Curve Finance Finds and Resolves Site Exploit
- The DeFi platform told its users it had “found and reverted” a frontend exploit only an hour after it was first reported.
- The attacker apparently used a DNS spoofing attack to clone curve.fi’s website, and redirect the DNS points to his IP address.
Shutterstock
Australia to Explore CBDC Use Cases in Research Project
- The Reserve Bank of Australia will collaborate with DFCRC, a $180 million research program, to explore use cases and potential benefits of CBDC in Australia.
- The research project will also feature a “limited-scale” CBDC pilot, which will operate in a ring-fenced environment.
Fourth BitMEX Executive Pleads Guilty to Violating the Bank Secrecy Act
Crypto Lender Hodlnaut Suspends Services
- The Singapore-based company has become the latest crypto lender to pause all deposits and withdrawals citing market conditions.
- The company also pulled out its regulatory license application with the Monetary Authority of Singapore, meaning it can no longer provide token swap services.
Shutterstock
Crypto.com Hits Regulatory Milestone in Korea After Two Acquisitions
- Crypto.com secured an Electronic Financial Transaction Act registration by acquiring PnLink, and a VASP registration from buying OK-BIT.
- While it remains unknown if the exchange can offer its full suite of services in the country, the VASP registration allows it to provide crypto exchange and custody services.
Binance to Launch Prepaid Crypto Card in Argentina
- Binance Card was launched in Argentina in partnership with Mastercard, allowing users to maker purchases using crypto at over 90 million merchants globally.
- The card will not only allow customers to make payments using crypto, but also make cash ATM withdrawals, as well as earn up to 8% back on certain purchases.
Binance CEO Changpeng Zhao. CryptoMonedaseICOs
Voyager Digital to Return $270M in Cash to Customers
- The U.S. Bankruptcy Court in New York has given Voyager the green light to return $270 million in cash, locked up at the Metropolitan Commercial Bank, to its customers.
- An attorney for Voyager claimed the company had received a number of “higher and better” offers than the one from Alameda and FTX, which was one of the lowest received so far.
Shutterstock
Coinbase to Provide Crypto Access to BlackRock’s Institutional Investors
- Users of BlackRock’s institutional investment management platform Aladdin will soon have access to Bitcoin thanks to the new partnership with Coinbase Prime.
- Shortly after the news were announced, Coinbase’s publicly traded shares jumped in price by 31%, forcing NASDAQ to briefly pause COIN trading due to volatility.
Coinbase CEO Brian Armstrong at Vanity Fair’s New Establishment Summit, October 2019.Vanity Fair
Slope Wallet Likely Tied to Solana’s Exploit
- Solana developers claimed an investigation found no evidence that the protocol or its cryptography were compromised in the widespread exploit.
- The investigation, however, discovered that the affected wallets were either “created, imported, or used” in Slope’s mobile app at one point in time.
Shutterstock
Crypto.com Hits Regulatory Milestone in Korea After Two Acquisitions
- The crypto mining firm said it had voluntarily curtailed its energy consumption to ensure more power was available in Texas during the heat wave in July.
- While it produced 21% less BTC than it could, the company had earned around $9.5 million in power credit and benefits, as well as reduced its power consumption for the month.
Millions Drained in Widespread Solana Wallet Exploit
- Multiple people took to Twitter on Wednesday to report funds being drain from their Solana-based wallets, including Phantom, Slope, and TrustWallet.
- Although it is a widespread Solana exploit, with around 8,000 wallets being compromised, its root cause remains unknown.
Shutterstock
Editors' Picks
Crypto Purchases Using Credit Cards Now Banned in Taiwan
- Taiwan’s Financial Supervisory Commission has instructed credit card companies to stop signing on crypto firms as merchants in the next three months.
- The financial regulator specified that credit cards are essentially consumer payment tools, and as such should not be used for high risk financial transactions.
Taipei City Skyline at sunset, Taiwan. Sean Pavone/Shutterstock
Vauld Seeks Protection From Creditors in Singapore
- The crypto lending and trading platform noted it had filed for a moratorium order as to give its management more time to develop a proper restructuring plan.
- Vauld paused all deposits, withdrawals, and trading on its platform on 4 July due to volatile market conditions.
Shutterstock
Lido Finance Expands ETH Staking to Layer-2
- Lido has already integrated its bridged staking services with Argent and Aztec, and will reveal more partnerships in the coming months.
- The company will initially support bridging and staking of wrapped stETH (wstETH) on layer-2 networks, but will eventually allow of staking of ETH directly on layer-2 networks.
Shutterstock
Guides
4 Common Password Misconceptions
- Passwords have become a part of our daily life, protecting our most sensitive data, and we have to make sure they are as secure as possible.
- There are many ways a password can become compromised, as such it remains important that we become aware of some of the most common password myths.
Shutterstock
How to Find The Best DeFi Pools For Your Assets
- Investment opportunities in defi are innumerous, but finding the best hasn’t been an easy task thus far.
- Yield Samurai is a decentralized finance data aggregator that helps investors find the highest-yielding pools in a few clicks.
How to Explore Historical DeFi Data
- Yield Samurai is a decentralized finance historical data aggregator.
- It allows people to explore pool prospects on different platforms and apps to find the best place to earn interest on cryptoassets.
Impermanent Loss Explained With Examples & Math
- Learn what impermanent loss is, how it manifests, and how to calculate it.
- We use several examples and formulae for both standard and complex AMM-based pools to examine, explain, and plot impermanent loss.
How to Leverage Yield Farming on Alpha Homora – The Simple Guide
- Learn how Alpha Homora works, how to open a leveraged position and earn more with the same amount of assets, and how to manage your positions.
- We also explain how to choose a pool to leverage, the rules of leveraging on the platform, and how to calculate possible scenarios.
