The Daily Hodl
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DeFi Platform Hacked for at Least $1,900,000 and Possibly More on Ethereum and Arbitrum Blockchains
- April 20, 2024
- Posted by: MasterAdmin
- Category: The Daily Hodl
No CommentsA decentralized finance (DeFI) protocol has been hacked to the tune of millions of dollars over the Ethereum (ETH) and Arbitrum (ARB) blockchains.
In a new announcement, cybersecurity firm Cyvers says that DeFi platform Hedgey Finance has been breached by bad actors who took at least $1.9 million worth of funds that were converted to the stablecoin Dai (DAI).…
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Top Crypto Exchange Binance Converts $1,000,000,000 Secure Asset Fund From Bitcoin and BNB to Stablecoin USDC
- April 20, 2024
- Posted by: MasterAdmin
- Category: The Daily Hodl
Binance has converted all of the crypto in its $1 billion emergency insurance fund into the stablecoin USDC.
The top global crypto exchange established the “Secure Asset Fund for Users” (SAFU) in 2018 to protect Binance users from “extreme situations.”
The fund has typically attempted to maintain a balance worth $1 billion, though fluctuating crypto prices have impacted the value of its holdings over the years.…
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Crypto Analyst Dives Into Altcoin Bear Market As the Bitcoin (BTC) Halving Nears
- April 20, 2024
- Posted by: MasterAdmin
- Category: The Daily Hodl
A widely followed crypto analyst says Bitcoin relief is on the way as the imminent BTC halving draws closer.
The BTC halving is a pre-programmed event that occurs every four years, slashing BTC mining rewards in half.
Analysts and experts anticipate the next BTC halving should occur in the coming days or even hours.
One analyst, Michaël van de Poppe, tells his 712,800 followers on the social media platform X that BTC has an opportune shot to fight back from the $61,000 region.…
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$1,300,000 Up for Grabs As Major US City Launches New Guaranteed Income Pilot Program
- April 20, 2024
- Posted by: MasterAdmin
- Category: The Daily Hodl
One of the biggest cities in the US is preparing to hand $1.3 million to families who are struggling to pay their bills.
The cash will be given with no strings attached to lower income families who qualify in Austin, Texas, reports the ABC-affiliated news station KVUE.
The city council approved the program on Thursday, and the sign up process is not yet up and running.…
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Two US Senators Introduce New Bipartisan Stablecoin Legislation
- April 20, 2024
- Posted by: MasterAdmin
- Category: The Daily Hodl
Two US lawmakers unveiled on Wednesday a proposed legislation that will create a regulatory framework for payment stablecoins.
In a statement, senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) say the bipartisan Lummis-Gillibrand Payment Stablecoin Act will protect consumers, enable innovation and promote the dominance of the U.S. dollar while preserving the dual banking system.
“In order to meet the growing demand for our ever-evolving financial industry, we need to craft legislation that strikes the careful balance of establishing a clear and workable framework for stablecoins while protecting consumers.” …