The platform’s treasury was drained of over $100 million worth of cryptocurrency after an attacker manipulated price data of its native token to take out loans against their holdings. Solana (SOL) based decentralized finance (DeFi) exchange Mango Markets has been hit with a reported exploit of over $100 million through an attacker manipulating price oracle...Continue Reading

A source familiar with the matter said the SEC is looking into whether certain NFTs from Yuga Labs could be “more akin to stocks.” Sources say that the U.S. Securities and Exchange Commission (SEC) probe into Yuga Labs is actually part of a wider investigation into the nonfungible token (NFT) market, which already came to...Continue Reading

Stocks markets slide toward yearly lows, while Bitcoin price remains range-bound. Here’s why crypto analysts expect a sharp move from BTC soon. If you were to hang around crypto traders this week, you would hear three phrases repeatedly muttered: “volatility,” “bond prices” and the potential of a “sharp move” in Bitcoin (BTC) price. Multiple analysts...Continue Reading

The nonfungible token venture, originally scheduled with a half-year road map, lasted little under four months. According to a new Twitter post published Monday evening, U.S.-based multimedia outlet The Cable News Network, colloquially known as CNN, says it will shut down its nonfungible tokens (NFT) project less than four months after its launch. Dubbed “Vault...Continue Reading

“Effective regulatory and supervisory frameworks should be based on the principle of ‘same activity, same risk, same regulation,’” said the FSB proposal. The international monitoring body Financial Stability Board, or FSB, has proposed a comprehensive framework for cryptocurrencies aimed at addressing potential risks while “harnessing potential benefits of the technology.” In an Oct. 11 report, the...Continue Reading

The hack was allegedly caused by “a missing onlyMigrator check.” TempleDAO, a yield-farming Decentralized Finance (DeFi) protocol, lost over $2.34M to a hack on Oct 11.  The exploit was announced by twitter account holder @spreekaway, who shared that the Defi platform had been hacked, along with a snapshot of how the stolen funds had been...Continue Reading

The city notice effectively stopped the facility from conducting “any cryptocurrency mining or related operations” until Blockfusion was in compliance with local zoning ordinances. The City of Niagara Falls has issued a cease and desist notice to New York-headquartered crypto mining firm Bit Digital over a data facility owned and operated by its partner Blockfusion....Continue Reading

The Soroban Adoption Fund incentivizes developers to begin building products and tools on the new smart contract platform. Stellar Development Foundation (SDF), the non-profit organization supporting the development of the Stellar network, has launched a new funding initiative to encourage developers to build on the Soroban smart contract platform, which officially went live on Futurenet...Continue Reading

The upgrade is intended to fix the exploit that drained the platform of $100 million. A hard fork to the BNB Smart Chain, the blockchain of crypto exchange Binance, will take place as a fix for the exploit that drained the platform of an estimated $100 million on Oct. 6, according to a post on GitHub. ...Continue Reading

Similar to its December 2021 rejection of a WisdomTree spot Bitcoin investment vehicle, the SEC cited concerns about fraud and market manipulation. The United States Securities and Exchange Commission, or SEC, has disapproved of a rule change that would allow exchange-traded fund (ETF)provider WisdomTree to list and trade shares of a Bitcoin ETF. According to...Continue Reading