Short News
522 articles
UniLend Finance Hack: $197,600 Stolen in Vulnerability Exploit
SlowMist has reported that UniLend Finance lost $197,600 in a redeem process hack that exposed a vulnerability in it. With that, they had a chance to control the shares and artificially lift the value of the collaterals used as security. This made it possible to misrepresent the attacker’s holdings and facilitated the stealing of funds. …
Sohrab Khawas·13 Jan 20251 min
Azuki’s ANIME Token Set to Launch: Will It Revolutionize the NFT Market?
Azuki-backed token ANIME is gearing up for its launch on Ethereum and Arbitrum in January 2025. The token distribution plan is already in place, with 37.5% allocated to the Azuki community, ensuring strong backing from its loyal fanbase. Additionally, 13% will support AnimeDAO, while 24.44% will go towards the Animecoin Foundation. The team and advisors …
Mustafa Mulla·13 Jan 20251 min
Mudrex Pauses Crypto Withdrawals Amid Compliance Upgrades
Indian cryptocurrency exchange Mudrex has temporarily halted crypto withdrawals, with services expected to resume on January 28 after compliance upgrades. INR (Indian rupee) withdrawals remain unaffected, and the platform assures users that all funds are safe. Mudrex clarified that the pause is aimed at improving compliance and preventing misuse of the platform. Officials emphasized their …
Mustafa Mulla·13 Jan 20251 min
Mango Markets Shuts Down After SEC Settlement and Legal Troubles
Mango Markets, a Solana-based decentralized exchange, is shutting down operations following legal troubles and an SEC settlement. The platform advised users to close their positions by January 13, marking the end of its borrowing and lending services after governance votes. The closure follows the SEC’s claims that Mango raised $70 million in 2021 through unregistered …
Mustafa Mulla·13 Jan 20251 min
Short NewsCrypto scammers Steal $2M from New Yorkers Promising Remote Jobs
Scammers targeted New York residents with fake remote job offers, stealing over $2 million in cryptocurrency. Victims were instructed to buy stablecoins like USDT and USDC on platforms such as Coinbase and send them to unhosted wallets. The scammers convinced them to write fake reviews for non-existent products in exchange for promised job opportunities. New …
Mustafa Mulla·11 Jan 20251 min
Cardano Founder Praises XRP Community and Leadership
Charles Hoskinson, the founder of Cardano, has recognized the XRP community for its strong leadership and purpose-driven vision. In a recent X post, Hoskinson highlighted the genuine support from XRP users and credited the project’s leadership as credible, and essential for its long-term growth. Hoskinson’s remarks pointed to XRP’s utility in cross-border payments and financial …
Mustafa Mulla·11 Jan 20251 min
Kenya Officially Set To Legalize Cryptocurrency Trading
In a latest development, Kenya is officially preparing to legalize cryptocurrency trading in the country, including Bitcoin, according to officials. Kenya’s Treasury Cabinet Secretary John Mbadi says that the East-African country is preparing legislation for crypto assets, a major shift in policy regarding the industry. Cryptocurrencies have been banned in Kenya, but widespread public use …
Nidhi Kolhapur·11 Jan 20251 min
Coinbase to Suspend FTM-PERP Trading; Price Dip Ahead?
In a recent X post, Coinbase announced that it has decided to suspend trading for Fantom-PERP effective January 24, 2025, from around 10:30 AM UTC. FTM-PERP trades will be terminated on both Coinbase International Exchange and Coinbase Advance, with the final price to be settled according to a pre-determined method. The funding rate will be …
Nidhi Kolhapur·11 Jan 20251 min
US Jobs Data Fuels Bearish Bitcoin Outlook; Traders Anticipate Only One Rate Cut
The latest Nonfarm payrolls data showed that US employment increased to 256,000 in December while unemployment rate dropped to 4.1%. The unemployment rate also came in lower than expected. After the release of this nonfarm payroll report, traders are now betting against a first-half rate cut from the Federal Reserve. Traders predict the Fed will …
Nidhi Kolhapur·10 Jan 20251 min