DeFi project Swerve Finance is under governance attack, with the involved exploiter looking to steal over $1.3 million in various stablecoins. But what’s a governance attack? This type of attack involves a hacker taking control of adequate voting power to pass proposals…
Bitcoin (BTC) has fallen sharply in the last 24 hours, with the price falling from an intraday high of $28,534.34 to an intraday low of $27,541.67 due to bear dominance. As of press time, the bears were still in control of the…
The total crypto market capitalization has increased by 0.8% to $1.17 trillion, following net inflows of $9.79 billion in the past 24 hours. During this period, the top ten crypto assets by market cap posted mixed results, with Dogecoin and Cardano being…
Key Insights: CAKE price drops after a failed attempt to break the resistance level. Traders should monitor support levels and consider buying in during rebounds. Aroon up and Vortex Indicator suggests a cautious approach before purchasing. Bullishness in the PancakeSwap (CAKE) market…
On March 22, the FTX team agreed to start the recovery of $460 million invested by Sam Bankman Fried in a venture capital Modulo Group. The funds were wired by the FTX affiliate company Alameda research in 2022. Based on the FTX…
The prominent American venture capitalist and crypto entrepreneur Tim Draper presented his speech at the 2023 Blockchain week in Paris. In his statement, Draper recited a Bitcoin song he had composed to narrate investors’ loss of confidence in banking. Draper’s piece, “The…
Dante Disparte, the chief strategy officer at Circle Internet Financial Ltd., has confirmed that his Twitter account has been hacked. The Circle team tweeted on March 22 revealed that bad actors compromised Disparte’s Twitter profile to promote fake USD Coins. The hackers…
The embattled crypto exchange Bitzlato has activated the user interface to allow consumers to withdraw 50% of their Bitcoin assets. The Bitzlato team has encouraged users to use the Telegram bot and Phoenix bots to withdraw their frozen assets. A telegram statement…
There are still layers of information that are to be unfolding on the matter of the biggest banking failure in the history of the USA. One such revelation has been published recently about Signature Bank. The secret report has suggested that the…
Introduction Cryptoeconomics is a field of study that combines cryptography and economics to design and analyze decentralized systems, such as cryptocurrencies and blockchain networks. It aims to create incentives that encourage desirable behaviors in a decentralized system, and discourage undesirable behaviors. Cryptoeconomics…
The UK-based lending platform Euler Finance has been holding private meetings with the exploiters who stole $196 million. The March 16 flash loan attack prompted the Euler team to develop strategies to recover the stolen amount that has started to bear fruits….
The Monetary Authority of Singapore (MAS) regulators issued a press release on March 20 revealing plans to publish the final crypto and stablecoin consultation report. The MAS report revealed that the consultation report is expected to be posted by mid-2023. The proposed…
Introduction Spoofing in trading is a manipulative technique used to create a false impression of supply or demand in a market. It involves placing large orders to buy or sell a security with the intention of canceling them before they are executed….
Stargate Foundation has been advised by FTX liquidators to avoid its DAO (Decentralized Autonomous Organization) from reissuing the STF token. Stargate Finance (STG) token is the native token of the Stargate Foundation. FTX liquidators believe that reissuing the STF token would cause…
Governor of South Dakota, Kristi Noem, has decided to take a stand against a CBDC bill that has rejected the status of cryptocurrencies as money. The bill postulates that only CBDCs that are issued by the Central Bank are going to be…
A report from the Financial Supervisory Commission of Taiwan (FSC) issued on March 20 revealed that the formulation of the crypto regulatory framework is at its preliminary stage. The report stated that the FSC is tasked to oversee the operation of Taiwan’s…
On March 20, members of the Australian Banking Association(ABA) issued a report on a study conducted to investigate the impact of Covid-19 and macroeconomic pressure on the cost of living in the region. The study aimed to support ABA groups and legislators…
Brave Browser has introduced some important innovations in recent years. The project has advertised to its clients by offering data privacy and more control over advertisement exposure. The users of this browser service can benefit from important features for cryptocurrency access, such…
The banking and financial sector in the USA is currently in a state of fear and uncertainty. The chain of unfortunate events started with the voluntary bankruptcy filing of Silvergate. This incident was shortly followed by Silicon Valley Bank, which was sealed…
On March 17, the Europe-based software development company Albacore updated the Twitter community on the unexpected entrance of Microsoft into the crypto world. The tweet revealed that the American-based software company Microsoft had developed a unique digital wallet centered on its Edge…
