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2024-05-04

Popular crypto exchanges(2023 Update) 2024-05-04
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SBF faces severe allegations with seven conspiracy and fraud charges linked to FTX’s collapse. However, he has maintained a stance of innocence — pleading not guilty to all counts brought against him. Source: Sam Cooling x XreschA vulnerability in the popular decentralized finance (DeFi) protocol Curve Finance has caused funds to be drained from a number of the protocol’s liquidity pools, while roughly $100 million remains at risk.In a tweet from Sunday, the Curve team said that “a number” of its pools that uses version 0.2.15 of the Vyper programming language have been exploited due to “a malfunctioning reentrancy lock.”“We are assessing the situation and will update the community as things develop,” the team added.In a follow-up tweet on Monday, the Curve team listed all pools that have been hacked so far as result of the vulnerability.It also warned users to withdraw all funds held in the Arbitrum Tricrypto pool, which holds USDT, WBTC and ETH tokens.As of now, as much as $100 million worth of crypto remains at risk in the mentioned Curve pools, representing a significant risk for the entire protocol’s reputation.Curve Finance, which is a decentralized exchange (DEX) for stablecoins that uses the automated market maker (AMM) model to manage liquidity, has traditionally been seen as one of the most solid projects in crypto.CRV token plummetsFollowing the recent events, however, the price of Curve Finance’s native CRV token has plummeted in the market.As of press time on Monday, the token was down 12% for the past 24 hours alone, and down more than 15% for the past 7 days.Over the past 12 months, the CRV token has lost more than half of its value, while other major cryptoassts like Bitcoin (BTC) and Ether (ETH) have risen in price.CRV token price past 30 days. Source: CoinGeckoThe vulnerability pointed to by Curve is the same type of vulnerability as DeFi protocols Era Lend and Conic Finance said was responsible for draining funds from them last week.Already, a white hat hacker has recovered 2,870 ETH, worth around $5.4 million, to Curve Finance following the recent hacking incidents.More Russian Banks Say They’ll Join Digital Ruble Pilot – CBDC Advances? Buy Tether (USDT) in India at ₹ 88.63Confluence Between Cycles Even though the price trades in a bullish pattern, the weekly RSI is bearish. When evaluating market conditions, traders use the RSI as a momentum indicator to determine if a market is overbought or oversold and to decide whether to accumulate or sell an asset.

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The quarterly burns follow a 2017 commitment to remove 100 BNB tokens from circulation. WSB highlighted that the financial powerhouses, historically associated with manipulating assets like gold, are now purportedly exerting pressure on the value of XRP. He argued that the manipulation takes place despite XRP’s recent legal victory against the SEC, which granted it regulatory clarity. What is a decentralized exchange? (DEX)The news about the US government shutdown pushed Bitcoin’s price up by 2%. The IMF sees global economic growth of 2.9%, down 0.1% from this year despite several macro and geopolitical events that impacted growth this year. It cited the pandemic, Russia’s invasion of Ukraine, the breakdown of the world economy into blocs, and the central bank policy tightening as major reasons.

Firstly, Consensys cited the complexity of the proposed regulations and the necessity for a thorough analysis of their potential impact on the software applications provided by the company. Consequently, they requested an extension of the deadline for submitting comments until at least December 31, 2023 to allow for more comprehensive feedback and assessment of the proposed rules. Lubin: By growing the corpus of the people who get it. Similar to the Web, you’ve probably seen famous snippets from talk shows from 1996 or 97 when people were saying silly things about this new technology. It’s just a question of education. It’s a question of younger generations who are crypto native growing older by a few more years and taking their positions in society. This will then just be the way the world works to them. FTX Files for Bankruptcy as CEO Sam Bankman-Fried ResignsGucci's Iconic Fashion Is Reimagined in Christie's NFT Art Auction Only used in geological contexts until recently, the word mining today has an entirely different meaning. Even though most people understand that mining is a concept related to cryptocurrency, it is still a strange and incomprehensible topic. Yet, most people are drawn to this concept. It is perhaps the popularity of bitcoin mining that makes it appealing. Let us take a look at what mining is and why it has attracted so much attention.

Ukraine’s government has drafted an artificial intelligence (AI) roadmap that businesses can use to self-regulate. New tools will help companies adopt an ethical framework balancing corporate and customer interest, a government press release said. Ether has underperformed Bitcoin by 25.7% in the last 11 months, causing the ETH/BTC ratio to breach the 0.06 support level. Therefore, several factors can be attributed to the negative sentiment surrounding Ether's price, including the U.S. Securities and Exchange Commission's lawsuits against Binance and Coinbase in June 2023. CME Group Announces First Day of Trading of €STR Futures“Zero-knowledge technology roots its security in mathematics, whereas confidential computing relies on specific security features of hardware,” Fan said, adding that he believes confidential computing is “much more efficient” than zk proofs. “We are also concerned that clubs may present fan tokens as an appropriate form of fan engagement in the future, despite their price volatility and reservations among fan groups,” the report said.Related: FC Barcelona secures $132M investment for blockchain and NFT ventureThe committee claimed the volatility of these tokens could cause financial harm to fans, who were unaware of the “inherently risky” nature of the asset.“In the world of sport, clubs are promoting volatile crypto asset schemes to extract additional money from loyal supporters, often with promises of privileges and perks that fails to materialize.”The committee concluded that “any measurement of fan engagement in sports, including in the forthcoming regulation of football, should explicitly exclude the use of fan tokens.”Magazine: Web3 Gamer: Minecraft bans Bitcoin P2E, iPhone 15 & crypto gaming, Formula EBinance freezes Hamas-linked accounts after Israeli request


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