Flash Loan Attack on Euler Finance Drains It of $195 Million

Euler Finance fell victim to a flash loan attack that resulted in the loss of more than $195 million in stablecoins and ERC-20 tokens.  On March 13, Euler Finance, a noncustodial lending protocol based on Ethereum, was hit by a flash loan attack. This resulted in the...
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Crypto Market Volatility: Impact of Silvergate’s Liquidation, KuCoin Lawsuit, and Powell’s Comments

Silvergate Capital Corporation has revealed that it will be closing its operations due to “recent industry and regulatory developments”. The company confirmed that the liquidation of Silvergate Bank would involve the complete repayment of all customer deposits.

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RBI Executive Director Reveals India’s Testing of CBDCs Offline Capability

Reserve Bank of India (RBI) has recently launched digital rupee. India’s is testing its central bank digital currency (CBDC).

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Ukraine Sells War Snapshots as NFTs

In an age of blockchain and crypto, the physical war in Ukraine could be funded by NFTs. Ukraine's Minister of Digital Transformation announced an NFT collection to illustrate the chronological events of the conflict between Russia and Ukraine.  The government of...
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A music festival is offering NFTs as lifetime passes

Coachella, the famous US music festival, has launched lifetime festival passes. But the truly surprising news is that these passes will be sold as NFT. Coachella has partnered with FXT.US to create the Coachella NFT marketplace. The NFTs will be put on sale on...
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The Metaverse Will Have NFTs With Utility in 2022

Non-fungible tokens (NFTs) have reached a higher level of popularity and acceptance by both the online and crypto communities. NFTs with utility are here and are no longer considered a bubble, as more projects join the space and give new utility to the created NFTs. ...
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