Decentralized peer-to-peer lending protocol Onyx Protocol lost roughly $2.1 million in an exploit of a market with no liquidity that was deployed on Oct. 27. 

The Onyx Protocol hacker exploited a known bug, a rounding issue behind the popular CompoundV2 fork, explained blockchain investigator PeckShield soon after alerting about the hack that went unnoticed by the protocol.

#PeckShieldAlert @OnyxProtocol has been exploited for ~2.1M pic.twitter.com/5Z50tCg6MD

— PeckShieldAlert (@PeckShieldAlert) November 1, 2023

The alleged liquidity lacking oPEPE market was “abused with donation to borrow funds from other markets with liquidity,” found PeckShield’s independent investigation on…

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The crypto wallets linked to now-defunct crypto exchange FTX and its sister trading firm Alameda Research have sent over $13 million in different altcoins to numerous crypto exchanges early on Nov. 1.

According to data from on-chain analysis firm Spotonchain, the FTX wallet first transferred $8.12 million worth of altcoins to Coinbase. The assets include 46.5 million GRT ($4.85 million), 972,073 RNDR ($2.3 million), and 708.1 MKR ($967,000).

FTX and Alameda linked crypto deposit on Coinbase. Source: SOC

The wallet addresses of FTX and Alameda Research made another $5.49 million transfer after three hours to Binance and Coinbase. The top 3 assets with the highest value in this transaction…

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Artificial intelligence, more specifically its abbreviation ‘AI,’ was crowned word of the year for 2023 in the Collins dictionary, one of the world’s earliest English-language dictionary publishers. 

The Collins dictionary defines AI as “the modeling of human mental functions by computer programs.” The dictionary publisher described AI-powered language models as “bursting into the public consciousness” at the end of 2022.

It said AI has not only seen rapid development in 2023 but has also been “much talked about.” Collins wrote that AI is considered to be the “next great technological revolution.”

In addition to AI, Collins has a particular interest in “digital…

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Turkey is reportedly drafting fresh regulations to govern crypto-assets in an effort to convince the Financial Action Task Force (FATF), an international organization responsible for combating financial crimes, to remove it from a “gray list” of nations that have not done enough to combat money laundering and terrorist financing.

Notably, the FATF placed Turkey on its gray list in 2021. According to a report, during a discussion with a parliamentary commission on Oct. 31, Turkish Finance Minister Mehmet Simsek mentioned that a FATF report determined that Turkey adhered to all but one of the 40 standards set by the watchdog.

Finance Minister Simsek reportedly stated that the sole…

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As the Bank of Spain embraces the potential adoption of a digital euro, the country’s population doesn’t appear to have the same strong appetite for the European Central Bank’s digital currency project. 

This emerges from the results of a survey published by the Bank of Spain entitled “Study on the habits in use of cash.” The survey was conducted by Ipsos on two groups, totaling 1,600 respondents: the general public and the representatives of small businesses. It also included questions on the digital euro, a potential pan-EU central bank digital currency (CBDC).

The study revealed that only 20% of the general public knows about a “digital euro.” The number among small…

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Bitcoin (BTC) has seen its highest monthly close since May 2022 after “Uptober” delivered near 30% BTC price gains.

BTC/USD 1-month chart. Source: TradingViewMonthly close boosts Bitcoin bull market hopes

Data from Cointelegraph Markets Pro and TradingView confirms Bitcoin bulls successfully held on to upside into Nov. 1.

After navigating a choppy mid-month trading environment, hodlers were treated to a finale similar in character to October’s initial breakout.

Monitoring resource CoinGlass thus put October as the second best-performing month of 2023. Bitcoin gained 28.5%, trailing only January’s 39.6%.

BTC/USD monthly returns (screenshot). Source: CoinGlass

Reacting, popular trader…

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Floki’s FLOKI/USD protocol’s token, TokenFi (TOKEN), has experienced a significant increase in value. 

What Happened: In the past 24 hours alone, TOKEN has surged by 40% and has emerged as a top performer on decentralized exchanges.

TokenFi, is a platform by FLOKI, which aims to capitalize on the growing tokenization industry by offering crypto and asset tokenization services. At the time of writing, TOKEN was trading at $0.02617.

According to data from Dextools, TokenFi’s trading volume has experienced a significant surge. Within the last 24 hours, the trading volume for TOKEN has risen by 30%, reaching $5.5 million. This growth follows the token’s recent launch, which took place…

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