Lido Finance, the Ethereum staking protocol, has responded to allegations that hackers exploited a security flaw in the token contract of Lido DAO (LDO). Despite the existence of the flaw, Lido Finance assures users that both the LDO and staked-Ether (stETH) tokens remain secure and unaffected. While Lido Finance did not confirm any specific exploits,
Grayscale’s recent victory over the SEC has been hailed as a major setback for the financial regulator. However, despite this win, the crypto industry has not witnessed a significant increase in the accumulation of digital assets in the spot market. In fact, data from CCData’s latest report reveals a continued decline in trading volume for
Coinbase, one of the leading cryptocurrency exchanges, has recently announced an increase in the interest rate for holding the USDC stablecoin. Users can now earn up to a 5% reward rate on USDC holdings, a significant improvement from the previous 4% rate introduced earlier this year. This update demonstrates Coinbase’s commitment to promoting stablecoin adoption
The price of Pepecoin (PEPE) has experienced a significant downfall, plunging nearly 85% from its previous record high of $0.00000448 in May 2023. Unfortunately for investors, this bearish momentum is likely to persist throughout the month of September. The cryptocurrency has recently encountered two troubling security breaches, leading to a diminished level of confidence among
G20 leaders are taking significant steps towards the establishment of a Crypto Asset Reporting Framework. This new framework aims to collect and exchange information about the use of cryptocurrency and digital assets among G20 member countries. The primary objective behind this initiative is to ensure that individuals and entities utilizing cryptocurrency are not evading taxes.
The FTX crypto exchange, which filed for bankruptcy but plans to restart operations, is now looking to recover some of the money it paid to popular celebrities and professional athletes who once promoted the platform. While notable names like Shaquille O’Neal and Naomi Osaka have been mentioned, it is interesting to note that Tom Brady’s
Shiba Inu (SHIB) has been facing a tough time lately, as its price struggles to make any significant gains in the unpredictable crypto market. Those who witnessed the impressive rally between mid-June and mid-August are now confronted with the harsh reality that these gains have been nearly wiped out. Despite entering the final quarter of
In this digital era, companies are constantly on the lookout for effective tools to streamline their content creation process. One such tool that has caught the attention of many is WriteMingle, a new software application developed by yPredict. With its incorporation of artificial intelligence (AI), WriteMingle aims to revolutionize content strategy and management for businesses.
JP Morgan, the prominent American financial services giant, is reportedly developing a new type of token to enhance its cross-border payments and settlements. The multinational firm has made significant progress in establishing the necessary infrastructure for the launch of a deposit token. However, before proceeding, JP Morgan is awaiting regulatory approval from U.S. authorities. The
Leading cryptocurrency exchange Binance recently announced that it will be discontinuing support for non-fungible tokens (NFTs) as well as its Sandbox NFT Staking Program. The company stated that these changes are a result of their “consideration and evaluation” process and are part of their efforts to streamline their services. However, Binance did not provide any
