Wormhole, one of the largest and most popular bridges between Solana and other blockchains, confirmed on Wednesday that their platform had been hacked for approximately 120,000 ether or $320 million. This makes the exploit the second largest hack in DeFi history, behind only the $600 million Poly Network hack
A GoFoundMe fundraiser that was collecting funds for Canadian truckers protesting against covid-19 restrictions has been suspended by the platform. Over $10 million in funds had been donated to the campaign before it was suspended. The platform attached an “Under Review” disclaimer stating: “This fundraiser is currently paused and under
Former head of Meta’s cryptocurrency and fintech unit and co-founder of Diem, David Marcus, took to Twitter on Tuesday to vocalize his support for Bitcoin, predicting that it will be the “one asset and L1 still around in 20+ years.” Marcus spent years working on Meta’s Diem, a
Former head of Meta’s cryptocurrency and fintech unit and co-founder of Diem, David Marcus, took to Twitter on Tuesday to vocalize his support for Bitcoin, predicting that it will be the “one asset and L1 still around in 20+ years.” Marcus spent years working on Meta’s Diem, a
Wormhole, one of the largest and most popular bridges between Solana and other blockchains, confirmed on Wednesday that their platform had been hacked for approximately 120,000 ether or $320 million. This makes the exploit the second largest hack in DeFi history, behind only the $600 million Poly Network hack
A GoFoundMe fundraiser that was collecting funds for Canadian truckers protesting against covid-19 restrictions has been suspended by the platform. Over $10 million in funds had been donated to the campaign before it was suspended. The platform attached an “Under Review” disclaimer stating: “This fundraiser is currently paused and under
On February 1, 2022 the SEC released an order asking Bitwise to clarify how the firm will prevent manipulation, fraud, liquidity, the spot ETFs effect on bitcoin futures trading and other potential issues. Bitwise will have 21 days to publicly address the SEC’s concerns, then the ruling on listing
The Chivo wallet is a government sponsored Bitcoin wallet for El Salvadoran citizens. Anyone who signed up for an account received $30 worth of bitcoin and could make free transactions in U.S. dollars or bitcoin. Released on September 7th, 2021 during Bitcoin Day, an estimated 500,000 users signed
The New York Digital Investment Group (NYDIG) announced that they will be offering a new bitcoin savings program for companies interested in partnering with them. The service will provide bitcoin trading and storage features that will not incur any fees to employees. All bitcoin will be held in NYDIG’s
In a budget speech held on Tuesday, India’s Finance Minister Nirmala Sitharaman announced that they would be implementing a 30% tax on any income from the transfer of virtual digital assets. According to Sitharaman, “There’s been a phenomenal increase in transactions in virtual digital assets. The magnitude and
On January 31, 2022 Fidelity Digital Assets (FDAS) released a report titled “Bitcoin First,” in which co-authors Chris Kuiper and Jack Neureuter propose that Bitcoin is fundamentally different from other digital assets and that investors should treat it as a monetary good that “no other digital asset is likely to
