Telcoin DeFi platform faces a $1.3M crypto asset loss due to an exploit, prompting a halt in app operations. The incident triggers a 42% decline in TEL token value, causing concerns in the broader cryptocurrency market. Telcoin's response and security measures will impact user trust and market sentiment.
Cheng YuanTelcoin app compromised, $1.3 million in crypto stolen; TEL value plunges.
BrianSalvadoran President Nayib Bukele stated that as Bitcoin recently surged to US$42,000, the Bitcoin holdings of El Salvador finally turned profits, surpassing US$3.6 million after enduring prolonged losses.
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JinseFinanceReddit administrators are taking a step towards decentralisation by "renouncing the Moons contract" and concurrently initiating a token burn to reduce the overall supply.
CatherineAsian nations seem most inclined to hop on the CBDC bandwagon, while many African countries are still standing aside.
cryptopotatoThe operation is being touted as one of the largest seizure of cryptocurrency assets by the BKA till date.
cryptopotatoBieber is part a list of high-profile celebrities including Logan Paul, whose NFTs have declined sharply in value since they were bought.
BeincryptoJonas Gross spoke with Cointelegraph about the digital euro’s risks for private banks and the goals of the ECB.
CointelegraphRussians reportedly hold about $130 billion in cryptocurrency but the government is yet to adopt crypto legislation.
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