Crypto lender Hodlnaut is facing liquidation after the High Court of Singapore ended judicial management and ordered its closure. The company’s funds have been frozen since August 2022. Former interim judicial managers Aaron Loh Cheng Lee and Ee Meng Yen Angela have been discharged and appointed as liquidators. The decision to liquidate Hodlnaut was made […]
Singapore-based cryptocurrency lending service Hodlnaut has filed a wind-up order with the court, signaling its intention to liquidate its remaining assets. This move comes after more than 17,000 creditors voted against a restructuring plan for the company in favor of liquidation. The winding-up process will be carried out under the provisions of the Insolvency, Restructuring, […]
Crypto exchange Poloniex has experienced a significant security breach, resulting in the theft of approximately $125 million from its hot wallets. The attack, initially detected by blockchain analytics firm PeckShield, saw hackers make off with $56 million in ETH, $48 million in TRON (TRX), and $18 million in Bitcoin. Following PeckShield’s report, Poloniex disabled its […]
Blockchain security firm Chainlight has been awarded a $10,000 bounty for uncovering a potential vulnerability in Perpetual Protocol, a decentralized exchange (DEX) based on Optimism. The vulnerability, which was found in the protocol’s “AccountBalance” contract, could have put $32 million of customer funds at risk. If exploited, the flaw would have allowed bad actors to […]
JPMorgan Chase’s digital token, JPM Coin, has introduced new programmable capabilities that allow corporate clients to set conditional triggers for payments. This feature has already been adopted by companies such as Siemens and FedEx. With programmable payments, businesses can configure their accounts to automatically transfer funds when certain preset conditions are met, eliminating the need […]
JPMorgan, the multinational banking firm, has introduced a programmable payment feature for institutional users of its private blockchain platform, JPM Coin. This new functionality allows real-time, programmable treasury operations and supports new digital business models. The capability has been described as the “holy grail” for JPMorgan’s blockchain platform. It is the first-of-its-kind offering by a […]
Crypto entrepreneur Justin Sun has offered a 5% bounty to the hacker responsible for the recent theft of funds from Poloniex. The extent of the attack is still unclear, but it has been reported that $31 million worth of digital assets were moved from one of Poloniex’s hot wallets. The stolen funds were then transferred […]
BlackRock, the world’s largest asset manager, is planning to create an ETF that holds Ethereum’s ether (ETH), further solidifying its commitment to cryptocurrencies. The announcement caused the price of ETH to surge, reaching its highest level of the day at around $2,100, a 3% increase from before the filing was made public. However, the price […]
Fifteen years ago, an anonymous individual named Satoshi Nakamoto introduced the world to the Bitcoin Protocol through a whitepaper. This document laid the foundation for the cryptocurrency industry we see today, which now boasts a market value of over a trillion US dollars. Nakamoto’s identity remains a mystery, but their contribution to the financial world […]
BlackRock, the world’s largest asset manager, has taken the first step towards listing a spot-based Ether ETF by establishing a new Delaware trust company for the iShares Ethereum Trust and filing an SEC application with Nasdaq. This move comes after BlackRock surprised the investment world in mid-June by filing for a spot-based Bitcoin ETF, increasing […]
