The decentralized exchange Velocore confirmed a breach on its platform on June 2, during which attackers stole ethereum tokens worth an estimated $6.8 to $10 million. The Velocore team is actively pursuing the hackers and is open to negotiating a settlement. Hackers Exploited Vulnerabilities Within the CPMM Pool Contract The decentralized exchange Velocore on Zksync […] Source: https://news.bitcoin.com/decentralized-exchange-velocore-confirms-breach-reports-6-8-million-in-financial-losses/
Month: June 2024
China and UAE Praise Potential Role of CBDCs in Cross-Border Trade
China and the United Arab Emirates (UAE) have acknowledged the crucial role of central bank digital currency (CBDC) in facilitating cross-border trade and investment. In a joint statement, the two countries expressed their commitment to deepening bilateral and multilateral cooperation with respect to their CBDCs. China also expressed appreciation for the UAE’s recent direct cross-border […] Source: https://news.bitcoin.com/china-and-uae-praise-potential-role-of-cbdcs-in-cross-border-trade/
Why Ethereum ETF day one inflow won’t be like Bitcoin — Fireblocks MD
Stephen Richardson’s view aligns with Bloomberg’s ETF analysts, who expect the spot Ether ETFs to capture 10-20% of the flows that Bitcoin ETFs did at launch. Source: https://cointelegraph.com/news/spot-ether-etf-challenges-lie-ahead-valuation-problems-fireblocks
Mexican Billionaire Ricardo Salinas Urges Followers to Buy Bitcoin as Nigerian Naira Falls Under a Satoshi
Ricardo Salinas Pliego, one of the wealthiest billionaires in Mexico, has urged his followers to purchase Bitcoin as a hedge against the devaluation of fiat currencies. Salinas Pliego recommended purchasing bitcoin in response to a social media post reporting on the fall of the value of the Nigerian naira under a satoshi. Mexican Billionaire Ricardo […] Source: https://news.bitcoin.com/mexican-billionaire-ricardo-salinas-urges-followers-to-buy-bitcoin-as-nigerian-naira-falls-under-a-satoshi/
Nirvana Finance founder recounts the ‘worst day’ of his life
Cointelegraph speaks to the once-anonymous founder of Nirvana Finance, revealing how one random Telegram message led to the capture of the exploiter that stole $3.5 million from the protocol. Source: https://cointelegraph.com/news/nirvana-finance-founder-hoffman-2022-exploit-shook-his-world
Google Partners With Magic Leap to Bolster the Potential of Augmented Reality Technologies
One of the leaders in the augmented reality industry, Magic Leap, announced on May 30 that it had partnered with Google to enhance the potential of augmented reality technologies. This new collaboration aims to release unique product offerings while further expanding the longstanding relationship between the two companies. Magic Leap’s Optics Expertise Combined With Google’s […] Source: https://news.bitcoin.com/google-partners-with-magic-leap-to-bolster-the-potential-of-augmented-reality-technologies/
Linea blockchain halt highlights slow decentralization of Ethereum L2s
Linea said it halted the sequencer as a “last resort” action to prevent additional funds from bridging out but intends to decentralize in the near future. Source: https://cointelegraph.com/news/linea-hack-highlights-need-for-decentralization-on-ethereum-layer-twos
GameStop rallies overnight as Roaring Kitty reveals $180M GME position
Keith Gill, the trader linked to the 2021 GME short squeeze, has returned to Reddit claiming he’s made a big bet on GameStop, sending the stock’s price surging overnight markets. Source: https://cointelegraph.com/news/gamestop-gme-memestock-surges-keith-gill-roaring-kitty-discloses-shares
Hong Kong Police Warn of Spike in Counterfeit Banknotes Used in Cryptocurrency Scams
Hong Kong police have issued a warning over the rise in counterfeit banknotes, with many cases linked to cryptocurrency scams. Between January and April, authorities seized 3,396 fake notes valued at HK$2.55 million (US$326,130), a significant increase from last year’s 553 notes worth HK$166,220. Three major cryptocurrency-related fraud cases led to the confiscation of 1,693 […] Source: https://news.bitcoin.com/hong-kong-police-warn-of-spike-in-counterfeit-banknotes-used-in-cryptocurrency-scams/
Latam Insights: Paraguay Shuts Down Largest Illegal Bitcoin Mining Farm to Date, Argentina and El Salvador Discuss Bitcoin
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguay shut down the largest illegal bitcoin mining operation to date, Argentine and Salvadoran officials met to discuss bitcoin issues, and Ocean launched a global hub in El Salvador. Paraguayan Authorities Shut Down […] Source: https://news.bitcoin.com/latam-insights-paraguay-shuts-down-largest-illegal-bitcoin-mining-farm-to-date-argentina-and-el-salvador-discuss-bitcoin/