On April 3, 2023, at Ethereum block height 16,964,664, a group of MEV (Maximal Extractable Value) bots were exploited for $25.3 million. An analysis of the exploit revealed that a renegade validator switched the MEV bots’ transactions and seized various crypto tokens, such as 7,460 wrapped ether and 64 wrappedContinue Reading
Ethereum surged to an eight-month high on Tuesday, as bulls began to gradually return to cryptocurrency markets. As the session matured, the global market cap moved higher, and is up by 1.27% at the time of writing. Bitcoin moved closer to a key resistance level at $28,500. Bitcoin Bitcoin (BTC)Continue Reading
The Zambian kwacha, one of the best-performing currencies in 2022, is now expected to see its first quarterly decline in nearly two years. The Zambian leader Hakainde Hichilema claimed that stalled debt restructuring negotiations are adding to pressure against the local currency. Zambia’s Debt Default After ending 2022 as oneContinue Reading
The U.S. Federal Reserve could be competing with commercial banks due to a facility called the “overnight reverse repurchase agreement facility,” which has currently drawn in more than $2 trillion in deposits. According to analysts, this has affected bank deposits, as investors run to grab the higher yields it offersContinue Reading
A bill seeking to put blockchain and crypto assets under the purview of the Kenyan Capital Markets Authority is supposedly set to be debated in the country’s parliament. The bill also seeks to “widen the meaning of ‘securities’ to capture digital currencies.” The persons that receive licenses from the regulatorContinue Reading
The move further solidifies Bitcoin Ordinals as the premier digital art platform for high-end collections. Legendary car maker Bugatti and luxury goods company Asprey have partnered to create a limited-edition collection of eggs that will be inscribed on the Bitcoin blockchain using the Ordinals protocol. According to the announcement byContinue Reading
American fashion giant Ralph Lauren will now accept sound money for clothing at a store in Florida. Famous American fashion brand Ralph Lauren has partnered with BitPay to accept bitcoin payments at its new Miami Design District store. This will be the first retail store of the brand to acceptContinue Reading
Homes over the price of $1 million in Florida, Texas and Colorado can now be mortgaged with bitcoin as collateral. Lending platform Moon Mortgage has launched its core mortgage product that allows investors to use their bitcoin as additional collateral to secure funding for real estate purchases. The mortgage productContinue Reading
The exchange cites staff departures and regulatory challenges for the suspension, saying they’re “not sure if it will come back.” Paxful, one of the world’s largest peer-to-peer (P2P) cryptocurrency exchanges by volume, has announced the suspension of its marketplace. The announcement was made by the company’s founder and CEO, RayContinue Reading
As financial institutions’ “too big to fail” mindset erodes, can Bitcoin’s pioneering decentralization save our wealth? This is an opinion editorial by Nikolay Denisenko, co-founder and CTO of Brighty, a Swiss crypto and fiat banking app For years, the global centralized banking and finance industry has maintained a “too bigContinue Reading
