Venus Protocol Eyes BNB Liquidation as Price Drops
Venus Protocol, a decentralized lending platform on Binance Smart Chain, has announced its readiness to liquidate a large BNB position belonging to a hacker potentially. The protocol said that if the BNB falls below $220, the Binance Chain core team will take over the position without affecting the protocol or its users. The hacker’s BNB […]
Thirdweb Hires Ex-Facebook Exec to Lead Web3 Gaming Push
Thirdweb, a startup that offers a Web3 development framework, has appointed former Facebook executive Atif Khan as its new Vice President of Gaming. The company also showcased its capabilities by building a Web3 game from scratch on Base. Atif Khan is a veteran in the gaming industry, having spent eight years at Facebook, most recently […]
Winklevoss Twins: Crypto War may doom Democrats In 2024
The Winklevoss twins, co-founders of the crypto exchange Gemini, have warned that the Democrats’ hostile approach to crypto regulation could backfire and hurt their chances of winning the 2024 presidential elections. They also argued that the Democrats risk losing the support of young voters, the biggest crypto adopters, and a key party demographic. The Democrats’ […]
Sturdy Finance loses $800K In Oracle Attack
Sturdy Finance, a decentralized lending platform, lost $800,000 in a security breach on Saturday. An unidentified hacker exploited a reentrancy vulnerability and manipulated a faulty price oracle to drain funds from the Protocol. Sturdy Finance, a decentralized lending platform, suffered a major security breach on Saturday, losing 442 ether (ETH), worth about $800,000 at the […]
Andreessen Horowitz Expands Crypto Presence With London Office
Andreessen Horowitz, a leading U.S. venture capital firm and cryptocurrency investor, announced on Sunday that it would open its first international office in London later this year. The move comes amid increased regulatory scrutiny of the crypto sector in the U.S. The London office will be part of the firm’s a16z crypto fund, launched in […]