Onyx to Close Ethereum-Based Lending Market, Relaunch Onyx Core
Following a $3.8 million attack on a well-known security vulnerability, Onyx intends to relaunch its governance-focused financial network with full community support. After suffering a $3.8 million loss in a hack on September 27, which exploited a known but unaddressed security vulnerability, decentralized finance (DeFi) protocol Onyx gained community approval to relaunch its open-source, permissioned […]
Ledn: Financial Institutions Explore Bitcoin-Backed Lending
Lower interest rates and increasing crypto adoption are encouraging more financial institutions to embrace Bitcoin-backed lending. Financial institutions are increasingly entering the Bitcoin-backed lending space as Bitcoin adoption continues to grow among investment managers, while fiat interest rates become more restrictive, according to a statement by Bitcoin-backed lending platform Ledn to Cointelegraph on Sept. 25. Institutional […]
PayPal Launches Crypto Services for US Businesses
This feature marks a significant advancement in PayPal’s integration of digital assets into its financial ecosystem. With the recent announcement of a significant update to its infrastructure, PayPal has made it possible for merchants in the United States to buy, hold, sell and transfer cryptocurrencies directly from their PayPal business accounts. This new function expands […]
Telegram’s Policy Change Prompts Privacy Concerns
Telegram will start sharing user data with relevant authorities in response to valid legal requests. The Telegram messaging app recently introduced a major update to its privacy policy, sparking user concerns about potential privacy issues. Telegram will now share user data with authorities in response to legitimate legal requests, including IP addresses and phone numbers […]
Crypto Lender Shezmu Recovers Hacked Funds via Negotiation
Shezmu negotiated with a hacker to retrieve over $5 million in stolen crypto and increase the bounty. Utilizing the Yield Protocol, Shezmu recovered nearly $5 million in stolen funds within hours after successfully negotiating with the hacker. On September 21, Chaofan Shou, co-founder of blockchain analytics firm Fuzzland, alerted the public to a compromised storage […]