Day: August 2, 2022

Crypto lender Vauld granted three-month protection from creditors

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Embattled crypto lending platform Vauld has been granted a short period of reprieve from creditors after being given a three-month moratorium by the Singapore High Court on Monday.  Its initial request by Vauld’s parent company Defi Payment Limited for a six-month moratorium was reportedly denied by Justice Aedit Abdullah on August 1, citing concerns that a lengthier moratorium “won’t get adequate supervision and monitoring,” according to a Bloomberg report. Under the moratorium, Defi Payments would be protected from wind-up resolutions, the appointment of a receiver or manager, and any legal…

DOT Clamping On $8 Support Crucial To Maintain Bullish Pace

Can Polkadot (DOT) hold on to dear life as its price nosedived by 4% on the daily charts right after it peaked at $8.84? The $8 support line is seen as a critical zone for the coin, especially with the prevailing seller pressure going on. DOT is seen to go downhill or can plunge to $6 in the coming days. On the brighter side, the token’s price is generally bullish as shown in the extended increase which propelled its price to a high of $8.84 seen yesterday. On the other…

Nomad Bridge Suffers ~$200M Exploit

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Bridge exploits continue to prove to be a top concern across DeFi and crypto at large, as bridges time and time again have proven to be a major point of vulnerability. Enter once again another prime example with the latest 9-figure exploit, this time on the multi-chain Nomad Bridge. In the early hours following the exploit, we’re looking at an exploit in the range of $160-190M – let’s take a look at this and more from what we know thus far. Nomad’s Collapse According to Defi Llama, the bridge closed…

Top 3 Crypto to buy in July 2022 (INSANE Potential)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ► In today’s video, I go over the Top 3 Cryptos to buy this month in July 2022! While everyone is panicking and selling, you on the other hand, should be researching and buying because what you do today might just be the reason why you become a millionaire… Lucky for you, I’ve done that research for you today and all you gotta do is watch the video! 🙂 ► Lux Algo: Tells you exactly when to buy/sell! (Promo code “FA10” for…

‘Bitcoin Valley’ Launches in Honduras — 60 Businesses Accept BTC to Boost Crypto-Tourism – Featured Bitcoin News

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Bitcoin Valley, the first bitcoin city in Honduras, has launched in Santa Lucia. Businesses in the area will accept bitcoin for payments. “In Santa Lucia, we are all going to participate in this project … Accepting bitcoin will open us to another market and win more customers,” said a local business owner. Bitcoin Valley: First Bitcoin City in Honduras Bitcoin Valley, the first bitcoin city in Honduras, has launched in the small Honduran tourist town of Santa Lucia, located 20 minutes from the capital city of Tegucigalpa. The initiative was…

SEC charges 11 individuals over $300M crypto ‘pyramid scheme’

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The Securities and Exchange Commission (SEC) has charged 11 individuals for their alleged role in the creation of a “fraudulent crypto pyramid scheme” platform Forsage.  The charges were laid in a United States District Court in Illinois on August 1, with the SEC alleging that the founders and promoters of the platform used the “fraudulent crypto pyramid and Ponzi scheme” to raise more than $300 million from “millions of retail investors worldwide.” The SEC complaint states that Forsage was modeled such that investors would be financially rewarded by recruiting new…

FREE Bitcoin Mining Sites Without Investments In 2022 – Mine 1 BTC In Less Than 30 Minutes

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Welcome to Smart Money Plus, I will be dropping videos on the daily and showing you step-by-step tutorials on how you can also have an online business, side hustle, smart investment opportunity, and or ways to generate online passive income, all within the comfort of your own home, a laptop, and the power of the internet. How to mine one bitcoin in just minutes! In this video, we show the top bitcoin mining sites for 2022, and no investment is required to…

Nomad Hacked, $45M Stolen So Far: Report

Cross-chain messaging protocol Nomad is being actively hacked and at least $45 million has been stolen, The Defiant reported Monday night, sighting several Twitter posts. Nomad posted on its Twitter account that it is aware of the situation and is investigating. Source

Nomad token bridge drained of $190M in funds in security exploit

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The Nomad token bridge appears to have experienced a security exploit that has allowed hackers to systematically drain the bridge’s funds over a long series of transactions. Nearly the entire $190.7 million in crypto has been removed from the bridge, with only $651.54 left remaining in the wallet, according to decentralized finance (DeFi) tracking platform DeFi Llama. Nomad bridge is getting drained, your funds might be at risk and might be able to still withdraw the remaining funds ⚠️ https://t.co/RgYmjSV9eB — stani.lens (,) (@StaniKulechov) August 1, 2022 The first suspicious transaction, which…

THE CRYPTO MARKET IS ON FIRE – FIND OUT WHY! (MAJOR CRYPTO NEWS TODAY)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io THE CRYPTO MARKET IS ON FIRE – FIND OUT WHY! (MAJOR CRYPTO NEWS TODAY) RICH RABBIT CLUB TWITTER ACCOUNT: Check out my private community over at Patreon – where we help each other to be more successful in the crypto market and possibly grow your portfolio to new levels. I share buy, sell, crypto holdings, and trade alerts, as well! And, we have our private Discord support group that you will be a part of, too. Come check it out! 💰💰 JOIN…