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MakerDAO “shakes hands” with traditional banks to issue loans

MakerDAO "shakes hands" with traditional banks to issue loans

MakerDAO could expand into traditional finance if the proposed integration with a Pennsylvania-based bank goes through this week. Recently, MakerDAO held a vote on a proposal to bring a traditional bank into the ecosystem of the platform for the first time. This will allow the bank to borrow against its assets using the characteristics of […]

Three Arrows Capital “pulled” a company to file for bankruptcy

Three Arrows Capital "pulled" a company to file for bankruptcy

Cryptocurrency exchange Voyager Digital has filed for Chapter 11 bankruptcy. This comes a few days after Voyager halted trading, deposits and withdrawals, causing the company’s stock to “plunge”. According to court filings from the cryptocurrency broker, Voyager Digital has filed for Chapter 11 bankruptcy in New York. According to the bankruptcy filing, Voyager’s estimated assets […]

Watch out for Pennywise malware that steals money from YouTube wallets

Watch out for Pennywise malware that steals money from YouTube wallets

A type of malware (malware) aimed at crypto investors is spreading on the YouTube social platform. Users will be tricked into downloading software designed to steal information from more than 30 crypto wallets. On June 30, cybersecurity company Cyble said it was tracking a malware called PennyWise, named after the horror character in Stephen King’s […]

Liquidation Fear Has Hold Back Crypto Markets

Liquidation Fear Has Hold Back Crypto Markets

Cumberland, a cryptocurrency trading firm, said that the speed of crypto recovery will depend on the transfer of assets from companies that are struggling financially. Specifically, the assets of these institutions will be forced to liquidate to pay off outstanding debts. This will have a huge impact on the entire cryptocurrency market. ‚ÄúThere is no […]

Nexo launches plan to “acquire” lending platform Vauld

Nexo launches plan to "acquire" lending platform Vauld

Cryptocurrency lender Nexo has begun a process to potentially acquire rival Vauld after the company abruptly announced it was halting user withdrawals on July 4. Lending platform Nexo has started a comprehensive review process in its acquisition of rival company Vauld after the platform unexpectedly blocked users from withdrawing funds earlier in the week. In […]

Hacker demands ransom for information of 1 billion users

Hacker demands ransom for information of 1 billion users

On June 30, a hacker offered to sell the information of 1 billion Chinese people for 10 Bitcoin (BTC). Specifically, information was stolen in a cyberattack against the Shanghai Police Department (SHGA) database in 2022. This information, including names, addresses, citizen identification, Phone numbers and other important information are being sold on the dark web. […]

Voyager Digital shares drop more than 40% as platform restricts services

Voyager Digital shares drop more than 40% as platform restricts services

Voyager Digital shares fell more than 34% on Monday (July 4) after the company announced a freeze on withdrawals, deposits and trading last week. On July 4, shares of Voyager Digital fell 34% following the announcement last week that the crypto lender was restricting services to users. According to data from Tradingview, as of the […]