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According to circulating reports, on Thursday, September 8 DeFi project New Free DAO fell victim to a series of flash loan attacks. The exploits may have seen the company suffer losses scaling $1.25 million causing the value of its native token to tank. Notably, the price of the NFD token has fallen by about 99% following the attack.  PeckShield Sounds the Alarm News of the attack initially emerged via a report from blockchain security firm PeckShield Alert. The company sounded…

Crypto brokerage firm Voyager Digital is set to auction off the rest of its assets on Tuesday, September 13. News of the move emerged after the platform filed a notice with the U.S. Bankruptcy Court of the Southern District of New York.  Auction to Take Place On September 13 According to the filing, the auction will hold in Manhattan at the offices of Voyager’s investment bank Moelis and Company. Afterward, on September 29, the court will conduct a hearing to…

Samson Mow – a popular Bitcoin advocate and developer – recently commented on Binance’s decision to remove USDC trading from its platform.  He called it “the beginning of the end for USDC,” predicting that it will drastically reduce the coin’s usage and market cap.  How Binance Can Steal Circle’s Reserves In a Twitter thread on Wednesday, Mow dismissed attempts from certain industry leaders to place a “positive spin” latest move.  “You can say it’s good UX for USDC users, but…

Long-running tension between the Ethereum Classic Community and Cardano founder Charles Hoskinson appears to have gathered steam once more. Hoskinson slammed the platform in a tweet as he responded to allegations from a vocal Ethereum Classic advocate with the username “SETHMCCORMACK9.” Hoskinson Fires Back at Accusations of Plans to “Milk ETC” The accusatory post claimed Hoskinson was looking to take advantage of ETC by imposing a 20% miner tax.  No drama, just saying that SHA-3 and also a treasury was…

The third largest Bitcoin address just bought another 478 Bitcoin for roughly $9 million. This brings the anonymous whale’s Bitcoin holdings above 136,000 coins, worth over $2.5 billion.  Per data from Bitinfocharts, the address holder added 478 Bitcoin to his wallet at 16:05 EST on Tuesday. Each coin was bought at an average price of $18,900, making the total purchase $9,000,187. His new balance is 136,382 Bitcoin – worth more than MicroStrategy’s last report numbers of 129,600 Bitcoin.  It’s the…

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $975 billion. Bitcoin has dropped by over 1% this week. Ethereum gained almost 5% over the past seven days. XRP is down by nearly 2% this past week. Almost all altcoins are trading in the green, with few exceptions. The DeFi sector decreased the total value protocols (TVL) to around $26 billion. Crypto Trends…

Prolific sports investor and crypto firm Crypto.com has reneged on a $500 billion sponsorship contract with the UEFA Champions league. Crypto.com had previously stepped up as an investor when the Union of European Football Association (UEFA) dropped its principal sponsor, Gazprom. At the time, UEFA had cited Gazprom's affiliation with Russia as its reason for the drop. Consequently, Crypto.com stepped up to bag in a deal that would last 5 seasons. The supposed contract would cost approximately $100 million annually…

The Binance security team is working with law enforcement to track the culprits.   Major crypto exchange Binance has identified two suspect addresses in the frontend exploit the KyberSwap Network suffered on Thursday. Around 3 pm on the first of this month, the Kyber team noticed some unusual activity in its front end. Further investigation revealed it to be a malicious code in the decentralized exchange’s Google Tag Manager (GTM). Bad actors had used this to hack into the platform,…

Input Output and the Cardano Foundation have both confirmed that Cardano’s Vasil upgrade will take place on September 22nd.  Input Output revealed the upgrade date in a tweet on Friday, after completing “extensive testing” and verifying “community readiness”. We along with the Cardano Foundation can today announce 22nd September for the Vasil upgrade on the Cardano mainnet,” said the company. Cardano founder Charles Hoskinson said last week that Vasil would launch in September, but didn’t reveal a specific date until…