Former Mayor Eric Adams’ NYC Token Project Accused of “Rug Pull”
A cryptocurrency project centered on a "NYC Token" is facing severe scrutiny following allegations of mismanagement and a significant liquidity withdrawal. The project, which claims its concept was hijacked by former New York City Mayor Eric Adams' administration, is now at
Wormhole Hacked And Funds Restored
The Wormhole bridge linking the Ethereum and Solana blockchains suffered an exploit that resulted in $320 Million being stolen from the platform. The exploit was marked as the second-largest decentralized finance (DeFi) hack after the Poly Network hack last year. The platform
Buterin Shares Insight How Ethereum Reaches Scalability
The co-founder of Ethereum, Vitalik Buterin, has shared his vision with everyone for Ethereum 2.0. The journey towards ETH 2.0 has been long since it started in November 2020 and the network is yet to achieve scalability. Buterin has now presented
White Hat Hacker Receives $1.05 Million For Identifying Bug
Hacking attacks or attempts in the DeFi space have been on the rise this year. However, white hat hackers have stepped in attempting to help eliminate potentially nasty situations. Recently, the largest bounty to have ever been paid to a white
Bank of England Says Crypto Rules A ‘Matter of Urgency’
Sir Jon Cunliffe, the Deputy Governor for Financial Stability at the Bank of England, has issued several recommendations on creating a stable crypto climate. The executive stated that a crash in cryptocurrency prices was “plausible” and that rules regarding crypto assets
Bitfinex Launches First Bridge Connecting CeFi & DeFi
Cryptocurrency exchange, Bitfinex, has announced the launch of a service that will act as a bridge between the centralized mode of operation of the exchange with the decentralized Layer 2 trading consensus and DeversiFi. In the announcement, Bitfinex stated this is
SEC Chair Advocates For Crypto to Exist Within Public Policies
The Chief of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has stated that digital assets cannot exist outside the public policy framework. According to Gensler, the finance sector is all about trust and for this reason, crypto assets need
mStable Deploys on Polygon
mStable has gone live on Polygon by launching a savings account, stablecoin, and swap services. mStable is looking towards exploiting the layer two solution from Polygon that will reduce fees for DeFi users. mStable, a DeFi yield protocol, has launched on
Binance Labs Leads Funding For Mound
https://twitter.com/binance/status/1381806991345999882 DeFi startup, Mound, has raised $1.6 Million in a funding round spearheaded by Binance Labs. The investment will be used to boost the development of 'Pancake Bunny.' Binance Labs has announced that it led the funding round to support Mound, the
Yearn.Finance Founder Launches New DeFi Protocol
Founder of Yearn.Finance, Andre Cronje, has announced the launch of an upcoming DeFi platform that allows different DeFi services on one service. “Deriswap allows for a consolidated, capital-efficient market for trading, Options, Futures, and Loans,” he said. When contacted for more information