On Wednesday, February 2, one of the most popular crypto bridge networks connecting the Ethereum and the Solana blockchains has faced a massive hack of a staggering $320 million. Warmhole has appraised this event on its Twitter handle stating that the hackers managed to steal a staggering 120K wETH or wrapped Ether. The official announcement
Hester Peirce, popularly known in the digital currency ecosystem as “Crypto Mom” has issued a note of warning that a new proposal from the commission can significantly hurt the Decentralized Finance (DeFi) ecosystem. (Read More)
To say the past year has been monumental for the NFT ecosystem would be an understatement. We witnessed the birth of the NFT bull-run with the demand for profile-pic (PFP) collections like the Crypto Punks and Bored Ape Yacht Club (BAYC) hitting record-breaking sales every other week. We also saw widespread adoption with artists, music […]
The latest SEC proposal could be harmful to DEFI exchanges as the regulator looks to bring DEFI exchanges within its purview so let’s read further in our latest crypto news today. The latest SEC proposal is looking to expand the definition of a securities exchange which could be harmful to DEFI. The proposal aims to […]
Losing $80 million worth of BNB tokens in a recent hack, Qubit Finance joined the unfortunate list of exploited DeFi protocols on Binance Smart Chain (BSC).