DeFi Archives - Page 28 Of 32

Blockchain

Crypto Community Slams WazirX’s ‘Socialized Losses’ Plan After Hack

August 4, 2024 Paulo

WazirX’s “socialized losses” plan after a $230M hack sparks outrage among users, demanding improved security and transparency from the exchange.

Cinematic illustration of digital stablecoins flowing through a futuristic global payment network built on blockchain.

Jerome Powell’s Crucial Statements Send Ripples Through Crypto Market, Shiba Inu Eyes Birthday Rally, Here’s How Much Bitcoin BlackRock Currently Holds

August 4, 2024 Paulo

Jerome Powell’s statements ripple through the crypto market; Shiba Inu eyes a birthday rally; Discover BlackRock’s current Bitcoin holdings.

A chart illustrating Bitcoin's price drop below $63,000.

Bitcoin Slumps Below $63K, Altcoins Rekt, as Crypto Succumbs to Risk-Off Mood

August 3, 2024 Paulo

Bitcoin drops below $63K amid an equity market slump and large crypto movements from Genesis Trading wallets, significantly impacting major altcoins.

Blockchain

Genesis Concludes Bankruptcy with $4 Billion Creditor Payout

August 3, 2024 Paulo

Genesis Global has begun disbursing $4 billion in creditor payouts following its restructuring, with varying recovery rates across different crypto assets.

Ben Armstrong, known as BitBoy Crypto, at a crypto event

Ben ‘BitBoy’ Armstrong’s Former Company Subpoenaed in CFTC Fraud Probe

August 3, 2024 Paulo

The CFTC has subpoenaed Hit Network, a former company of Ben Armstrong , amid a fraud investigation involving 15 cryptocurrencies, including memecoin BEN.

Futuristic illustration of an Ethereum-powered tech conference set in Mumbai’s skyline

Genesis Transfers $3 Billion Worth of Crypto Amid Bankruptcy

August 2, 2024 Paulo

Genesis Trading transfers $3 billion in Bitcoin and Ethereum amid bankruptcy to manage creditor repayments and financial restructuring efforts.

Crypto Hackers Stole $266M in July Across 16 Breaches: PeckShield

August 1, 2024 Paulo

The crypto sector faced significant losses in July as hackers stole approximately $266 million through 16 separate breaches, with WazirX being the hardest hit.

European regulators discussing mandatory cybersecurity audits for crypto firms

Tether CEO Warns MiCA Stablecoin Rules Could Pose ‘Systemic Risks’ to EU Banks

July 26, 2024 Paulo

Tether CEO Paolo Ardoino warns that Europe’s MiCA stablecoin regulations could create systemic risks for EU banks due to excessive cash reserve requirements.

Russia Mulls Launching Tokens Backed by Cenbank-Owned Gold

July 26, 2024 Paulo

Russia explores gold-backed tokenized assets for cross-border trades, with plans for broader testing and availability by the end of the year.

State of Michigan Retirement System invests $6.6 million in ARK 21Shares Bitcoin ETF

Michigan Adds $6.6M in Bitcoin ETFs to Pension Fund

July 26, 2024 Paulo

Michigan’s pension fund invests $6.6M in Bitcoin ETFs, highlighting the growing institutional adoption of digital assets and the rise of crypto investments.