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The South Korea-based crypto investment firm failed to make a payment on a $3.4 million loan to TrueFi, a decentralized lending protocol. Falling dominoes (Getty Images) South Korean blockchain investment firm Blockwater Technologies defaulted on a loan from TrueFi, a decentralized lending protocol, TrueFi said in astatementSunday. According to the statement, TrueFi issued a “notice of default” to Blockwater on...
The chain has now resumed operations after fixing a exploit that allowed an attacker moved $100 million-$110 million in crypto off the Binance-linked blockchain. Binance's CZ speaking at Messari Mainnet (Danny Nelson/CoinDesk) BNB Chain isback in operationas of 07:00 Coordinated Universal Time (UTC) after it was forced to hit the brakes on Thursday after the blockchain with ties to the...
The fund has raised about $5 million since sales opened in late September Fidelity’s new Ethereum Index Fund will offer clients access to ether (ETH), the second-largest cryptocurrency by market capitalization. The fund has raised about $5 million since sales started on Sept. 26, according to a filing with theU.S. Securities and Exchange Commission. The minimum investment is $50,000. Fidelity...
The exchange says the issue was identified and a solution implemented. Coinbase has fixed a technical problem that caused it to temporarily halt payments and withdrawals involving U.S. bank accounts. The crypto exchangesaidon Sunday at 12:41 p.m. New York time (4:41 p.m. UTC) that the "incident has been resolved," according to itssystem status page. A few hours earlier, the company...
The company activated purchases with crypto on its technology marketplace after adding a payment feature provided by Bit2Me. Telefónica, Spain’s largest telecommunications company, is enabling the purchase of products on its technology marketplace with cryptocurrencies. The company activated purchases with crypto onTu.comafter adding a payment feature provided by Spain's largest crypto exchange, Bit2Me, the crypto firm told CoinDesk. Telefónica has...
The CFTC’s motion for alternative service asks a California judge to approve of the unconventional way Ooki DAO members were served. Commodity Futures Trading Commission CFTC logo (Mark Van Scyoc/Shutterstock) The Commodity Futures Trading Commission (CFTC) used unorthodox methods to serve a lawsuit against the pseudonymous members of a decentralized autonomous organization (DAO), according tocourt documents filed on Tuesday. Members...
The proposal puts forward an “opt-in” token standard that would enable victims to report theft to a governance contract, with algorithms helping to identify and freeze ill-gotten gains. The proposal puts forward an “opt-in” token standard that would enable victims to report theft to a governance contract, with algorithms helping to identify and freeze ill-gotten gains. Stanford University researchers have...
Layoffs at stakefish took effect on the same day as the Ethereum Merge – just as they were set to play a key role in securing the revamped blockchain. Layoffs at stakefish took effect on the same day as the Ethereum Merge. (Unsplash/Luca Bravo) On the very day that theEthereum Mergedramatically elevated the importance ofvalidatorsin the blockchain’s ecosystem, one of...
The firm's CEO described the company as solvent following the $160 million hack. Evgeny Gaevoy, Wintermute CEO (Danny Nelson/CoinDesk) Cryptocurrency market maker Wintermute, the victim ofTuesday's $160 million hack, has over $200 million in outstanding DeFi debt to several counterparties, according to on-chain data. The largest debt involves a$92 million tether (USDT) loan issued by TrueFi, which is due to...
Trust Wallet CEO says the current bear market could provide an opportunity for the Web3 industry to address consumer concerns before the next bull market. Trust Wallet CEO says the current bear market could provide an opportunity for the Web3 industry to address consumer concerns before the next bull market. Widespread adoption ofWeb3mayeventually become a reality but Trust Wallet CEO...
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