EigenLayer says $5.7M hack ‘isolated’ incident, no vulnerability on protocol
EigenLayer said that some of the stolen funds have been frozen as part of ongoing recovery efforts.
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Swiss Firm Poised to Launch Compliant IPO on Ethereum Blockchain
Swiss regulators have given the go-ahead for what is purportedly the country’s first fully compliant initial public offering (IPO) on a blockchain.Swiss blockchain firm Overture will launch a compliant IPO and offer ordinary class-A shares natively on the Ethereum blockchain, using smart contracts provided by Zug-based EURO DAXX (the European Digital Assets Exchange), a Jan.…

Investors lose $1.6M after Doja Cat’s X reportedly hacked to promote scam coin
A hacker reportedly posted to Doja Cat's X account telling fans to "buy $DOJA or else."

Funds Are SAFU, but Reorg Is Not: What We Know About the Binance Hack So Far
Binance, one of the world's largest cryptocurrency exchanges, experienced a “large scale” data breach on May 7. The hackers reportedly stole around 7,000 Bitcoin (BTC), worth more than $40 million as of press time.As the platform explained via a public statement, the fraudsters had managed to steal users’ application programming interface (API) keys, two-factor authentication…

Square Lowers Its Q1 Estimates by $800M Despite Bitcoin Success
Square’s Bitcoin (BTC) revenue continues to grow, even as the popular payments app lowers its first-quarter revenue estimates by $800 million due to the coronavirus crisis.According to a company announcement on March 24, COVID-19 was not a factor in the company’s growth until around 10 days ago:“While the beginning of March was relatively in line…

Salvadorans will not be forced to use the government’s Bitcoin wallet
The government’s new “Chivo” Bitcoin wallet will be interoperable and commission-free. 480 Total views 6 Total shares The latest announcement from El Salvador's pro-Bitcoin president, Nayib Bukele, has clarified that citizens will not be forced to use the government-issued “Chivo” Bitcoin wallet.In a tweet on June 29, El Salvador’s President Bukele stated he wanted to…

Bitcoin Safe Haven Narrative in Question After Biggest Drop in 7 Years
Bitcoin (BTC) price is slowly recovering, reaching $5,500, after last week’s Black Monday style market meltdown which led to Bitcoin price pulling back sharply as traditional markets suffered the third worst trading day ever. Monday’s correction was followed by major cryptocurrencies - Ether (ETH), XRP, and Bitcoin Cash (BCH) all losing 11.6%, 8.3%, and 4.2%,…

Bitcoin fights key trendline near $20K as US dollar index hits new 20-year high
Bitcoin (BTC) found a new focus just under $20,000 on July 14 as U.S. dollar strength hammered out yet another two-decade high.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewDXY moves bring yen, euro into focusData from Cointelegraph Markets Pro and TradingView showed BTC/USD rebounding from lows sparked by a fresh 40-year high for U.S. inflation as per…

China’s blockchain service network announces Cosmos integration
Cosmos becomes the first public blockchain to be added to the China-only version of the Blockchain-based Service Network. 974 Total views 7 Total shares Tweeting on Monday, the Blockchain-based Service Network — China’s blockchain infrastructure project — announced that it had adapted Cosmos (ATOM) to its Chinese network. The Chinese BSN, unlike the international version,…