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Home2023

Year: 2023

DEUS Finance loses $6M following stablecoin hack
NFT

DEUS Finance loses $6M following stablecoin hack

May 7, 2023 CryptoExpert

Decentralized Finance (DeFi) protocol DEUS has misplaced over $6 million because of a safety breach on its stablecoin DEI. The hacker exploited a vulnerability within the BNB Smart Chain (BSC) on May 5, in line […]

DeBank Scores $25M Equity Funding Round Led By Sequoia China
NFT

Vanguard of Financial Revolution, Assessing Opportunities, Bottlenecks, Compliance

May 4, 2023 CryptoExpert

Decentralized Finance (DeFi) gamers have been left unscathed because the unmonitored management of off-chain capital of centralized crypto entities led to misdeeds and dangerous trades, and subsequent collapses. Be it multi-billion greenback bankruptcies, fraud allegations, […]

Bitcoin Price Spike to $56,000 Exposes Major Liquidity Dangers on Crypto Exchanges
Bitcoin

Bitcoin Flash Rally Exposes Liquidity Risks on Crypto Exchanges

May 4, 2023 CryptoExpert

In the crypto market, sudden worth actions can ship shockwaves. Recently, a Bitcoin flash rally on Bitfinex raised issues over the dangers related to low liquidity on crypto exchanges. It is essential to grasp the […]

Securities token platform launches MPC wallet for institutions
Ethereum

Securities token platform launches MPC wallet for institutions

May 4, 2023 CryptoExpert

Securities token platform INX has launched a wallet with compliance options for institutions, in line with a May 3 announcement. The new wallet was created in partnership with wallet infrastructure supplier BitGo and makes use […]

Blockchain

State regulators crack down on fraudulent cryptos promoted as ‘Elon Musk AI Token’ and ‘TruthGPT Coin’

May 4, 2023 CryptoExpert

The Texas State Securities Board joined a number of state regulators in issuing cease-and-desist orders in opposition to Horatiu Charlie Caragaceanu and his organizations, The Shark of Wall Street and Hedge4.ai, for selling two cryptocurrencies named TruthGPT […]

$22M of Curve Finance algo stablecoin minted since mainnet launch
Altcoin

$22M of Curve Finance algo stablecoin minted since mainnet launch

May 4, 2023 CryptoExpert

Decentralized finance (DeFi) protocol Curve Finance has launched its native algorithmic United States dollar-pegged stablecoin on Ethereum mainnet — minting greater than $22 million price of the crvUSD token to date. According to knowledge from […]

Robert Kennedy Jr. condemns Biden’s proposed 30% Bitcoin mining tax
Mining

Robert Kennedy Jr. condemns Biden’s proposed 30% Bitcoin mining tax

May 4, 2023 CryptoExpert

Presidential hopeful Robert F. Kennedy Jr. on May 3 condemned a 30% crypto mining tax proposed by the Biden administration and responded to considerations round crypto. Kennedy says crypto regulation is an influence seize Kennedy, […]

Hong Kong to release cryptocurrency framework next month
Regulation

Hong Kong to release cryptocurrency framework next month

May 4, 2023 CryptoExpert

Hong Kong’s new cryptocurrency licensing framework is predicted in May. The Securities and Futures Commission (SFC) chief government Julia Leung advised Bloomberg the rules comply with a consultative course of. Companies looking for to supply […]

Russian Banks Set for Record Profits This Year, Central Bank, Rating Agency Say
Finance

Russian Banks Set for Record Profits This Year, Central Bank, Rating Agency Say – Finance Bitcoin News

May 4, 2023 CryptoExpert

Bank of Russia raised its forecast for the earnings of Russian banks in 2023, anticipating outcomes which will break the 2021 file. This 12 months’s excessive numbers are coming after 2022 turned the worst annual […]

EX Ankr and Blockdaemon executives launch Liquid Staking Derivatives L1 chain
Technology

EX Ankr and Blockdaemon executives launch Liquid Staking Derivatives L1 chain

May 4, 2023 CryptoExpert

Liquid Staking Derivatives layer 1 blockchain is named Tenet. The blockchain will create a hub for Liquid Staking Derivatives (LSDs). Tenet’s testnet went reside in the present day permitting builders to work together and experiment […]

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