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2024-04-27

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USDC is accessible to both users and developers without the need to bridge the stablecoin from Ethereum or other blockchain. Circle Mint and Circle’s developer API’s now support Polygon-based USDC, tapping into Polygon’s scaling capabilities. For example, the biggest crypto exchange by trading volume, Binance, destroys some of its Binance Coins (BNB) every three months. Then some projects operate like a central bank. These projects employ both deflationary and inflationary measures to keep the value in check. buy Digital currencyRead More: Everything You Need To Know About Bull Flag Patterns Lucas Kiely is chief investment officer of Yield App, where he oversees investment portfolio allocations and leads the expansion of a diversified investment product range. He was previously the chief investment officer at Diginex Asset Management, and a senior trader and managing director at Credit Suisse in Hong Kong, where he managed QIS and Structured Derivatives trading. He was also the head of exotic derivatives at UBS in Australia.US Stocks rise for third straight day as bond yields fall

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Arguably, one of the most eagerly anticipated collections of Milan Fashion Week was Gucci's Ancora, thanks to their new creative director, Sabato De Sarno. Gucci also hosted a show across multiple metaverse platforms, including a Roblox space that saw over 250,000 visitors on the day of the show. Savvy traders who are aware of the discrepancy can take advantage of the situation and arbitrage with the AMM at “worse than market prices,” Milionis says. This causes the AMM’s liquidity providers (LPs) to lose value “exactly because of the informational disadvantage” that resulted from the lag between markets. Bittrex Crypto Exchange|The Best Crypto Trading PlatformFurthermore, the figures come from Korea’s National Assembly’s Science and Technology Information and Communication Committee. Now, that Shiba Inu meme from 2013 has grown to be the face of one of the world’s top cryptocurrencies – Dogecoin. It has cultivated a silly and upbeat reputation, far from the shady dealings and reputation from a decade ago. While altcoins still permeate the market, more and more altcoins have positive and strong communities that prioritize more things than just getting rich.

The virtual world industry has faced challenges in building traction and retaining users, but ZTX is determined to change that narrative. With a focus on the player and the introduction of harvesting and manual labor, the company is bringing a fresh perspective to the metaverse experience. Harvesting, unlike traditional fantasy actions, resonates deeply with users and offers the potential for monetization. The continuation of the stablecoin trend figures prominently in the third theme, as Svanevik anticipates growth in reserve-backed offerings like tokenized US Treasuries. He foresees these overtaking first-generation fiat-backed coins over time. 7 Best Crypto Exchanges in Canada-May 2023 (Free $20...Wang, who pleaded guilty in December 2022 to four counts of fraud and conspiracy, was a founder and former executive at FTX. He testified on Friday that he received personal loans of around $200 to $300 million from Alameda, which he used to fund venture capital investments and purchase property in the Bahamas. Crypto Community in Israel Unites to Launch 'Crypto Aid Israel' for Displaced Citizens

Wang managed to send Kumanan Ramanathan, an adviser to FTX from legal consultancy Alvarez & Marsall, some $500 million to a wallet on Ramanathan’s Ledger Nano, a hardware wallet. The draining of FTX funds stopped after this transfer. Source: PixabayDecentralized Finance (DeFi) platform Zunami Protocol has confirmed a price manipulation attack on its “zStables” stablecoin pools on Curve Finance, causing potential losses of over $2.1 million.The attack is the latest among the list of protocols affected by the recent vulnerability in the popular DeFi platform Curve Finance, which drained funds from a number of the protocol’s liquidity pools, exposing $100+ million worth of cryptocurrencies.The hacker in the Zunami Protocol’s exploit apparently took flash loan from balancer, blockchain security firm Ironblocks noted. The attacker, then added liquidity to change the price massively and started trading in Zunami’s exchange.Ironblocks wrote in a Tweet that the liquidity was later removed, which changed the price and finally traded back and returned the flash loan to get 1,1152 ETH.Fellow blockchain security platform PeckShield was quick to report the attack on Twitter, which immediately notified Zunami Protocol to take “necessary actions.”The attack netted the bad actor more than $2.1 million, carried out via price manipulation, “which can be exploited by donation to incorrectly calculate the price,” PeckShield wrote in a Tweet.PeckShield also noted that the stolen funds were sent to coin mixer Tornado Cash, which obscures the transaction path. This further complicates the efforts to track and recover the stolen funds.Curve Finance platform is still struggling to recover millions of dollars lost in an exploit and recently announced a bounty of $1.85 million to anyone who can identify the attacker.Zunami Warns Users to Refrain From Buying StablecoinsFollowing PeckShield’s warning, Zunami confirmed the attack and said that the “collateral remain secure.” The protocol instructed its users to refrain from buying either of the affected tokens – Zunami Ether (zETH) or Zunami USD (UZD) stablecoins – warning that the exploit is still being fixed.Soon after the confirmation of attack from Zunami, both the affected tokens plummeted sharply. UZD dropped 99% to nearly $0, losing its peg, while zETH fell by 89% to a low of $206. UZD is currently trading at $0.0118 at press time, according to CoinGecko.Zunami Protocol, a yield farming aggregator for stablecoin staking, has been promising the highest Annual Percentage Yield (APY) as a decentralized autonomous organization (DAO), with $5 million in Total Value Locked, according to its website.Zunami also promised users to diversify their stablecoin portfolio while avoiding any crashing risk. The price manipulation risk, however, has put a massive dent in Zunami’s reputation.SlowMist Reportedly Warned ZunamiXian Yu, founder of blockchain security platform SlowMist, said that their firm had identified the attack nearly two months before. The Zunami Protocol apparently received warnings from SlowMist, albeit unnoticed until the breach.Yu said that despite repeated warnings sent to the Protocol, “it was an unpleasant communication.”The decentralized nature of the DeFi ecosystem makes it a lucrative target for attackers, stressing on the importance of high security measures and timey actions on such vulnerabilities.Binance Labs Fuels Helio Protocol's Liquid Staking Pivot with $10M Investment in LSDfi Expansion Best Meme Coins to Buy in March 2022Blockraise provides advisory and fundraising services to blockchain and crypto projects. Scotcoin is on the Polygon network, a layer-2 scaling solution for Ethereum. The activation, a partnership between Hong Kong-based curated fashion platform Fabrix and digital metacloset DressX is the brainchild of Fabrix founder Shin Wong.

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