Arcadia Finance Faces Hack on Ethereum, Optimism for $455K
Decentralized finance (DeFi) protocol Arcadia Finance was hacked using a code vulnerability that allowed the hacker to drain funds worth roughly $455,000 from its Ethereum and Optimism vaults. PeckShield, a blockchain investigator, notified Arcadia Finance of a hack and identified the cause as “the lack of untrusted input validation.” Supposedly, the code lacked a mechanism […]
Binance Offers Bitcoin At $3K Discount
On Binance, Bitcoin is selling for just over $27,500.US, a discount of roughly $3,000 compared to global spot prices. Bitcoin is available at a discount of nearly $3,000 on Binance.US, which is substantially better than global spot prices; however, there is one catch. On July 9, many crypto users observed a widening price disparity between cryptocurrencies listed […]
Why Vitalik Buterin Suggests Bitcoin Scaling Solutions
This year, Vitalik Buterin lauded the development of Bitcoin Ordinals, stating that they represent a return to “builder culture.” Bitcoin (BTC), the largest cryptocurrency in the world, has firmly established itself as a store of value. However, some crypto devotees view the Bitcoin ecosystem as more than a payment system. Vitalik Buterin, a co-founder of […]