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Latest Blockchain and Crypto News

Avalanche Nereus Finance

Avalanche Faced a $371,000 Flash Loan Attack


Blockchain protocol Avalanche saw a flash loan attack of $371,000 worth of USDC stablecoins. According to blockchain security company Certik, the hack possibly impacted lending protocol Nereus, decentralized trading Trader Joe, and automated market maker Curve Finance. Later, Nereus Finance...


Buterin asked subscribers about the fair price of ENS domains


Vitalik Buterin asked his Twitter followers how much they consider fair to register a domain in the Ethereum Name Service (ENS) system. 91,130 people took part in the survey. Of these, 49.8% felt that the acceptable cost of registering and owning a five-character ENS domain for 100 years should not...


The capitalization of the crypto market fell by more than 6% in a day


According to the CoinGecko service, over the past 24 hours, the capitalization of the cryptocurrency market has decreased by another 6% to $940.248 billion. Bitcoin (BTC) and Ethereum (ETH) fell 5% to $18,795 and $1,517, respectively. Cardano (ADA), Solana (SOL) and Dogecoin (DOGE) retraced 8% to...

Three Arrows Capital Crypto

Bankrupt Hedge Fund 3AC Withdraws $45 M from Curve and Convex


Cryptocurrency hedge fund Three Arrows Capital withdrew $45 M from deposits it staked on DeFi platforms Curve, and Convex earlier. According to the blockchain analytics platform Nansen, a wallet that belongs to the company removed around 20,945 staked Eth worth around $33.3 M from Curve. Also, the...

SEBA Bank Ethereum staking

SEBA Bank Launched Ethereum Staking for Institutions


Swiss Bank SEBA has launched Ethereum staking services for institutional clients before the expected Merge event, scheduled for this month. The offering allows users of the bank to receive rewards on their holdings on a monthly basis. According to the statement, variable lock-up intervals will be...

KPMG blockchain crypto

Crypto Will Continue to See Decline in Investments: KPMG


International audit, tax, and advisory services provider KPMG predicts a slowdown in crypto investments for the next months of 2022. According to a report on the performance of fintech companies in the first half of 2022 by KPMG, the blockchain/crypto sector still sees big deals. KPMG mentioned...


Indian banks and companies to take part in digital rupee testing


The Reserve Bank of India wants to involve fintech companies and commercial banks in testing CBDC. In March, the Ministry of Finance announced that the Central Bank token could be launched as early as 2022. According to the local publication Moneycontrol, the regulator has begun negotiations with...

Charles Hoskinson Ethereum Classic

Charles Hoskinson Says Ethereum Classic Is a Dead Project


Charles Hoskinson, a co-founder of the Cardano blockchain protocol, finds that Ethereum Classic is a dead project. He shared this opinion while responding to a user tweet on the rejection of his recent proposal to make changes to the ETC's treasury fund. The Cardano executive recommended changing...

crypto mining Armenia

Armenia Might Become the Next Bitcoin Mining Hub


Armenia, a country at the crossroads between Europe and Asia increases its Bitcoin mining capacity. Recently, the digital platform ECOS revealed adding 60 megawatts of capacity to its mining facility running from 2018. Processing at one of the hydroelectric plants on the Hrazdan river, the mining...

LG electronics

LG Electronics launches NFT platform based on Hedera Hashgraph


The South Korean corporation LG Electronics has launched an NFT platform with the support of Hedera developers. LG Art Lab allows users to buy, sell and display digital collectibles through TVs. “All LG products running webOS 5.0 will be able to interact with the app,” the announcement...

Crypto mining Poolin

Mining Pool Poolin Halts Withdrawals Because of Liquidity Crisis


Cryptocurrency mining pool Poolin announced that its service PoolinWallet is halting all withdrawals, flash trades, and internal transfers within the system from September 5. According to the company, the aim is to preserve assets and stabilize liquidity along with operations amid the dull market....

Binance USDC

Binance Stops Supporting the USDC Stablecoin


Leading crypto exchange Binance revealed stopping support for the second largest stablecoin USDC. According to a press release, the platform will exchange users' holdings to its Binance USD in an automated way. Binance will no longer offer USDC Savings and DeFi Staking options, and all USDC...

Australia Police Crypto

Australian State Police Establishes a Crypto Unit


Australian law enforcement is working to increase crypto expertise and monitor transactions by forming a dedicated police group. According to the Australian Financial Review, the Australian Federal Police (AFP) reached its aiml to raise $600 M from illicit money transfers. This is despite the...


The Acala team has released a full report on the aUSD incident


As of September 5, 52 million erroneously issued aUSD coins remain in the network. In total, 281 addresses were involved in the incident, according to the report of the Acala parachain team. In August, a bug in the iBTC/aUSD liquidity pool smart contract led to the issuance of a “significant...

UK regulations sanctions

UK Regulator Warns Crypto Exchanges to Report Sanction Breaches


New rules by the UK Office of Financial Sanctions Implementation (OFSI) of Her Majesty’s Treasury define that crypto exchanges should report and freeze accounts suspected of avoiding Russian sanctions or potentially facing criminal charges. The announcement by the financial authority says payment...


Miners sold approximately 4586 bitcoins in three days


Bitcoin was above $20,000 on Friday. The BTC rate peaked at $20,407 at the start of the American session, but it dropped to $19,663 by Saturday, September 3, night. The market has not changed significantly over the last two days, and Bitcoin is starting a new week below the psychological threshold...

Saudi Arabia crypto

Saudi Arabia CB Appoints a Crypto Chief


Saudi Arabia’s Central Bank assigned a lead for virtual assets and the digital currency program to bring its cryptocurrency goals into reality. Previously, officials of the country expressed worries about the speculative nature of digital assets. According to Bloomberg, the head of the program is...

Brad Sherman Congress

US Congressman Finds There's Too Much Money Behind Crypto to Ban It


US Senator Brad Sherman says the Senate hasn't banned cryptocurrencies because there's too much money and power behind them. According to him, money used for lobbying and campaigns work otherwise people wouldn't enter the sector, and it's the reason why the US hasn't banned crypto. The lawmaker...

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