Curve Finance (CRV) has issued a statement on Etherscan, addressing the hackers responsible for the recent exploit that resulted in the loss of over $60 million from the protocol. In the statement, Curve, Metronome & Alchemix have invited the hackers to discuss a potential bounty, offering a 10% reward for any stolen funds, which they can keep if they return the remaining 90%. Curve Finance Gives Hackers Ultimatum The group has emphasized that there will be no risk of them pursuing legal action or involving law enforcement if the hackers…
Day: August 4, 2023
Coinbase to file order seeking dismissal of SEC lawsuit
Coinbase plans to file an order seeking dismissal of the lawsuit by the Securities and Exchange Commission on Aug. 4, with the crypto exchange’s legal chief saying it expects to win the case. On its Aug. 3 second-quarter 2023 earnings call, Coinbase chief legal officer Paul Grewal expressed confidence the exchange would win the court case brought by the regulator. “With respect to the litigation with the SEC, I want to be very clear. We do think we can win. We expect to win.” The SEC sued the exchange on…
Block posts 34% increase in Bitcoin revenue in Q2 but shares stumble
Shares in payment technology firm Block Inc. tumbled after hours despite its second-quarter results beating earnings expectations, including a 34% year-on-year increase in Bitcoin (BTC) revenue. In a Q2 earnings call, Block reported a whopping $2.4 billion in Bitcoin sales on its Cash App platform, with gross profit from Bitcoin sales coming in at $44 million, a 7% increase from the same time last year. Block’s revenue for the quarter increased 25.6% from $4.4 billion to $5.53 billion year over year, meaning nearly half came from Bitcoin sales alone. Our…
Ethereum Price Could Break Above $2,000 If This Happens
Ethereum price is currently still below $2,000 but this could quickly change if some things were to come to pass. Some of the most notable things that have been going on for the cryptocurrency include the multiple exchange-traded funds (ETFs) filings that have been made to the United States Securities and Exchange Commission (SEC). When Will An Ethereum ETF Be Approved? The topic of Ethereum futures ETFs has become hotter especially after Bitcoin futures ETFs received multiple approvals from the SEC since 2021. However, even two years after the first…