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Zhu Su and Kyle Davies, the founders of bankrupt hedge fund Three Arrows Capital, last month teamed with the co-founders of troubled crypto exchange CoinFLEX to create Open Exchange, calling it the "world's first public marketplace for crypto claims trading and derivatives," as CoinDesk reported. Source
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Several USD Coin (USDC) holders have fled to other stablecoins since March 10 amid fears surrounding its solvency following the disclosure that a small portion of USDC's collateral was held at Silicon Valley Bank.However, not all of them had success during panic selling. One user paid over 2,000,000 USDC to
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Hedera, the team behind distributed ledger Hedera Hashgraph, has confirmed a smart contract exploit on the Hedera Mainnet that has led to the theft of several liquidity pool tokens.Hedera said the attacker targeted liquidity pool tokens on decentralized exchanges (DEXs) that derived its code from Uniswap v2 on Ethereum, which
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press release PRESS RELEASE. After over a year of preparation and restructuring, decentralized and privacy-enabled AI organization Federated Learning Consortium (FLC) is set to launch as a for-profit research consortium in Hong Kong, China, shifting from a previously non-profit approach. FLC is set to be led by founding keystone members
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The Den co-founders, the duo behind the viral hit ConstitutionDAO, says solving coordination issues is the biggest challenge for on-chain organizations. Original Source
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Chaos Labs said that it will use these funds to boost the security of the DeFi protocols through its services like capital efficiency and risk optimization, streamlined risk assessments, spend optimizations, and much more. Despite these tumultuous times in the market, crypto firms continue to secure fresh funding. On Tuesday,
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The SEC crackdown on the crypto space has dampened sentiments among institutional market players. Bitcoin-related investment products saw the highest outflows. As we know, the US Securities and Exchange Commission (SEC) has tightened its grip on the crypto market since the beginning of 2023. The latest crackdown among the SEC
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According to Winkelovoss, this will be a subtle reminder that crypto is an international asset class and that the West, specifically the US, has two options of either accepting it or being left behind. Cameron Winklevoss, the famous American cryptocurrency investor, made a new statement predicting that the next crypto
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Platypus Finance’s native stablecoin fell to 48 cents from $1 earlier on Friday following the attack. Original Source
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Taurus, a digital asset infrastructure provider for financial institutions in Europe, has raised $65 million in a Series B capital raise led by Credit Suisse. The funding round also saw participation from several other institutional investors, including Deutsche Bank, Pictet Group, Cedar Mundi Ventures, Arab Bank Switzerland, and Investis. According to
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