Galoy, the company that created the open-source banking architecture on which El Salvador's Bitcoin Beach Wallet is based, has announced plans to launch Stablesats, a Bitcoin-backed synthetic dollar product. Stablesats is an open-source system designed to be a viable...
The Nomad cross-chain bridge was hacked on Monday, August 1, but some hackers have returned almost $16.6 million of the stolen assets at the time of writing. During the two-hour attack, Nomad's holdings fell by 99%, from $190.7 million...
A hacker has drained over 8,00 Solana wallets of nearly $6 million (£4.9 million) in assets. The news of this negative event echoed throughout the crypto space, sparking different speculations and reports on the root cause of the attack. ...
Oxford City Football Club, a football club in the United Kingdom, has joined the ranks of sports teams that are adopting cryptocurrencies in different capacities. The National League's football club intends to accept BTC as one of its payment...
Residents of Santa Lucia, a town in Honduras, are trying to attract crypto investors to tour the region through its Bitcoin Valley initiative. As part of this program, some residents are accepting Bitcoin as a means of payment for...
According to the U.S. Securities and Exchange Commission (SEC), eleven individuals who ran and marketed the cryptocurrency company Forsage stand accused of running a Ponzi scheme that generated more than $300 million from millions of investors in the U.S....
Brazilian challenger bank Nubank has acquired 1 million bitcoin users in Brazil since launching its cryptocurrency offering at the end of June. The milestone achievement came three weeks after Neobank made Bitcoin and Ethereum available to all its 60...
The chair of the Senate Banking Committee, Senator Sherrod Brown, has requested that Google and Apple disclose more information about the countermeasures they employ to ensure that some apps do not promote cryptocurrency scams. In letters addressed to Alphabet,...
Industry participants may be forgiven for assuming that specific sectors, such as DeFi and Web3, are in jeopardy given the recent wave of events rocking the entire crypto industry. Deploying capital while uncertainty looms is not without inherent risks...
Blockchain data reveals that Nirvana Finance, a Solana-based yield protocol, was hacked for $3.5 million using flash loans to manipulate and deplete its liquidity pools. The price of the protocol’s native token, ANA, has declined by over 80% in...
