EU officials are talking about banning bitcoin yet again unless it shifts to Proof-of-Stake (PoS). They say if the Ethereum is able to shift, we could legitimately request the same from Bitcoin. They add that they need to protect the bitcoin community.
Binance has announced that it will be implementing a new set of restrictions on Russian users. Users from Russia will not be able to deposit crypto over 10,000 euro and this includes Russian nationals as well. If total value of crypto is less than 10,000 euro, there is no need to panic and your Binance account will function like it is doing right now.
Beanstalk Farms had been gaining a lot of traction but today, it lost a whopping 180 million dollars and hacker got out with $76 million. All funds stored in smart contract of Beanstalk Farms have been emptied.
Staking is when an individual locks up their crypto holdings for a certain period of time with the benefit of earning rewards. The use of cryptocurrencies nowadays makes us think about the evolution of currencies and payments in general. The idea of trading started around 3000BC. Later, humans invented coins in 600B.C., leading to paper money in the 7th century.
(more…)Inverse Finance DeFi was hacked earlier today with hacker taking whopping 11.7 million dollars, with protocol loss being much larger as less will be using it from now on. This DeFi hack was made possible by making use of price oracle manipulation bug.
Porta Network that claims to make blockchain products accessible to everyone, just rug pulled on its users, stealing more than half million dollars, $0.6M to be precise, saying they lost funds in a robbery. They say that thieves were dressed as investors and stole funds from company’s wallet which were present in same room.
Lucky Coin is one of latest cryptocurrencies that is using popular influencers like Shehnaaz Gill for promotion. They make her say things like “Lucky Coin is fastest cryptocurrency to reach 1-billion dollar marketcap.” Then she adds that the project was able to reach this very marketcap with its 32-thousand investors.
CronjeFinance was launched yesterday but some had already identified hard rug code which we were certain would be executed. This is a tomb fork that contains a recovery function, according to rugdoc’s twitter account. This tomb fork function allows governance to withdraw all staked tokens 90 days after poolEndTime.
(more…)APE coin is official token of Bored Ape Yatch Club and backed by large number of famous corporations and companies. Naturally, more and more companies would want to associate themselves with APE coin and Bored Ape Yatch Club. Newest one to join the club is the famous Time magazine.
Paraluni, short for Parallet Universe is a DeFi app on Binance Smart Chain. Today, it was hacked in single transaction where whopping 1.7 million dollars in total.
