethereum Layer 2 Arbitrum
The realm of blockchain technology is witnessing advancements at a blazing speed in today’s world. The innovation revolutionized the landscape of various sectors, but it goes without saying that the…
Ripple applies for registration as crypto asset firm in the UK
One of the world’s leading providers of decentralized enterprise-grade solutions, Ripple recently announced that it has applied for registration as a crypto asset company in the United Kingdom. The move…
FTX files lawsuit against Bankman-Fried, top executives for ‘misappropriating’ customer funds
Months after the cryptocurrency exchange hit the headlines over a liquidity crisis and subsequently filed for bankruptcy, FTX Ltd has filed a lawsuit against its former CEO Sam Bankman-Fried and…
Crypto couple behind 2016 Bitfinex hack set to plead guilty
Ilya Lichtenstein and Heather Morgan – the couple who hit the headlines for allegedly laundering Bitcoin tokens worth billions of dollars by hacking into crypto exchange Bitfinex in 2016 –…
Court Mandates Discussion: Ripple and SEC ordered to Engage in Settlement Conference
The ongoing legal battle between Ripple Labs and the US Security and Exchange Commission (SEC) has witnessed a development recently. The court has ordered both parties to agree on potential…
Token Burn Event: Binance Removes Almost $500 Million Worth of BNB from Circulation
The Binance Smart Chain (BNB) left the cryptocurrency community astounded when it decided to carry out the regular bun of nearly 1.99 million of its native BNB tokens. The burned…
Synthetix Revolutionizes Derivatives Trading with Infinex, Mitigating Counterparty Risks
Synthetix, a decentralised cryptocurrency platform, is taking a significant step to address counterparty risks with its latest initiative, the Infinex derivatives exchange. This new exchange aims to provide a solution…
Celo Blockchain to Transition to Ethereum Layer-2
Celo, a platform focused on devices, is considering a shift to Ethereum Layer 2. This move would enable Celo to take advantage of Ethereum’s security and scalability features while preserving…
Arcadia Defi protocol hacked on Ethereum and optimism for $455K
There has been another hack on the Ethereum platform, and this is the third time this year that the Ethereum platform has been hacked. The first being in April 2023,…
Shiba Memu, the new AI-powered cryptocurrency, is the rising star of cryptoverse
Shiba Memu is a new cryptocurrency on the market that has already gained the attention of multiple investors. The reason behind this is that it is the first of its…
SEC claims that Coinbase was aware of the violations of the law
Coinbase was sued by the U.S. Securities and Exchange Commission (SEC) for misconduct for not registering its company as an exchange, broker, and clearing agent on June 6, 2023. According…
Kitboga joins forces with Kraken to defraud the scammers
The number of frauds in cryptocurrency has been rising along with the widespread expansion of the cryptocurrency world. Since cryptocurrency blockchain platforms are decentralized and anonymous, it is easy for…