DeFi protocol removed an important line of code that led to a $212K hack

In the wake of the FTX collapse that came about as a result of the now-bankrupt cryptocurrency exchange funneling user funds to mitigate its own risks, crypto exchanges came up with a transparency solution called proof-of-reserves. A practice, which was recently endorsed by Binance CEO Changpeng Zhao, offers a way for exchanges to show provide transparency…

How worried should international regulators be about the cryptocurrency industry? Not overly, a British financial crime expert has claimed.Therese Chambers — director of retail and regulatory investigations at the United Kingdom’s Financial Conduct Authority — made the argument at the New York University School of Law on March 5, in a speech entitled “The Advancement…

The DeFi economy continues to be built on Ethereum. A new report from ConsenSys highlights the extent to which the Ethereum network drives decentralized finance. 1392 Total views 9 Total shares The Ethereum (ETH) network continues to be a major driving force behind decentralized finance, or DeFi, signaling the continuation of a trend that began…

Awaiting extradition to either the US or South Korea, Do Kwon could have had access to the Terraform Labs wallet containing more than 1,075 Bitcoin.

The latest discovery in the long-drawn Terra ecosystem saga contradicts many of Do Kwon’s early claims. 113 Total views 4 Total shares South Korean authorities have requested crypto exchange OKX and Kucoin to freeze 3,313 Bitcoin (BTC) reportedly tied to Do Kwon, the co-founder of Terra blockchain developer Terraform Labs.Kwon, who is currently on the…

Two Candian nationals have been sentenced to two years in a United States federal prison for stealing 23.2 Bitcoin (BTC) through a scam on Twitter in 2017.According to the U.S. Department of Justice, on March 17, 23-year-old Karanjit Khatar and 24-year-olds Jagroop Khatkar were formally sentenced to 24 months in prison and three years supervised…

New exchange-traded products (ETPs) that track the value of XRP and Litecoin (LTC) are now available for trading on the Boerse Stuttgart-owned Swedish exchange Nordic Growth Market (NGM). The news was revealed in a press release shared with Cointelegraph on April 4.Boerse Stuttgart is Germany’s second-largest stock exchange, reporting trading volumes of 71.2 billion euros…

It may sound shocking today, but in 2010 software developer Gavin Andresen was on a mission to give away free BTC in an effort to boost adoption. 2678 Total views 21 Total shares Reddit’s r/Cryptocurrency community revived an interesting piece of Bitcoin (BTC) history on Sunday, with a new thread reminiscing about the time that…

Bitcoin (BTC) rebounded overnight into Aug. 5 as a fresh trendline reclaim opened the door to further gains.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewDaily BTC pricechart sets up "tentative" long signalData from Cointelegraph Markets Pro and TradingView showed BTC/USD bouncing off a local bottom at $22,400 to add around 4.6%.The pair had reversed direction right…