Tag: Cryptocurrency
Kin community members vote for burning 71% of token supply
Kin Foundation, which maintains the decentralized protocol Kin, announced that its community members have decided that a large volume of the platform’s native cryptocurrency – the KIN token – will…
$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…
SEC head says crypto market ‘fraught with scams’
The US Securities and Exchange Commission chairman Gary Gensler sent out a strong message to investors across the world by cautioning them against cryptocurrencies and said the market was riddled…
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…
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…
Seizure of Crypto Lender Delio’s Assets Amidst Legal Conflict
In the fast-paced digital era, cryptocurrency has been the centre of attention with its exponential growth and popularity. However, the volatile nature of the crypto market makes it the victim…
Launch of WorldCoin Crypto Project by Sam Altman
The world of cryptocurrency has become a place where there is a never-ending urge for innovation and progress. Every next news published is flooded with groundbreaking advancements in the field…
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…
Thodex CEO gets 7 months in jail for tax evasion
The founder of now-defunct digital asset exchange Thoder Faruk Fatih Özer was sentenced to seven months of imprisonment by a local court in Turkey for allegedly failing to submit tax…
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 –…
Ban on Virtual Asset Transactions in Kuwait
The cryptocurrency ecosystem is known to be a volatile market since its advent. It is forever exposed to the threats of the ever-changing market dynamics and a continuous victim of…
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…
Coinbase Stops Staking Services in Four US States Due to Regulations
Coinbase, a well-known US cryptocurrency exchange, has taken the decision to temporarily pause its staking services in four states. This move is in response to legal actions taken by regulators…
History of Money: Bartering; Fiat to Cryptocurrencies
Money, an ancient and momentous creation of human civilization, holds the distinction of being one of the earliest and most impactful inventions ever conceived. The money that we hold today…
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,…
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…
New Crypto bill will be beneficial for foreign residents in Israel
A new bill has been passed in Israel that will exempt foreigners from crypto-taxes. The foreigners residing in Israel could get an exemption on taxes from the sale of cryptocurrencies….