Leading Ethereum-based DeFi tokens have suffered a significant downturn in the last couple of days amid fears that followed last weekend’s Curve Finance hack. Curve Finance is the second-largest decentralized exchange for stable swaps on Ethereum after Uniswap, with total deposits worth $2.09 billion, per DeFiLlama data. The protocol was hacked on July 30, which saw attackers make off with…
Israel is set to introduce more regulated cryptocurrency opportunities, with the country’s only public stock exchange preparing to offer new crypto services. Tel Aviv Stock Exchange (TASE) has signed an agreement with the digital asset platform Fireblocks to jointly offer a range of new digital asset products and services. Announcing the news on Aug. 1, TASE noted that the new…
Robinhood, the crypto-friendly online trading platform, has experienced a significant 18% decrease in crypto trading revenue in the second quarter, as revealed in its latest earnings release. Those revenues fell to $31 million in the second quarter, making up 16% of the total trading revenue. These revenues stood at $38 million in the previous quarter. Crypto trading wasn’t the only…
eToro’s Australian division is in hot water after the Australian Securities and Investments Commission (ASIC) slapped it with a lawsuit alleging the social trading platform improperly allowed a wide range of retail clients to use a high-risk and volatile product. In a statement Thursday, the regulator said it is taking eToro Aus Capital Limited to court over the appropriateness of…
The study also questioned whether FTX or Alameda had any role in coordinating Twitter bot activity for its own gain. Source: https://cointelegraph.com/public/index.php/news/elon-musk-tweets-twitter-bots-influenced-altcoin-prices
In the process of stopping over 1.5 million cyberattacks between March to May, the cybersecurity arm of the defunct smartphone goliath BlackBerry identified malware families that actively try to hijack computers to mine or steal cryptocurrencies. The three industries most affected by cyberattacks are finance, healthcare and government, according to the BlackBerry report. A commodity malware named RedLine is one…
BlockFi’s reorganization is gradually progressing, with the company revealing that the United States Bankruptcy Court for the District of New Jersey has conditionally approved its disclosure statement. BlockFi and the Official Committee of Unsecured Creditors jointly issued a statement on Aug. 2, 2023, urging all eligible parties to vote to accept the plan by the Sept. 11 voting deadline. The…
Hong Kong is expanding cryptocurrency trading exposure to individual investors, with at least one exchange getting the regulatory green light to offer such services. Local digital asset firm HashKey has successfully obtained all necessary licensing to expand its business from serving professional investors to taking on retail users. HashKey’s new regulatory milestone has been enabled through the upgrade of two…
Crypto-spouting Twitter bots could be playing a much larger role in artificially inflating the price of altcoins than previously understood, a new study has suggested. Using a sample of various FTX-listed cryptocurrencies in a study published Aug. 2, the Network Contagion Research Institute (NCRI) said it analyzed over 3 million tweets posted between Jan. 1, 2019, to Jan. 27, 2023, surrounding 18…
A number of United States’ lawmakers have urged the Internal Revenue Service (IRS) and the Treasury to speed up the closure of tax loopholes being exploited by “crypto tax evaders.” In an Aug. 1 letter, Democratic Senators Elizabeth Warren, Bernie Sanders, Bob Casey and Richard Blumenthal warned the top officials of both agencies that they must swiftly act on new…
