Recently, the decentralized finance (DeFi) lending protocol Pike Finance fell victim to a smart contract vulnerability that resulted in the loss of $1.6 million over three days. The exploit took place on April 30 and impacted the Ethereum, Arbitrum, and Optimism chains. The attacker took advantage of a vulnerability in Pike Finance’s smart contract, allowing
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The recent surge of the SBF token, inspired by Sam Bankman Fried, has taken the crypto world by storm. The rise of SBF token was fueled by the virality surrounding AI-generated memes of Sam Bankman Fried on X, which quickly captured the attention of retail investors. With SBF token currently trading at a market price
The recent decline in the price of Bitcoin has raised concerns among investors as the world’s largest digital asset broke below the $60,000 support level for the first time in two months. This marks a significant shift in the market sentiment, which had been largely euphoric since the beginning of the year, especially after the
The recent statement by former Binance CEO Changpeng Zhao emphasizes the importance of compliance in the cryptocurrency industry. Following his sentencing to four months in prison for violating US compliance rules, Zhao acknowledged the significance of adhering to regulatory standards. He admitted to transitioning into a passive investor role in the crypto space, underscoring the
Victoria Jacobs, also known as Bakhrom Talipov, was recently sentenced to 18 years in prison by a New York State court jury for funding Syrian terrorism through Bitcoin. The Manhattan District Attorney’s office stated that Jacobs was deeply involved in online terrorist ecosystems, playing a crucial role in raising and laundering money for Syrian terrorist
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Bitcoin (BTC) prices have taken a sharp nosedive, dropping to $56,556 on a Wednesday morning in Europe, marking the lowest point since late February. This significant downturn, with BTC tumbling approximately 7.5% in the last 24 hours, has breached the previously stable $60,000 support. Anticipation is high in financial circles as the Federal Open Market
In the volatile world of cryptocurrencies, the storage coin project Arweave (AR) recently experienced an 18.7% drop in value overnight. This significant loss comes amidst a broader crash in the market, which also saw the price of Bitcoin (BTC) plummet by 7%. At its current trading price of $27.76, Arweave is showing a 7-day loss
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Polkadot (DOT) is currently displaying bearish signs as it struggles to break above the $8 resistance level against the US Dollar. Failure to maintain support above $6.00 could result in a further decline in price. The cryptocurrency is facing significant obstacles below the $8.80 and $8.00 levels as it trades below $7.20 and the 100