This Report will provide you with some important and quick news of cryptocurrencies that happened around the world.
1) Bitmart Was Hacked For $200 Million As A Result Of An Ethereum And Binance Smart Chain Attack
The hackers stole over twenty tokens, including cryptocurrencies such as BNB, Safemoon, BSC-USD, and BPay. Bitmart, a cryptocurrency exchange, suffered a near-$200 million loss due to a hot wallet hack on the Ethereum (ETH) and Binance Smart Chain (BSC) blockchains…[continue reading]
2) Elon Musk Slams Web3, Declaring It ‘Sounds Like BS’
Elon Musk re-ignited the debate by tweeting on December 2 that “Web3 seems like bs.” Musk was replying to a conversation on Twitter started by OpenAI CEO and former Y Combinator president Sam Altman, in which he discussed venture capital investments…[continue reading]
3) Meta Effectively Lifts The Ban On Cryptocurrency Ads
Meta introduced a new guideline for cryptocurrency advertisements. Meta expands its licence acceptance from three to twenty-seven. This shift occurs when the corporation gears up to work on a Metaverse project…[continue reading]
4) India Confirms Cryptocurrency Regulation Amid Ban Speculations
Despite multiple rumours from different sources that India is considering an outright ban on cryptocurrency, the Indian government has officially reaffirmed that this is not the case…[continue reading]
5) Exploitation Of The MonoX Finance DeFi Protocol For $31 Million
MonoX Financial is the second decentralised finance platform to fall victim to a multimillion-dollar hack this year. While details are few at the present, the developers behind the DeFi protocol tweeted late on Nov 30 that one of their smart contracts had been abused…[continue reading]
6) Celsius Removes CFO Off Site After Arrest In Connection With Hogeg’s Crypto Ponzi Scheme
Celsius Network’s chief finance officer was detained in Tel Aviv last week on suspicion of having links to troubled cryptocurrency entrepreneur Moshe Hogeg. Yaron Shalem, the chief financial officer of Celsius (CEL), was detained by Israeli police in connection with an operation involving crypto billionaire Moshe Hogeg and at least seven of his accomplices…[continue reading]
7) MicroStrategy Announced The Acquisition Of An Additional 7002 Bitcoin For $414.4 Million
MicroStrategy revealed that it had added 7,002 Bitcoin to its One of the world’s leading software businesses recently disclosed a huge rise in its bitcoin holdings. MicroStrategy acquired an extra $7,002 BTC for $414.4 million in cash, according to its most recent Form 8-K filing with the Securities and Exchange Commission. MicroStrategy CEO Michael Saylor said that the bitcoins were acquired at an average price of around $59,187 per BTC….[continue reading]
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