Pike Finance clarifies ‘USDC vulnerability’ statement on $1.6M exploit
Pike highlighted that the exploit occurred due to their team’s inadequate integration of third-party technologies such as the CCTP or Gelato Network’s automation services.
Related Posts


Coinbase took out the first Bitcoin-backed loan from Goldman Sachs
The largest exchange in the U.S. has taken out a loan from Goldman collateralized in Bitcoin as a Wall Street first, paving the way for others to follow. 111 Total views 2 Total shares America’s largest crypto exchange Coinbase has been revealed as the mystery firm that took out Wall Street’s first Bitcoin-backed loan from…

Federal Reserve’s FedNow will integrate with Metal Blockchain
The integration will allow users to instantly convert cash to stablecoin for use in DeFi protocols. 923 Total views 3 Total shares The Federal Reserve’s forthcoming instant payment service FedNow will be integrated with Metal Blockchain, according to a May 11 announcement from the Metal Blockchain team. The announcement said that the integration will allow…

Bitfury CEO confirms IPO considerations are part of expansion plans
In 2018, Bitfury raised $80 million from investors like Michael Novogratz’s Galaxy Digital at a $1 billion valuation. 55 Total views 23 Total shares Bitfury, one of the world’s largest companies in the blockchain industry, is mulling a potential initial public offering, or IPO, as part of the company’s global growth plans, the company’s CEO…

OpenSea trading volume set for record month despite crypto market retreat
The top NFT marketplace in the world is set to break its own record for trading volume as it is on pace to exceed $6 billion by the end of the month if the trend continues. 200 Total views 14 Total shares The world’s leading NFT marketplace OpenSea is poised to break its own record…

VR Firm Magic Leap Seeks Blockchain Engineers for User Data
Virtual reality (VR) startup Magic Leap is seeking blockchain engineers according to recent listings on employment website Greenhouse. The firm is looking for a senior blockchain architect and blockchain engineers.Among the duties listed for the senior blockchain architect position, the individual will be “planning and execution of a portfolio of blockchain, smart contract, and Ricardian…

Republican lawmakers call for answers on digital dollar from Fed vice chair
The House members asked for clarification on whether the Fed may be considering an “intermediated model” for a digital dollar that could require authorization from Congress. 176 Total views 3 Total shares Members of the House Committee on Financial Services have called for Federal Reserve vice chair Lael Brainard to clarify her position on a…

Blockchain Association calls White House’s crypto framework a ‘missed opportunity’
Critics claimed the Biden administration's reports focused on environmental concerns over crypto's energy consumption and illicit uses rather than the technology's benefits. 276 Total views 17 Total shares Members of the crypto space and advocacy groups reacted to United States President Joe Biden’s administration releasing a regulatory framework on digital assets, with many suggesting the…

Musician Grimes willing to “split 50% royalties” with AI-generated music
The Canadian musician took to Twitter to voice her support of AI-generated music using her voice, saying she is willing to be a “guinea pig” for the new technology. 514 Total views 2 Total shares Own this piece of history Collect this article as an NFTThe swift rise of artificial intelligence (AI)- generated art has…