The US Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, is pleased to announce the release of its latest report, How QR Codes Address 'the Last Mile' Adoption of Faster Payments at the Point-of-Sale.
During UK FinTech Week at IFGS 2024, Gurdeep Singh Kohli of Standard Chartered Ventures, discusses the impact of digital disruptors on UK FinTech, citing regulatory support and funding as key drivers. He highlights Challenger banks' success in improving client experiences and addressing SME needs. We look at approaches to innovation, emphasizing experimentation and the importance of security in em...
The impending Bitcoin halving presents a critical moment for Bitgert Coin since it portends potential market performance and investor interest.
The post Latest Security Breach hits Arbitrum; Hedgey Finance Loses $1.9 Million in Hacker Attack appeared first on Coinpedia Fintech News The crypto market has suffered yet again, due to a recent exploitation on the ARB chain and a big hack on the Hedgey Finance token claim contract that resulted in a huge financial loss for the protocol. Attacker Steals Over $40 million in Tokens A web3 security firm, cyvers, flagged the hack and revealed that the attack on the ARB platform was arranged by a suspicious address – 0xc7241e27ee4b8d32b59a10e848b48530047a8c5b, as a result of which the sum of $42.8 million in tokens was withdrawn. Despite numerous attempts to appeal for assistance from the targeted victims, their plea has never been acknowledged, and it seems unresolved. The attacker has already made a substantial deposit, including 200,000 $BONUS tokens and $110,000 to Bybit_Official, which clearly shows one attack involving different cryptocurrency networks from different kinds of exchanges. Earlier Hedgey’s Finance led to a loss of almost $1.9 million. The attacker, whose financing source has been linked to ChangeNOW_io, immediately changed the stolen funds to DAI and sent them to an externally owned account. UPDATE@hedgeyfinance has experienced security breach with their Hedgey Token Claim Contract!Total loss is around $1.9M. Attacker is funded by @ChangeNOW_io. All stolen funds are swapped to $DAI and transferred to an EOA at https://t.co/MT78LFSQ7GWe urge all users to… https://t.co/hwuBjTiebp— Cyvers Alerts (@CyversAlerts) April 19, 2024 Response by the team After the acknowledgement of the breach, the team came out with an urgent alert and notified their users to revoke all permissions for the case and also informed them on how to make their accounts safer to avoid future losses. The platform of Hedgey Finance has also provided specific procedures for initiative cancellation as well; this prompts all the market participants to take drastic action immediately to avoid any more losses. The affected platform is currently working to determine the nature of the hacking and the way of mitigating it with the help of cybersecurity experts and auditors. They are open and communicating with users continues to be their focus area to build consensuses and protect assets. These incidents show that the DeFi industry is not yet entirely safe and steady efforts should be put against complex online threats that are necessary in the digital crypto arena.
The fight over Earned Wage Access (EWA) is the latest skirmish in the ongoing war for the wallets of America's working class.
Cash may be king, but it's a clunky monarch, weighed down by the burdens of physicality.
The realm of digital identity has always been a precarious one, a constant dance between convenience and security.
The Shiba Inu (SHIB) community, known for its enthusiasm for meme coins, is increasingly drawn to Option2Trade (O2T), a new DeFi AI token making waves in the cryptocurrency market. This shift indicates a growing interest in tokens that offer both technological innovation and financial promise. This article will explore the three pivotal factors that make Option2Trade (O2T) particularly appealing to the Shiba Inu (SHIB) community, including its cutting-edge AI-driven features, its potential for substantial returns, and its strategic approach to market entry. Innovative AI Integration Option2Trade (O2T) sets itself apart from typical cryptocurrency offerings through its integration of artificial intelligence, which enhances trading algorithms and financial analytics. This AI-driven approach has resonated with the Shiba Inu (SHIB) community, which is keen on backing projects that leverage technology for smarter investments. The AI capabilities of Option2Trade (O2T) not only improve transaction efficiency but also provide Shiba Inu (SHIB) investors with more robust tools for risk management and investment decision-making, marking a significant upgrade from the usual meme coin functionalities. High Return Potential The potential for high returns is a significant draw for the Shiba Inu (SHIB) community, whose members are often on the lookout for the next big opportunity. Option2Trade (O2T) offers promising financial prospects through its innovative DeFi solutions, which are designed to maximize profitability in ways that traditional investments cannot. The Shiba Inu (SHIB) community is particularly attracted to Option2Trade (O2T)’s projections of up to 2000x gains, a figure that taps into their appetite for high-risk, high-reward investments, making O2T a highly appealing option for those looking to diversify beyond meme coins. Strategic Market Entry Option2Trade (O2T)’s strategic market entry is another key factor that has captured the attention of Shiba Inu (SHIB) investors. By positioning itself at the intersection of AI and DeFi, Option2Trade (O2T) addresses a unique niche that is currently underserved. For the Shiba Inu (SHIB) community, the timing of O2T’s launch — coinciding with an increased general interest in AI and machine learning applications in finance — makes it an especially attractive investment. This strategic positioning helps differentiate Option2Trade (O2T) from other tokens and aligns it with the Shiba Inu (SHIB) community’s growing demand for innovation and advanced technology in their investment portfolios. Conclusion: A New Direction for SHIB Investors As Shiba Inu (SHIB) investors continue to explore new and promising avenues within the crypto space, Option2Trade (O2T) stands out as a particularly compelling choice. With its strong focus on AI-driven solutions, potential for substantial returns, and strategic market positioning, Option2Trade (O2T) is not just attracting attention but is also setting a new standard for what the Shiba Inu (SHIB) community can expect from their investments. The rise of Option2Trade (O2T) marks a significant shift in the investment strategy of Shiba Inu (SHIB) enthusiasts, heralding a broader movement towards embracing technologies that offer tangible innovations and financial growth opportunities. For more information on the Option2Trade (O2T) Presale: Use promo code O2T Launch to get 15% bonus Visit Option2Trade (O2T) Join and become a community member: https://t.me/O2TOfficial https://twitter.com/Option2Trade (O2T) Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here. The post Shiba inu Today: Three Factors Why This Defi A.I Token Has Captured SHIB Community appeared first on The Merkle News.