Recently, zkLend, a decentralized finance (DeFi) lending protocol operating on the Starknet blockchain, experienced a significant security breach that resulted in an unfortunate loss of approximately 3,700 ETH, translating to nearly $4.9 million. This incident illuminates the vulnerabilities inherent in the crypto space, especially within the rapidly evolving realm of DeFi. While zkLend has acted
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As Bitcoin (BTC) continues to capture the interest of both seasoned investors and crypto novices alike, its journey through recent market fluctuations offers an intriguing case study. Holding steady around the $96,000 to $99,000 range after weathering a dip to $91,000, Bitcoin’s ability to rebound raises questions about its future performance. Analysts suggest that while
In recent months, a notable shift has occurred within the legislative landscape regarding Bitcoin in the United States. Nearly 30 proposals at the state level are under consideration to allocate a portion of state funds toward Bitcoin reserves. This evolution points to a growing recognition of Bitcoin as a viable asset class that may benefit
In the rapidly evolving landscape of cryptocurrency, significant movements often pivot around major events or institutional involvement. Recent developments regarding Grayscale’s intentions to file for a Cardano exchange-traded fund (ETF) have sparked renewed interest in Cardano’s native token, ADA. With its price hovering around $0.79 and showing a recent uptick of 5%, it raises questions
In recent discussions surrounding the intersection of banking and cryptocurrency, Federal Reserve Chairman Jerome Powell has made notable statements regarding the central bank’s regulatory framework. On February 12, during a hearing with a House committee focused on monetary policy, Powell articulated that the Fed does not aim to obstruct banks from providing services related to
In a recent interview with Bloomberg, SEC Commissioner Hester Peirce opened the door to a significant discussion about the regulation of memecoins. As these digital tokens burgeon in popularity, fueled by social media trends and cultural phenomena, their classification and oversight remain contentious topics within the financial regulation framework. Peirce articulated a fundamental challenge: the
The cryptocurrency market continues to exhibit dynamic movements and evolving trends, as underscored by a recent report from CoinGecko. As of 2024, the total trading volume across centralized exchanges reached a remarkable $18.83 trillion, showcasing a shift in trading behavior and market dominance among major players. This article delves into the report’s findings, exploring how
In a significant move, Crypto.com has officially expanded its cryptocurrency asset services to encompass all European Economic Area (EEA) nations. This announcement, made on February 12 through a post on social media platform X, underscores Crypto.com’s strategy to bolster its presence in essential European markets. The exchange’s statement highlighted its eagerness to elevate its brand
In a bold move to enhance decentralized finance (DeFi), Uniswap announced on February 11th the launch of Unichain, its first Ethereum layer-2 (L2) solution. This initiative is significant as it not only marks Uniswap’s entry into a competitive landscape of layer-2 technologies but also aims to address longstanding challenges in the Ethereum ecosystem, such as
In a significant move that could reshape the regulatory framework for cryptocurrency in the United States, former President Donald Trump has reportedly chosen Brian Quintenz as the next Chair of the Commodity Futures Trading Commission (CFTC). Quintenz’s extensive background includes a prior tenure as a CFTC commissioner from 2017 to 2021, during which he actively
