Cork Protocol, a decentralized finance (DeFi) platform, was hit by a smart contract exploit on May 28, resulting in the loss of roughly $12 million in digital assets. Cybersecurity firm Cyvers said the hack occurred at 11:23:19 UTC and was funded by an address ending in “762B.” According to the firm, the attacker used the … Read more
After this initiative, a milestone will be achieved that will open ways for similar products across other crypto assets. The chief legal officer of Ripple restated in a letter to the SEC’s crypto task force this week that XRP should not be treated as a security. The Securities and Exchange Commission of the United States … Read more
Jim Irsay built his own legacy with the Indianapolis Colts, a truly significant achievement. (Photo … More by Justin Casterline/Getty Images) Getty Images There have been three heinous moves in the history of American sports. The first was the decision by Walter O’Malley to take the Dodgers out of Brooklyn and move them to Los … Read more
The U.S. Department of Labor has rescinded its 2022 guidance that warned fiduciaries to exercise “extreme care” when considering cryptocurrencies for 401(k) retirement plans. Crypto Gets a Policy Boost as Labor Dept. Revokes 401(k) Warning The original release, issued under the Biden administration, had signaled skepticism about the inclusion of digital assets in retirement investment … Read more
Chainlink (LINK) faces resistance despite a recent 22.14% monthly price gain. On-chain data shows selling pressure and weak buyer momentum. DeFi integrations support a long-term bullish outlook for Chainlink. Chainlink, a prominent decentralised oracle network, is currently navigating a pivotal phase as the price of its native token, LINK, grapples with mounting selling pressure. Although … Read more
Key points: Markets increasingly see fewer Fed rate cuts this year, with the first only coming in September. Despite potential labor market weakness to come, crypto and risk assets lack an overall bullish catalyst, analysis says. BTC/USD continues to drop toward new multiday lows. Bitcoin (BTC) sold off at the May 28 Wall Street open … Read more
This content is provided by a sponsor. A single moment can unravel months—or even years—of financial progress. An unexpected car repair. A medical bill. A job loss. Suddenly, the balance tilts. The mounting pressure of missed payments and the dread of persistent phone calls begin to take their toll. In these moments, organisations like Freedom … Read more
The Katana Foundation, a nonprofit focused on decentralized finance (DeFi) development, is launching its private mainnet, aiming to unlock greater crypto asset productivity via deeper liquidity and higher yields for users. The Katana Foundation launched a DeFi-optimized, private blockchain, Katana, on May 28, incubated by GSR Markets and Polygon Labs, with the public mainnet launch … Read more
Opinion by: Scott Buchanan, chief operating officer of Bitcoin Depot A new proposal to install Bitcoin ATMs in federal buildings highlights an important question: Can crypto truly go mainstream without a stronger physical presence? For years, the industry has focused on software and decentralization, but its reluctance to invest in real-world infrastructure is starting to … Read more
In a bold move signaling its long-term strategy, GameStop has established a corporate Bitcoin reserve by purchasing 4,710 BTC worth approximately $512 million. This acquisition follows a strategic $1.5 billion offering of convertible senior notes, emphasizing GameStop’s commitment to digital assets. “GameStop has purchased 4,710 Bitcoin,” announced the company in a tweet, a significant step … Read more