Attackers Steal $1.6 Million in Digital Assets From Defi Protocol Pike Finance
Unknown attackers recently siphoned digital assets valued at just under $1.6 million from the decentralized…
Month: May 2024
Aave Labs Unveils Ambitious Plans for Protocol V4: Enhancing GHO Stability and Cross-Chain Liquidity
Aave Labs proposed a significant upgrade to its protocol, aimed at enhancing features like its…
Wyoming Senator Slams DOJ’s Take on Non-Custodial Crypto Software, Vows to Protect User Rights
Wyoming’s Republican Senator Cynthia Lummis has responded to the Department of Justice’s (DOJ) latest argument…
Peter Schiff Declares Bitcoin in Bear Market Amid US Economy’s Stagflation Reality
Economist and gold advocate Peter Schiff has declared bitcoin to be in a bear market,…
US Coal Miner Uses Excess Power to Mine BTC; Earns 61 Coins in Q1 2024
Alliance Resource Partners (ARLP), a coal mining company in the U.S., recently disclosed its use…
Jack Dorsey’s Block Faces DOJ Probe Over Alleged Transactions With Sanctioned Nations and Terrorist Groups
Department of Justice (DOJ) federal prosecutors from the Southern District of New York are investigating…
Defi’s TVL Declines by $10 Billion in April Despite Growth in Bitcoin and Newer Blockchains
The total value locked (TVL) in decentralized applications (defi) experienced a 7% decrease, dropping $10…
Microstrategy Plans to Launch a Decentralized Identity Solution on Bitcoin
Microstrategy has introduced a new enterprise decentralized identity platform, Microstrategy Orange, during the Bitcoin for…
Former Binance CEO CZ: I Will Do My Time — Crypto Industry Has Entered a New Phase
Former Binance CEO Changpeng Zhao (CZ) has expressed his gratitude to the crypto community for…
Bitcoin Miners Log Second Highest Monthly Revenue in April, Despite Falling Hash Value
In April, bitcoin miners amassed the second-highest monthly revenue of the past year, following the…
Federal Reserve Holds Rates Steady Amid Inflation Concerns; Outlook Remains ‘Uncertain’
On Wednesday, May 1, 2024, the U.S. Federal Reserve chose to maintain the benchmark interest…
NFT Sales Dip Over 31% in April; Ethereum, Solana Experience Sharp Declines
Sales of non-fungible tokens (NFTs) experienced a 31.26% decline in April from the revenues recorded…
New US Bill Aims to Clarify Taxation of Staking Rewards
Two bipartisan lawmakers, Reps. Wiley Nickel, D-N.C., and Drew Ferguson, R-Ga., have introduced the Providing…
Securitize Raises $47M Led by BlackRock for RWA Tokenization
Securitize, a leading player in RWA tokenization, has closed a significant $47 million funding round,…
Bitcoin ETFs Show Record Discounts, Signaling Stress
Spot-Bitcoin exchange-traded funds (ETFs) are exhibiting signs of stress as the cryptocurrency market endures a…
