Onyx Protocol $2 Million Loss Due to Flash Loan Scam
DeFi project Onyx Protocol falls victim to an assault and loses $2.1 million worth of ETH in a flash loan scam. The decentralized finance (DeFi) project Onyx Protocol lost roughly $2.1 million worth of Ethereum (ETH) tokens due to flash loan exploitation in the most recent security breach incident. According to reports, the wallet address of […]
UK Outlines Stablecoins Regulation Plans
Non-fiat-backed stablecoins, including algorithmic stablecoins, will not be permitted in regulated payment chains. The government of the United Kingdom has published an update to its plans to regulate fiat-backed stablecoins. However, the document , published on 30 October, seeks to facilitate and regulate the use of fiat-backed stablecoins in U.K. payment chains. His Majesty’s Treasury plans to […]
Standard Chartered-Backed Zodia Expands to Hong Kong
The demand for cryptocurrencies in Hong Kong is primarily fueled by institutional investors rather than retail customers, according to Zodia’s CEO. Zodia, the institutional cryptocurrency custody platform jointly backed by Standard Chartered, SBI Holdings, and Northern Trust, is expanding its services to Hong Kong. According to Zodia CEO Julian Sawyer, as reported by CNBC on October […]
dYdX Deploys Layer-1 Blockchain
The creation of the genesis block by chain validators marks the successful launch of dYdX’s layer-1 proof-of-stake blockchain. dYdX, a decentralized cryptocurrency exchange, has inaugurated its layer-1 blockchain with the creation of its genesis block, which will utilize DYDX tokens. The dYdX Chain is configured to pay all validator and staker fees in USD Coin. […]
Google Cloud Web3 Integration Increases Injective Price Up 10%
As a result of the incorporation of Web3 finance data into Google Cloud BigQuery, the price of injective has risen by 547% since January to $13.15. The price of Injective (INJ) is unaffected by the widespread consolidation observed on the cryptocurrency market since Thursday, rising 10% on Friday to $13.15. The interoperable Layer-1 blockchain that powers […]