Analysis Crypto by Thebittimes.Com

Multi-billion dollar stablecoin giants Circle and Tether are being grilled by a DeFi risk management firm over their allegedly “inadequate” bug bounty programs that fail to exceed $10,000.  LlamaRisk published the report on September 1, which assessed the bug bounty programs for crypto assets listed on Aave’s V3 Protocol.  It found that 33 assets, making up $19.7 billion of Aave’s supply, have “adequate” bug bounty programs. Ten assets representing $19.2 billion of Aave’s supply, however, either have no program or are “vastly insufficient.” LlamaRisk says Circle, despite managing $70 billion in assets, has a “vastly insufficient” bug bounty of $5,000. Tether, which manages $160 billion, only offers a bug bounty of $10,000 .  Other assets with low bug bounties include BitGo wrapped bitcoin, Gnosis, and Ripple, while Etherfi, Monerium, PayPal, and Agora are flagged as having no active bug bounty program at all.  Read more: Hacker could’ve printed unlimited ‘E...

US dollar volatility has now started to gain mainstream attention. The American currency is currently weathering rocky waters as global trust in the US dollar continues to falter. In the middle of this, the Bank of England has issued a stark warning to other banks, sounding the alarm on their growing dependence on the US dollar. Also Read: Emerging Markets Shift to Euro Debt Amid US Dollar Review Bank Of England’s Message To Other Banks Source: Computerworld The Bank of England has repeatedly asked banks to analyze their dependence on the US dollar. This warning has been issued in line with growing US dollar volatility and whether these banks are ready to face US dollar shocks and jitters in this wake. Per a recent report, BoE’s latest request to lenders to assess their reliance on the US dollar comes straight after the volatility that has been triggered by Trump’s new tariff regimen. Since the liberation day tariffs, the USD price has been noting a significant value shock. In one...