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Day: June 14, 2024

UwU Lend Suffers Second Hack Amidst Reimbursement Efforts
Web3

UwU Lend Suffers Second Hack Amidst Reimbursement Efforts

ByGlitch June 14, 2024June 14, 2024

UwU Lend, a decentralized finance (DeFi) protocol, has been targeted once again by the same hacker who orchestrated a $20 million exploit on June 10. The protocol was in the…

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Bitcoin Miners Face Pressure Post-Halving
Web3

Bitcoin Miners Face Pressure Post-Halving

ByGlitch June 14, 2024June 14, 2024

The Bitcoin mining industry is feeling the impact of the post-halving adjustments, with transaction fees plummeting, thereby reducing overall revenues and squeezing margins for miners. According to on-chain analytics firm…

Read More Bitcoin Miners Face Pressure Post-HalvingContinue

Michael Egorov Reaffirms Commitment to Curve Amidst Financial Setbacks
Web3

Michael Egorov Reaffirms Commitment to Curve Amidst Financial Setbacks

ByGlitch June 14, 2024June 14, 2024

Michael Egorov, the founder of Curve Finance, has recently faced significant financial turbulence with the liquidation of over 100 million regular CRV tokens due to margin calls. Despite this, Egorov…

Read More Michael Egorov Reaffirms Commitment to Curve Amidst Financial SetbacksContinue

Bitcoin ETFs See Major Outflows Amid Market Volatility
Fiat

Bitcoin ETFs See Major Outflows Amid Market Volatility

Bybennysteele June 14, 2024June 14, 2024

U.S.-listed bitcoin (BTC) exchange-traded funds (ETFs) experienced significant net outflows on Thursday, marking the third consecutive day of withdrawals this week. This trend is reminiscent of the substantial outflows witnessed…

Read More Bitcoin ETFs See Major Outflows Amid Market VolatilityContinue

Bitcoin Faces Potential Price Correction
Cryptocurrency

Bitcoin Faces Potential Price Correction

Bybennysteele June 14, 2024June 14, 2024

Despite a robust equity market and favorable U.S. crypto policies, bitcoin (BTC) may be heading for a deeper price correction in the coming weeks, influenced by miner selling activity and…

Read More Bitcoin Faces Potential Price CorrectionContinue

Notcoin and TON Surge in Crypto Rankings
Cryptocurrency

Notcoin and TON Surge in Crypto Rankings

Bybennysteele June 14, 2024June 14, 2024

Telegram-based clicker game Notcoin (NOT) has emerged as the top gainer among the top 100 crypto tokens, marking a notable 10% increase over the past 24 hours. This achievement coincides…

Read More Notcoin and TON Surge in Crypto RankingsContinue

Solana Meme Coins Suffer Heavy Losses
Cryptocurrency

Solana Meme Coins Suffer Heavy Losses

ByAnshul June 14, 2024June 14, 2024

The past week has been tumultuous for Solana meme coins, with significant declines across the board. Notably, tokens such as GME and MOTHER have experienced substantial drops, shedding between 20%…

Read More Solana Meme Coins Suffer Heavy LossesContinue

Binance Remains Sole Defendant in Nigeria Tax Case
Web3

Binance Remains Sole Defendant in Nigeria Tax Case

ByAnshul June 14, 2024June 14, 2024

Nigeria’s Federal Inland Revenue Service (FIRS) has amended the charges originally filed against Binance, a major global cryptocurrency exchange, by dropping the accusations against its executives Tigran Gambaryan and Nadeem…

Read More Binance Remains Sole Defendant in Nigeria Tax CaseContinue

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