$39 Million Stolen in DeFi by Furious Hackers.
Malicious actors employ methods like smart contract hacks, key compromises to exploit DeFi protocols. According to a recent report by Quantstamp, a DeFi security startup, a staggering $38.9 million has…
Bitcoin Fellowship Program Launched By Btrust Builders in Africa.
Btrust Builders’ fellowship is a pivotal step in African Bitcoin development. The three-month duration of the program raises questions about its sufficiency. Btrust’s acquisition of Qala underscores a commitment to…
Nigeria Forex Crisis: Central Bank Removes Cap on Exchange Rate for International Money Transfer Operators
The Central Bank of Nigeria announced on Jan. 31 that it had removed caps on naira payout rates that international money transfer operators are allowed to quote. The central bank…
UAE’s Central Bank Initiates Historic Cross-Border Digital Dirham Transfer to China.
The transfer was sent via mBridge, a cross-border project introduced in 2021 by China, Hong Kong, Thailand, UAE in partnership with BIS.On January 29, Sheikh Mansour Bin Zayed Al Nahyan,…
Some Reasons China Should Revert Bitcoin Ban.
China’s infamous blanket ban on Bitcoin should come to a halt. Here’s why. China’s economy grew 5.2% in 2023, but its stock market took a 10% tumble for the year.…
Steve Christie Rejoins Binance as Deputy Chief Compliance Officer.
Christie stepped down earlier to prioritize health and family as per Binance.Together with CCO Noah Perlman, Christie will fortify the worldwide compliance program.In the role of Deputy Chief Compliance Officer,…
Binance Burns 2.1B Terra Luna Classic (LUNC) Tokens in 18th Batch.
The burn campaign for Terra Luna Classic has reached around 98 billion LUNC.The 100 billion LUNC goal is already within reach of the burn campaign.In the 18th batch of the…
Meta’s Reality Labs Experienced Quarterly Operating Loss of $4.6 Billion.
The overall operational loss for 2023 was $16.1 billion.The company anticipates a significant year-over-year growth in Reality Labs’ losses. Despite recording its most quarterly sales ever in the Q4 of…
Deepfake Alert: Scammers Crypto Platform Promoted Scam Ads on Facebook.
Forrest criticized Facebook’s lack of action against scams after a new deepfake video began circulating online. A doctored clip of Australian mining magnate and businessman Andrew “Twiggy” Forrest on Facebook…
Binance Freezes About $4.2 Million worth XRP Connected to Ripple Co-founder’s Wallet Hack
No decentralized exchanges or crypto mixer services were used by the exploit’s hacker.The hacked accounts were Larsen’s personal ones, not Ripple’s. After the biggest breach of 2024 thus far—a $112…