Another DeFi Protocol Experiences Hacker Exploits; Loses $3.7M

Ola Finance (a DeFi lending protocol) has acknowledged that it suffered from a hacker exploit on March 31, resulting in the loss of $3.7M worth of digital assets. How The Attack Happened A report by blockchain security firm (PeckShield) showed that the hacker exploited a bug in one of the protocol’s smart contracts to carry […]

Concerns As EU Plans To Ban Bitcoin

The emergence of cryptocurrency led to a rapid change in transactions in the financial sector, giving rise to a stage where digital transactions are gradually replacing conventional financial transactions.  Over the years, there have been calls from some individuals and groups about the operation of cryptocurrency, particularly Bitcoin, and its effect on the environment due […]

Anonymous Wallets Moved $30M Worth XRP Before Major Market Crash

When the cryptocurrency market was experiencing the usual fluctuations associated with the marketplace, with prices crashing and investors gasping for air to survive the brutal market force, there is always something to look out for in all these. In the ongoing price disruption in the market, crypto tracking firms observed large wallets moving huge XRP […]

Bitfinex Adds Three Additional Trading Pairs To Its Margin Trading Services

British Virgin Islands-based crypto trading platform, Bitfinex, has revealed that its users can now trade the GBP, and JPY against the USDT and the GBP/EURt. Part of the announcement which was issued today stated that the goal of these additional margin trading services is to expand its stablecoin offers and more importantly, meet with customers’ […]

New Addresses Surges To 167% As Cardano Records Significant Growth

The on-chain activities in the Cardano network have coincided with new addresses increasing by 167% for the Cardano blockchain network. The reported increase arises from a flurry of activities that the Cardano network has experienced. An analyst reported Cardano’s growth was due to increased on-chain activities on the Cardano blockchain network. Ali Martinez revealed that […]

UK Finance Regulatory Body Concerned Over Binance Paysafe Partnership

The United Kingdom’s Financial Conduct Authority (FCA) has expressed its reservations about the recent partnership between Paysafe and cryptocurrency trading platform, Binance. The FCA did not support the latest deal following the previous incident in July 2021, when Binance failed to access the sterling payment network, paving the way for Paysafe to strike a deal […]