DeFi protocol Yearn Finance has reported that its V1 yDAI vault was exploited by a hacker to the tune of $11 million on Feb. 5. However, the hacker failed to reap the lion’s share of the heist, with Curve liquidity providers making more from the attack than its mastermind. While the vault lost $11 million in total, Yearn developer “Banteg” tweeted that the hacker had only been able to profit to the tune of $2.8 million. The team has suspended all deposits to its V1 DAI, USDC, USDT, and TUSD…
Day: February 5, 2021
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75 Eth2 validators slashed for introducing potential chain split bug
Staking infrastructure provider Staked said it had learned “an expensive lesson” after 75 of its Eth2 validators were slashed on Feb. 4 from the staking pool as punishment for producing competing blocks. In a statement, Staked took the blame for the “technical issue” and said its customers would be “fully compensated”. The company will pay the penalty of 18 ETH, which is around $29,000 at current prices. An unanticipated reaction to configuration changes caused several nodes managed by Staked to restart in error, leading them to incorrectly sign a second…
Spanish Treasury Releases Guidelines to Minimize the Risk of Tax Evasion With Cryptocurrencies – Regulation Bitcoin News
The State Agency for Tax Administration of Spain published guidelines to reduce tax evasion for cryptocurrencies, such as bitcoin. The document is part of the general program of the so-called Annual Tax and Customs Control Plan. Spanish Tax Authorities Could Ask Local Exchanges for Customers Data According to the paper, the Spanish Treasury’s entity seeks to apply three measures, as the crypto markets’ hype generates “tax risks.” That’s why the agency expects to gather information as countermeasures against tax-related crimes. The watchdog is looking with the first measure to ask…
Bitcoin Price Closing Above This “Hurdle” Sends Bulls “Off To The Races”
Bitcoin price has been consolidating for many weeks now, but has still yet to choose continuation or further correction. Over the last few days, bulls have begun to regain momentum, but have yet to clear one important hurdle before it is “off to the races,” says one crypto capital manager. Here’s the line they’re referring to and what the rest of the race might look like once this hurdle is overcome and bulls take back full control. $40,600: The “Hurdle” Bitcoin Must Jump For The Uptrend To Resume Bitcoin spent…
MEW now provides access to 2000 DeFi and NFT DApps on mobile
Ethereum wallet and interface MyEtherWallet, or MEW, has brought decentralized applications to its 1.3 million monthly users through a new “DApps Browser” feature in the MEW mobile app. The collaboration with DApp analytics site DappRadar opens the door for MEW users to access more than 2,000 Ethereum based decentralized applications including DeFi and NFT based protocols directly from their smartphone. Through the DApps Browser, users can browse, search for and interact with DeDApps like UniSwap, SushiSwap and Balancer to access financial services such as loans, asset swaps, and staking. They…
How to buy Ethereum cryptocurrency Safely-Walk through Using Coinbase & TokenPocket
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