USB: Stabolut’s New Decentralized Stablecoin Powered by Bitcoin.
USB is a decentralized, Bitcoin backed stablecoin that’s dollar pegged using a new approach to retain its peg by shorting Bitcoin through a perpetual swap. Stabolut, a startup working on…
Whale Transfers 3.48 Trillion SHIB Worth $40.2M To Unidentified Wallet.
A single transaction involving 3.48 trillion Shiba Inu Coins was conducted by crypto whales. This trade took place before Binance removed SHIB from its .innovation zone.As the price of Bitcoin…
Crypto Exchange Bittrex Comes Under The SEC Scrutiny.
Bittrex was alerted by the enforcement division in March about probable SEC action.Bittrex agreed to pay $29 million last year to resolve its legal issues with American authorities.Cryptocurrency exchange Bittrex…
DeFi lending protocol, Hundred Finance, hacked for $7.4 Million
Multichain lending protocol, Hundred Finance, was hacked on Ethereum’s layer-2 scaling solution, Optimism, resulting in a loss of approximately $7.4m. On April 15, the DeFi platform announced that it had…
Only 24% of Americans Confident in Crypto’s Safety.
Just 2% of the American participants are “extremely confident” when dealing with cryptocurrencies, while 4% are “very confident.” A Pew Research Center study determined that most US residents (88%) have…
Skybridge CEO Anthony Scaramucci Backs Bitcoins as Commodity.
FTX paid $40 million in September for a 30% interest in SkyBridge. The CEO is also critical of government officials, including SEC Chairman Gary Gensler.Skybridge CEO Anthony Scaramucci said he…
Web3 Esports Platform ‘Community Gaming’ Announces 17% Layoff.
The sum equaled little more than 17 percent of the company’s total workforce.Community Gaming’s user base has more than doubled in the last year.Web3 esports tournament platform Community Gaming stated…
Can U.S. Agencies Spy on Twitter Under Musk’s Surveillance?
Musk has expressed caution about the latest wave of artificial intelligence. Last day, Elon Musk announced a new Twitter subscription service.Elon Musk, the CEO of Twitter, asserted in an interview…
A Crypto holder blames LastPass for his $50k lost via hack.
On April 15, a crypto holder took to Reddit claiming he lost $50,000 worth of cryptocurrencies following an alleged exploit on LastPass. LastPass is a password management tool that makes…
U.S Court Sentences Silk Road Bitcoin Hacker a Year in Prison
Zhong was able to deceive the DNM’s withdrawal mechanism into sending 50,000 BTC.Fake accounts were established by Zhong specifically for the purpose of the hack.According to the New York Department…