Nomad Bridge Drained of Nearly $200M in Exploit

On Twitter, @samczsun, a researcher at crypto investment firm Paradigm, explained that a recent update to one of Nomad’s smart contracts made it easy for users to spoof transactions. This meant users were able to withdraw money from the Nomad bridge that didn’t actually belong to them. Author: Sam Kessler Source link

Coinbase Prime grows its staking offering with ETH | by Coinbase | Aug, 2022

Tl:dr: We’re launching Ethereum staking to US domestic institutional clients on Coinbase Prime. Using our industry-leading cold storage, clients can now generate yield by staking ETH. By Aaron Schnarch, Vice President of Product, Custody Fully-integrated staking on Coinbase Prime Coinbase Prime provides institutions with an end-to-end staking experience. Clients can create a wallet, decide how much to stake, and initiate staking from the ETH asset page on their Coinbase Prime account. Securing client funds is our highest priority. We hold withdrawal keys in our cold storage custody vault at all…

The Number of Euro-Pegged Stablecoins Has Swelled 1,683% Since 2020 – Altcoins Bitcoin News

While the stablecoin economy is worth roughly $153 billion today, euro-backed stablecoin issuance has increased 1,683% from $31.9 million worth of euro-based tokens on January 3, 2020, to today’s $569 million. Since November 2021, the number of euro stablecoins swelled by 85.34%, but from January 2022 to today, euro stablecoin numbers dropped 14.17% during the last seven months. Euro-Pegged Stablecoins Cross Half a Billion in Value Since the Start of the Year Today, most of the stablecoin economy’s value is based on tokens backed by the U.S. dollar, but a…