Best crypto memes of the day – May 16th

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• Curve hacker returns assets, beginning with $10M in ETH and alETH

  TL;DR Breakdown The individual behind the $61 million asset drain on Curve Finance has begun to return some of the stolen cryptocurrency. Curve Finance, Metronome, and Alchemix offer a 10% bounty as a reward if the attackers return the remaining 90%. Description The individual behind the $61 million asset drain on Curve Finance, a decentralized exchange, has taken steps to return some of the stolen cryptocurrency. On Friday, the perpetrator utilized an Ethereum blockchain transaction to reach out to Alchemix, one of the victims and requested verification of the protocol’s address to facilitate the return of the … Read more The individual behind the $61 million asset drain on Curve Finance, a decentralized exchange, has taken steps to return some of the stolen cryptocurrency. On Friday, the perpetrator utilized an Ethereum blockchain transaction to reach out to Alchemix, one of the victims and requested verification of the protocol’s address to facilitate the return of the assets.  Subsequently, they transferred approximately $10 million worth of ether (ETH) and alETH to Alchemix’s multi-signature wallet through multiple transactions, as indicated by the data…

  Article 2023年8月5日

• Hong Kong government pushes banks to embrace crypto

  TL;DR Breakdown Hong Kong’s banking regulator, the Hong Kong Monetary Authority (HKMA), is encouraging major banks to engage with crypto exchanges. The move is part of an effort to reinforce the region’s position as a global center for the crypto industry. Banks have been hesitant due to fears of legal repercussions if exchanges are implicated in illegal activities. The financial nerve center of Hong Kong is nudging its banking sector to adopt a more crypto-friendly approach. Regulatory authorities have urged financial heavyweights like HSBC, Standard Chartered, and the Bank of China to foster relationships with crypto exchanges. This move signals an effort to fortify Hong Kong’s position as a global nexus for the burgeoning crypto industry. Bridging the gap between traditional banks and crypto exchanges A significant obstacle to cryptocurrency’s widespread acceptance has been the hesitancy of traditional banking institutions to mingle with crypto exchanges. This apprehension stems largely from fears of potential legal repercussions if these platforms are implicated in illicit activities such as money laundering. However, Hong Kong’s banking regulator, the Hong Kong Monetary Authority (HKMA), is taking…

  Article 2023年6月18日

• Bank of England’s fight against inflation will land UK into recession, economists say

  TL;DR Breakdown The Bank of England (BOE) will throw the UK into a recession by the end of the year If the Bank of England further increases the rates above 5%, economists predict the risk of financial stability shock will grow exponentially. Description The Bank of England (BOE), by the end of the year, will throw the U.K. into a recession as it continues to battle the worst inflation faced by any Group of Seven economies, according to a warning from Bloomberg Economics. Notably, despite the BOE’s efforts, making 13 straight interest-rate increases since the end of 2021, … Read more The Bank of England (BOE), by the end of the year, will throw the U.K. into a recession as it continues to battle the worst inflation faced by any Group of Seven economies, according to a warning from Bloomberg Economics. Notably, despite the BOE’s efforts, making 13 straight interest-rate increases since the end of 2021, the inflation rate has remained high, close to double digits, spreading fear among consumers.  Bank of England could trigger a recession According to economists…

  Article 2023年6月29日

• Coinbase CEO’s deleted tweets recovered amid regulatory scrutiny

  TL;DR Breakdown Coinbase CEO’s deleted tweets have been recovered by pro-Bitcoin tweeter Pledditor Observers speculate that Armstrong’s deleted tweets were to reduce potential abuse or misinterpretation in light of current regulatory scrutiny Crypto CEOs have a history of deleting past controversial tweets Description Brian Armstrong, Coinbase CEO, recently deleted most of his older tweets. In a turn of events, the WayBackMachine, a comprehensive digital archive on the World Wide Web, has deleted the tweets from its records, sparking a flurry of speculation. Some observers have linked this to the ongoing Coinbase regulatory scrutiny, raising questions about the CEO’s … Read more Brian Armstrong, Coinbase CEO, recently deleted most of his older tweets. In a turn of events, the WayBackMachine, a comprehensive digital archive on the World Wide Web, has deleted the tweets from its records, sparking a flurry of speculation. Some observers have linked this to the ongoing Coinbase regulatory scrutiny, raising questions about the CEO’s intentions. The Securities and Exchange Commission (SEC) recently voiced concerns that the exchange might not entirely comply with the regulations and laws. In its…

  Article 2023年7月12日

• Binance Implements Cost-Cutting Measures Amid Profit Dip

  TL;DR Breakdown Binance, the leading crypto exchange, has cut employee benefits as part of cost-cutting measures due to declining profits. The exchange is facing legal challenges, including a lawsuit filed by the SEC, highlighting the complexities of the regulatory landscape. Description Binance, the world’s leading cryptocurrency exchange, has reportedly made significant adjustments to its employee benefits in an effort to streamline costs amidst a decline in profits. The move comes at a challenging time for the exchange as it continues to grapple with legal issues in multiple jurisdictions, including a recent lawsuit filed by the U.S. … Read more Binance, the world’s leading cryptocurrency exchange, has reportedly made significant adjustments to its employee benefits in an effort to streamline costs amidst a decline in profits. The move comes at a challenging time for the exchange as it continues to grapple with legal issues in multiple jurisdictions, including a recent lawsuit filed by the U.S. Securities and Exchange Commission (SEC) over alleged securities law violations. These developments have raised concerns about the company’s financial stability and its ability to navigate the…

  Article 2023年7月18日