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View More NewsThe two biggest DeFi exploits of the past two months have one thing in common. They used a tool that does not exist on the XRP Ledger.Thorchain lost roughly $10.8 million on May 15 to a cross-chain attack that drained funds across Bitcoin, Ethereum, BSC, and Base. Drift Protocol, a Solana-based decentralized perpetual exchange, and KelpDAO, a liquid restaking protocol on Ethereum, together accounted for more than $600 million in losses through April alone. Cross-chain bridges have lost over $2.8 billion to attacks since 2021, per Chainalysis. And a significant share of these exploits used some variant of the same…
The U.S. government has made it illegal to pay Iran a toll to pass through the Strait of Hormuz. On Thursday, the Department of the Treasury’s Office of Foreign Asset Control (OFAC) imposed sanctions on Iran’s Persian Gulf Strait Authority, forbidding anyone who deals in U.S. dollars from doing business with the Iranian government body collecting the payments. “The U.S. Treasury will aggressively target any actors involved—directly or indirectly—in facilitating tolls for the Strait and any willing partners will be penalized,” Secretary of the Treasury Scott Bessent declared. “All nations should reject outright any efforts by Iran to disrupt the…
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We were promised world records, freakish performances, a new era of sport that would redefine human potential. Instead, we got an Enhanced Games that somehow gave athletes a boatload of drugs and didn’t enhance much of anything. Which, if I’m honest, is quite the feat. The East German regime of the 1980s would be disappointed. But that’s the larger point. The Enhanced Games is a sports story. But more so it’s the latest entry in a larger pattern: a tech culture that tries to convince us to “hack” everything without really understanding what drives actual performance whatsoever.Coming Up ShortFirst, let’s…
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Bitcoin BTC$73,377.21 added as much as 0.4% since midnight UTC on Friday and was recently just 0.07% higher after slumping to its lowest level…
Bitcoin (BTC) traders have placed new buy orders near $70,000 as the price approaches a key liquidity zone. Order-book data shows more than $500…
In brief Celsius founder Alex Mashinsky filed a motion to vacate his 12-year prison sentence. The former crypto lending CEO cited ineffective counsel as…
from the hallucinating-your-arrest dept This article is republished from The Conversation under a Creative Commons license. Read the original article. In Baltimore County, Maryland on Oct. 20,…
JPMorgan Chase CEO Jamie Dimon on Friday yet again sharply criticized Coinbase CEO Brian Armstrong and warned that the latest version of the Clarity…
The Sui layer-1 blockchain experienced another disruption on Friday, causing a “network stall” that temporarily halted block production, before normal activity resumed, according to…
In brief The CFTC will allow Coinbase to offer U.S. customers access to offshore crypto perpetual futures through the exchange’s subsidiary, Deribit. Crypto “perps”…
Two months after the Trump administration fired Department of Homeland Security (DHS) Secretary Kristi Noem under a cloud of controversy, DHS’ most aggressive and…
Journalist René Capain Bassène devoted his career to restoring peace to Senegal’s troubled Casamance region. The government accused him of being a rebel who…
This morning, the Commodity Futures Trading Commission (CFTC) took historic action to permit the listing of a true bitcoin perpetual contract by a CFTC-registered…
Coinbase Financial Markets has begun offering US institutional clients access to global crypto options and perpetual futures markets through a regulated futures commission merchant,…
In brief An anonymous Bitcoin user inscribed the text of the American Constitution on the Bitcoin blockchain. The act was possible as thanks to…