Bugs in Gains Network fork let traders profit 900% on every trade: Report

Kalin Metodiev, the co-founder and managing partner of crypto lender Nexo stated his firm was “surprised” by the way in which eight state regulators publicly took action against it for securities violations.Earlier this week the California Department of Financial Protection & Innovation (DFPI) filed a desist and refrain order against Nexo’s Earn Interest Product, claiming…

Cryptocurrency exchange Bitfinex has temporarily shut down its services, according to a tweet published on May 31.The tweet specifically says that the change has temporarily paused deposits and withdrawals “due to the outrage of one of [their] network providers.” “Funds are safe in cold storage. Situation should be restored ASAP (ETA 3/4h). Apologies for the…

Tether said its US Treasury reserve surpasses the size of all but 17 of the world’s governments.

Tornado Cash — a cryptocurrency mixer service that can hide the origin of crypto transactions — hit the headlines after being sanctioned by the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) in August 2022. The mixer opened Pandora’s box, igniting an open debate about the role of mixers in ensuring personal

Blockchain games developer Lucid Sight has raised $6 million to expand its digital scarcity-powered games to traditional game platforms, tech news website VentureBeat reports April 2.Los Angeles-based Lucid Sight now has $11 million in funding to expand offerings of its digital ownership games company by bridging the gap between blockchain and traditional gaming.Leading investment bank…

A Melvin Capital client claims that the firm has "massively de-risked" its investment portfolio following the controversy involving short-selling GameStop stocks. 2429 Total views 9 Total shares Melvin Capital started 2021 with $12.5 billion in assets before retail investors from Reddit caused the firm to lose billions on its GameStop short positions.According to a Wall…

United States sanctions incentivized North Korea to launch cyberattacks involving cryptocurrency, a senior FBI official told a conference. The comments were quoted by South Korean English-language news outlet Korea Herald on May 30.Speaking at an event organized by U.S. thinktank The Aspen Institute, Tonya Ugoretz, deputy assistant director of the FBI’s cyber division, said financial…

Kucoin users from New York will lose the ability to trade within 30 days and will have their accounts closed within 120 days. 187 Total views 3 Total shares Crypto exchange Kucoin has agreed to pay $22 million to the State of New York and to bar residents of the state from using its platform