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Saga pauses chainlet after $7M exploit that depegged its stablecoin

Saga has paused its chainlet following a $7 million exploit that caused its stablecoin to lose its peg. The incident involved a vulnerability that allowed attackers to manipulate the stablecoin's value, prompting immediate action from the team. In response, Saga is conducting a thorough investigation and implementing security measures to prevent future occurrences. The pause aims to stabilize the ecosystem and protect users' assets.

Read the full article: Coin Telegraph

Bitcoin Hit a Major Milestone—Most Miners Won't Be Around for the Next One

Bitcoin has reached a significant milestone, surpassing 1 million blocks mined, a feat that highlights the network's growth and resilience. However, many current miners may not survive to see the next milestone due to increasing operational costs and competition. The rising difficulty of mining and fluctuating Bitcoin prices

Ethereum Foundation sells 5,000 ether to Tom Lee's BitMine in $10.2 million deal

The Ethereum Foundation has sold 5,000 ether to Tom Lee's BitMine in a deal valued at $10.2 million. This transaction marks a significant move for the foundation as it continues to manage its assets amid fluctuating market conditions. The sale is part of a broader strategy

Judge Rejects RICO Claims in Lawsuit Over Pastor-Led Crypto Ponzi Scheme

A judge has dismissed RICO claims in a lawsuit related to a Ponzi scheme led by a pastor involving cryptocurrency investments. The lawsuit accused the pastor and others of defrauding investors by promising high returns on crypto investments that were never realized. The court found insufficient evidence to support the

Crypto’s multi-million F1 sponsorship under fire as Middle East war hits region's biggest events

A major cryptocurrency sponsorship deal in Formula 1 is facing scrutiny due to the ongoing conflict in the Middle East, which has impacted significant regional events. The sponsorship, worth millions, has raised concerns among fans and stakeholders about the appropriateness of promoting crypto in light of the humanitarian crisis. Critics

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Bitcoin Hit a Major Milestone—Most Miners Won't Be Around for the Next One

Ethereum Foundation sells 5,000 ether to Tom Lee's BitMine in $10.2 million deal

Judge Rejects RICO Claims in Lawsuit Over Pastor-Led Crypto Ponzi Scheme

Crypto’s multi-million F1 sponsorship under fire as Middle East war hits region's biggest events