Perhaps the DeFi protocol should have fixed the problem before announcing it existed Decentralized finance (DeFI) protocol and Ethereum automated market maker Balancer confirmed on August 27 in an X post that it was exploited for nearly $900,000. The breach came a few days after it revealed several pools were affected by a vulnerability. Meier
The cloud storage service believes crypto miners are taking advantage of its generosity Dropbox has switched its platform to metered storage after recently discovering its Advanced plan was utilized for resources-intensive tasks like crypto mining. In a blog post on August 24, the online storage platform said its unlimited Advanced plan has instead shifted to
The cryptocurrency exchange is pulling back amid significant changes in the global market Binance has announced suspending its crypto debit card services in Latin America and the Middle East beginning on August 25. The crypto exchange didn’t reveal exactly why it’s ending the service, claiming it would only impact 1% of users in the regions.
Should a Republican take the White House, cryptocurrency could become a reality The Republican Presidential debate on August 23 will be attended by Florida Gov. Ron DeSantis and businessman Vivek Ramaswamy, with Miami Mayor Francis Suarez apparently not making an appearance. 2024 Republican presidential candidates who have publicly voiced support or contempt for specific cryptocurrency-related
The platform will no longer be a stand-alone entity Coinbase and Circle released the same statements on their blogs on August 21, redefining the companies’ relationship. The two are responsible for launching the USD Coin stablecoin and previously managed the token via the Centre Consortium. The Centre Consortium “will no longer exist as a stand-alone
Checkout.com doesn’t want to work with the cryptocurrency exchange anymore The Binance cryptocurrency exchange is contemplating legal action against former payment provider Checkout.com. According to a spokesperson’s statement on August 18, the company isn’t pleased with the provider’s decision to walk away and break its contract. The possible legal conflict emerged after letters from Checkout.com
Not enough crypto fans have bought into the stablecoin alternative Stablecoin Tether has cited a lack of interest in the Bitcoin Omni Layer version of its stablecoin, and will discontinue issuing tokens. The version of Tether was among the first stablecoins developed. In an announcement on August 17, the team said the Bitcoin Cash and
Cryptocurrency miners may be able to improve their efforts using artificial intelligence Francesco Gardin, the CEO of Quantum Blockchain Technologies (QBT), recently announced in an interview with Cointelegraph that the UK research company is revolutionizing cryptocurrency mining through artificial intelligence (AI). It has reportedly developed AI-powered search algorithms that could significantly increase the winning probability
The Securities and Exchange Commission makes a surprising move to support the crypto space On Wednesday, Coinbase Global (COIN.O) revealed it had gained approval to offer cryptocurrency futures to retail customers in the U.S. This is a major regulatory win for the online crypto service as it fights a Securities and Exchange Commission (SEC) lawsuit.
The writing was already on the wall, but the company confirmed it’s going bust Prime Trust, a crypto custodian, has filed for Chapter 11 bankruptcy protection in Delaware after a recent shortfall in customer funds. According to a filing on August 15, the company has between 25,000 and 50,000 creditors, with estimated liabilities of between
The payments platform steps deeper into the crypto space with a new tool PayPal is taking another step forward with its plans to embrace cryptocurrency. The new Cryptocurrencies Hub is crucial to PayPal’s plan to reinvent the platform as crypto-inclusive and will allow users to buy and sell cryptocurrencies, among other features. The online payments
Crypto fans need to be extremely cautious with their holdings Digital asset infrastructure corporation Fireblocks has disclosed that more than 15 leading online crypto wallet providers have serious vulnerabilities that could potentially put millions of customer accounts at risk. Crypto fans should take note and protect their assets more than ever. Fireblocks said in an
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