The Bitcoin network’s hash rate has suffered a short-term loss as miners in China’s Sichuan region are facing temporary power limitations.
The post Bitcoin hash rate drops as Sichuan miners face short-term power cap appeared first on The Block.
Binance Smart Chain’s PancakeBunny protocol was exploited using flash loans. The attacker drained $45 million from the ecosystem.
The post Binance Smart Chain’s PancakeBunny protocol exploited, $45 million drained appeared first on The Block.
Quick Take
- As a result of DeFi attacks, at least $370M was stolen in a year and a half.
- The BSC’s success has led to a new outbreak of attacks due to unqualified developers and an auditors’ shortage.
- Most often, DeFi is exploited during the weekend.
Berlin-based neo-broker Trade Republic has raised $900 million in a Series C investment round led by Sequoia.
The post Germany’s Trade Republic lands $900 million investment led by Sequoia appeared first on The Block.
Instagram is hosting an event for non-fungible token (NFT) creators as part of its inaugural “Creator Week.”
The post Instagram is hosting a professional development panel for NFT artists appeared first on The Block.
Crypto lender BlockFi mistakenly sent some users promo rewards bitcoin instead of U.S. dollars. Now it’s trying to get the money back.
The post BlockFi scrambles to pick up the pieces after mistakenly sending users millions of dollars in bitcoin appeared first on The Block.
The OCC, Federal Reserve and FDIC are considering an ‘interagency sprint team’ for crypto regulation
A “joint effort” to create a unified framework and set of definitions for cryptocurrency is already in progress involving the OCC, Federal Reserve and FDIC.
The post The OCC, Federal Reserve and FDIC are considering an ‘interagency sprint team’ for crypto regulation appeared first on The Block.
Institutions bought the proverbial dip.
The post Hedge funds and asset managers bought bitcoin’s latest dip, say trading firms appeared first on The Block.
Heavy traffic has caused havoc for multiple crypto exchanges and Ethereum network congestion has resulted in withdrawal delays.
The post Crypto exchanges report outages amid extreme market volatility appeared first on The Block.
