The Impact of Crypto on the Art World and Beyond
The market for valuable art has also been impacted by cryptocurrency, opening up new avenues for investors to purchase rare and distinctive works. For instance, NFTs (Non-Fungible Tokens) have allowed collectors to possess a unique digital asset that signifies ownership of an original work of art. Because of this, there is now a market for […]
French police arrest two suspects regarding Platypus exploitation
Regarding the Platypus exploit, the French authorities have detained two suspects and seized cryptocurrency valued at 210,000 euros. According to local authorities, two people have been detained by the French police in relation to Platypus’ $9.1 million exploit, and 210,000 euros worth of cryptocurrency has been seized. According to Platypus, on-chain detective ZachXBT and cryptocurrency […]
Circle notes an increase in circulation of USDC stablecoins
In reaction to the BUSD event, Circle stated on February 23 that USDC circulation has significantly increased. Over the past seven days, they have issued 2.1 billion coins, redeemed 1.5 billion, and increased the net circulation by $600 million. Financial technology firm Circle has reported a sharp increase in the USDC stablecoin’s circulation. The business […]
Solana blockchain impacted by technical issue
On February 25, the Solana (SOL) network encountered a serious issue that limited users’ capacity to carry out transactions. The network underwent a forking event that resulted in numerous copies of its transaction history, impeding its ability to function in ways like cryptocurrency trading and asset transfers. By 00:53 New York time, the crisis began, […]
Jump Crypto, Oasis recover 120k ETH from Wormhole exploit
Jump Crypto stated that it has succeeded in recovering the 120,000 ETH that had been lost as a result of the infamous Wormhole hack in 2022. The sender conned the contracts and moved the debt and collateral from the explorer’s vaults to their vaults during the Wormhole exploit, claims decentralized finance (DeFi) platform Oasis.app. The […]