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A white hat hacker recently discovered a bug within the latest upgrade for Arbitrum that could have led to the theft of over $530 million from the network. And earlier this week, Arbitrum builder OffChain Labs compensated the hacker, who operates under the pseudonym 0xriptide, with a bounty of 400
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A New York judge has ordered stablecoin issuer Tether to show financial documents that indicate the dollar backing of USDT . This development follows a lawsuit that alleges the Bitfinex-owned firm manipulated the crypto market. Tether has been ordered to release “general ledgers, balance sheets, income statements, cash-flow statements, and profit
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Popular crypto exchanges, Binance and FTX have placed the top bids of $50M each to purchase the assets of bankrupt crypto lending platform Voyager Digital. Other bidders include Wave Finance and CrossTower. While the Wall Street Journal reports that Binance’s bid is currently higher than that of FTX, the
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South Korean authorities have asked Interpol to issue a red notice for Terra’s co-founder, Do Kwon as his current location remains unknown. The report by Financial Times comes barely 48 hours after Do Kwon said he wasn’t on the run, adding that his company will defend itself in
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Following the Ethereum merge and the transition of the network to a proof-of-stake consensus mechanism, Dogecoin has now become the second-largest proof-of-work coin after Bitcoin based on market capitalization. Launched as a Joke in 2013, Dogecoin is the 10th largest crypto coin, with a market capitalization of $7.95 billion.
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World’s second-largest cryptocurrency by market capitalization, Ethereum, is down by 19% in the last 7 days. This is even as the long-awaited transition to a proof-of-stake network took place last Thursday as planned. Following the merge, Ethereum dipped 8% to below $1,500 and continued falling. At the time
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Do Kwon, the co-founder of Terra has said he is not ‘on the run.’ This comes after South Korean prosecutors issued an arrest warrant for Kwon, the brain behind the Terra ecosystem which crashed in May. While the authorities had asked the finance ministry to nullify his passport, they also
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The U.S. Treasury Department has announced the addition of 22 individuals and two entities tied to the Russian government to the Office of Foreign Assets Control (OFAC) sanctions list. This development is in response to the ongoing war in Ukraine. According to the OFAC, then entities supported the invasion
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Largest coin by market capitalization Bitcoin has risen by 0.7% reaching $ 21,582. Similarly, Ethereum is up by 1.6% ahead of the Merge which comes up in a few days. At the time of writing, Bitcoin and Ethereum are exchanging hands at $21,582 and $1,762 respectively.
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Popular software company MicroStrategy is looking to buy more Bitcoin despite being the single largest corporate holder of Bitcoin at about 129,000 BTC. This new development comes just a month after its CEO Michael Saylor stepped down and a week after the Washington D.C Attorney-General sued the company
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World’s most popular search engine, Google, is counting down to the activation of the Ethereum Merge as a sign of recognition. The Google ‘’doodle’’ is now counting down to the upgrade. The nod from the search engine comes as Ethereum prepares to transition to a less energy-intensive proof-of-stake method
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As the entire cryptocurrency industry awaits the highly anticipated Ethereum Merge, some companies are beginning to launch projects while others are borrowing funds in preparation of the event. While data firm ConsenSys is launching sustainable Non-Fungible Tokens (NFTs), Bounty hunters are fixing bugs in their codes to celebrate the upgrade.