The OKX DEX Aggregator faced a significant security breach involving an outdated smart contract on Dec. 12. This incident resulted in measures by OKX to secure user assets and revoke permissions for the compromised contract. The breach, resulting in the loss of around $370,000, has prompted the company to announce it will reimburse affected users The post OKX promises user reimbursement following DEX hack due to deprecated smart contract appeared first on CryptoSlate.

Goldman Sachs now anticipates two interest rate cuts by the U.S. Federal Reserve in the upcoming year, revising its initial forecast to include a reduction as early as the third quarter due to subsiding inflation, according to Reuters. This shift in monetary policy could significantly impact Bitcoin, known for its resilience against economic fluctuations. In The post Goldman Sachs revises rate cut forecast, signaling potential boost for Bitcoin amidst monetary policy shift. appeared first on CryptoSlate.

Analysis of Ethereum’s recent financial data on Ultrasound Money reveals a continued shift in its economic model since the historic merge in Sept. 2022. The decline in Ethereum’s supply stands at 309,663 ETH, equivalent to approximately $686.2 million. This reduction reflects a deflationary trend, contrasting the previous inflationary nature where new ETH was consistently created. The post Ethereum burns $2.5B worth of ETH since merge as supply drops to 18 month low appeared first on CryptoSlate.

China’s launch of RealDID was announced on Dec. 12, a new digital identity service by the Blockchain Service Network (BSN) aimed at providing a “front-end anonymity and back-end real-name” digital identity network. The launch was announced in Beijing as a step toward a holistic digital identity, resulting from a collaboration between the National Information Center, The post China to launch national privacy-focused digital identity chain RealDID appeared first on CryptoSlate.

Google is set to update its Cryptocurrencies and related products policy in January 2024, explicitly clarifying regulations for the advertisement of Cryptocurrency Coin Trusts. This change, effective from Jan. 29, 2024, will allow advertisers in the United States to promote Cryptocurrency Coin Trusts, given they meet specific criteria and obtain certification from Google. Cryptocurrency Coin The post Google to update ad policy for ‘Crypto Trusts’ ahead of anticipated ETF approvals appeared first on CryptoSlate.