By NewsDesk7
On Friday, the value of Filecoin’s FIL token saw a significant increase, as reported by CoinMarketCap. This surge in value sparked enthusiasm on social media, particularly with regard to the blockchain’s upcoming launch of the Filecoin Virtual Machine (FVM) on March 1. Between midnight UTC and 5 p.m. UTC, the price of the FIL coin surged from $5.38 to a peak of $7.82, an increase of approximately 36.7%.
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According to a post-mortem report by Platypus auditor Omniscia, the $8m flash loan attack on Platypus was facilitated by code that was arranged in an incorrect sequence. Omniscia further asserts that the flawed code was not present in the version of the code they had reviewed.
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Weeks after the Federal Reserve rejected Custodia Bank’s bid to become a member of the Federal Reserve System and secure a “master account,” the bank filed an amended complaint against the Fed on Friday. The Wyoming Special Purpose Depository Institution asserted that the refusal of its application was illegal. It accused the Biden administration and the Federal Reserve Board of collaborating to issue a sequence of public statements in tandem with the denial of Custodia’s application and claimed that it was the Federal Reserve Board, rather than the Kansas City Fed, that was controlling the situation.
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According to a report by Bloomberg on February 17th, Nishad Singh, who is the co-founder and former chief engineer of the now-defunct cryptocurrency exchange FTX, is negotiating a plea agreement with prosecutors. The 27-year-old Singh is expected to plead guilty to charges connected to FTX’s bankruptcy if the deal is completed. However, as per the report, the terms of the plea bargain are still being worked on.
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