Crema Finance Hacker Negotiates With Defi Project’s Team, Returns $8 Million in ETH and SOL

Post Views: 81 Following the hack on July 2, 2022, the team behind the decentralized finance (defi) protocol Crema Finance detailed that after some negotiation, the hacker returned roughly $8 million in crypto assets. According to the team, the hacker agreed to take a white hat bounty worth 45,455 solana. We’re verifying its authenticity and…

Roskomnadzor Media Watchdog Unblocks Leading Russian Crypto News Outlet

Post Views: 79 Russia’s mass media regulator, Roskomnadzor, has restored access to a major Russian crypto news portal. Bits.media was recently blocked as a result of proceedings in a regional court that its representatives were not even summoned to attend. Bits.media, the source for crypto-related news with the second-largest audience in the Russian-speaking space, has…

Report: Nigerian Central Bank Incentive Scheme Failed to Halt Naira Depreciation

Post Views: 62 The Central Bank of Nigeria (CBN)’s attempt to incentivize the country’s forex market through the so-called “Naira for Dollar” scheme has failed. This is evidenced by the local currency’s plunge of more than 25% since the launch of the incentive scheme in March 2021. The CBN’s scheme that encourages recipients of cross-border…

Bank of England: Crypto Needs Enhanced Regulatory and Law Enforcement Frameworks

Post Views: 96 The Bank of England says “extreme volatility” in the crypto market “underscores the need for enhanced regulatory and law enforcement frameworks.” The British central bank has warned that crypto prices could fall further. The Financial Policy Committee of the British central bank, the Bank of England (BOE), said Tuesday that the “extreme…

Bank of America’s Active Crypto Users Drop More Than 50% in Bear Market

Post Views: 72 Bank of America has revealed that the number of its customers who are active crypto users has declined more than 50% from its peak in November last year. In addition, the bank said its data “shows that outflows to crypto platforms have fallen sharply,” indicating that “consumers are pulling back on their…

Elon Musk’s Boring Company to Accept Dogecoin Payments for Rides on Las Vegas Transit System Loop

Post Views: 100 Elon Musk’s Boring Company will accept the meme cryptocurrency dogecoin as payment for rides on its Las Vegas transit system Loop. Musk confirmed that he is “supporting Doge whenever possible.” Tesla already accepts the meme crypto for some merchandise and Spacex will soon follow suit. The Boring Company, founded by Tesla CEO…

Demand for Hardware Crypto Wallets Increases Amid Currency Restrictions in Russia

Post Views: 138 Hardware wallets designed to securely store cryptocurrency have seen a several-fold increase this spring in Russia, on the backdrop of currency restrictions introduced amid foreign sanctions. Ledger and Tangem have been the most popular products on the market, a media report revealed. Russian crypto users have sought to purchase up to eight…