Balancer protocol exploited for $900K as DeFi hacks mount: Finance Redefined
DeFi exploits resulted in losses of over $16 million in August. Go to Source
Cryptocurrencies
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Brazilian crypto streamer loses $50K by accidentally exposing private key
The risks of cryptocurrency self-custody are real and should not be underestimated as the private key can be stolen, destructed or lost. Go to Source
China court declares virtual assets as legal properties protected by law: Report
Despite a blanket ban on cryptocurrencies imposed by Beijing in 2021, many Chinese courts over the years have established that virtual asset holders have property rights. Go to Source
Bitwise withdraws Bitcoin and Ethereum market cap ETF application
Bitwise was among a number of asset managers looking to launch Bitcoin spot exchange-traded funds on U.S. markets. Go to Source
KC Fed tracks healthy growth of crypto ATM industry despite predatory operators
The crypto ATM industry gets little attention relative to its size and issues. It appeals to users with motivations ranging from convenience to investment. Go to Source
Hurricane Idalia delays Ron DeSantis’ reported plans to accept crypto campaign donations
The storm hit Florida first in the continental U.S., which may have stopped Ron DeSantis from joining Vivek Ramaswamy in accepting crypto donations for his presidential campaign. Go to Source
$16M in crypto lost to hacks in August — Report
Four security incidents took place on Coinbase’s layer-2 solution Base shortly after its launch. Go to Source
Nexo launches crypto Mastercard for EEA citizens
The card is only available to citizens of the 30-country European Economic Area. Go to Source
No, Bitcoin is not in its ‘longest ever bear market’ — Here’s why
Based on some definitions of a bear market, the current cycle is not the longest crypto winter ever seen and may not even be a bear market. Go to Source
Breaking victim ‘trust’ in scammer is key to beat crypto scams, exchanges say
Responsibility for crypto scams does not only belong to the cryptocurrency industry, it also involves banks, telecoms and social media platforms, Australian exchanges say. Go to Source