Nonfungible token finance (NFT-Fi) protocol JPEG’d has confirmed that 5,495 Ether (ETH), worth roughly $10 million at current prices, has been returned by the Curve Finance hacker. In exchange for returning the funds that were stolen on July 30, the hacker received a 610.6 ETH ($1.1 million) bounty. JPEG’d exploit update: Seems 5495 ETH was returned just now for a…
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The $47 million Curve Finance exploit on July 30 had a domino effect on the DeFi ecosystem, mainly due to the $100 million loan taken out by the Curve founder against the…
Brian Armstrong, chief executive officer at Coinbase, has reportedly waffled about whether the cryptocurrency exchange plans to leave the United States amid regulatory uncertainty. According to an Aug. 4 report from the Financial Times, Armstrong said Coinbase was “staying in the United States” despite many other crypto firms considering leaving the country with the potential threat of legal action from…
This story comes from GG. Your Web3 Gaming Power-Up Discover GG MetalCore is an online shooter that combines Destiny’s open world with the intense mech combat of Titanfall—but with an NFT twist that allows you to own your vehicles and infantry characters. The aim in MetalCore is to complete missions, collect resources, and level up to craft vehicles, infantry characters,…
The next president of the United States is likely to be in favor of central bank digital currency (CBDC), crypto asset manager Grayscale observed in a post on its website, as the current frontrunners in both political parties have expressed their support for it. Neither seems to like Bitcoin. Joe Biden and Donald Trump currently have healthy leads in the…
The Twitter gripes continue. On Thursday, Jeremy Vaught, who ran the popular @Music Twitter account with nearly 500,000 followers, revealed that the company had seized the handle and will be using it for its own business purposes. Vaught tweeted a letter from the social media site’s management saying that the 16-year-old account would have its handle replaced with a new…
AI large language models raised over $25 billion in the first half of 2023. The industry is starting to look like a bubble that’s about to burst. Source: https://cointelegraph.com/news/ai-manias-coming-end
The U.S. Federal Deposit Insurance Corporation (FDIC) issued a cease and desist notice to Georgia-based technology company Unbanked, Inc. on Friday, citing false and misleading claims made by the crypto firm related to its insurance status. The FDIC alleges that Unbanked, which provided crypto debit card services, falsely implied that financial products, such as cryptocurrencies, are insured by the FDIC.…
Curve Finance pools were targeted by hackers in a reentrancy attack on July 30, sending shockwaves across the DeFi ecosystem. Cointelegraph compiled the week’s … Source: https://cointelegraph.com/news/curve-vyper-exploit-whole-story-so-far
The launch of the controversial digital ID crypto project, Worldcoin, has stirred up a wave of attention and debate. Led by Sam Altman, the CEO of OpenAI, Worldcoin made headlines with its promise to introduce a futuristic digital identity system based on iris scanning, differentiating humans from artificial intelligence (AI) entities. The process — proof-of-personhood — generates a unique World…
