BNB Wallet Loses Over $53M Following Liquidation in Crypto Market
Following a pullback in the cryptocurrency space, a crypto wallet linked to the BNB Smart Chain exploit that resulted in the theft of BNB tokens worth approximately $600 million had three of its positions liquidated after BNB’s price dropped below $220. The cross-chain bridge of blockchain network BNB Smart Chain was suspended on October 6 […]
How AI and Blockchain are Shaping the Future of Fintech
As consumers get more comfortable using technology, the banking industry has seen a dramatic increase in adopting fintech solutions. Several technological developments will impact the future of fintech, but the notable ones include artificial intelligence and blockchain. It’s essential to recognize the exponential growth seen by the FinTech sectors due to technological advancements. FinTech plays […]
Cypher Protocol Freezes $600K Stolen Funds on CEXs
Cypher Protocol, situated in Solana, has prevented approximately $600,000 in stolen funds from leaving centralized exchanges. Cypher Protocol, a decentralized futures exchange based in Solana, managed to freeze $600,000 worth of cryptocurrency taken on August 7 via a security flaw. In a post on X (Twitter) on August 18, Cypher Protocol reported that, with the […]
Crypto Firm Helio Lending Placed on Bond Due to False License
Previously, the Melbourne-based crypto lender Helio Lending pled guilty to falsely professing to possess an Australian credit license. Helio Lending, a cryptocurrency lender based in Australia, was sentenced to a one-year non-conviction good behavior bond for falsely professing to hold a local credit license. The Australian Securities and Investments Commission announced on August 17 that […]
OpenSea to Disable Royalty Enforcement Tool
OpenSea’s royalty enforcement tool Operator Filter will be deactivated, according to the NFT marketplace’s founder and CEO, Devin Finzer. OpenSea is discontinuing its on-chain royalty enforcement tool, Operator Filter, which allowed creators to blacklist nonfungible token (NFT) marketplaces that do not enforce royalties. The transition will take effect on August 31, according to a statement […]