Euler Finance Hack and more
This week, the Euler Finance protocol was hacked, resulting in the loss of millions of dollars in crypto. The attacker declined the protocol’s offer of withholding 10% and began shuffling the funds to obfuscate them. Read on to find out more.
Bitcoin
Bitcoin has broken the $25,000 mark large resistance level. However, the charts suggest it may be at or near its peak for now.
ether
Ethereum developers have completed the last round testing the network before the Shapella upgrade.
DeFi
The Euler Finance The protocol was hacked, stealing millions of dollars in $DAI, $USDC, $StETH, and $WBTC in a flash credit attack.
The hacker who exploited the Euler Finance protocol has rejected the platform’s offer to keep 10% by shuffling 1000 ETH into Tornado Cash.
The world’s largest decentralized exchange Uniswap has officially launched its services on the EVM-compatible smart contract blockchain BNB Chain.
altcoins
The Arbitrum Foundation announced plans to airdrop them new token ARB to the community on 23.
technology
Microsoft is reportedly testing the integration of a Web3 wallet into its Edge browser, according to software documenter and info leaker Albacore.
The Worldcoin project has announced the launch of World IDa digital identity solution powered by zero-knowledge proofs.
The European Union has a documentin particular The Common Union Toolbox for a Coordinated Approach Towards a European Digital Identity Framework: The European Digital Identity Wallet Architecture and Reference Framework, or ARF.
According to a Bloomberg report, Coinbase is exploring the possibility of a Crypto trading platform outside the US as part of an aggressive expansion campaign.
USDC stablecoin issuer Circle has stated as much turned off “substantially all” redemption and mint requests for USDC.
Innovation-focused fund manager Ark Invest has raised over $16 million for a new crypto fund that will be split between the company’s domestic version and its Cayman Islands version.
According to a statement from the New York-based Federal Reserve signature bankwhich had multiple customers in the cryptocurrency space was shut down by government regulators.
According to NYDFS, the closure of Signature Bank not related to its cryptocurrency businesses.
instability of the banking system caused widespread panic over the past few days as crypto networks continued their operations without interruption.
The Initiative to restore industry Launched by Binance after the FTX collapse, it is now transitioning from BUSD to BTC, ETH and BNB.
Circle has said it holds an undisclosed portion of its $9.8 billion cash reserves at the failed Silicon Valley Bank as of January 17, 2023.
regulation
Hong Kong is making significant strides towards becoming a global crypto hub with which latest developments This suggests that the city is positioning itself as an attractive destination for crypto-related businesses.
That’s what a class action lawsuit claims prominent financial YouTubers who promoted the FTX exchange on their channels should be held accountable.
Congressman Tom Emmer sent a letter to the FDIC chairman asking for it clarification that the FDIC has ordered banks not to offer banking services to crypto customers.
Former Lead Maintainer of Monero Riccardo Spagniwho was extradited to South Africa by the US in July last year was served with a denial for his appeal to have his extradition illegal.
The European Parliament voted in favour proposed legislation this will challenge the immutability of smart contracts.
The FBI is the newest agency to start with one investigative probe against Terraform Labs and its disgraced founder and CEO, Do Kwon.
Signature Bank has been called, and indeed was, the third largest “bank failure” in history solvent when taken by regulators on Sunday. Have Regulators Taken Their Chance To Cut Off Crypto Banking?
NFT
According to a recent announcement Meta has reached the end of the road for its NFT projects on Facebook and Instagram.
Security
NFT Marketplace Open sea recently fixed a vulnerability in their code that could be exploited to leak user data.
The Hedera Network stopped all access to its wallet and app during the investigation technical irregularitieswhich could be due to a possible exploit in its smart contracts.
Disclaimer: This article is for informational purposes only. It is not offered or intended to be relied upon as legal, tax, investment, financial or other advice.
