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Downfall

Investment Behemoth BlackRock Gains Unprecedented Support for Its Bitcoin ETF Venture

Investment Behemoth BlackRock Gains Unprecedented Support for Its Bitcoin ETF Venture

In a remarkable stride forward, the investment powerhouse BlackRock has engaged in profound discussions with some of the world’s foremost trading entities – Jane Street, Virtu Financial, Jump Trading, and Hudson River Trading. These prestigious firms have declared their readiness to back BlackRock’s groundbreaking spot Bitcoin Exchange-Traded Fund (ETF)

Web3 Cyberattacks Skyrocket: $889.26 Million Losses in Q3 Alone

Web3 Cyberattacks Skyrocket: $889.26 Million Losses in Q3 Alone

The digital landscape has been hit with staggering cyber losses, pushing businesses, investors, and policymakers to rethink their security strategies. New data released by cybersecurity experts at Beosin, a leading cybersecurity firm, reveals a worrying trend: cyberattacks on the Web3 industry caused an eye-watering loss of $889.26 million in

DropBox VS Cryptominers

DropBox VS Cryptominers

Just recently, Dropbox has announced its decision to discontinue its unlimited storage policy on the Dropbox Advanced plan. The decision came after the company noticed a surge in users exploiting the service for cryptocurrency mining purposes and for reselling the storage space to other users. The unlimited storage offering had

UK approves legislation to regulate cryptocurrencies and stabelcoins

UK approves legislation to regulate cryptocurrencies and stabelcoins

Britain's King Charles has signed into law the Financial Services and Markets Act. The country will now classify digital assets and stablcoins as regulated financial activities.

Arbitrage bot took a $200 million flash loan for a $3.24 profit

Arbitrage bot took a $200 million flash loan for a $3.24 profit

An unknown arbitrage bot took a $200 million flash loan on the MakerDAO platform for a $3.24 profit per trade, subject to a $30 commission charge. According to Arkham Intelligence, the bot took advantage of the "DssFlash" contract, which allows users to borrow any amount of DAI.

EXBI Launches Launchpad Platform and New Promotional Campaign

EXBI Launches Launchpad Platform and New Promotional Campaign

EXBI Exchange has announced the launch of a launchpad to support Web3 products targeting the widest possible audience. To celebrate the launch of the Launchpad, the company is running a promotional campaign on Gleam. It launches on May 22 and will run for two weeks. The campaign includes several types

Hong Kong banks ignore applications from crypto companies

Hong Kong banks ignore applications from crypto companies

The crypto industry is preparing to conquer Hong Kong, but not everything is going smoothly, CoinDesk writes. First, the local Securities and Futures Commission (SFC) has only 8 employees taking registration applications, which is not enough to handle the large flow of documents. But an even bigger problem was the

The Central Bank of Ireland called BTC "lotteries"

The Central Bank of Ireland called BTC "lotteries"

The Central Bank of Ireland commented on the recent MiCA bill. They issued a press release on their website from Gabriel McLough, the head of the agency. He believes Bitcoin is a Ponzi scheme and a lottery, not an investment. "Such a purchase can be like buying a lottery ticket:

WSB Coin team member collapses token price by 90%

WSB Coin team member collapses token price by 90%

On-chain analyst ZachXBT reported on the collapse of WSB Coin's price. A team member under the nickname ZJZ.eth, who ran the moderation bots of the notorious WallStreetBets community, suddenly sold off most of the tokens, amounting to $635k (334 ETH). As a result, WSB's price fell by 90%. ZachXBT

Citigroup downgraded Coinbase amid problems with authorities

Citigroup downgraded Coinbase amid problems with authorities

Citigroup analyst Peter Christiansen has published a report on cryptocurrency exchange Coinbase. Although the platform remains "one of the leaders in the industry", its rating has been downgraded to "neutral". In addition, the agency set a new target price for Coinbase shares at $65 instead of $80. This figure reflects