The exploiter manipulated price oracles to gain the upper hand on trades executed using the manipulated price. Arbitrum-based decentralized finance (DeFi) protocol Rodeo Finance was exploited for $1.53 million on July 11. The DeFi protocol was exploited using a code vulnerability in its Oracle, leading to a loss of over 810 Ether (ETH). According to...Continue Reading

Through the collaboration, Axelar will be the first cross-chain protocol to join Microsoft’s Azure marketplace. On July 11, cross-chain protocol Axelar and tech giant Microsoft announced a partnership to bridge public and private blockchains. The collaboration will see Axelar joining Microsoft’s Azure marketplace, becoming the first cross-chain protocol listed on the developer’s online store. Galen...Continue Reading

Exploring the vital role of crypto market makers in driving liquidity and stability in the digital asset markets. As the cryptocurrency market continues to mature, the importance of market makers in maintaining liquidity and stability has grown respectively. Similar to the worldwide trend of increased regulation, market makers are acquiring prominence in the evolving cryptocurrency...Continue Reading

As the Mt. Gox repayment deadline scheduled for October approaches, crypto observers expect a major industry event coming up this fall. While the cryptocurrency community is actively discussing the upcoming Bitcoin (BTC) halving in 2024, there is potentially another big market event happening this year. The trustee of the hacked Bitcoin exchange Mt. Gox is...Continue Reading

China may have banned the use of cryptocurrencies but stablecoins might have a role to play in the proliferation of its national currency. China has long since closed its doors to decentralized cryptocurrencies, but Circle CEO Jeremy Allaire believes that stablecoins could play a role in the proliferation of China’s digital yuan. Allaire, who heads up...Continue Reading

Learn how to navigate tax laws and regulations for optimal financial management. Tax management is an essential component that can have a big impact on your overall savings and investment results. The implementation of efficient tax planning tactics is crucial, regardless of whether you are involved in conventional financial markets or are looking at prospects...Continue Reading

Sources close to Chinese officials say the draft rules for AI developers have been updated to include acquiring a license before releasing generative AI systems. The Chinese government is considering additional regulations on artificial intelligence (AI) development that emphasize content control and licensing. According to a July 11 report from the Financial Times, the Cyberspace...Continue Reading

Learn how to spend Bitcoin by directly paying merchants or using Bitcoin debit cards, as well as utilizing peer-to-peer platforms for transactions with other individuals. What are the prerequisites for spending Bitcoin? Spending Bitcoin involves obtaining a wallet, acquiring Bitcoin, finding accepting businesses, making payments using wallet details or QR codes, waiting for transaction confirmation,...Continue Reading

While some praised the move, others believe that it’s centralized and is adding NFTs where it’s not necessary. A nonfungible token (NFT) collector shared the story of how a decentralized finance (DeFi) loan was collateralized through a luxury watch and was facilitated with an NFT representing the asset.  On July 11, pseudonymous DeFi project advisor...Continue Reading

BTC price gets a $31,000 boost, but like last week, Bitcoin bulls fail to hold it — is this classic “re-accumulation?” Bitcoin (BTC) staged a fresh breakout attempt into July 11 as the battle for yearly highs stayed hot. BTC/USD 1-hour chart. Source: TradingView $31,000 reappears in BTC price “leverage crunch” Data from Cointelegraph Markets...Continue Reading