Crypto industry losses amounted to $67 million in February over 12 incidents, with hacks accounting for 97.54% of funds stolen, according to Immunefi’s latest crypto losses report. Meanwhile, the remaining 2.46% of the funds stolen were lost due to fraud. Despite the significant losses during the month, there was a notable decrease compared to January […]
The post Crypto losses hit $67 million in February, pushing yearly losses to $200 million – Immunefi appeared first on CryptoSlate.

In the recent SlateCast episode, Texas Blockchain Council Chairman President Lee Bratcher discussed the controversial emergency survey recently issued by the Energy Information Administration (EIA) regarding Bitcoin mining energy usage. As Bratcher explained: “[The EIA] created this farce of an emergency and rushed it through without the notice and comment period.” He elaborated that the […]
The post Texas Blockchain Council challenges controversial Bitcoin mining energy survey appeared first on CryptoSlate.

Hungary is advancing a legislative proposal that would enable banks, investment funds, and asset managers to offer services in Bitcoin and other cryptocurrencies, according to a March 1 report by Bloomberg Law. The initiative marks a significant development in Hungary’s financial sector, aligning with a broader European movement towards the adoption of digital assets. Should […]
The post Hungary issues draft law allowing banks to offer crypto services appeared first on CryptoSlate.

Bitcoin (BTC) surged 6% on Feb. 26 to a new two-year high of $54,910 after US markets began trading, an indication of rising interest in the flagship crypto from retail and institutional investors. Bitcoin was trading at roughly $54,650 as of press time, up 5.6% on a daily basis, with a market cap of $1.07 […]
The post Bitcoin reclaims $54k two years after painful crash at the start of winter appeared first on CryptoSlate.

Avail, a blockchain infrastructure project, raised $27 million in its seed funding round led by notable venture capital firms Founders Fund and Dragonfly, according to a Feb. 26 statement shared with CryptoSlate. The raised capital will fuel the development of Avail’s three fundamental products: Data Availability (DA), Nexus, and Fusion. These components, forming what it […]
The post Polygon spinoff Avail raises $27 million in seed funding to build Web3 infrastructure appeared first on CryptoSlate.

A group of Senate Republicans, led by Senator Ted Cruz of Texas, is taking legislative steps to restrict the Fed’s capacity to introduce a central bank digital currency (CBDC), spotlighting the issue as a potential focal point in the 2024 presidential campaign discussions. The legislative effort reflects broader concerns over privacy and the role of […]
The post Ted Cruz spearheading anti-CBDC bill over financial privacy, government overreach concerns appeared first on CryptoSlate.

Crypto mixer Tornado Cash has reportedly fallen victim to a significant backend exploit that has put user deposits and sensitive data at risk. The security breach was revealed in a Medium post by Gas404, a community member, on Feb. 26. The exploit represents a critical vulnerability for Tornado Cash, whose trading volume already suffered a […]
The post Tornado Cash website, discord offline after community finds malicious code in protocol’s backend appeared first on CryptoSlate.