Users of the decentralized finance (DeFi) project, Hope Finance, powered by Arbitrum, are currently out of funds following a $2 million smart contract exploit. Web3 security company CertiK confirmed the incident following a tweet from the Hope Finance Twitter...
According to Reuters, Finance Ministers and Central Bank Governors of the G20 countries will meet in India to discuss pressing issues such as cryptocurrency, debt, and global inflation in various countries. The officials will convene at the Nandi Hills...
The ongoing regulatory crackdown on the cryptocurrency market in the US is starting to hurt institutional investors, as evidenced by the record-breaking weekly outflow of funds for investments in digital assets. CoinShares, a crypto fund management firm, reported a...
The Chinese government is supporting Hong Kong's goal of becoming a hub for cryptocurrencies. According to reports, Beijing's mainland government may be tacitly accepting the initiative. Contrary to China's extensive cryptocurrency ban, Hong Kong's government raised the notion of...
Gateway.fm, a decentralized blockchain infrastructure node provider, has raised $4.6 million in a combined seed fundraising round led by Lemniscap. Other investors included CMT Digital Ventures, the LAO DAO, Folius Ventures, the Fantom Foundation, and Unstoppable Domains Ventures. According...
OKX, a cryptocurrency exchange, has released its fourth monthly Proof-of-Reserves (PoR) report, showing $8.6 billion in clean assets, including BTC, ETH, and USDT. This figure represents a 15% increase from January's reserve report of $7.5 billion. The report shows...
Hong Kong Security and Futures Commission (SFC) launched a public consultation on the requirements for operators of virtual assets such as cryptocurrencies. This follows after the introduction of a license requirement for all virtual asset services providers in Hong...
The cryptocurrency industry has mocked a recently filed Illinois Senate Bill for its unfeasible plans to compel blockchain miners and validators to undertake impractical things like reverse transactions if so directed by a state court. Robert Peters, an Illinois...
Crypto hedge fund Galois Capital is reportedly closing down in the wake of the collapse of cryptocurrency exchange FTX, which caused a wave of contagion in the industry. According to reports, the firm had over 50% of its assets...
WEMIX, a gaming protocol has unveiled the WEMIX Kanvas, an Ethereum-based Layer 2 chain based on the work of the Ethereum Virtual Machine (EVM)-equivalent Zero Knowledge (ZK) Rollup. The launch is part of the protocol’s plan to build a...
