Industry
Hashflow Guarantees Users Will Be Whole After $600,000 Exploit
Cryptocurrency trading platform Hashflow has assured that affected users will be "intact" after the breach resulted in the removal of at least $600,000 in digital assets from the platform.Herman HayesAave Proposal to Freeze Curve Founder's Loan Sparks Controversy
June 12 AAVE The proposal to prevent specific accounts from accumulating more debt has sparked controversy, with some participants arguing that it violates the principles of censorship resistance or “neutrality” in decentralized finance, or DeFi.Herman HayesUniswap Releases Version 4 of Code, Allowing New Type of Liquidity Pools
Uniswap Labs released a code draft for Uniswap v4, announcing the move in a June 13 blog post by Uniswap founder Hayden Adams. The new code features "hooks" or plugins that allow developers to create custom liquidity pools.Seth RowdenCurve Pool Imbalance Raises Concerns About USDT Decoupling, Tether CTO Calls FUD
Tether, The stablecoin deviated slightly from its peg to the US dollar on June 15 due to Curve's 3pool imbalance. USDT price fell 0.3% to around 0.997 and its weight in the curve 3pool increased to over 70% from the usual 33.1%.Seth RowdenDeFi Options Platform Uses Social Logins, Margin Trading to Attract Liquidity
According to a June 15 announcement, a DeFi options platform uses social logins and undercollateralized trades to attract just-launched liquidity providers. The protocol, called "Synquote," is capable of handling large trades with much less slippage than previous options platforms, the team claims.Herman HayesdApp Store Kit powers Web3 game development with new technology stack
The DApp Store Kit, initially incubated by Polygon Labs, will integrate Ready Games' mobile game development kit to help developers launch Web3 games.Herman HayesSBF seeks to cut new charges from trial, says proceedings could take 'years'
Lawyers for former FTX CEO Sam Bankman-Fried (also known as "SBF") are seeking to sever or dismiss six charges in his upcoming trial, claiming it could take years for Bahamian courts to rule on whether they allow him to He will stand trial For those crimes, according to a June 12 filing in federal court in New York.Seth RowdenAMD shows off new AI chip to challenge Nvidia's dominance
On June 13, Advanced Micro Devices (AMD) revealed new details about an artificial intelligence (AI) chip that could challenge market leader Nvidia.Seth RowdenSouth Korean Bitcoin Lending Platform Delio Suspends Withdrawals
Delio, a South Korea-based virtual asset manager and lending platform, has announced it is suspending customer withdrawals “to securely protect assets currently in custody for customers.”Herman HayesHaru Invest launches criminal case against consignment operator
B&S Holdings, formerly known as consignment operator Aventus, has been accused by Korean income platform Haru Invest of submitting fraudulent management reports containing "false information" and defrauding the company and its users.Seth RowdenJack Dorsey's Relief Fund Pledges $5M to Bitcoin-Focused Nonprofits
Brink, a nonprofit organization aimed at supporting bitcoin developers, has announced a $5 million donation from Block CEO Jack Dorsey and his Start Small funding group.Seth Rowden3AC liquidators file motion for contempt of Kyle Davis
Three Arrows Capital (3AC) co-founder Kyle Davis should be held in contempt of court for ignoring a subpoena related to the bankruptcy proceedings,Seth RowdenSotheby's Auctions Dmitri Cherniak's "The Goose" NFT From 3AC Collection for $6.2M
Sotheby's has sold a digital artwork from the collection of defunct crypto hedge fund Three Arrows Capital (3AC) for more than $6 million.Herman HayesFed, SEC probe Goldman Sachs over Silicon Valley Bank securities portfolio
Goldman Sachs is now facing scrutiny from the US Federal Reserve and the US Securities and Exchange Commission (SEC) for its involvement in buying a portfolio of Silicon Valley Bank securities before the bank collapsed,Seth RowdenInvestors Want Crypto, But Not Without TradFi's Backing
Professional investors remain enthusiastic about cryptocurrencies but want the backing of large traditional financial institutions before taking the plunge themselves, according to a survey by Nomura's digital assets unit.Seth RowdenFTX Founder Sam Bankman-Fried Now Faces Two Criminal Trials
Criminal charges against FTX co-founder Sam Bankman-Fried have been split, with the former CEO now facing two separate trials for alleged mismanagement of the cryptocurrency exchange.Seth RowdenBlockchain Association Requests Information About Prometheum for 'Dubious' Approval
The Blockchain Association, a US cryptocurrency lobby group, has filed a request with the US Securities and Exchange Commission seeking information about previously little-known cryptocurrency firm Prometheum.Herman HayesMercedes-Benz trials ChatGPT-powered voice control
Luxury automaker Mercedes-Benz is integrating artificial intelligence into more than 900,000 vehicles as part of a new trial of a ChatGPT-powered voice assistant system.Seth RowdenBitcoin falls below $25,000 for the first time in 3 months
Bitcoin fell below the $25,000 mark for the first time since March 17, following a hawkish Federal Reserve announcement in another tumultuous week for the crypto industry.Seth RowdenPro-Bitcoin Miami Mayor Francis Suarez Files 2024 Presidential Campaign Papers
Miami Mayor Francis Suarez and prominent crypto advocate has filed documents indicating his intention to run for President of the United States in 2024.Seth Rowden
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