Unconventional Business Model: Making $200 Million into $3
An arbitrage bot employed MakerDAO’s ‘DssFlash’ contract to execute a flash loan of $200 million, resulting in a modest profit of $3.24.
Binance’s Legal Team Turns to Ripple’s Arguments
Binance seems to be capitalizing on the disclosure of the Hinmnan’s files at lightning speed and has already filed a brief using similar arguments. A partner at Florida-based Hogan and Hogan firm has discussed the matter.
Puma has launched a 3D metaverse
Puma, the iconic sports apparel brand, has expanded its digital footprint by stepping into the burgeoning world of the metaverse with the launch of its unique 3D virtual realm called “Black Station” on June 13. This groundbreaking initiative places Puma at the forefront of brands exploring the possibilities of the digital universe.
Amazon Web Services (AWS) Suffers Outage
On June 13, a minor outage occurred at Amazon Web Services (AWS), the leading cloud computing giant, creating a three-hour disruption. It affected several organizations, as well as the blockchain game Illuvium and the cryptocurrency wallet Phantom.
OpenAI’s Latest Study: Tackling Hallucinations in ChatGPT
OpenAI aims to reduce the instances of logical inaccuracies often referred to as hallucinations in ChatGPT. Such aberrations result in the generation of imprecise or entirely concocted data.
Uniswap Labs reveals plans for Uniswap v4 protocol upgrade
Uniswap Labs has announced the draft code for Uniswap V4, a complete redesign of their popular decentralized exchange protocol. The new architecture aims to offer more customization and efficiency. The cost of creating liquidity pools is projected to reduce by 99%, and the protocol will permit developers to construct more cost-effective, minimalistic pools.
Paradigm Accuses SEC of Wanting the Impossible from Coinbase
American venture capital company Paradigm has published a message. And it is not something the SEC will be too keen to hear.
Ripple vs. SEC: New Evidence Tips the Scale in Ripple’s Favor
Recent documents have been disclosed in relation to William Hinman, the former director of the U.S. Securities and Exchange Commission (SEC)’s Division of Corporation Finance from 2017 to 2020, pertaining to the ongoing SEC lawsuit against Ripple Labs.
US Congressmen Propose Crypto Bill, Get Praise
It’s crypto regulatory time, and the US is finally taking the lead. Two Congressmen are spearheading the process.
Danny Devan: From TikTok Crypto Influencer to Fraudster
Denish Sahadevan, a renowned American crypto blogger, has confessed to perpetrating credit fraud, stealing personal data, and laundering public funds using cryptocurrencies and securities.
Damus Could Faces App Store Delisting
Damus, a decentralized social networking app powered by the Nostr protocol, recently announced that it could be delisted from the App Store within a two-week timeframe.
The Wolf of Wall Street NFT: Investment or Mere Amusement?
NFT marketplace LALA has unveiled a digital collection themed around the renowned movie “The Wolf of Wall Street,” pledging a passive income stream for all NFT holders.
Sturdy Finance team had sent a message to the attacker’s address
Sturdy Finance took decisive action in response to a security incident involving an unknown attacker.
AI’s Medical Breakthrough: Tackling Antibiotic Resistance
Antibiotic-resistant bacteria are among the most perilous microorganisms to humans. However, this may soon change, as scientists at McMaster University and MIT are employing AI to discover new, potent antibiotics.
Crypto.com Shuts Down its US Institutional Exchange
The roster of crypto exchanges that have ceased their U.S. operations just expanded by one more entry. Singapore’s Crypto.com has officially stated its decision to suspend services to American institutional entities.
Polygon Labs Introduces “Polygon 2.0”
Polygon Labs has unveiled “Polygon 2.0,” an extensive upgrade package designed to establish the “Value Layer” of the internet. Polygon envisions this upgrade to empower users in creating, exchanging, and programming value.
Cosmetic Brands to Dive into the World of Digital Makeup
The Metaverse Beauty Week (MBW) — a trailblazing event focused on digital and traditional beauty — is kicking off in the virtual world. Moreover, a similar event is set to happen in London, the real-world city, not its digital counterpart.
Volodymyr Nosov (WhiteBIT): Ukraine Can Adapt MiCA in Its Own Way
June 10 marked the first day of one of Ukraine’s most significant crypto events, the Incrypted Conference 2023. The online broadcast featured 16 captivating speakers, including Volodymyr Nosov, the founder and CEO of WhiteBIT, Europe’s largest cryptocurrency exchange and the conference’s key partner.
Crypto Trading Plunges on Robinhood Amid Regulatory Challenges
Robinhood, a well-known trading platform, has reported a significant decrease in cryptocurrency trading volume for the month of May. According to the company, the crypto trading volume dropped to $2.1 billion, which is a 43% decline from April, and a staggering 68% fall on a yearly basis.
The first tokenized securities were issued in Hong Kong
BOCI, the investment banking arm of Bank of China, has achieved a landmark feat by issuing CNH 200 million in fully digital structured notes. This marks the first instance of a Chinese financial institution issuing a tokenized security in Hong Kong. BOCI collaborated with UBS for the origination of the product, which was placed with UBS’s clients in the Asia Pacific region.
EBA to Back Crypto Banks Under Certain Conditions
The European Banking Authority (EBA) has begun public consultations for amendments to the “Guidelines on money laundering and terrorist financing risk factors” while revealing future plans to work in concert with crypto-asset service providers (CASPs).
Ripple and University of Toronto Team Up for Crypto Education
The University of Toronto, Canada’s largest higher education institution by enrollment, is partnering with Ripple to establish an independent XRP ledger validator that will primarily process payments, marking a significant step in fostering the upcoming wave of the crypto industry.
Sanctioned Rosbank Introduces Cross-Border Crypto Payments
Rosbank, a major player in the Russian banking system, has begun executing cross-border crypto transactions. As of early June, the bank has carried out test transactions with both corporate and individual clients. This innovation aims to sidestep Western sanctions intended to halt Russia’s conflict with Ukraine.
3D Games and Internet on Bitcoin blockchain
Ordinals developers have introduced a method called «Recursive inscriptions» to overcome the 4 MB per block size limitation that has traditionally restricted the size of NFTs.
Musk the Richest Man, Bill Gates Also on the List
It’s time to decide who is the richest man in town. Forbes has published a list of the wealthiest billionaires, topped by Elon-the-Dogecoin-Father-Musk.
Opinion
MORE
Who Is Crypto Kaleo: A Market Analyst with 700,000 Followers
Crypto Kaleo is a renowned crypto trader and one of the most followed influencers in the industry. Active since 2017, he has built a strong presence on X, TradingView, and other platforms, sharing technical analysis, market predictions, and insightful commentary on the crypto space.
Investigation
MORE
Zora Network Reviewed: A Testnet Guide
Are sky-high Ethereum fees getting you down? The folks at Zora have come up with an alternative, introducing their Layer 2 solution with lower transaction fees. This article will walk you through how to get involved with the project and earn some rewards.