Ethereum automated market maker (AMM) Balancer, has put out an official disclosure to confirm that it had been exploited for approximately $900,000 (USD). The news comes just days after the decentralized finance protocol highlighted a vulnerability affecting several of its pools. Blockchain security expert Meier Dolev identified an Ethereum address believed to belong to the […]
Why Is Hedera Price So Volatile? Understanding the Swings
The intriguing realm of cryptocurrencies has produced Bitcoin, Ethereum, Dogecoin, etc., including Hedera Hashgraph (Hedera). Hedera has taken the market by storm in recent years and sparked the interest of maximum investors to invest in it. However, as with all cryptocurrencies, price fluctuations are constant, and Hedera is no exception. This critical context has left […]
‘Breakthrough growth’ will be driven by Web3: HK financial secretary
Paul Chan says that blockchain and Web3 tech will be responsible for the next big wave of growth in Hong Kong’s digital tech sector. Hong Kong’s Financial Secretary, Paul Chan Mo-po has reiterated his support for blockchain technology, calling it the next wave of “breakthrough growth” in the digital technology industry in a recent blog […]
dYdX Founder: Focus on Overseas Markets Over US for Crypto
Crypto industry founder Antonio Juliano suggests targeting overseas markets due to US regulatory challenges, aiming for a 100x increase in the sector. Coinbase CEO Brian Armstrong predicts US adoption will improve by next year. (Read More)
India’s Prime Minister Calls for Global Crypto Framework With Focus on Unified Approach, Adoption, Democratization
India’s Prime Minister Narendra Modi says crypto needs “a global framework and regulations.” He stressed: “The rapid pace of change of technology is a reality — there is no point in ignoring it or wishing it away. Instead, the focus should be on adoption, democratization, and a unified approach.” Modi on Crypto Regulation Indian Prime […]
Friend.tech pronounced ‘dead’ after activity and fees tank
Buyers, sellers, inflows and transactions have all taken significant dives on the Friend.tech platform after its launch just over two weeks ago, prompting some critics to herald its death. Less than three weeks after its launch, the decentralized social network Friend.tech has already been declared “dead” by critics, following a recent drop in key metrics […]
OnlyFans’ parent company bought $20M of Ethereum as revenue surged
Fenix International, the parent company of OnlyFans purchased the cryptocurrency between 2021 and 2022. The parent company of subscription platform OnlyFans has become the latest firm to reveal its cryptocurrency holdings, showing it invested nearly $20 million into Ether (ETH) in 2022. According to an Aug. 24 financial filing to the UK corporate registry, Fenix […]
Oil Giants Joining BRICS a Strategic Success for China and Russia, Expert Says
A German expert says that the BRICS economic bloc adding several oil giants as new members “is a strategic success for China and Russia.” The BRICS leaders announced at their annual summit last week that they have invited Saudi Arabia, the UAE, Iran, Argentina, Egypt, and Ethiopia to join as new members. BRICS Adding 6 […]
Bitcoin accumulation sees slowdown amid August market downturn
Quick Take The Accumulation Trend Score, created by Glassnode, offers a detailed breakdown of the cryptocurrency acquisition behavior of different entity wallet cohorts. The algorithm calculates this score by evaluating the size of these cohorts and the quantity of Bitcoin they amassed during the last fortnight. A score closer to 1 implies that the entities […]
While Friend.tech booms, decentralized social has a retention problem — Execs
Decentralized social network Friend.tech may be booming right now, but execs say decentralized social media apps still have an onboarding and retention issue to fix. Despite the recent hype around riend.tech, some decentralized social networks are still having a tough time getting users to sign up and stay on their social media platforms. Two executives […]