Month: April 2023

Only users who have traded on the decentralized exchange in the last four days are apparently affected. Source: https://cointelegraph.com/public/index.php/news/sushiswap-approval-bug-leads-to-3-3-million-exploit

The banking industry in the United States is still struggling after the collapse of three major banks. According to statistics, bank lending in the U.S. has dropped by close to $105 billion in the last two weeks of March, which is the largest decline on record. Additionally, Elon Musk, a Tesla executive and owner of Twitter, recently commented on trillions…

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A bug on a smart contract on the decentralized finance (DeFi) protocol SushiSwap led to over $3 million in losses in the early hours of April 9, according to several security reports on Twitter.  Blockchain security companies Certik Alert and Peckshield posted about an unusual activity related to the approval function in Sushi’s Router Processor 2 contract — a smart…

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Bitcoin stays stuck in an ever-decreasing trading range, but market participants are already eyeing a potentially explosive resolution for BTC price. Source: https://cointelegraph.com/public/index.php/news/bitcoin-traders-expect-big-move-next-as-btc-price-flatlines-at-28k

The U.S. Central Bank has issued an update regarding the Federal Reserve’s Fednow project, which is scheduled to commence in July. The Fed has responded to recent criticism of the Fednow service and asserts that the Fednow payment network is “neither a form of currency nor a step toward eliminating any form of payment, including cash.” Fednow Won’t Replace Cash,…

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The United States arm of global crypto exchange Binance has faced challenges in establishing a new bank partner. Source: https://cointelegraph.com/public/index.php/news/binance-us-unable-to-find-bank-partners-in-the-united-states-report

The United States dollar has been a hot topic in recent weeks, with multiple reported developments occurring globally which could signal significant moves toward de-dollarization in large economies. Former U.S. congressman Ron Paul also noted this week that if the USD’s influence as a reserve currency is undermined, it might happen later than some expect. All this and more, just…

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Sushi’s head chef Jared Grey and his counsel described the investigation as a “non-public, fact-finding inquiry” that doesn’t suggest the SEC has “any negative … Source: https://cointelegraph.com/public/index.php/news/sushi-s-head-chef-addresses-community-concerns-amid-sec-subpoena

Russia is now ranking second in terms of energy capacities engaged in the extraction of cryptocurrencies, new data suggests. Despite persisting regulatory uncertainty and the negative effects of sanctions, the amount of power devoted to the sector has been growing, reaching record highs this year. 1 GW of Electrical Power Involved in Crypto Mining in Russia During Q1 of 2023…

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A central bank digital currency (CBDC) may turn out to be the “single largest assault to financial privacy since the creation of the Bank Secrecy Act,” a policy analysis document released by CATO Institute has said. To stop the U.S. Federal Reserve and Treasury from threatening the financial system with the CBDC, the document said the U.S. Congress “should explicitly…

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