Jimbos Protocol, an Arbitrum-based protocol, has sought assistance from security researchers and on-chain analysts following a hack. The protocol was targeted by an exploiter who used a loophole in the code to carry out a flash loan. The hack resulted in the loss of funds worth some ETH 4,048, or about $7.5 million, which were
After several spikes to two-month lows, Bitcoin (BTC) started the week on a positive note as the weekly candle close brought an upward move. The largest cryptocurrency, which has been stuck in a narrow range, is finally showing signs of life, but with volatility back in play, traders are still unsure if short-timeframe strength can
CoinEx announced on May 29 that it is launching a new cryptocurrency exchange for users in Hong Kong. The new exchange will be called BitHK and will operate in compliance with Hong Kong’s Guidelines for Virtual Asset Trading Platform Operators. CoinEx has also stated that it will apply to operate as a Virtual Asset Service
The Digital Asset Mining Energy (DAME) excise tax, a proposed 30% tax on energy costs for cryptocurrency miners, was not included in the latest Fiscal Responsibility bill aimed at tackling the Debt Ceiling crisis. The tax drew widespread criticism from stakeholders within the crypto-mining sector and U.S. lawmakers. The news of the omission has been
The Russian government has decided not to pursue its plans of creating a national cryptocurrency exchange. Instead, the government will focus on drafting rules for multiple crypto exchanges. This news was reported by a local news site, which cited Anatoly Aksakov, a member of one of the chambers of the Russian parliament, as the source
BKEX, a cryptocurrency exchange, has suspended withdrawals after it was discovered that funds on its platform were involved in money laundering. The exchange made an announcement on May 29th stating that it was working with law enforcement agencies to gather evidence and was fully cooperating with the regulatory investigation. Users Question BKEX’s Actions Several users
As the digital economy continues to grow, the cryptocurrency market is becoming increasingly popular. With numerous quality cryptocurrencies to invest in, investors are looking for ways to maximize their returns. Understanding the market and its dynamics is crucial for investing in cryptocurrencies. One important aspect is the crypto presale, which allows investors to acquire tokens
The Bank of Japan has launched a pilot program for its central bank digital currency (CBDC), according to a report released by the bank. The pilot program began in April 2023 and is designed to test the end-to-end process flow, explore potential challenges for connection with external systems, and develop solutions indicated as necessary in
Russia has decided to halt its plans to create a national cryptocurrency exchange and instead formulate regulations that allow private companies to establish their own exchanges. The head of the State Duma committee on the financial market, Anatoly Aksakov, informed local media Izvestiya on May 29 of the change in strategy. He disclosed that the
NEO has been one of the top-performing cryptocurrencies in the market, with a notable 15% price increase in the past week. The open-source platform aims to be the foundation for the future Internet, offering digital payments, identities, and assets. However, Ecoterra, an eco-friendly project, is gaining attention for its superior utility solutions and potential for