Regulation
Hackers Send Back $9M to Nomad Bridge After $190M Exploit
Hackers that exploited the Nomad Bridge have sent around $9 million back to the protocol. Source link
Month: August 2022
Market Analysis
Binance-Owned WazirX Probed in India for Alleged Money Laundering of Over $350M
The Indian Ministry of Finance confirmed on Aug. 2 that crypto exchange WazirX is being investigated for money laundering and flouting forex rules in two cases. Reports quoted the written reply of Pankaj Chaudhary, Minister of State […]
Ethereum
SOL Token Holds Price Support After Million-Dollar Hack Brings Bad Optics for Solana
Matthew Dibb, COO and co-founder of Stack Funds, said, “Sol has been underperforming relative to other Layer 1s recently, however, it is proving relatively stable given the hack today.” Nevertheless, he said he expects continued […]
Market Analysis
Dubai-based Crypto Exchange Becomes Safe Haven for Russian Traders
Dubai-based exchange Coinsfera is attracting traders from countries under sanctions, including Russia and Iran, Bloomberg reported. Coinsfera is a crypto over-the-counter (OTC) desk which allows its users to make large trades under the public markets’ […]
Market Analysis
Bitcoin (BTC) Attempts to Breakout From Short-Term Bullish Pattern
Bitcoin (BTC) is currently making its third attempt at breaking out from a short-term descending wedge in order to resume its upward movement. Bitcoin has been falling since reaching a high of $24,669 on July […]
Market Analysis
Catholic Churches Begin to Accept Crypto Donations. Oh My God
Catholic churchgoers in the USA can now make a crypto donation towards their church’s efforts. But where does the Vatican stand on cryptos? While most religions are thousands of years old and full of outdated […]
Market Analysis
European Central Bank Hails CBDC ‘Holy Grail’ of Cross Border Payments
A report by the European Central Bank (ECB) has found that central bank digital currencies (CBDC) could be the “holy grail” of cross-border payments, with the potential to outperform anything else on the market — […]
Market Analysis
Network Suffers Multi-Million Dollar Hack, Wallets Drained
Solana attack: The Solana network suffered a multi-million dollar attack on Wednesday as horrified users came to the realization that their wallets had been drained of all their funds. The hacker successfully drained around $6 […]
Market Analysis
Using Tokens to Get People to do What You Want
Crypto rewards aren’t new, they have a fascinating backstory. They can be used to foster loyalty. And, they can be utilized for “behavior change intervention.” In fact, crypto takes digital rewards to a whole new […]
Regulation
Robinhood Crypto Fined $30 Million by New York Regulator for ‘Significant Failures’ in Multiple Areas – Regulation Bitcoin News
The New York State Department of Financial Services (DFS) has fined Robinhood Crypto $30 million for “significant failures in the areas of bank secrecy act/anti-money laundering (‘BSA/AML’) obligations and cybersecurity.” Robinhood Crypto Settles With the […]