Cointelegraph By Amaka Nwaokocha
KyberSwap intends to provide financial assistance to users affected by a significant exploit on Nov. 22, which led to a $48.8 million loss for the decentralized finance protocol. To address this, KyberSwap is establishing a grant initiative from its treasury to offer compensation to those adversely affected by the...
United States District Judge Robert Shelby has cautioned the Securities and Exchange Commission (SEC) lawyers, hinting at possible sanctions due to purportedly deceptive statements in a legal action against Digital Licensing Inc., also recognized as DEBT Box, a crypto company.Lodged in the federal court of Utah, the SEC’s legal...
Amid efforts by climate scientists and advocates to address environmental challenges, Google DeepMind Climate Action Lead Sims Witherspoon sees potential in artificial intelligence (AI), emphasizing the importance of framing the solution through thoughtful questioning.At the Wired Impact Conference in London, Google DeepMind Climate Action Lead Sims Witherspoon said she sees...
Celsius Network, a cryptocurrency lending platform, might need to secure a fresh vote from creditors for its planned shift to a Bitcoin mining venture, as a U.S. bankruptcy judge suggested in a recent court session.The crypto lender provided details on Thursday, Nov 30, of its plan to only mine...
Celsius, the cryptocurrency lending platform that declared bankruptcy in July 2022, has initiated withdrawals for select users. This development signifies a crucial juncture for the company and its clients amid financial instability and legal issues.According to the filing, participants in the Custody Program falling under “Class 6A General Custody...
A stakeholder in the blockchain and fintech ecosystem has called on the Federal Government of Nigeria to implement regulations that will foster the widespread integration of the approved blockchain policy in the country. The National Blockchain Policy offers economic growth, job creation, and financial inclusion potential. The President of the...
The governing body of Cosmos Hub has endorsed a proposal to decrease the maximum inflation rate of its native token, ATOM (ATOM), from approximately 14% to 10%.As per the proposal, the authorized modification would reduce Atom’s annualized staking yield from around 19% to approximately 13.4%. The Cosmos Hub is...
Indexed Finance, an Ethereum-based project that suffered a $16 million hack in 2021, has successfully thwarted two hijacking attempts. Control of the project’s decentralized autonomous organization (DAO) will be returned to its founders, who aim to allocate the remaining treasury to victims of the 2021 hack.In a thread on...
Arthur Hayes, co-founder of BitMEX, provided perspectives on a potential Bitcoin surge on the X platform. Alongside a chart depicting net Reverse Repurchase Agreement (RRP) and Treasury General Account (TGA) balance changes, the message specifically referred to Treasury Secretary Janet Yellen as “Bad Gurl Yellen.”In the statement, Arthur Hayes...
The Nigeria Police Force (NPF) said it has arrested one politician, Wilfred Bonse, for the theft of over 200 million naira ($246,153) from Patricia Technologies’ crypto wallet.The disclosure was made by Olumuyiwa Adejobi, the force public relations officer, in a statement issued on Friday. Bonse allegedly assisted hackers in...
