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USDC Dominated Trading Volume on Decentralized Exchanges Amidst Depegging Incident – Market Updates Bitcoin News

On Saturday, several centralized crypto trading platforms and payment processors stopped USDC auto conversions. However, USDC experienced a significant trading volume on decentralized exchange (dex) platforms such as Uniswap, Curve, and Pancakeswap. Uniswap alone recorded $10.13 billion in trades over the past day, with more than 55% of those swaps

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Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident – Bitcoin News

On March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip down to $0.877 per unit. At the time of writing, Makerdao commands $3.1 billion in USDC collateral that backs a portion of the project’s stablecoin, DAI. Makerdao Proposes

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Crypto Custody Firm Copper Alerted to Security ‘Incident’ Over Christmas

“The subsequent investigation determined that Copper hadn’t suffered any breach or business interruption and that no client information had been compromised,” Copper said in a statement. “The incident was not of a nature that required disclosure with applicable law or regulations, operations continued to run smoothly and caused no further

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Solana Foundation warns about security incident with Mailchimp

Solana Foundation, the non-profit organization of the Solana Network, disclosed on Jan. 14 a security incident involving its email service provider Mailchimp. According to an email sent to users and seen by Cryptox, the Foundation was informed by Mailchimp on Jan. 12 that "an unauthorized actor accessed and exported certain user

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Defi Platform Moola Exploited for $8.4 Million in Incident Described as ‘Incredibly Simple Attack’ – Security Bitcoin News

Moola, a decentralized finance (defi) lending and borrowing platform, was recently exploited for $8.4 million in what has been described as an “incredibly simple attack.” Moola responded to the attack by pausing all activity on the platform. The defi platform also told the attacker(s) it was willing to negotiate a

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Bitcoin Snaps Losing Streak as Pelosi Taiwan Trip Passes Without Incident

●Bitcoin (BTC): $22,807 −1.1% ●Ether (ETH): $1,614 −2.0% ●S&P 500 daily close: 4,155.17 +1.6% ●Gold: $1,781 per troy ounce +0.5% ●Ten-year Treasury yield daily close: 2.75% +0.007 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CryptoX Bitcoin Price Index (XBX); Ether is the CryptoX Ether Price Index

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Binance Reveals Incident That Forced It to Freeze BTC Withdrawals – Featured Bitcoin News

In a post-mortem issued shortly after it lifted the freeze on bitcoin withdrawals, Binance has identified the “repairing of several minor hardware failures on wallet consolidation” as the incident that ultimately forced it to pause withdrawals. To fix the problem and to stop this from recurring, Binance said it changed

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Opensea CEO Dismisses $200 Million Hack Rumor, Claims Incident Was a Phishing Attack – Security Bitcoin News

Opensea co-founder and CEO, Devin Finzer, has denied rumors that the non-fungible token (NFT) marketplace’s codebase was breached and that attackers had stolen $200 million. According to Finzer, an investigation had shown that the attacker had $1.7 million worth of ethereum in his wallet by leveraging a phishing scheme. Attacker

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