Level Finance confirms $1M exploit due to buggy smart contract
An attacker manipulated a “claim multiple” bug in a Level Finance smart contract to steal more than 214,000 LVL tokens...
Month: May 2023
Bitcoin hash rates threaten blockchain decentralization
The blockchain industry is facing a massive power imbalance — just like the traditional finance industry. Blockchain technology was introduced...
Bitcoin Price Prediction for Today, May 1: BTC/USD Nosedives Below $28,000 Support
The Bitcoin price prediction shows that BTC may continue to drop below the moving averages as the coin faces the...
Industry heavyweights respond to UK’s crypto asset regulatory framework proposal
HM Treasury was directed to spot problems that may need refinement, but the basic principles of its approach were heartily...
Stabilizing the Banking System: Biden Reassures Public Amid First Republic Bank Collapse, but Warns of National Debt Default
Amid the collapse of the second, third, and fourth largest banks in American history, U.S. president Joe Biden reassured the...
Ethereum Network Fees Surge 153% in 30 Days, While Arbitrum Daily Transactions Outpace ETH Following Shapella Upgrade
Ethereum network fees have experienced a significant upswing following the implementation of the Shapella upgrade on April 12th. In the...
Paysenger Launches IDO as the Platform Looks to Solve the Challenges of AI-Generated Art
PRESS RELEASE. The rise of AI-generated art has created ethical concerns and challenges within the art community, as many artists...
Top Indian Banker Says US Dollar Has ‘Disproportionate Power’ as Reserve Currency; Retracts ‘Biggest Financial Terrorist’ Remark
Uday Kotak, the CEO of Kotak Mahindra Bank, a financial institution based in India, recently expressed his view on the...
Liquid staking solutions now have more TVL than DEXs: DefiLlama
From April 13 to May 1, TVL on decentralized exchanges declined by $1.66 billion while it increased on liquid staking...
Scientists in Texas developed a GPT-like AI system that reads minds
A new study demonstrates how the tech underlining ChatGPT can decode brain scans; recent AI progress indicates this could have...
European Union pushes forward with first AI framework: Law Decoded, April 24–May 1
High-risk tools will not be banned entirely, though they will be subjected to stricter transparency procedures. Legislators in the European...
Poloniex will pay $7.6M settlement to US authorities for ‘apparent violations’ of sanctions
OFAC said Poloniex allowed users in Crimea, Cuba, Iran, Sudan and Syria to conduct digital asset trades, deposits and withdrawals...
Cloud Mining with Gbitcoins – The Ultimate Platform for Profitable Crypto Mining
Gone are the days of investing in expensive hardware, managing noisy equipment, and dealing with excessive heat. Cloud mining services,...
Blur introduces NFT perpetual lending protocol
Borrowing positions automatically roll their expiry, and can be refinanced should one party unilaterally decide to terminate. On May 1,...
On the shutdown of Bittrex in the US and SEC actions — Bittrex Global CEO at Consensus 2023
Oliver Linch suggested jurisdictions with established frameworks for crypto and policymakers willing and able to use them were a potential...
