Decentralized exchange dYdX recently fell victim to a targeted attack that resulted in losses amounting to $9 million. This incident has raised concerns about the security and integrity of decentralized exchanges and the broader crypto industry. In this article, we will critically analyze the dYdX hack, its impact on the Yearn.Finance (YFI) token, and the
Saturday November 18th, 2023 – Move over Rollbit as GameFi sensation TG.Casino raises $2.5 million after raising $300,000 in one day, leaving less than 50% of $TGC tokens available to buy in its ongoing presale. The breakout of GameFi tokens such as Rollbit’s $RLB has been one of the key outperformers in the 2023 crypto
The US Securities and Exchange Commission (SEC) has once again delayed its decisions on spot Bitcoin exchange-traded fund (ETF) applications, causing frustration and speculation within the crypto industry. This latest move by the SEC has extended the decision-making period for both Global X and Franklin Templeton’s applications, leaving the fate of a spot Bitcoin ETF
Tech firm Republic is on a mission to revolutionize the private market investing landscape with its revenue-sharing digital security, the Republic Note (R/Note). This innovative digital asset is backed by Republic’s impressive private equity portfolio, which boasts over 750 assets. The Republic Note aims to bring accessibility and inclusivity to private market investing, giving individual
In a recent filing with the Securities and Exchange Commission (SEC) on November 17th, Fidelity Investments, the third-largest asset manager globally, put forward a proposal for an Ethereum exchange-traded fund (ETF). This filing closely resembles Fidelity’s previous proposal for a Bitcoin ETF, highlighting the company’s interest in expanding its cryptocurrency offerings. Fidelity’s move comes shortly
In recent news, Bloomberg analyst Eric Balchunas reported on a significant development in the world of spot Bitcoin ETFs. It appears that securities regulators are instructing these applicants to handle funds in a specific way, favoring cash creates over in-kind creates. This new approach has the potential to impact the filings and timeline of several
Trading enthusiasts have witnessed a remarkable surge in the meme token BABYGORK, which has skyrocketed by an astounding 176% within the last 24 hours. Impressively, the token has experienced a substantial 10,000% gain since its listing on Uniswap merely yesterday. While these numbers may seem impressive, it is essential to approach this surge with caution
Hashkey Exchange, one of Hong Kong’s first regulated crypto exchanges, has recently announced an insurance coverage for its clients’ assets stored in its hot and cold wallets. This move aims to provide enhanced protection and meet the Securities and Futures Commission requirements. The policy will cover 50% of Hashkey’s digital assets in cold wallets and
The cryptocurrency market is witnessing a significant shift as Ethereum (ETH) holders are panic selling and diversifying into layer-1 altcoins like Solana (SOL) or Cardano (ADA). Concerns over ETH’s inability to outperform the market, coupled with the memories of its meteoric rise in the last bull cycle, have led investors to seek greener pastures. This
GS Partners, a company operating in several U.S. states, including California and Texas, has come under fire and faced a severe crackdown. Regulators have accused the company of defrauding cryptocurrency investors through various fraudulent schemes, violating securities laws in the process. The allegations are directed towards several entities associated with GS Partners, including GSB Gold