$3.2 million has been stolen from DeFi protocol Zabu in what appears to be the first major hack on the Avalanche ecosystem. Zabu confirmed the news, stating that the funds were stolen from its SPORE pool. We've been exploited today. What happened? Everything was from a Pool
Bitcoin & Ethereum * Users of Seety, a Belgian digital parking start-up, can now pay for parking sessions in Antwerp and Brussels with Bitcoin, Ethereum, and five other cryptocurrencies. * Mexican retail giant Grupo Elektra will soon enable support for Bitcoin Lightning payments. * Amid Bitcoin’s latest rally, the Vietnam crypto mining
Customers of the UK Post Office can now make in-app Bitcoin purchases following a partnership with German-based crypto exchange Swarm Markets. The partnership will allow users that have verified their identities through the Post Office EasyID app to directly access and purchase cryptocurrencies from Swarm’s websites. Users can gain
The Fairfax County Police Officers Retirement System (PORS) and Fairfax County Employees' Retirement System (ERS) are seeking approval to invest directly in an investment fund that provides Bitcoin offerings along with other crypto derivatives. The two Virginia public pension funds are willing to invest $50 million in a Parataxis
A survey conducted by Sherlock Communications in conjunction with research platform Toluna has revealed that nearly half of Brazil’s population wants the government to adopt Bitcoin. According to local news outlet Valor Investe, 48% of Brazilians appear to be pro-Bitcoin. While 31% of the respondents agreed to the idea
Christopher Naples, a former I.T. supervisor with Suffolk County, has been arrested and charged with several offenses for mining cryptocurrencies in a government facility. According to the New York Times, Naples was accused of using thousands of dollars in stolen electricity to power 46 devices used for cryptocurrency mining.
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Over the last few years, the crypto industry spent a lot of time and effort focusing on two aspects — decentralization and interoperability. Decentralization was definitely the more successful of the two, bringing forth the entire DeFi sector as we know it today. Interoperability also saw great progress, connecting blockchain and
According to data from crypto news and research firm, The Block, Bitcoin’s average hash rate reached 135 EH/s on Thursday. Bitcoin's weekly moving average hash rate has gradually increased to the midpoint of its all-time high and recent lows. The network’s hash rate is now
Bancoagrícola, El Salvador’s largest financial institution is set to boost the country’s Bitcoin adoption policy, thanks to a partnership with digital payments gateway Flexa. According to an official press release shared by Flexa, the partnership will enable Salvadorans to use a variety of Bitcoin-related services like loans, credit
Two of Australia’s largest banks have totally ignored criticism surrounding their choice of not doing business with crypto firms. The National Australia Bank (NAB) and Westpac were told that their decisions could restrict the industry’s growth. NAB Chief Executive Ross McEwan told a regular parliamentary hearing that "
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The past couple of years have witnessed a lot of different innovative ways to earn money in the crypto space. Also, the advent of decentralized finance (DeFi) in crypto has been dominating talks about passive income and crypto investments. Since then, there have been a number of crypto projects seeking
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Since 2017, traditional bank UBS Group AG has been expanding its artificial intelligence (AI) workforce to include data scientists, architects and business analysts. Ubs started early on using algorithms to help clients build and manage portfolios with little or no human interaction. Credit Suisse Group AG began rolling out similar
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The DeFi sector has brought the ability to earn in the cryptocurrency industry by significantly reducing the exposure to risk that traders had to deal with in the earlier years of crypto. This came in the form of passive income, where users got to engage in various activities like staking,
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PlutuSwap races against time in the development of its Automated Market Maker platform, which they promised that when launched, it will be the choice DEX/AMM platform for the Cardano Blockchain. Plutuswap is a decentralized exchange using the Extended Automated Market Maker (EAMM) protocol as its backbone, built on the
According to a post by crypto analytics firm Glassnode, the amount of lost or hodled Bitcoin has hit a seven-month peak of 7,167,889.595 BTC, exceeding 33.96% of the total Bitcoin supply. 📈 #Bitcoin $BTC Amount of HODLed or Lost Coins just reached a 7-month high of 7,
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The Swedish Central Bank has likened Bitcoin and cryptocurrencies to collecting and selling stamps. The bank’s governor Stefan Ingves is quite confident that private money will lose their funds in the cryptocurrency market. His bearish sentiments are linked to the fact that digital assets are unable to function and