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Topic

Economy

A collection of 596 issues

Euler hacker recovered all stolen funds

The Euler Finance loan protocol was subjected to a $197 million flash loan attack in early March. However, the exploiter returned all the stolen cryptocurrencies, the project said: "After successful negotiations, all funds seized from Euler's protocol on 13 March have been successfully recovered by the hacker." Euler also added

Virgin Orbit files for bankruptcy

The company had long been trying to raise finance after a failed commercial flight. However, it has been in vain.

FTX EU will try to return funds to European clients

The company has launched a website to accept withdrawal requests. The new domain will not offer any products or services other than for payouts to affected customers.

The BNB Chain community has proposed to reduce the gas fee.

User ArnoB has posted on the BNB Chain forum a proposal to change the gas fee. Its essence is to make the network more competitive, allowing BNB Chain to keep pace with L2 blockchains. The proposal involves reducing fees to $0.005 per transaction.

Voyager and Binance US $1.3bn deal suspended

District Judge Jennifer Rearden has suspended the sale of Voyager Digital's assets to Binance US. The decision will remain in effect at least until the court's detailed review of the Justice Department's appeal. A date for that process has not yet been set.

Markets prematurely hope for Fed rate cut

The world's largest asset manager BlackRock said that investors are misreading the banking sector's signal to cut rates. The Fed has shown its resolve to fight inflation and will not back down halfway. The state of the markets confirms BlackRock's earlier view that the Fed may be "underestimating how stubborn

Texas introduces bill to protect Bitcoin industry

The Texas Legislature has introduced a bill designed to protect the rights of miners, bitcoin owners and developers. Citizens in the state would be able to store BTC in non-custodial wallets without state oversight, and miners would be free to engage in their activities without any restrictions imposed by earlier

White House issues negative report on crypto-assets

The Biden administration has submitted an annual economic report to Congress. The document states that digital money "does not perform the function of money as effectively as the US dollar". The authors do not share the idea that the blockchain industry offers any innovation. And Web3 "is not the next

Belgium Introduces Rules for Crypto-Advertising

The Belgian financial regulator FSMA has baffled blockchain companies with new advertising requirements. The regulator stated that "the only guarantee in cryptocurrency is risk. Therefore, companies must be sure to warn potential customers about it.

Paris Blockchain Week 2023: Europe's main crypto event of the year.

Paris Blockchain Week, the leading international conference for blockchain and Web3 professionals, kicked off this week. The venue is Le Carrousel Du LOUVRE in Paris (inside the legendary Louvre)