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Abracadabra Finance Loses Approximately $6.4 Million in Suspected Security Breach

Theon Barrett2 years ago2 min read

The MIM Stablecoin Depegged Briefly Before Recovering The incident caused the MIM stablecoin to briefly depeg to below $0.7 before recovering to $0.96, according to The…

Coinbase Ventures and other investors contribute $34 million in seed funding to Bitcoin-powered DEX Portal

Theon Barrett2 years ago3 min read

Portal Raises $34 Million in Seed Funding Round Portal, a startup that is developing a Bitcoin-based cross-chain decentralized exchange and wallet, has secured $34 million in…

Rise of New Bitcoin ETFs: Accumulating 150,000 BTC as GBTC Market Share Declines to 36%

Theon Barrett2 years ago3 min read

The Rise of Spot Bitcoin ETFs The nine new spot Bitcoin exchange-traded funds (ETFs) have gathered over 150,000 BTC (worth $6.5 billion) in assets under management,…

Collaboration Between Starknet and Celestia Enhances Data Availability in Layer 3 Ecosystem

Theon Barrett2 years ago3 min read

Ethereum Scaling Solution Starknet Collaborates with Celestia for Improved Data Availability Ethereum scaling solution Starknet has partnered with blockchain network Celestia to enhance data availability for…

Restrictions on Hong Kong Users Staking Memecoin Floki in Response to Regulatory Warnings

Theon Barrett2 years ago3 min read

The Floki Inu cryptocurrency team suspends staking programs in Hong Kong The Floki Inu cryptocurrency team has decided to halt its Floki and TokenFi staking programs…

French Hill, Republican, Expresses Optimism for Future Crypto Legislation in 2024

Theon Barrett2 years ago2 min read

Top Republican Rep. French Hill Optimistic About Regulating Stablecoins Republican Rep. French Hill expressed optimism about the prospects of a bill to regulate stablecoins and another…

Intensified Competition in Spot Bitcoin ETF Race as Invesco and Galaxy Reduce Fees

Theon Barrett2 years ago2 min read

Invesco and Galaxy Asset Management Reduce Sponsor Fee on Spot Bitcoin ETF Invesco and Galaxy Asset Management have announced that they are lowering the sponsor fee…

Coinbase Introduces Fees on USDC to USD Conversions Exceeding $75 Million

Theon Barrett2 years ago2 min read

USDC Conversion Fees Based on Transaction Amount Circle, the issuer of USDC, has announced that it will introduce fees for institutional clients making USDC to USD…

Early Access Mode Launched for Immutable’s zkEVM Mainnet, Powered by Polygon

Theon Barrett2 years ago3 min read

In collaboration with Polygon, Immutable launches Immutable zkEVM mainnet In early access mode, web3 gaming platform Immutable has launched its Immutable zkEVM mainnet in collaboration with…

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