Cabbage(CAB)

Japan's cabinet approved a bill adding crypto to the list of assets the nation's investment funds and venture capital firms can acquire.

Indonesian police reportedly shut down ten mining operations, confiscating 1,134 Bitcoin machines, electrical cables, and various computer parts.

Prime Minister Fumio Kishida’s government has been considering submissions on how best to encourage the industry's development, which it sees as a pillar of economic reform.

In April, Esteban Cabrera Da Corte pleaded guilty to participating in a crypto scheme that defrauded U.S. banks of $4 million.

His predecessor, Andrew Griffith, will head up the Department for Science, Innovation and Technology.

Stéphanie Cabossioras is at least the tenth senior executive to depart the crypto exchange this year.

Binance said that it is working towards integrating new fiat channels.

In a surprising turn of events, the Shanghai No.2 Intermediate People’s Court in China has officially recognized Bitcoin as a unique and non-replicable digital asset while acknowledging its scarcity and inherent value. This landmark decision comes despite the Chinese government’s hostile stance on cryptocurrencies, including a blanket ban on all cryptocurrency activities, including Bitcoin mining, […]

According to local media, Nikkei.com, this updated system is specifically applicable to a category of funds known as Investment Business Limited Partnerships (LPS).

Elon Musk’s X has received the Rhode Island Currency Transmission License, clearing the way for the platform to provide crypto payments and trading services. With the acquisition of the license, X will be able to give 400 million users across the world access to cryptocurrency trading and payments. X To Offer Crypto Payments To Users The crypto space has another reason to cheer after Grayscale’s victory against the United States Securities and Exchange Commission (SEC) on the 29th of August. X (formerly Twitter) has acquired the necessary licenses to offer its users cryptocurrency payments and trading services. The move comes after the social media platform allowed the integration of NFTs as profile pictures at the beginning of 2022. According to reports, X received the Rhode Island Currency Transmission License earlier this week. This comes a few months after the platform announced its plan to integrate crypto trading directly into its platform. The company announced in April, stating that users would be able to access stocks, crypto, and other financial instruments through a partnership with eToro. The Rhode Island Currency Transmission License is crucial for storing, transferring, and trading digital assets. It is applicable to all types of crypto entities and firms. This includes crypto wallets, crypto exchanges, and payment processors and intermediaries that hold the custody of user funds within wallets. However, it remains to be seen what specific crypto-payment features the platform will offer. Elon Musk And Crypto With X obtaining the Rhode Island Currency Transmission License, users on X can directly access crypto trading. X currently has over 400 million users. This would play a significant role in increasing crypto adoption, giving millions access to crypto. The move also comes at a time when governments across the world are becoming more open to accepting cryptocurrency and crypto payment services. Musk acquired Twitter (now X) and is a firm believer in the crypto space. His association with crypto goes way back to 2021, when he first endorsed Bitcoin and Dogecoin. The latter turned into a firm favorite of Musk. Since acquiring Twitter, Musk has strived to reimagine and transform the platform into a comprehensive financial services platform, which also includes the addition of cryptocurrencies. Twitter had already dabbled in the crypto space when it announced the integration of NFTs on the platform. The NFT integration allowed users to display their unique NFTs through profile pictures. However, users needed to be subscribed to the Twitter Blue service. This helped the platform generate significant revenue. Musk has stated that he wants to transform X into the ultimate “everything app.” He stated that the platform will be adding comprehensive communications and the ability to conduct the entire financial world through the app. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Real estate tycoon Srettha Thavisin will become Thailand’s next prime minister. He was the former CEO of one of Thailand's largest real estate developers and has a cryptocurrency background. Thailand recently elected its new Prime Minister – Srettha Thavisin. Thavisin was the president and CEO of Sansiri, one of the country's largest real estate developers and an active investor in Thailand's digital asset industry. Pheu Thai Party Plans to Reintroduce Digital Wallet Programme On August 22, Thavisin was elected as Thailand's next prime minister after receiving 482 out of a possible 747 votes in parliament. The former real estate tycoon was the only candidate the Pheu Thai Party nominated. Thavisin will become prime minister after receiving approval from the King of Thailand – King Maha Vajiralongkorn. Thailand's next prime minister resigned from his post at Sansiri in April after speculation arose that he would become Prime Minister. Thavisin also sold his 4.4% stake in Sansiri. Sansiri participated in a $225 million capital raise for a crypto-friendly investment management firm, XSpring Capital, in 2021. Since the fundraiser, XSpring launched a crypto trading platform and aims to become a top-three company in the crypto exchange market as soon as 2025. The Bangkok Post recently reported that one of Srettha's campaign promises was to reintroduce a national "airdrop" where each Thai citizen over the age of 16 will receive 10,000 Thai baht ($300). According to a spokesperson for the Pheu Thai Party, the 10,000 Thai baht can only be spent within a four-kilometre range of their homes. The Bangkok Post further reports that the airdrop will use a form of national token, not an existing digital asset or crypto. Business owners can convert the national token to cash at designated banks. Thavisin's government will assume office by the end of September. The country's next prime minister took to Twitter days before the vote to assure Thai citizens that he aims to "improve the country and the economy." He said: "My enemies are poverty and the inequality of the people. My goal is the well-being of all Thai people." Thailand Embraces Crypto Thailand has been dramatically fostering the digital asset industry and has introduced measures to invite investment into the sector. In March, the Thai cabinet agreed to offer tax breaks for corporate income and value-added tax for companies issuing digital investment tokens. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Real estate tycoon Srettha Thavisin will become Thailand’s next prime minister. He was the former CEO of one of Thailand's largest real estate developers and has a cryptocurrency background. Thailand recently elected its new Prime Minister – Srettha Thavisin. Thavisin was the president and CEO of Sansiri, one of the country's largest real estate developers and an active investor in Thailand's digital asset industry. Pheu Thai Party Plans to Reintroduce Digital Wallet Programme On August 22, Thavisin was elected as Thailand's next prime minister after receiving 482 out of a possible 747 votes in parliament. The former real estate tycoon was the only candidate the Pheu Thai Party nominated. Thavisin will become prime minister after receiving approval from the King of Thailand – King Maha Vajiralongkorn. Thailand's next prime minister resigned from his post at Sansiri in April after speculation arose that he would become Prime Minister. Thavisin also sold his 4.4% stake in Sansiri. Sansiri participated in a $225 million capital raise for a crypto-friendly investment management firm, XSpring Capital, in 2021. Since the fundraiser, XSpring launched a crypto trading platform and aims to become a top-three company in the crypto exchange market as soon as 2025. The Bangkok Post recently reported that one of Srettha's campaign promises was to reintroduce a national "airdrop" where each Thai citizen over the age of 16 will receive 10,000 Thai baht ($300). According to a spokesperson for the Pheu Thai Party, the 10,000 Thai baht can only be spent within a four-kilometre range of their homes. The Bangkok Post further reports that the airdrop will use a form of national token, not an existing digital asset or crypto. Business owners can convert the national token to cash at designated banks. Thavisin's government will assume office by the end of September. The country's next prime minister took to Twitter days before the vote to assure Thai citizens that he aims to "improve the country and the economy." He said: "My enemies are poverty and the inequality of the people. My goal is the well-being of all Thai people." Thailand Embraces Crypto Thailand has been dramatically fostering the digital asset industry and has introduced measures to invite investment into the sector. In March, the Thai cabinet agreed to offer tax breaks for corporate income and value-added tax for companies issuing digital investment tokens. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Yuga Labs, the creators of the hugely popular NFT collection Bored Ape Yacht Club (BAYC), have announced they will be removing support for OpenSea’s Seaport Protocol from February 2024. OpenSea has made over $100 million in fees from collections such as Bored Ape Yacht Club, BAKC, Mutant Apes, and other prominent NFT collections. Yuga Labs To Block OpenSea Yuga Lab’s decision to block OpenSea comes after OpenSea announced its decision to disable mandatory royalties for existing collections. OpenSea announced a slew of changes in a blog post published on the 17th of August. OpenSea had stated in its update, “We launched our Operator Filter so creators could restrict secondary sales to web3 marketplaces that enforce creator fees. But we relied on opt-in by the entire ecosystem, which didn’t happen. So we’re making a few changes to our approach to creator fees. Starting on Thursday, the 31st of August, 2023, we’re moving to optional creator fees on OpenSea in an effort to better reflect the principles of choice and ownership that drive this decentralized ecosystem.” Yuga Lab’s collections on OpenSea comprise nearly $5 billion worth of all-time traded value. Out of this, the Bored Ape Yacht Club alone has generated around $2 billion. The announcement makes Yuga Labs the latest NFT project to come out in opposition to OpenSea’s controversial decision. Yuga Labs CEO Daniel Alegre, stated in a post on X, “Yuga Labs will begin the process of sunsetting support for OpenSea’s SeaPort for all upgradable contracts and any new collections, with the aim of this being complete in February 2024 in tandem with OpenSea’s approach. “For as much as NFTs have been about users truly owning their digital assets, they’ve also been about empowering creators. Yuga believes in protecting creator royalties so creators are properly compensated for their work.” A spokesperson for Yuga Labs stated that the company would be moving towards disallowing OpenSea’s marketplace to trade any of its collections as they phase out royalties. Move Panned By NFT Community OpenSea’s sudden move has, not surprisingly, angered the NFT and digital art communities, with artists expressing their anger and disbelief at the decision. They have also criticized OpenSea’s lack of respect and appreciation for the creators from whom it had profited off for years. One of the most prominent investors in OpenSea, Mark Cuban, has also criticized the move, posting on X. “Not collecting and paying royalties on NFT sales is a HUGE mistake by OpenSea. It diminished trust in the platform and hurts the industry.” The company has also changed its OpenSea Pro fee structure and will be levying a 0.5% fee on listings and offers on the platform starting the 31st of August. At present, the 0.5% listing fee is only applicable in specific instances where the creator royalty is set to below 0.5% or if the collection does not meet specified thresholds. The move could drive users to Blur, which recently surpassed OpenSea as the leading NFT marketplace by trading volume. Collections such as Bored Ape Yacht Club and CryptoPunks play a crucial role in contributing to the success of NFT marketplaces such as OpenSea. According to data from Ninjalerts, Yuga Lab’s 30-day trading volume is 80% of the size of OpenSea’s at $52.8 million. Meanwhile, OpenSea’s 30-day volume is around $66.7 million. “Yuga’s 30d volume is 80% the size of OpenSea’s. This is the leverage that IP has over NFT Marketplaces. The NFT Marketplaces are dead without the most important IP Will this lead to walled garden marketplaces by IP owners? That’s much more complicated, so I’m not sure. Distributors can also create walled gardens. Is there any upside for OpenSea to work as an “Authorized Reseller” that maintains royalties for the top IP? Probably? It will be very difficult for these IP creators to make good marketplaces.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Yuga Labs, the creators of the hugely popular NFT collection Bored Ape Yacht Club (BAYC), have announced they will be removing support for OpenSea’s Seaport Protocol from February 2024. OpenSea has made over $100 million in fees from collections such as Bored Ape Yacht Club, BAKC, Mutant Apes, and other prominent NFT collections. Yuga Labs To Block OpenSea Yuga Lab’s decision to block OpenSea comes after OpenSea announced its decision to disable mandatory royalties for existing collections. OpenSea announced a slew of changes in a blog post published on the 17th of August. OpenSea had stated in its update, “We launched our Operator Filter so creators could restrict secondary sales to web3 marketplaces that enforce creator fees. But we relied on opt-in by the entire ecosystem, which didn’t happen. So we’re making a few changes to our approach to creator fees. Starting on Thursday, the 31st of August, 2023, we’re moving to optional creator fees on OpenSea in an effort to better reflect the principles of choice and ownership that drive this decentralized ecosystem.” Yuga Lab’s collections on OpenSea comprise nearly $5 billion worth of all-time traded value. Out of this, the Bored Ape Yacht Club alone has generated around $2 billion. The announcement makes Yuga Labs the latest NFT project to come out in opposition to OpenSea’s controversial decision. Yuga Labs CEO Daniel Alegre, stated in a post on X, “Yuga Labs will begin the process of sunsetting support for OpenSea’s SeaPort for all upgradable contracts and any new collections, with the aim of this being complete in February 2024 in tandem with OpenSea’s approach. “For as much as NFTs have been about users truly owning their digital assets, they’ve also been about empowering creators. Yuga believes in protecting creator royalties so creators are properly compensated for their work.” A spokesperson for Yuga Labs stated that the company would be moving towards disallowing OpenSea’s marketplace to trade any of its collections as they phase out royalties. Move Panned By NFT Community OpenSea’s sudden move has, not surprisingly, angered the NFT and digital art communities, with artists expressing their anger and disbelief at the decision. They have also criticized OpenSea’s lack of respect and appreciation for the creators from whom it had profited off for years. One of the most prominent investors in OpenSea, Mark Cuban, has also criticized the move, posting on X. “Not collecting and paying royalties on NFT sales is a HUGE mistake by OpenSea. It diminished trust in the platform and hurts the industry.” The company has also changed its OpenSea Pro fee structure and will be levying a 0.5% fee on listings and offers on the platform starting the 31st of August. At present, the 0.5% listing fee is only applicable in specific instances where the creator royalty is set to below 0.5% or if the collection does not meet specified thresholds. The move could drive users to Blur, which recently surpassed OpenSea as the leading NFT marketplace by trading volume. Collections such as Bored Ape Yacht Club and CryptoPunks play a crucial role in contributing to the success of NFT marketplaces such as OpenSea. According to data from Ninjalerts, Yuga Lab’s 30-day trading volume is 80% of the size of OpenSea’s at $52.8 million. Meanwhile, OpenSea’s 30-day volume is around $66.7 million. “Yuga’s 30d volume is 80% the size of OpenSea’s. This is the leverage that IP has over NFT Marketplaces. The NFT Marketplaces are dead without the most important IP Will this lead to walled garden marketplaces by IP owners? That’s much more complicated, so I’m not sure. Distributors can also create walled gardens. Is there any upside for OpenSea to work as an “Authorized Reseller” that maintains royalties for the top IP? Probably? It will be very difficult for these IP creators to make good marketplaces.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Crypto Banter host Ran Neuner takes aim at Ripple and FatMan Terra, tips his hat to ZachXBT and explains his young kids can read charts.

San Francisco, California, August 21st, 2023, Chainwire Momentum Capital, a pioneering crypto-native fund headquartered in the vibrant heart of the San Francisco Bay Area, proudly announces a significant and pivotal achievement: the successful acquisition of a $10 million investment from Canada’s esteemed BM Fund. This remarkable infusion of capital, secured in July 2023, stands as a resounding testament to Momentum Capital’s exceptional capabilities, even amidst the challenges of dynamic market conditions. Carmen, the visionary Founder of BM Fund, lauds Momentum Capital’s impressive track record, asserting, “Our decision to invest in Momentum Capital during bear markets underscores their unparalleled proficiency.” Momentum Capital’s unwavering commitment during the most volatile market phases epitomizes their resolute dedication and formidable expertise. The firm’s adept navigation of challenging market conditions is palpable in its strategic partnership with the distinguished BM Fund, further validating the trust that investors place in Momentum Capital’s strategic acumen. Looking ahead to the countercyclical phase, Momentum Capital remains strategically poised to amplify its focus and capitalize on forthcoming opportunities. With an impeccable history of successful collaborations and an unblemished track record, the firm’s unwavering commitment to professionalism, a seasoned team, and a history of fruitful partnerships underscores its unparalleled mastery. The newly procured capital will be strategically allocated to further amplify team expansion and catalyze early-stage Web3 projects, thereby reinforcing Momentum Capital’s formidable stance within the dynamic crypto investment landscape. Since its inception, Momentum Capital has emerged as a dynamic powerhouse within the crypto realm, boasting a seasoned team of veterans and pioneers in the industry. This collective wealth of experience further solidifies the firm’s credibility and underscores its well-earned reputation. Gary, the accomplished Managing Partner of Momentum Capital, lucidly outlines the fund’s strategic path, accentuating its enduring commitment. “Momentum Capital’s dedication remains steadfast across the ebbs and flows of market cycles, as we remain devoted to investing in and nurturing Web3 projects of intrinsic value. As we navigate the currents of the market in the next six to twelve months, our focus will extend to authentically nurturing global builders, with a keen emphasis on Web3 infrastructure, regional Web3 opportunities, and groundbreaking Web3 applications.” For further information, kindly visit the official Momentum Capital website at https://mt.capital/. Connect with us on: Telegram: https://t.me/mtcapital_official Twitter: https://twitter.com/MTCapital_US Medium: https://medium.com/@MTCapital_US/subscribe LinkedIn: https://www.linkedin.com/company/mtcapitalus/ Discord: https://discord.gg/vhrcSJ2v

San Francisco, California, August 21st, 2023, Chainwire Momentum Capital, a pioneering crypto-native fund headquartered in the vibrant heart of the San Francisco Bay Area, proudly announces a significant and pivotal achievement: the successful acquisition of a $10 million investment from Canada’s esteemed BM Fund. This remarkable infusion of capital, secured in July 2023, stands as a resounding testament to Momentum Capital’s exceptional capabilities, even amidst the challenges of dynamic market conditions. Carmen, the visionary Founder of BM Fund, lauds Momentum Capital’s impressive track record, asserting, “Our decision to invest in Momentum Capital during bear markets underscores their unparalleled proficiency.” Momentum Capital’s unwavering commitment during the most volatile market phases epitomizes their resolute dedication and formidable expertise. The firm’s adept navigation of challenging market conditions is palpable in its strategic partnership with the distinguished BM Fund, further validating the trust that investors place in Momentum Capital’s strategic acumen. Looking ahead to the countercyclical phase, Momentum Capital remains strategically poised to amplify its focus and capitalize on forthcoming opportunities. With an impeccable history of successful collaborations and an unblemished track record, the firm’s unwavering commitment to professionalism, a seasoned team, and a history of fruitful partnerships underscores its unparalleled mastery. The newly procured capital will be strategically allocated to further amplify team expansion and catalyze early-stage Web3 projects, thereby reinforcing Momentum Capital’s formidable stance within the dynamic crypto investment landscape. Since its inception, Momentum Capital has emerged as a dynamic powerhouse within the crypto realm, boasting a seasoned team of veterans and pioneers in the industry. This collective wealth of experience further solidifies the firm’s credibility and underscores its well-earned reputation. Gary, the accomplished Managing Partner of Momentum Capital, lucidly outlines the fund’s strategic path, accentuating its enduring commitment. “Momentum Capital’s dedication remains steadfast across the ebbs and flows of market cycles, as we remain devoted to investing in and nurturing Web3 projects of intrinsic value. As we navigate the currents of the market in the next six to twelve months, our focus will extend to authentically nurturing global builders, with a keen emphasis on Web3 infrastructure, regional Web3 opportunities, and groundbreaking Web3 applications.” For further information, kindly visit the official Momentum Capital website at https://mt.capital/. Connect with us on: Telegram: https://t.me/mtcapital_official Twitter: https://twitter.com/MTCapital_US Medium: https://medium.com/@MTCapital_US/subscribe LinkedIn: https://www.linkedin.com/company/mtcapitalus/ Discord: https://discord.gg/vhrcSJ2v

Cryptocurrency custodian Prime Trust and some affiliates filed for Chapter 11 bankruptcy on Monday. Las Vegas-based cryptocurrency custodian Prime Trust filed for Chapter 11 bankruptcy earlier this week after Nevada regulators placed it into receivership in June. Prime Trust Records Significant Deficit on Its Books Nevada’s Financial Institutions Division (NFID) placed crypto custodian Prime Trust into receivership, took control of the business, and froze its operations and businesses. Regulators decided to step in after it determined the company was insolvent and could not serve its customers. Prime Trust said in a filing that it has between 25,000 to 50,000 creditors and estimates its liabilities to be between $100 million and $500 million. The firm added its assets are worth $50 million to $100 million. The Chapter 11 filing indicates John Guedry, the former president of the Bank of Nevada, will act as a receiver and lead the restructuring committee. Judge Susan Johnson of the Eighth Judicial Court of the State of Nevada will oversee the bankruptcy proceedings. Prime Trust will continue in their role as “debtors-in-possession” under the court’s jurisdiction. In a press release announcing its bankruptcy, Prime Trust said: “The Company, under the supervision and direction of the Special Committee, continues to manage their businesses as “debtors-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court.” It added, “The Company intends to file a number of motions with the Bankruptcy Court designed to facilitate the Company’s orderly evaluation of all strategic alternatives, including potentially a sale of the Company’s assets and operations as a going concern.” Regulators claim Prime Trust misused customer funds to pay withdrawals since December 2021 after the firm lost access to several customer crypto wallets. Prime’s voluntary bankruptcy filing comes as no surprise. In a press statement, the NFID commented on its decision to place the firm under receivership: “The Nevada Financial Institutions Division (“NFID”) was actively monitoring the solvency of Prime Trust, LLC (“Prime”) in anticipation of a potential acquisition or merger.Ultimately, Prime failed to safeguard assets under its custody and cannot meet all client withdrawals. As such, Prime has breached its fiduciary duties to its clients, in violation of Nevada trust laws. NFID’s primary objective is to preserve any enterprise value remaining in Prime for the benefit of Prime’s clients.” Several of the company’s affiliates, including Prime Core Technologies Inc., Prime Trust, LLC, Prime IRA LLC and Prime Digital LLC, also filed for bankruptcy relief. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Decentralized finance platform Zunami Protocol has become the latest protocol to be hacked after confirming on Sunday that bad actors hacked its liquidity pool on Curve. The exploit led to the protocol losing over $2.1 million, according to estimates from blockchain security firm PeckShield and Ironblocks. Details Of The Hack The protocol confirmed the hack on Sunday, with security firm PeckShield confirming it as well. The protocol advised users to refrain from purchasing any of its Zunami Ether (zETH) or Zunami USD (UZD) stablecoins following the attack. The protocol further added that collateral remained secure and it was investigating the cause of the exploit. “It appears that zStables have encountered an attack. The collateral remain secure, we delve into the ongoing investigation. Please do not buy zETH and UZD at the moment; their emission has been attacked.” Blockchain security firm PeckShield, in an analysis of the attack, estimated that around $2.1 million was stolen from the decentralized finance protocol’s Curve pool and put the exploit down to a price manipulation issue. “Hi @ZunamiProtocol Today’s hack leads to >$2.1m loss, and there are two hack txs involved: - tx1:https://etherscan.io/tx/0x2aec4fdb2a09ad4269a410f2c770737626fb62c54e0fa8ac25e8582d4b690cca - tx2:https://etherscan.io/tx/0x0788ba222970c7c68a738b0e08fb197e669e61f9b226ceec4cab9b85abe8cceb It is a price manipulation issue, which can be exploited by donation to incorrectly calculate the price as shown in the following figures.” Fellow security firm Ironblocks also conducted an analysis of the hack, coming to the same conclusion as PeckShield regarding the cause of the hack. In its analysis, Ironblocks explained, “The attacker took [a] flash loan from [the] balancer, then he added liquidity so he [would] be able to change the price significantly and started to trade in Zunami’s exchange. Then he removed the liquidity and changed the price, then he traded back and [returned] the flash loan and got 1,152 ETH to himself. Classic price manipulation.” Price Of Zunami USD And Zunami ETH Collapses The price of both the Zunami USD stablecoin and Zunami ETH (zETH) fell off a cliff following the exploit. The stablecoin lost its entire value, dropping 99%, while zETH dropped over 88%, dropping to $206. PeckShield also confirmed that the stolen funds had already been put through the controversial coin mixer Tornado Cash. Curve’s Recent Troubles The Zunami protocol is a yield farming aggregator for stablecoins and maintains its primary zStable pools on Curve. The protocol is managed as a decentralized autonomous organization (DAO) and promises users the “highest API on the market.” It has also stated that it has over $5 million in total value locked (TVL) on its website. According to Zunami, users can use the protocol to diversify their stablecoin portfolio and avoid the risk of crashing one of them. Curve Finance has faced multiple attacks over the past few weeks, impacting multiple decentralized finance protocols. Attackers managed to steal over $24 million worth of crypto by leveraging a vulnerability in the liquidity pools on Curve. The vulnerability was eventually traced back to Vyper, a third-party programming language being used to program Ethereum smart contracts on the protocol. At the time, Curve stated that liquidity pools not using Vyper were not impacted. “A number of stablepools (alETH/msETH/pETH) using Vyper 0.2.15 have been exploited as a result of a malfunctioning reentrancy lock. We are assessing the situation and will update the community as things develop. Other pools are safe.” The exploit put major protocols at risk, especially due to Curve founder Michael Egorov’s $168 million lending position, which was at risk of liquidation. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Kennedy's possible cabinet could back 1% of issued T-bills with bitcoin or precious metals, whereas later it could dive deeper.

The legal teams for Binance, Binance.US and CZ filed a motion for the court to order the SEC to comply with “applicable rules of conduct” following allegedly misleading statements.

Cabin just announced plans for the first “network city,” a global alliance of self-governing neighborhoods accessible to “citizens'' who hold NFTs.

ConsenSys confirmed that the taxes are only applicable to specific products and paid plans.