Platform Financial News

Blockchain security firm CertiK reported on Feb. 16 that it has spotted a flash loan attack on Avalanche-based stableswap platform Platypus DeFi. The blockchain security firm posted the news in a tweet, alongside the attacker contract address.

When the NFTs buzz was rampant in 2021, not many traders thought about utility. But the bearish market of 2022 seemed to have opened the eyes of many, and might now affect the volume of some blue-chip collections.

Bitcoin hit an eight-month high to surge past $25,000 on February 16 as the volatile cryptocurrency rises despite pressure from US regulators.

Check out the companies making headlines in midday trading.

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Fantom (FTM), the cryptocurrency that powers the high-performance, smart-contract-enabled Fantom blockchain, has been rallying hard in the last few days. FTM was last changing hands in the $0.57s, back above its 21-Day Moving Average at $0.52 and up around 40% versus recent lows around $0.41, with the cryptocurrency benefitting from buying pressure after it found strong support at the summer 2022 high.

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Crypto could be seeing some new property tycoons on the scene soon. As the Metropoly ($METRO) presale explodes amid the hype around real world assets (RWAs).

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The United States Securities and Exchange Commission (SEC) has given the go-ahead to a new crypto proposal. According to it, cryptocurrency firms will have a harder time serving as digital asset custodians in the country.

The ethereum price has gained by 9% in the past 24 hours, rising to $1,689 as part of a marketwide rally caused in part by a short squeeze. Its current level means it has risen by 2% in a week and by 7% in a month, with today's return largely compensating for losses witnessed last week.

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The Securities and Exchange Commission voted Wednesday to expand asset custody rules for investment advisors to cryptocurrencies and require financial institutions overseeing crypto assets to obtain federal and state registrations to do so.

Hedera [HBAR] has been one of the most bullish cryptocurrencies so far in February 2023, during which it built on its January gains. This was unlike most top digital coins, which saw significant weakness and profit-taking. But can it sustain this bullish momentum?

The bankrupt crypto lender Celsius is taking legal action against its former CEO Alex Mashinsky and a number of others to seek the return of “millions of dollars.”

Under the deal, Google Cloud will become Deutsche Börse Group’s preferred partner for cloud consumption for the next ten years with a focus on accelerating development of the exchange's DLT-based digital securities platform D7. The D7 platform will be underpinned by Google Cloud’s secure infrastructure and will have an intelligent data analytics layer via Google Cloud’s BigQuery and Analytics Hub. The partnership also seeks to innovate Deutsche Börse Group’s digital asset business with an institutional-grade offering, including a Digital Assets Business Platform with a cloud-native market infrastructure, combining centralized and decentralized financial infrastructure to deliver crypto spot and derivatives products. The German exchange says it aims to expand these capabilities to further asset classes over time. Additionally, the two companies plan to jointly deploy a data mesh for several of Deutsche Börse Group’s data distribution and data use cases in the cloud. Thomas Kurian, CEO of Google Cloud, comments: “Our partnership with Deutsche Börse Group underscores the wide range of opportunities and benefits that secure and reliable cloud technology, data analytics, and AI can have for all market participants.”