Finance

Topline Singapore-based Vauld on Monday became the latest cryptocurrency platform to pause customer withdrawals as a result of the nascent market’s steep decline over the past month, telling customers it will also explore restructuring options as analysts warn the market downtrend will likely continue until broader recession fears subside. Coinbase-backed Vauld has started exploring restructuring …

‘Tragic Contagion’ Spreads: Major Crypto Lender Vauld Suspends Trading After $198 Million In Customer Withdrawals Read More »

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Ukraine prepares for reconstruction talks with international partners Read More »

You are here: Home / News / DeFi / Solana DeFi Protocol Crema Finance Halts Operations After a Hack July 4, 2022 by Lipika Deka Solana-powered liquidity protocol Crema Finance has temporarily suspended its operations after a major hack led to the draining of a sizable amount of funds. While the estimated loss is not …

Solana DeFi Protocol Crema Finance Halts Operations After a Hack Read More »

According to the decentralized finance (defi) protocol Crema Finance, the application was hacked on July 2, 2022. A Twitter account called “Solanafm” says the defi protocol lost around $8.7 million from the attack. Crema Finance Vulnerability Causes Defi App to Lose Millions — 6 Flashloans Executed Another defi protocol has lost funds to a hacker …

Exploit Forces Crema Finance to Temporarily Suspend Services, $8.7 Million Stolen Read More »

DeFi protocol Crema Finance has been in the crosshairs of cybercriminals several times in the past twelve months. On July 2, 2022, hackers again targeted the Solana-based lending and borrowing platform in what was the fourth serious breach of the protocol’s security. DeFi Exploit Resurfaces Again In the latest attack, unknown hackers exploited a vulnerability …

Crema Finance Exploited Yet Again in Fresh Flash Loan Attack Read More »

Summary: KuCoin CEO, Johnny Lyu, has debunked rumors that the exchange will soon pause withdrawals. According to Mr. Lyu, KuCoin does not have direct exposure to collapsed LUNA, Three Arrows Capital, or Babel Finance. He further reassures that ‘everything on KuCoin is operating well.’ The CEO of KuCoin, Johnny Lyu, has refuted claims that the …

KuCoin CEO Refutes Rumors that the Exchange Will Pause Withdrawals or Had Exposure to 3AC, LUNA or Babel Finance. Read More »

The crypto bear market and declining demand for crypto mining chips have caused semiconductor companies to batten down the hatches. Bank of America analysts say that semiconductor downturns happen every 3-4 years, and the industry could well be on the cusp of another one. Nvidia Corporation, a major supplier of chips for cryptocurrency mining and …

Nvidia Sees Crypto Mining Demand Cooling, Semiconductor Companies Slash Earnings Forecasts Read More »

War and crypto are the biggest stories coming out of Ukraine.  Viktor Kochetov, CEO of crypto exchange Kyrrex tells us how he not only has kept his financial ecosystem afloat, but has grown it while immersed in war. The early morning of February 24, 2022, seemed like a parallel reality to many. As the Russian …

War: Ukrainian Crypto Exchange Explains Growth Amidst Invasion Read More »

Real Vision CEO Raoul Pal has announced the launch of a Web3 tech company that aims to tokenize popular culture after receiving $10 million in pre-seed funding. ScienceMagic.Studios was recently formed by Pal, a bitcoin proponent and former hedge fund manager, Kevin Kelly, founder of Delphi Digital, and David Pemsel, former CEO of Guardian Media …

Raoul Pal Launches Web3 Company to Tokenize Pop Culture After $10M Funding Read More »

Regulation: Government regulatory agencies mostly remain skeptical about the crypto sector’s ability to efficiently regulate itself, says Justin Hartzman, CEO and Co-Founder of CoinSmart. Regulators around the world have been busy developing various approaches to crypto regulation, with some of them having ended up attempting to ban crypto entirely. Such an attitude can hardly be …

Regulation: Legislators Need to Cooperate with Crypto Businesses Read More »