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Over 8,000 internet-connected "hot" wallets have been compromised so far, but the source of the attack remains unknown. The Solana ecosystem appears to be the victim of cryptoâs latest exploit, with users reporting that their funds have been drained without their knowledge from major internet-connected âhotâ wallets including Phantom, Slope and TrustWallet. The attack is still ongoing, and over 8,000...
The news was hailed as a historic event for South American football, but it could bring unexpected consequences for Argentinian club Banfield, amid local FX restrictions. This piece is part of CoinDesk's Sports Week. Giuliano Galoppo, middle, playing for Banfield. (Rodrigo Valle/Getty Images) This week, SĂŁo Paulo, one of Brazil's most important soccer teams, announced the acquisition of Giuliano Galoppo,...
The Federal Reserve and Federal Deposit Insurance Corp. issued a cease-and-desist statement to Voyager, saying it made false claims that its customers would have government protections. Crypto lender Voyager Digital has been ordered by U.S. banking regulators to stop making incorrect claims that the company was insured by the government. The Federal Reserve and Federal Deposit Insurance Corporation ordered Voyager...
The NY Times reported that Kraken allegedly allowed Iranian users onto the platform. Kraken CEO Jesse Powell (CoinDesk) Crypto exchange Kraken is reportedly under investigation by the U.S. Treasury Department on suspicion it allowed Iranian users to utilize the site's services in violation of federal sanctions. The New York Timesreported Tuesdaythat the Treasury Department was likely to impose a fine...
Ethereumâs imminent transition to a proof-of-stake consensus mechanism will transform its monetary policy, potentially making ETH more scarce than Bitcoin. Ethereumâs imminent transition to a proof-of-stake consensus mechanism will transform its monetary policy, potentially making ETH more scarce than Bitcoin. Ethereum researcher, Vivek Raman, is convinced that Ethereumâs upcoming transition to a proof-of-stake (PoS) system will enable it to take...
Improved investor sentiment and increased demand ahead of the Ethereum Merge has sparked a market recovery, according to the bank. Demand among retail investors in the crypto market is improving, and the "intense phase" of deleveraging appears to be over, JPMorgan Chase & Co. (JPM) said in a report on Thursday. "The extreme phase of backwardation seen in May and...
The French bank will be working with crypto custody specialist Metaco, which is becoming the go-to provider for banks and institutions looking to enter the crypto space. (Reinhardhauke/Wikimedia) French Bank BNP Paribas (BNP) is entering the crypto custody space via a partnership with Swiss digital asset safekeeping firm Metaco, according to three people with knowledge of the deal. Many large...
Bitcoin the inflation hedge; the prodigal child returns. (Mike Kemp/Tetra Images/Getty) The U.S. The Bureau of Labor Statistics released theconsumer price index (CPI), the âinflation number,â for June this week. So macro trends are this weekâs featured flavor since CPI wasnât exactly pretty. From the press release: âOver the last 12 months, the all items index increased 9.1 percent before...
SPONSORED Press release On June 28, 2022, the development team from the Avoteo SL released a beta version of the Avoteo crowdfunding platform according to the Road Map released at the beginning of the ICO. After a short registration process and connecting your wallet you can use the full range of the platform functions. The first users have already started...
The company will use what it calls a Proof-of-Benefit mechanism, saying it is the only sustainability-focused blockchain unicorn in the world. Blockchain layer 1 network5irehas raised $100 million in Series A funding from U.K.-based conglomerateSram and Mram, it said Friday. 5ire, which is incorporated in Dubai, said in a press release it plans to use the funds to expand into...
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