The crypto bull market is back, and with it advertisements for ultra-high yield opportunities to lure bitcoin from investors’ wallets. Unsurprisingly, centralized offerings and nascent DeFi projects are bull market-sizing their annual percentage yields (APYs). ZeroLend, for example, an experimental, decentralized finance (DeFi) platform,...

How Terra collapse nearly killed algorithmic stablecoins The Terra-Luna Ponzi scheme grew to an incredible size, with the TerraUSD algorithmic stablecoin reaching a mind-boggling $40 billion and the Luna governance token growing to a market capitalization of $40 billion. This growth was subsidized by Terraform Labs...

Supreme Court won’t stop sale of 69,370 Silk Road bitcoins The nine-month US Supreme Court term began this month, and it’s already impacting the crypto industry. Today, in an announcement of the lawsuits that the justices have agreed to hear during this term, the highest US court declined to hear an appeal regarding 69,370...

AT&T security flaws exposed by Chinese hacks and crypto thefts Telecoms giant AT&T has suffered a serious network breach by China-linked hackers, revealed by the Wall Street Journal (WSJ) just days after a $24 million case of cryptocurrency theft was reopened against the firm. On Saturday, WSJ reported that...

Telegram a haven for crypto launderers and fraudsters, reports UN Telegram has become a haven for criminal networks in Southeast Asia, helping them to launder stolen funds using crypto, trade hacked data, and acquire tools for fraud, according to a United Nations (UN) report. As reported by Reuters, the UN says the...

Bitcoin makes IMF hesitant to issue new loans to El Salvador IMF Communications Director Julie Kozack reiterated today that “addressing risks arising from Bitcoin is a key element of these discussions” in reference to negotiations between El Salvador and the IMF regarding a loan program. El Salvador is still heavily...