Market
DeFi
Deloitte enters the Polkadot ecosystem to issue reusable digital credentials
Deloitte will issue signed credentials leveraging the KILT blockchain. Users can manage their credentials using a browser extension wallet.
Exchanges
Coinbase users will no longer be able to borrow fiat against Bitcoin
The feature that allowed users to take out loans of up to $1 million against 40% of their Bitcoin holdings will be scrapped from May 10.
Mining
Kazakhstan’s Bitcoin mining industry has several challenges ahead
Kazakhstan's mining industry has been suffering and the new regulations could either provide stability or thwart it with high taxes.
DeFi
BNB Chain had over 10M active addresses in April; Ethereum had 4.9M
Polyhedra Network, LayerZero Labs, and Stargate Finance are pulling most of the new users on the BNB chain.
Exchanges
Dubai authorities sent written reprimand to OPNX Exchange founders
The reprimand was sent to five people, including founders of defunct hedge fund Three Arrows Capital and OPNX, Kyle Davies and Su Zhu.
Exchanges
Coinbase executives saved $1B by dumping stocks ahead of bad news, a lawsuit alleges
The Coinbase stockholder's lawsuit alleges that 9 Coinbase executives and board members used inside information to profit from stock sales.
Crime
Indian authorities freeze over $11M in crypto money laundering case
The Indian enforcement directorate has frozen around $21.7 million in the case that involves laundering through the app-based HPZ token.
Crime
Spanish police dismantled a crypto scam organization that bagged over $110M
The international scam organization convinced people to invest between $275 and $1,100 in non-existent cryptocurrencies.
Crime
KuCoin’s Twitter account hacked – exchange says it will reimburse victims
KuCoin users lost $22,600 while interacting with a malicious post promoting a fake giveaway during the 45 minutes of KuCoin's Twitter breach.
DAOs
Daily active accounts on NEAR reached ATH in Q1 2023
The average daily active accounts on NEAR Protocol was 64,000 during the first quarter of 2023. The network's revenue reached $120,000.
Crime
Yearn Finance exploited for over $10M in stablecoins
The flash loan exploiter has so far stolen millions worth of USDT, TUSD, BUSD, USDC, and DAI.
Crime
SushiSwap releases plan to return user funds stolen in $3.3M hack
SushiSwap will refund the funds recovered after the hack, and also compensate users whose funds are still under the hackers' control.