SwirlLend Rug Pull as RocketSwap Hack Rock Base Network
Base, a new blockchain network that promises fast and cheap transactions, has been hit by two major incidents involving SwirlLend and RocketSwap, two projects built on its platform. SwirlLend, a lending protocol, suffered a rug pull that drained its assets, while RocketSwap, a decentralized exchange, was hacked by an attacker who exploited a bridge to […]
OPNX, Founders Fined $2.8M by Dubai Regulator
OPNX, a crypto exchange co-founded by former hedge fund managers Kyle Davies and Su Zhu, has been fined nearly $2.8 million by the Dubai regulator VARA for violating market rules. The exchange has not paid its fine yet, while the founders and other executives have settled their penalties. VARA, the Virtual Asset Regulatory Authority of […]
BitGo Raises $100M in Series C, Valued at $1.75B
BitGo has secured $100 million in a Series C funding round, reaching a valuation of $1.75 billion. The new capital will be used to expand its global presence and acquire strategic partners. BitGo announced its Series C financing round on Aug. 16, 2023, in a press release shared with Cointelegraph. New investors led the round […]
ThorChain (RUNE) Bucks Crypto Slump, Jumps 58% in One Week
ThorChain (RUNE) has outperformed the crypto market this week, recording a 58% increase in its price and a 5,160% surge in volume. The protocol allows users to swap native assets between eight different blockchains without intermediaries or wrapped tokens. ThorChain’s impressive performance comes amid a general downtrend in the crypto market, which has seen a […]
PayPal UK to Temporarily Stop Bitcoin Purchases Till 2024
PayPal United Kingdom will temporarily halt crypto purchases on its platform from Oct. 1, 2023, through early 2024 to comply with local financial regulations. PayPal is temporarily suspending the ability for its U.K. customers to purchase cryptocurrencies such as Bitcoin, the company told Cointelegraph on August 16. “PayPal customers who currently hold cryptocurrency can store […]