DeFi project Beanstalk Farms has lost $182 million after a hacker attack
    19 Apr 2022
    292 Views

    Credit-based stablecoin DeFi protocol Beanstalk Farms built on Ethereum has lost $182 million as a result of a flash loan attack on Sunday. As Bloomberg reported, the hacker got away with $80 million in crypto tokens. The hacker got away with $80 million that was funneled through Tornado Cash, a cryptocurrency mixer protocol allowing private…

    Crypto market plunges amid macroeconomy fears

    Poor macroeconomic sentiment and increasing fears of a recession in the West laid the backdrop for cryptocurrencies to lose 4% of their market capitalization on Monday, with several major tokens taking hits of up to 8%. Bitcoin traded below pivotal support of $40,000 during European trading hours, reaching its nearly lowest price in a month….

    UAE to see rapid growth in crypto activities
    19 Apr 2022
    217 Views

    The UAE will see rapid growth in crypto activities, Sandhya D’Mello predicts in Khaleej Times. Meanwhile, the Abu Dhabi Global Market (ADGM) has already 11 fully licensed and approved in-principle virtual asset players in its community. The UAE known to be at forefront of innovation and emerging technologies will witness more global players descend on…