Zabu Finance has been targeted by hackers in a $3.2 million heist. The DeFi protocol powered by the Avalanche (AVAX) blockchain, announced via Twitter on September 12, 2021, that the bad actors stole the funds by exploiting a vulnerability in its Spore liquidity pool. Zabu Finance Hacked Zabu Finance, a decentralized finance and yield farming protocol built upon the Avalanche […]

Press Release: After several years of success Coingaming Group is rebranding as Yolo Group, as the company continues to expand into new markets. September 13th, 2021, Tallinn, Estonia —  The Coingaming Group is now Yolo Group, following a full rebrand of the maturing business to better reflect its status as disruptors across a diverse range of sectors including gaming and […]

The price of Litecoin (LTC) rose to more than $237 earlier on Monday following erroneous reports from major news outlets that United States retailer Walmart would be introducing a payment option for the cryptocurrency on all of its e-commerce websites. CNBC, Reuters, Decrypt and others reported on Monday that Walmart planned to have a “Pay with Litecoin Option” for its […]

Andrew Bailey, the Governor of the Bank of England (BOE), has appointed Martin Pluves, an industry veteran with nearly three decades of experience in the global financial sector, as an external member of the Financial Market Infrastructure (FMI) Board. According to an official announcement shared by the BOE, the Financial Market Infrastructure Board is BOE’s decision-making executive committee. The Board […]

According to data from L2Beat, an L2 comparison platform, the total TVL on Layer-2 solutions has surpassed $3 billion, with Arbitrum accounting for $2.2 billion, or over 75%, of that total. The daily transaction volume was around 267k yesterday, according to data, indicating a growth rate of over 250 percent.  As DeFi ‘degens’ and Ethereum aficionados seek cheaper gas fees […]

Amid massive growth of the stablecoin market, the United States Treasury Department has reportedly discussed potential regulation for private stablecoins. The Treasury conducted several meetings last week to examine the risks of stablecoins for users, markets, or the financial system, as well as learn about their benefits and consider potential regulation, Reuters reported Sept 10. “The Treasury Department is meeting […]

The “smart contracts” function will be a systematic code that will bring more functionalities and utilities within the Cardano Blockchain, which in turn will allowing developers build apps or to migrate existing projects to the cardano ecosystem. Furthermore, when predefined conditions are met, the Smart Contract functions are executed by computer codes without human intervention, extending the utility of Cardano […]

The price of Bitcoin (BTC) has fallen to a low of $44,550 during a sideways trend. It is likely that the cryptocurrency asset will retest resistance at $47,000. Here is how the price has performed in recent days. Bitcoin contains between $44,350 and $47,000. The cryptocurrency will resume its upward momentum if buyers break the resistance at $47,000. The BTC […]

Marvel and DC seem to be breaking away from the established tradition of allowing creators and artists to sell original prints of published works due to their reported plans for entry into the nonfungible token (NFT) space. According to Bloomberg, the two comic book staples have barred artists from selling NFTs of the characters they create for the company. Both […]