Title: Latest Developments in the World of Cryptocurrency
Introduction:
Get ready to dive into the exciting world of cryptocurrency with the latest news curated by CoinChapter.com. From bug bounty programs to token listings and market insights, here are the top stories making waves in the crypto community.
1. Solana’s Firedancer Bug Bounty Program Takes Flight
Jump Crypto is thrilled to announce the launch of the Firedancer bug bounty program for Solana’s new validator client. With a total prize pool of $1 million, developers have the opportunity to earn generous rewards by identifying bugs in this system. The aim of this program is to enhance Solana’s network performance and speed. Immunefi, a bug bounty platform, will oversee the management of the program.
2. Bybit Introduces Hamster Kombat Token for Pre-Market Trading
Bybit, a renowned cryptocurrency exchange, has recently added the Hamster Kombat (HMSTR) token to its pre-market trading platform. Users can now trade this token for the popular game on The Open Network (TON) even before its official listing. This exclusive opportunity allows buyers and sellers to set quotes and execute trades at predetermined prices, giving users a chance to acquire HMSTR tokens ahead of spot trading availability.
3. Positive Inflows in Digital Asset Funds
Digital asset investment products experienced a remarkable turnaround last week, with net inflows of $441 million. This marks the end of a three-week streak of outflows. Bitcoin accounted for the majority of these inflows at $398 million, while Solana-linked products saw $16 million in inflows. This surge in inflows can be attributed to recent price weaknesses, which investors viewed as an excellent buying opportunity. However, blockchain equities continued to see outflows, amounting to $8 million for the week.
4. Pancake Bunny Hacker Makes a Move
Three years after the infamous Pancake Bunny DeFi protocol hack, the attacker has resurfaced, moving 1,002 Ether (worth approximately $2.9 million) through Tornado Cash, a privacy protocol. This comes after a prolonged period of dormancy since the original attack in May 2021. The hack resulted in the theft of 697,000 BUNNY tokens and 114,000 BNB, causing a significant drop in the value of the BUNNY token. Despite this, the hacker still holds around $11.4 million in Dai.
5. LiquiTrade Faces Sanctions for Violating Canada’s Securities Act
LiquiTrade, the operator of the Latoken crypto exchange, has been found guilty of violating Canada’s Securities Act by a panel from the British Columbia Securities Commission (BCSC). The exchange, which served 1.5 million users and processed $300 million in daily transactions, was operating without proper registration and authorization. LiquiTrade enabled trading of crypto derivatives without the required approvals, breaching Canadian securities legislation. The BCSC will impose sanctions, which may include monetary penalties or a service ban, by August 14.
Conclusion:
Stay up-to-date with the latest happenings in the cryptocurrency world by following CoinChapter. From bug bounty programs to token listings and market insights, there is always something exciting taking place in the ever-evolving crypto landscape.
