In the first quarter of 2024, DeFi platforms lost $336 million due to hacks and fraud, while CeFi platforms reported no losses. The openness and accessibility of DeFi make them vulnerable since their codes are public and vulnerabilities can be easily discovered. Despite a 23.1% decrease in losses compared to last year, security issues in […]
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Roger Ver, known as “Bitcoin Jesus”, is accused of $48 million tax fraud. He faces charges of mail fraud, tax evasion and filing false returns. Arrested in Spain, the US requests extradition. He is also being sued by Genesis and CoinFex. This Tuesday, officials from the United States Department of Justice (DOJ) announced charges against […]
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One crypto figure deemed Consensys’ demands unrealistic amid the discussions. Ethereum (ETH) has faced some regulatory turmoil amid rumors of a rejection of ETH spot exchange-traded funds (ETFs) in May. The second-largest cryptocurrency has also been in the spotlight after a key component of its ecosystem, Consensys, sued the US Securities and Exchange Commission (SEC) […]
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Bitcoin fell to a one-week low of $61,928 in early trading before recovering slightly to $62,387, down about 2%. Bitcoin and the broader cryptocurrency market faced a slowdown on Monday, driven by anticipation of a major Federal Reserve meeting later this week. As investors speculated about the implications of the meeting, the possibility of a […]
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Avalanche announced its integration into the Stripe financial platform, which will run on the C-Chain, allowing users to purchase AVAX with bank cards. Avalanche’s wallet, Core, integrated Stripe, where Avalanche users will be able to select Stripe as their cryptocurrency purchasing option. The Stripe news was celebrated by the market, as the price of AVAX […]
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