Cyvers, a cybersecurity firm, has uncovered a malicious attack on RDNTCapital, a decentralized finance (DeFi) platform. The attack resulted in a loss of over $4.4 million for RDNTCapital. The attackers used sophisticated methods, executing multiple transactions and exploiting vulnerabilities in the platform.In response to the breach, RDNTCapital temporarily halted lending and borrowing markets on Arbitrum, […]
In a significant policy shift, Nigeria’s central bank has released updated guidelines for banks handling cryptocurrency accounts, signaling a change in the country’s stance towards digital assets. The move comes after the central bank recently lifted its ban on banks operating accounts for digital currency service providers, overturning a prohibition that had been in effect.Nigeria […]
A Bloomberg analyst has raised doubts about a report from Matrixport, a digital asset management firm, which claimed that the US Securities and Exchange Commission (SEC) may reject several pending applications for a Bitcoin exchange-traded fund (ETF). The analyst, Eric Balchuna, questioned the credibility of the report and highlighted the lack of concrete information supporting […]
Nigeria’s central bank has issued new guidelines for banks dealing with cryptocurrency accounts, signaling a shift in the country’s approach to digital assets. The guidelines, detailed on the central bank’s official website, impose strict rules on banks when it comes to dealing with cryptocurrencies. Banks are prohibited from holding or trading virtual assets on behalf […]
As individuals enter their later years, they often encounter various challenges that can impact their financial well-being. These challenges include the loss of social connections, disruptions to daily routines, and concerns about managing their finances during retirement.In a new series titled “Finanzen im Alter” (Finances in Old Age), the NZZ delves into the topic of […]
Crypto exchange OKX has announced that it will implement new requirements to comply with the rules set by the UK Financial Conduct Authority (FCA). Starting from January 8, users in the UK will be required to complete two questionnaires. The first questionnaire will assess users’ awareness of crypto investment risks and classify their investor profiles. […]
Radiant Capital, a decentralized finance (DeFi) lending protocol, has temporarily halted its operations on the Ethereum layer2 network Arbitrum after suffering an exploit that resulted in the loss of 1,900 ETH, equivalent to $4.5 million. The protocol received a report of an issue with its newly created native USDC market on Arbitrum, prompting the Radiant […]
Binance, one of the largest cryptocurrency exchanges, experienced a significant decline in market share last year, dropping to 44.5%. This decline followed a three-year period of growth, where Binance’s market share had reached a peak of 60% in 2022. However, the company faced regulatory hurdles in various jurisdictions, which contributed to the downturn.In 2023, Binance […]
Bitcoin, Ethereum, and Dogecoin experienced significant price increases on the first day of 2024. Bitcoin crossed the $45,000 mark, while Ethereum and Dogecoin also saw spikes in their values. This surge in cryptocurrency prices has caught the attention of investors and traders.Meanwhile, the US office building market is bracing itself for a potential debt cliff […]
Cryptocurrency asset manager Grayscale has filed an amended Bitcoin exchange-traded fund (ETF) application without listing authorized participant details. This move has raised questions and speculation among industry experts.The amended filing clarifies that authorized participants in the proposed ETF can only pay and receive cash for shares. However, Grayscale has left the names of its authorized […]
