At the beginning of August, Poly Network was hacked, with the platform losing $610 million in tokens; this hack is known to be the largest in DeFi history. The hack had occurred because the insider noticed some flaws in...
To combat the issue of money laundering that has proliferated the scene, major players in the Bitcoin ATM sector decided to come together and brainstorm on important steps that must be taken. They agreed on the creation of an...
Liquid Exchange was a victim of a nasty hack attempt in August, which left them short of $97 million in tokens. Several cryptos like BTC, ETH, and USDT, were stolen by the hackers. The team behind the exchange has...
Polygon has announced plans to form a decentralized autonomous organization (DAO) for all of its community members, including projects in decentralized finance (DeFi). The Ethereum scalability infrastructure developer made the announcement last week, calling on its members to express...
El-Salvador’s Finance Minister, Alejandro Zelaya has said the use of Bitcoin as a payment method in the country will be fully optional. According to him, it is not compulsory for citizens to download the state-offered wallet. The Minister said...
Crypto.com, a digital asset exchange and service provider is now helping institutional clients in over 60 countries make withdrawals in U.S. dollars. The exchange is doing this by leveraging Circle’s API, through a partnership, to expand fiat functionality for...
The largest hack in the history of DeFi has hit cross-chain protocol Poly Network, a development that has seen the firm lose $612 million in multiple cryptocurrencies. “We are sorry to announce that #PolyNetwork was attacked on @BinanceChain @ethereum...
The Poly Network hacker has now returned $258 million to the cross-chain DeFi protocol, also noting that the attack could have been way bigger. Announcing the massive hack, Poly Network tweeted, “We are sorry to announce that Poly Network...
The Ethereum Improvement Proposal 1559 was ushered Thursday with the full activation of the London Hard Fork. The news of the software upgrade triggered a positive move in the price of Ether. ETH soared to about $2800, gaining 4.8%...
The cryptocurrency industry seems to be growing in an incredible fashion. This follows a remarkable move by Wells Fargo, a top multinational financial services company to roll out Bitcoin and other crypto-based services to its wealthy clients. Wells Fargo...
