Radiant Capital Halts Lending after Exploit
Radiant Capital’s lending protocol on BNB Chain and Arbitrum was hacked, with $50–58 million stolen by exploiting a vulnerability in the ‘transferFrom’ function. The cross-chain lending protocol experienced a cybersecurity compromise on BNB Chain and Arbitrum that was estimated to be worth more than fifty million dollars, according to Radiant Capital and two cybersecurity experts. […]
Praxis Secures $525M for Utopian AI Crypto City
Praxis, a project to build a low-regulation city for AI and cryptocurrency leaders, has secured $525 million, mostly from GEM Digital. A project that aims to build a city with fewer laws for leaders in the fields of artificial intelligence and cryptocurrency has reportedly secured a fundraising pledge of $525 million. On October 15, Praxis, […]
Tesla transfers $765M Bitcoin to unknown wallets
Tesla transferred $765 million in Bitcoin (11,500 BTC) on October 15, leaving its wallet with just $6.68. Tesla, a company that manufactures electric vehicles, transferred all of its Bitcoin holdings, totaling more than $765 million, to an unknown number of wallets. According to information provided by Arkham Intelligence, cryptocurrency wallets that were identified as belonging […]
Glassnode Report Shows The Crypto Market Is Maturing
Coinbase and Glassnode reported on stablecoin adoption and Ethereum layer-2 scaling solutions in the cryptocurrency market. Coinbase and Glassnode published research on the cryptocurrency market on October 15, citing the rapid acceptance of stablecoins and the ongoing development of Ethereum layer-2 scaling solutions as key catalysts for the market’s maturation. In the course of this […]
UK Identifies TikTok as Unregulated Crypto Platform
TikTok is under UK scrutiny for allegedly acting as an unregistered bitcoin exchange, based on concerns from a former compliance consultant. TikTok has faced criticism for potentially operating as an unregistered bitcoin exchange in the United Kingdom, prompting an increase in monitoring. The United States Attorney’s Office made the charges public after receiving a letter […]