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/
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/
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
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/
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
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 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
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 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/
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/
