Blockchain security firm PeckShield recently detected a hack that allowed the attacker to mint over 1 quadrillion Yearn Tether (yUSDT) from $10,000 in the latest decentralized finance (DeFi) exploit. According to the security firm, the hacker then swapped the yUSDT to other stablecoins, allowing them to take hold of $11.6 million worth of stablecoins. This […]
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The existence of the Web3 economy in Africa began with cryptocurrency. Using blockchain technology in Africa came with a lot of transformation in terms of transparency and control over finances. The Web3 economy in Africa is still gaining more traction with a DeFi-based financial inclusion. Fonbnk, the Web3 on-ramp that allows Africans to obtain cryptocurrency […]
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Blockchain security firm PeckShield recently detected a hack that allowed the exploiter to mint over 1 quadrillion Yearn Tether (yUSDT) from $10,000 in the latest decentralized finance (DeFi) hack. According to the security firm, the hacker then swapped the yUSDT to other stablecoins, allowing them to take hold of $11.6 million worth of stablecoins. This […]
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The bill, seeking to enshrine crypto miners’ rights in Montana, United States, successfully passed the third reading in the state’s House of Representatives. Now, the only thing that is required for it to become law is the Governor’s signature. Bill number 178, prohibiting local authorities from obstructing the crypto mining operations, was voted in during […]
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The much-awaited Shapella update on Ethereum has gone live, paving the way for new features such as the unstaking of Ether (ETH). Members of the community celebrated with various responses to the newest update in the Ethereum ecosystem. Shapella is a term used by the community that blends together “Shanghai” and “Capella,” the upgrades that […]
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Content generated by artificial intelligence (AI) has been on the rise following the release of OpenAI’s latest version of their AI chatbot, ChatGPT-4, and others like it. However, not everyone has been in favor of some of its capabilities when left unchecked. A report from the Financial Times on April 13 revealed Universal Music Group (UMG) as […]
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The Italian regulatory body responsible for data protection has specified the actions that OpenAI must take to revoke an order imposed on ChatGPT. The order was issued in March 2023. The watchdog suspected the artificial intelligence (AI) chatbot service of violating the EU’s General Data Protection Regulation (GDPR) and mandated the United States-based firm to halt […]
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Bitcoin (BTC) price action is right on track when it comes to sealing new all-time highs, new data suggests. A suite of price metrics from on-chain analytics firm Glassnode released on April 11 hints that Bitcoin’s current halving cycle is playing out in classic style. BTC price closely resembles prior halving cycles With BTC/USD up […]
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Popular social media platform Twitter is reportedly set to introduce a new feature that will allow users of the platform to trade cryptocurrencies, and stocks. The new feature is being launched in partnership with fintech firm eToro, reported CNBC. Twitter users will be able to browse market charts for a wider variety of financial instruments […]
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A recent court judgment further weakens a key defense made by technology firm Ripple Labs in its ongoing legal battle with the United States Securities and Exchange Commission (SEC), the regulator has claimed to a federal judge. In an April 11 letter to U.S. District Judge Analisa Torres, who is overseeing the SEC and Ripple […]
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