Binance Wallet Incurs Nearly $1M in ETH Gas Fees
Binance reportedly stated that they were aggregating user wallets to guarantee the security of user funds. A Binance-affiliated cryptocurrency wallet has expended 530 Ether. Etherscan, a blockchain data explorer, reports that approximately $843,797 in gas fees were paid in 24 hours. On September 21, gas fees on the Ethereum network increased from a minimum of […]
eToro Secures Crypto Registration in Cyprus For EU Expansion
According to Hedva Ber, eToro’s deputy CEO, Europe is “hugely important” to the company, as the majority of eToro’s users are located there. eToro, a brokerage firm that supports cryptocurrencies, is expanding its crypto services globally after receiving regulatory sanctions in Europe. EToro has been registered as a Crypto Asset Service Provider (CASP) by the […]
Tether Stablecoin Sees Increase in Secured Loans
Tether, the largest stablecoin issuer in the cryptocurrency market, has seen an increase in its stablecoin lending, or secured loans, in 2023, despite its plans to cut it down to zero by 2024 According to Tether’s most recent quarterly report, its assets included $5.5 billion in loans as of June 30, up from $5.3 billion […]
Anti-CBDC Bill Passes House Financial Services Committee
The CBDC Anti-Surveillance State Act, which aims to prevent “unelected bureaucrats in Washington” from issuing a central bank digital currency (CBDC), has passed the House Financial Services Committee. The bill’s author, Representative Tom Emmer, issued a press release on September 20 stating that the CBDC Anti-Surveillance State Act was passed out of committee and reported […]
Balancer Recovers from DNS Attack, Warns of .fi Domain Risks
Balancer has recovered its domain after a DNS attack that compromised its website and led to the loss of $240,000 in crypto. The attack resulted from a social engineering attack on EuroDNS, the domain registrar for .fi domains. Balancer is considering moving to a more secure registrar and warns other projects to do the same. […]