Pike Finance admits to error following $1.7 million exploit, denies fault of USDC

On May 1, DeFi protocol Pike Finance corrected its description of a recent exploit and said it was not caused by a USDC vulnerability, as previously stated. According to the company’s latest... Read more »

Bitcoin begins May with plunge to two-month low as crypto market sees widespread losses

The crypto market started the new month of May in red, with Bitcoin’s price plunging to a two-month low of under $56,500. This decline extends the downtrend from April, marking Bitcoin’smost challengingt... Read more »

Celsius Network burns entirety of its CEL holdings, eliminating 94% of total supply

Celsius Network burned its CEL holdings, representing the majority of the token supply, on April 30. Etherscan indicates the company burned 652.2 million CEL by sending it to a null address. The... Read more »

Hong Kong’s Bitcoin and Ethereum ETFs launch with lower than expected trading volumes

Hong Kong’s debut of Bitcoin and Ethereum exchange-traded funds (ETFs) commenced with modest trading volumes, tallying up to 87.58 million HKD, equivalent to $11.19 million, based on Hong Kong Stock Exchange data.... Read more »

Osmosis founder envisions Cosmos as Bitcoin’s application layer in DeFi future

In a recent episode of the SlateCast, Akiba and Nate welcomed Sunny Aggarwal, the founder of Osmosis, for an insightful discussion about the Cosmos ecosystem, the rise of hyperbitcoinization, and the future... Read more »

Navigating the Web3 startup landscape with limited funds

The following is a guest post by Nischal Shetty, co-founder and President at Shardeum. The bull market has shown signs of its arrival as the ecosystem looks forward to a market revival,... Read more »

UK law enforcement given new powers to seize, destroy digital assets linked to criminals

The UK government enacted new laws on April 26 that grant the National Crime Agency (NCA) and police enhanced powers to seize, freeze, and destroy digital assets linked to criminal activities. The... Read more »

How decentralized payments are a gateway to economic development

The following is a guest post by Alexander Mamasidikov, the CEO of CrossFi. The world of financial transactions is transforming, driven by the rising solutions in Web3 payments. While this evolution is... Read more »

Binance’s defense against SEC could be aided by Mango Markets case

Binance could strengthen its defense against the US Securities and Exchange Commission (SEC) by drawing on an unrelated case. On April 26, Binance and related parties filed a government document from an... Read more »

Warren calls on DOJ, NHS to crackdown on crypto payments for child sexual abuse material

US Senators Elizabeth Warren (D-Mass.) and Bill Cassidy (R-La.) are urging US authorities to crack down on the use of crypto in the illegal trade of child sexual abuse material (CSAM). The lawmakers... Read more »
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