Cointelegraph

2023-06-12 13:50:21 Latest crypto prices

BTC $25,893 + 0.36%

ETH $1,742 - 0.82%

BNB $228 - 3.46%

XRP $0.51 + 1.10%

ADA $0.281 + 7.63%

DOGE $0.06 - 1.46%

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2023-06-12 12:55:27 Attacker drains $800K from DeFi protocol Sturdy Finance

Decentralized finance (DeFi) protocol Sturdy Finance has lost 442 $ETH, worth almost $800,000 when writing, to a security exploit. The attacker exploited a vulnerability that eventually manipulated a faulty price oracle, allowing them to drain funds from the protocol.

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2023-06-12 12:00:05 ⁠ Reddit crypto community goes offline: Here’s why

Reddit communities unanimously decided to go private or in read-only modes between June 12 – June 14, protesting against the upcoming change that would prevent users from freely accessing APIs and tools.

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2023-06-12 11:10:23 Binance CEO CZ responds as data points to billions in exchange outflows

Leading analytics platforms such as Nansen and DefiLlama have all measured increased exchange outflows from Binance over the past seven days.

According to Nansen, there has been a net outflow of $2.36 billion from Binance over the past seven days, along with $123.7 million flowing out of Binance. US.

DefiLlama reported an even larger figure of $3.35 billion in outflows from Binance, while Glassnode data shows the exchange’s BTC balance having declined by 5.7% or around $1 billion over the past seven days.

CZ argued that some exchange outflow data can be skewed as some third-party analytics measure change in assets under management as “outflow,” which would include times when crypto prices decline.

"Some even only measure outflow, not inflows. On a sharp price movement day like today, many arbitrage traders move a lot of funds between exchanges, usually exponentially more than on normal days.”

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2023-06-12 04:22:05 ⁠ALGO, FLOW rebound from all-time lows, others rebuff SEC securities label

The SEC’s tagging of cryptocurrencies as securities has greatly affected the crypto market causing Algorand and Flow to hit historic lows on June 10.

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2023-06-12 00:00:01 Kristin Smith, the CEO of the Blockchain Association, highlighted that while the industry and the U.S. Congress are working to develop effective regulation, the SEC “continues to distract from substantive policy efforts.”

More memorable quotes and other headlines from last week all in one place.
Check out this week’s Hodler’s Digest. Open / Comment

2023-06-11 23:30:00 Last Week's Top Headlines In Case You Missed It

Binance.US suspends USD deposits, warns of fiat withdrawal pause

Pro-Bitcoin DeSantis tagged over AI-faked photos in Trump smear campaign

Major Australian bank to decline ‘certain’ payments to crypto exchanges

SEC’s Gensler offered to serve as an adviser to Binance in 2019: Lawyers claim

US district court issues summons for Binance CEO Changpeng Zhao over SEC action

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2023-06-11 20:56:01 How to find the next big altcoin before it pumps?

Join us as we discuss the best way to find the next big altcoins before they pump and what every trader should be doing right now.

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2023-06-11 20:22:05 ⁠SOL is not a security, says the Solana Foundation

The SEC has labeled the SOL token as a security in two separate lawsuits filed on June 5 and June 6 against crypto exchanges Binance and Coinbase.

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2023-06-11 18:20:22 Why do people use NFT profile pictures?

Explore the rise of NFT profile pictures and how they're transforming digital identity. Learn how these one-of-a-kind artworks are becoming a symbol of individuality in the crypto community.

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