Yana Popenkova

Decentralized finance BNB chain protocol Ankr, suffering from a massive exploit earlier this Friday, decided to compensate the liquidity providers by acquiring $5M worth of BNB. The attack was discovered by PeckShield, an on-chain security analyst, citing it happened due to a bug in Ankr protocol that allowed the hacker to endlessly mint aBNBc tokens. […]

The new Pudgy Penguins NFT collection, “Snowed In: A Rare Pudgy Penguins Sale”, was sold out at a famous Sotheby’s art auction for nearly $129K. Ten penguins of the collection, including rare perks such as golden skin and additional egg, cost a new owner an average of $12.9K, way higher than the floor price on […]

Days before the struggle with unlocking its Earn product, crypto exchange Genesis received regulatory approval from Italy and Greece. Gemini was registered as a virtual currency operator with the help of Organismo Agenti E Mediatori (OAM), Italy’s payment service regulator, on Nov 3. And as a custodial wallet provider and provider of exchange services between […]

Citing a Bloomberg anonymous source, several Genesis clients hired restructuring advisers to avoid the company’s filing for Chapter 11 bankruptcy. One group of creditors is currently working with Proskauer Rose law firm, and another is getting advice from Kirkland & Ellis. The information was shared with Bloomberg by an unidentified source close to the matter. […]

US Department of Treasury Office of Foreign Asset Control has settled the deal with the crypto exchange Kraken for Iran sanctions violation. The U.S.-based exchange Kraken is obliged to pay the Treasury $362,158.70 for a failure to provide the services for Iranian citizens: “Although Kraken maintained controls intended to prevent users from initially opening an […]

Now bankrupt crypto lender BlockFi filed a suit over Robinhood stocks bought by former FTX CEO Sam Bankman-Fried, citing it was pledged as collateral earlier in November. The suit was filed on the same day in the same court in New Jersey on Nov. 28, when crypto lender BlockFi filed for Chapter 11 bankruptcy. Allegedly, […]

Last week, the Ethereum-based decentralized lending protocol Aave was left with $1.6M of bad debt due to a massive CRV sale. Aave, the leading DeFi protocol with over $5B of total value locked, has accepted a proposal by Llama and Chaos Labs, which asked to pause volatile assets due to low liquidity, following the Nov. […]

Although bitcoin price correlates directly with the BTC mining industry, miners’ revenues have reached an all-time low since November 2020. According to data from Blockchain.com, total bitcoin mining revenue fell to $14.35M, last seen on Nov. 6, 2020, when bitcoin was trading at around $13,5K. Although bitcoin is currently trading around $16,5K, which suggests an […]

ConsenSys, the Ethereum protocol behind MetaMask wallet and an application for developers Infura, decided to update its privacy policy. ConsenSys now collects IPs, usernames, KYC details, and bank account information. Running the ConsenSys application, MetaMask, users agree to share their full name, date of birth, and gender. Consensys also demands home address details and telephone […]

Changpeng Zhao, Binance’s founder and CEO, shared in a Bloomberg interview firm’s plans for the crypto industry recovery, a bid for Voyager, and he also unruled the possibility of acquiring FTX assets. СZ shared his views with a Bloomberg reporter on whether contagion in the market will keep pace following the collapse of a big […]