Belt Finance has become the latest Binance Smart Chain-based decentralized finance, or DeFi, protocol to lose millions to an opportunistic hacker. The Rekt Blog, which post mortems DeFi exploits, stated that an attacker exploited a flaw in the way the protocol’s vaults calculates the value of its collateral which helped […]

The Danish financial markets regulator has ordered Saxo Bank A/S to ensure the submission of complete and accurate information on transaction reporting as the company had many ‘deficiencies’ in previous reports. “Since the beginning of 2018, Saxo Bank A / S’s reports of transactions have been associated with a number […]

The U.S. Securities and Exchange Commission (SEC) has urged Congress to pass cryptocurrency legislation to protect investors, the new SEC chairman has revealed. The securities regulator is also working with the Commodity Futures Trading Commission (CFTC) and the U.S. Treasury Department to combat criminal activity facilitated by cryptocurrencies, the chairman […]

Ethereum failed to continue above $2,500 and started a fresh decline against the US Dollar. ETH price is showing bearish signs and it could continue lower below $2,240. Ethereum is struggling to gain bullish momentum above the $2,400 and $2,500 levels. The price is now trading well below $2,450 and […]

Major British bank Natwest has launched an alert to urgently warn its customers of cryptocurrency scams, which have been on the rise. The bank has provided several tips for customers “thinking of investing in bitcoin or other cryptocurrencies” on how to spot scams involving cryptocurrencies. “If you ignore the above […]

Recently, popular New Zealand-based crypto analyst Lark Davis (@TheCryptoLark on Twitter) talked about why he is super bullish on Cardano ($ADA). His comments were made in a video released on his YouTube channel on May 26. Below are a few highlights: “I think that we could be in for a bit […]

XRP holders have scored a new victory. A lot has passed since December 2020, when the Securities and Exchange Commission (SEC) filed its case against Ripple Labs. Things started in the regulator’s favor, but with every new development, the situation seems to be changing. According to a document published by […]

According to some media outlets, it might be possible for KBC, one of the largest banks in Belgium, to launch a crypto token. Over the last years, several organizations and institutions launched their own coins in order to offer new services to clients and users. This shows that traditional financial […]

China is accelerating its pursuit of a digital yuan that is anticipated to be finally rolled out before the end of 2021. One of the reasons to issue its own central bank digital currency (CBDC) is to keep a close eye on and control the transactions of the citizens. As […]