Decentralized Exchange Velocore Confirms Breach, Reports $6.8 Million in Financial Losses
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Decentralized Exchange Velocore Confirms Breach, Reports $6.8 Million in Financial Losses

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/

Woman Sentenced to 9 Years in Prison for Crypto-Funded Murder-for-Hire Scheme
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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/

Mexican Billionaire Ricardo Salinas Urges Followers to Buy Bitcoin as Nigerian Naira Falls Under a Satoshi
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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/

Google Partners With Magic Leap to Bolster the Potential of Augmented Reality Technologies
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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/

Juno Addresses Banking Service Disruption — ‘This Is Outside Our Control’
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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
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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/