Mirror Protocol Stops Activities After Losing $2 Million To Attackers
Based on reports, a seemingly catastrophic loss on Terra‘s Mirror Protocol was just averted at the last minute. Key takeaways The Mirror protocol stopped an exploit that started yesterday and resulted in a loss of around $2 million. The stalled project has some assets affected to prevent funds from being further withdrawn. The mirror log […]
Basel Committee Pushes For Restrictive Requirements On Banks’ Crypto Holdings
The Committee of Central Banks and Regulators has proposed a “conservative regulatory treatment” for crypto assets, which banking groups say is prohibitively expensive. The Basel Committee on Banking Supervision met on Friday and discussed cryptocurrencies, among other things. The committee said it would be publishing its second advisory document shortly, with the intention of finalizing […]
Russian Central Bank Reverses Decision On International Crypto Payments
More and more signals from Russian authorities lead to a growing recognition of cryptocurrencies as a tool for international payments. In the past, the central bank has been adamant about crypto payments in Russia. Russia is open to international cryptocurrency payments Russia’s central bank hinted that an easing of its ban on digital currencies could […]
Recently Released Data Shows Wealthy Coinbase Users Stil Hodling Bitcoin Since December 2020
According to reports, over 10k BTC bought by institutions on Coinbase since 2020 have not yet been sold. Bitcoin (BTC) price is down more than 50% after hitting $69,000 six months ago, but the drop has done little to force some of its wealthiest investors to sell. Notably, since the fourth quarter of 2020, the […]
Crypto Community With Over 80% Historical Accuracy Predicts BTC Price For June 30, 2022
BTC price went up by over 8% in the previous week, up about 18% from its 2022 year low of $26,700 on May 12 following the cryptocurrency market crash caused by the fall of the TerraUSD (USDT ). Given the volatility in all financial markets, not just the cryptocurrency sector, many retail investors are hesitant […]