Coinbase to Custody MakerDAO’s USDC Funds Worth $1.6B
The USDC is a third of the treasury supporting Maker’s Peg Stability Module. The DAO will receive up to 1.5% rewards on the assets.After being presented by Coinbase Institutional on…
Quickswap hacked and about $220k stolen.
Price manipulation is the problem, as Peckshield put it in a tweet.Peckshield’s blog post revealed that the vulnerability had been reported by Chainsecurity.On October 24th, Quickswap detailed how a $220,000…
Binance Striving Hard To Grab the Hacker Behind Recent Exploit
The attacker stole $570 million worth of cryptocurrency on October 6.Following the discovery of the breach, Binance Smart Chain was disabled. On Monday, Binance CEO Changpeng Zhao told CNBC that…
Court Rejects Former OpenSea Employee’s Plea To Dismiss Allegations
The government claims Chastain unlawfully benefited from the sale of NFTs.OpenSea decided to end its partnership with Chastain after learning about the probe. A former employee of NFT marketplace OpenSea…
FTX CEO Announces $6M in Compensation To Phishing Victims
SBF gave a clear message to its consumers that they must exercise more caution.This compensation from FTX to impacted users is a one-time deal. Over the last several years, crypto…
2 Americans Sent to Prison for Stealing Crypto by SIM Swapping
Erig Meiggs and Declan Harrington, who drained over $300,000 worth of crypto assets, will spent two years in jail.The residents of Massachusetts – Erig Meiggs and Declan Harrington – will…
Final Version of Aurum Retail CBDC unveiled by Hong Kong
Electronic wallets employ CBDC that has passed via an intermediary exchange.The novel CBDC-backed stablecoins mimic digitally the preexisting monetary system.On October 21st, the Hong Kong Monetary Authority unveiled the final…
Cryptoqueen Partner Face Criminal Prosecution in Germany
Within a year, the pair processed 320M euros in payments from Onecoin users. Ignatova is now sought by Interpol, Europol, and the FBI.The first Europeans to face criminal prosecution for…
Crypto supporter Rishi Sunak Fore Contender For UK Prime Minister
After Boris Johnson’s departure, Rishi Sunak was the first to officially enter the race. He advocated for stablecoins to be legally recognized in the UK.Former Boris Johnson Chancellor of the…
Interpol join the Metaverse for Global Law Enforcement
The first ever Metaverse specifically designed for law enforcement worldwide. Interpol metaverse will allow users to visit a virtual replica of the Interpol headquarters. The first-ever Metaverse specifically intended for…