Wednesday, May 31, 2023

Ethereum News

Other

Lazarus Group’s Sneaky Tactics: Attempts to Steal from Euler Finance Hackers

John Kamal - 0
On March 15th, 2023, Euler Finance, a decentralised finance (DeFi) protocol built on the Ethereum network, suffered a flash loan attack resulting in the loss of $199 million worth of digital assets. However, on March 21st, 2023, new developments emerged as North Korea's Lazarus Group, the same group responsible for the $540 million Ronin Bridge attack last year, attempted to steal from the Euler Finance hacker responsible for the recent attack.
Other

Unofficial Trading of Arbitrum Coin Surfaces on OTC Market Before Airdrop Event

John Kamal - 0
The Arbitrum token has surfaced on the over-the-counter (OTC) market ahead of its scheduled airdrop. Opportunistic traders are already taking advantage of the token's premature arrival by conducting transactions on OTC platforms.

Microsoft Crypto Wallet Integration in Edge Web Browser Being Tested

Ethereum’s Shanghai Hard Fork Date Confirmed for Staked ETH Withdrawals

Coinbase ETH Unstaking: What You Need to Know

Proof-of-Stake Tokens May Be Considered Securities, Says SEC Chairman Gensler

NFT's

Eth 2.0

On September 6th, Ethereum will begin its long-awaited transition to proof-of-stake

Ethereum John Kamal - 0
The Ethereum Foundation has announced that the Merge will begin on September 6th. First, the Bellatrix upgrade will be activated on September 6th, which will kick-start the rest of the Merge process, which is expected to be completed by September 20th. A major liquidation could be on the horizon for the NFT market. Thousands of holders of NFTs are taking out ETH loans using BendDAO's web3 lending protocol. A BAYC whale (Bored Ape Yacht Club) borrowed over 10,000 ETH from the platform, escalating liquidation fears.
Read more

3AC’s Uncertainty Leads Finblox to Impose Withdrawal Limit While BlockFi Liquidates ‘Large Client’

Other John Kamal - 0
Amid the Three Arrows Capital's (3AC's) crisis, Finblox announced Thursday it would impose a $1,500 monthly withdrawal limit and pause reward distribution. It comes after a report on Wednesday that 3AC could be insolvent following liquidations worth $400 million.
Read more

Is the Staked Ether (stETH) depegging a cause for concern?

Eth 2.0 John Kamal - 0
With holders selling their now depegged stETH and the date of the ETH 2.0 Merge mired in uncertainty, there is now heavy selling pressure on stETH.
Read more

About us

YFarmX is a web3 media brand that delivers breaking news and premium insights about digital assets. As part of our editorial content, we provide investors and learners with the critical analysis and information they need to make smarter decisions and to better understand emerging web 3.0 technologies.

Categories

Latest News

Beyond Borders: Binance’s Strategic Pivot Towards UK Amid US Crypto Clampdown

Regulation 0
As it grapples with the ever-tightening leash of American crypto enforcement, Binance sets its sights on UK regulation, a significant pivot in its strategic blueprint. In a candid admission of the trying circumstances in the US market, Binance's top strategy executive concedes to the mounting difficulties that the crypto giant is facing.

Decoding the Future of Crypto: Insights from the FT Live Crypto and Digital Assets Conference 2023

Regulation 0
The recent FT Live Conference on crypto and digital assets was a treasure trove of insights, offering a kaleidoscope of perspectives from industry leaders who are shaping the future of the digital economy. Their collective wisdom, delivered through engaging discussions and thought-provoking debates, painted a comprehensive picture of the evolving crypto landscape. As an invited press participant, YFarmX is delighted to share a recap of the event, and shed light on the opportunities and challenges that lie ahead.

Do Kwon Arrested in Montenegro Amidst Ongoing Investigations; Terra’s LUNA Tokens Suffer Decline

Luna 0
Do Kwon, the former CEO of Terraform Labs and co-founder of the Terra blockchain ecosystem, has been arrested in Montenegro, according to a series of tweets by the country's Minister of Interior, Filip Adzic. Do Kwon's arrest has sent shockwaves through the crypto community, leading to a significant drop in the value of Terra's native LUNA tokens.

© 2022 YFarmX. All Rights Reserved.