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May, 2022

$90M DeFi Hack Discovered Seven Months After the Fact
It is the longest it has ever taken for a crypto exploit to be discovered. Seven Months Mirror Protocol was hacked for almost $90 million on Terra Classic on Oct.......
South Korean Authorities Summon All Terraform Labs Employees
South Korean authorities have launched a new investigation on Terraform Labs, according to reports from JBTC. Korean Authorities Summon Team The Seoul Southern District’s joint financial and securit...
Cardano Becomes Sixth Biggest Crypto With 27% Surge
The global crypto market is experiencing a small relief rally. Cardano is leading the bounce with a 27% price surge, overtaking Ripple to become the sixth-largest cryptocurrency by market capitalizati...
Terra’s New LUNA Token Soars 50% Following Shaky Launch
Binance completed the first phase of its LUNA airdrop for LUNC and USTC holders early Tuesday. Terras LUNA Rallies After a rocky launch weekend, Terras new LUNA token appears to......
Soros’ Fund Manager Says Ethereum May Gain Traction Over Bitcoin
Dawn Fitzpatrick, chief executive and chief investment officer of Soros Fund Management, has said that crypto has already gone mainstream and is here to stay. Soros Fund’s Fitzpatrick Says Crypto......
Stablecoins Face U.K. Regulation Following UST Collapse
The U.K. government has published a paper exploring ways to mitigate the financial stability issues associated with digital payment assets. The development comes after the collapse of UST, previously ...
Fidelity to Offer Ethereum Trading and Custody
Fidelity is also planning to expand its team of blockchain specialists. Long-Term Indicators Fidelity is planning to offer services for the custody and trading of Ethereum and other cryptocurrencies, ...
Kava Attempts to Break Out Following Sushi Partnership
KAVA has rallied in response to the update. KAVA Jumps on New Partnership Despite the recent slump in the cryptocurrency market, the Kava Network is making significant strides to expand......
Mirror Protocol Halts Exploit After $2M Lost
Terra’s Mirror Protocol has resolved an ongoing exploit that caused the network to lose over $2 million yesterday. Mirror Protocol Disables Affected Pools An attack on Mirror Protocol began yesterda...
Russian Central Bank Open to Crypto For International Payments
The Russian Central Bank is open to the idea of cryptocurrencies being used for cross-border settlements, an official stated on Tuesday. The announcement comes as various departments and legislators c...
Newswire > May, 2022

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