Decentralized governance hedge fund platform Convergence exploited. 58M CVG tokens minted and swapped. CVG token value plunged 99% from $0.12 to $0.0004 following the hack. On Thursday, the decentralized finance (DeFi) protocol Convergence experienced a severe breach, resulting in a dramatic collapse of its CVG token...
Posts published by “Charles Thuo”
There are reports that the Hong Kong SFC is considering to approve Bitcoin ETFs in Q2 2024. VSFG and Value Partners have applied for approval to offer a spot Bitcoin ETF in Hong Kong. VSFG is targeting to launch the spot BTC ETF as early as May this year...
Dymension’s mainnet launch and genesis rolldrop drive DYM price up by 40% to $5.59. The strategic airdrop targets diverse blockchain communities, offering $390M worth of DYM tokens. Dymension’s RollApps infrastructure revolutionizes dApp deployment with flexibility and scalability. Dymension, an innovative blockchain network, has successfully launched its mainnet...
Starting January 29, 2024, Google will allow US-based crypto trusts to advertise on its platform. Advertisers looking to promote crypto trusts must, however, undergo Google certification. Google’s policy update aligns with a broader industry trend and Bitcoin’s 74% surge in the past 90 days. In a strategic move...
HTX experiences outflow post-hack. The outflow occurred between November 25 and December 10. HTX clients are disquieted after the November security incident. The HTX exchange, formerly known as Huobi and affiliated with Chinese crypto mogul Justin Sun, has seen a massive $258 million net outflow since resuming operations after falling victim to a significant hack
In the crypto world, there’s a noticeable shift in how big investors are playing the game. Institutional traders are increasingly leaning towards Bitcoin and Ethereum as safer choices, as shown by a recent Bybit Research report. Meanwhile, the big players, or ‘whales’, are getting more interested in a new AI cryptocurrency ICO...
Republic aims to leverage Avalanche’s features for global scalability. Republic Note has already attracted over $30 million in pre-sale participation. The move could potentially help stop the current AVAX price drop. Investment platform Republic has selected Avalanche as the blockchain for its upcoming tokenized investment fund...
Elon Musk has made several tweets of a dog seated on his CEO seat. There has been anxiety around the broader crypto community that Twitter will add crypto. Following the tweets, all dog-themed tokens are on the rise. A majority of meme coins are soaring after Twitter CEO Elon Musk tweeted a photo of his
Senator Elizabeth Warren first introduced the AML Act of 2022 on December 15, 2022. The first bill was read twice and referred to the Senate banking Committee. The senator now wants to reintroduce the bill to also cover decentralized entities. The past few weeks have seen some hostile moves by several regulatory authorities in the
The partnership agreement makes Wirex a global partner of Visa. It will also allow Wirex to expand its crypto card services to more countries around the world. The agreement also allows Wirex to offer crypto card services to UK and APAC markets. London-based digital payment company Wirex has announced that it has reached a long-term