J.P. Morgan Handles $1B in Daily JPM Coin Transactions
- Launched in 2020, the bank’s permissioned blockchain-based value transfer system, called JPM Coin, now handles around $1 billion in daily transactions.
- The bank’s global head of payments said they now plan to widen the usage of the coin, and possibly create a “more retail version” of the token.
October 26, 2023, 1:42 PM
The corporate sign in front of the JP Morgan Chase & Co office building on Park Avenue, New York City, October 29, 2016. Felix Lipov/Shutterstock
Worldcoin to Pay Orb Operators in WLD From November
- The digital ID project said Orb Operators received USDC payments as part of the project’s transitional phase after launch, and now that it is nearing its end Worldcoin will be switching to WLD payments.
- Worldcoin warned Orb Operators to check if they can claim rewards in their region as WLD are not available in the United States and “certain other restricted territories”.
October 23, 2023, 10:53 AM
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Balancer Exploited After Giving Warning
- DeFi protocol Balancer confirmed it was exploited almost a week after disclosing a critical vulnerability affecting several of its boosted pools.
- The platform did its best to mitigate some of the risks but was unable to pause the affected pools, and an estimated $980,000 in DAI were stolen in an attack.
August 28, 2023, 1:55 PM
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Zunami Protocol’s Stablecoin Pools Exploited, Suffers $2.1M Loss
- DeFi yield aggregator Zunami Protocol confirmed that a hacker had attacked its “zStables” pools on Curve Finance using a price manipulation exploit.
- Security firm PeckShield has estimated that over $2.1 million was lost during the attack, while SlowMist said it had informed Zunami of the vulnerability two months ago.
August 14, 2023, 12:50 PM
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Aug 7, 2023
PayPal Launches New Ethereum-Based Stablecoin
- PayPal USD (PYUSD) will be issued by Paxos and the Ethereum blockchain, and is backed by U.S. dollar deposits, short-term Treasuries, and similar cash equivalents.
- The company said the stablecoin can be redeemed for U.S. dollars at all times, and exchanged for any other crypto supported by the platform, including BTC, ETH, BCH, and LTC.
Jul 31, 2023
Curve Exploited for $41M Due to Vyper Vulnerability
- Versions 0.2.15, 0.2.16, and 0.3.0 of Vyper have malfunctioning reentrancy locks, which left smart contracts compiled with them vulnerable to reentrancy attacks.
- An estimated 460 contracts were compiled using these versions of Vyper which resulted in millions being lost to attacks, with Curve Finance reportedly losing $41 million.
Jun 29, 2023
Binance to Lose Support of its EUR Banking Partner in September
- Binance’s current banking partner for euro deposits and withdrawals via the SEPA network, Paysafe, said it will stop its support for the exchange on 25 September.
- Binance said it will be changing its EUR banking partner, and assured users that no other services on its platform will be affected.
Jun 26, 2023
Bybit Acquires Cyprus Crypto License
- The new license allows Bybit to offer its full suite of crypto services to users from the third most populous island in the Mediterranean Sea.
- It not only helped the exchange expand its global presence, but also showed its commitment to compliance with local rules.
Jun 19, 2023
Do Kwon Receives 4 Months in Montenegro Prison on Forged Passport Charges
- Terraform Labs’ founder Do Kwon and CFO Han Chang-Joon were found guilty and sentenced to four months in prison for their use of forged Costa Rican passports.
- The Basic Court in the country’s capital Podgorica clarified that the time both individuals spent under detention in the country will also be taken into account.
Jun 19, 2023
ZachXBT Receives Over $1M in Crypto Donations to Fight Defamation Lawsuit
- Popular blockchain sleuth ZachXBT received over $1 million in token donations from the crypto community a little over a day after his donation wallet address was set up.
- The blockchain investigator became a target of a defamation lawsuit last Friday, when Jeffrey Huang accused ZachXBT of damaging his reputation in a June 2022 article.