Stakeholders urge Nigeria to adopt compliance-focused crypto regulation

The ThorChain network remains halted after the protocol suffered a hack in which the perpetrator is estimated to have made off with $7.6 million in crypto assets. 339 Total views 1 Total shares Popular cross-chain decentralized exchange, ThorChain, has suffered a multimillion-dollar breach.Estimates as to the scale of the damage vary, with ThorChain revising the…

The Foundation said an updated software package has already been published to remove the security breach. 1150 Total views 1 Total shares The XRP Ledger Foundation has identified a “serious vulnerability” in the official JavaScript library used for interacting with the XRP Ledger blockchain network, the nonprofit said. On April 22, blockchain security specialist Aikido

On Sept. 17, the Chicago Board Options Exchange’s BZX Equity Exchange withdrew its VanEck/SolidX Bitcoin exchange-traded fund (ETF) proposal a month ahead of the review deadline. The United States Securities and Exchange Commission (SEC) — the regulator on the matter — had until Oct. 18 to greenlight or reject the financial product.As a result, the…

An Ethereum user used Aave's V2 lending platform by depositing 7.5 million USDC as collateral. Following the issuer's decision to temporarily halt mints and redemptions through its banking partner, Prime Trust, a trader has taken advantage of the situation by initiating an on-chain short position on the stablecoin TrueUSD (TUSD).According to on-chain data, an Ethereum…

We were graced with one more typical “degen yield farm” popping in and out of relevance this week.Harvest Finance collected as much as $1 billion in total value locked before an “economic exploit” sent it tumbling down. Its value locked measure now hovering around $300 million and prospects for a recovery looking bleak.The exploit has…

The protocol seeks to address longstanding limitations of airdrops. 

Cryptocurrencies may become a part of the personal savings category, protected from seizures on behalf of creditors. As Brazilian lawmakers discuss the bill that would grant strong protection to a sizable portion of the savings assets of debtors, a separate initiative is seeking to include crypto in the latest version of the bill. Bill number 4.420/2021

Millennials are most likely to seek alternative financial services and assets such as crypto, and younger generations are hopping on to the bandwagon leading researchers to expect a crypto boom in 2022. Data shows that Millennials in the United States are flocking to alternative financing methods such as crypto assets to boost their financial well-being.A…