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hackers

BNB Cross-Chain Bridge Hacked

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After a short downtime Thursday night due to reports of an exploit, which proved out to be genuine, Binance’s BNB Smart Chain (BSC) went back up early Friday morning. Binance said that on Thursday, additional BNB were created on the exchange’s cross-chain bridge, BSC Token Hub, leading to a theft of at least $70 million (Cointelegraph). With a market worth of almost $46 billion, BNB is the fourth biggest digital asset. The...

Front page, Hacks, News

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gmx - crypto

GMX surged more than 500% during the bear market

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The protocol’s ability to maintain its value despite the precipitous drop in the bitcoin market this year has made it a popular choice. The total locked value (TVL) of GMX has steadily increased and currently stands at a record $455 million, according to cryptocurrency data source DefiLlama, while the TVL of other decentralized finance protocols has declined. Token holders on the GMX exchange get 30% of all transaction fees. On...

Cryptocurrencies, DeFi, Exchanges, Front page, News

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olympus dao real yield 1

Olympus: goodbye Defi 2.0, hello “Real Yield”? 

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Olympus, a DeFi protocol with more than $200 million in total value locked up, will reduce the sky-high yield that holders of its native token have enjoyed over the past year and a half as part of its “bond-centric future.” $OHM has now lost more than 99% of its value from its all-time high and is currently worth less than $11. OHM’s staking used to provide double-digit annual returns. OHM’s staking on Thursday...

Cryptocurrencies, DAOs, DeFi, Featured, Front page, News

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xrp

XRP climbs 12% following Ripple’s SEC win

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A U.S. court has ruled in favor of Ripple, ordering the regulatory body to hand over information supporting the company’s stance in the continuing legal fight. Former SEC Director William Hinman demanded the materials be released and they were. The papers are essential to Ripple’s case. News accounts state that Manhattan federal judge Analisa Torres ruled against the regulator’s bid to seal records pertaining to former...

Altcoins, Crypto regulation, Cryptocurrencies, Front page, News

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binance - usdc

Binance will stop supporting rival stablecoin USDC

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Binance, the issuer of the world’s third-largest stablecoin, said on Monday that, beginning on September 29, it would convert customers’ holdings in USD Coin (USDC), Pax Dollar (USDP), and True USD (TUSD) into its own stablecoin (BUSD) in an effort to “improve liquidity and capital-efficiency for consumers.”, a decision that has perplexed many crypto fans. As a result of the move, the world’s largest crypto exchange...

Front page, News, Stablecoins

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