August 12, 2021

DAO Maker Hacked: Project Reports No ‘Detrimental’ Damages Despite 5,251 Affected Users

The multi-investment DeFi platform Dao Maker has become the latest victim to a security breach in the industry. The attackers have managed to affect over 5,000 accounts holding USDC. At first, Wu Blockchain took it to Twitter to indicate that the popular platform has fallen victim to a hack. The perpetrators supposedly transferred out USDC...
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ReSource Finance Raises $1.7M to Offer Undercollateralized Credit to Web 3 Businesses

[PRESS RELEASE – San Francisco, United States, 12th August 2021] Decentralized credit protocol, ReSource Finance completed a $1.7 million funding round led by Future Perfect Ventures, NGC Ventures, and ExNetwork to enhance decentralized credit access to Web 3 businesses. Other investors in the round include Davoa Capital, BlockRock Capital, Moonwhale Ventures, Follow the Seed, Floem...
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CryptoCom Expands Free Crypto Tax Reporting Service to Australia

[PRESS RELEASE – Hong Kong, Hong Kong, 12th August 2021] It’s now even easier for Australians to file crypto tax returns Following the successful launches of Crypto.com Tax in Canada and America, Crypto.com has announced that this service is now available in Australia. Crypto.com Tax makes it easy to file complicated crypto taxes in a...
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Binance Smart Chain Kicks Off Most Valuable Builder Program Season 3

The team behind the Binance Smart Chain has decided to launch another season of the Most Valuable Builder program. It aims to accelerate the developments in several sectors, including DeFi and GamingFi, and ten projects will have the chance to receive funding. BSC MVB Program Season Three Ever since the launch of the Binance Smart...
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BabyMusk – an Ethereum Based Cryptocurrency You Can Trust

Our goal with BabyMusk is to create an ERC20 meme token (ETH) you can finally trust. We work under open, transparent, and honest communication with the crypto community. From Bitcoin (BTC) to Dogecoin (DOGE) to Shiba INU (SHIB), everyone is welcome and invited to buy into our platform. Part of our mission is giving back,...
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PrivacySwap Launches Hack the Vault Game: A Race Against Time, Keys, and Other Players

[PRESS RELEASE – 6th August 2021] PrivacySwap will officially release “Hack the Vault” on 13th August at 9 PM (GMT+8). This is their first game offering on the platform that’s sure to bring enjoyment and lots of earnings to the participants. A bonus of 500 PRV will be preloaded to the prize pot to kick...
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Polygon (MATIC) Price Could Form New ATH Above $3 With Nearly 200% Gains

MATIC price had lost the plot in the past couple of months amid the heavy sell-offs and constant downtrends. After spiking to its highest levels around $2.8, the price slides down to around $0.6 within a couple of months. The rally which aimed to hit $3 remained incomplete, yet could however happen in the coming...
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Leo Messi’s Signing Bonus in PSG Included a Payment in Cryptocurrency: Report

Paris Saint-Germain has reportedly paid a portion of Leo Messi’s welcoming package in its own fan token – $PSG. As it became well-known recently, Lionel “Leo” Messi couldn’t continue his contract with his previous team Barcelona as the club failed to stay within the financial limits incorporated by La Liga. Paris Saint-Germain, arguably the wealthiest...
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Increased Trader Rewards: An Upcoming Revamp of BitMEX Fee Structures

Effective 18 August at 00:00 UTC, the BitMEX Taker Fee will be lowered from 7.5bps (0.075%) to 5bps (0.05%) on all BitMEX products. Meanwhile, the Maker Rebate will be adjusted from 2.5bps (0.025%) to 1bp (0.01%) across BitMEX. Lower Taker Fees will apply to traders who qualify for higher tiers by reaching volume thresholds calculated...
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Fixing The Privacy Gap In Proof Of Liability Protocols

Abstract: We examine the state of proof of assets and proof of liability schemes in the cryptocurrency space, systems whereby exchanges publish a list of user balances, which add up to the total exchange liability. Users are then able to verify their balance is included in the list, proving assurance over the solvency of the...
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Axie Infinity (AXS) Skyrocketed 30% Following a Coinbase Pro Listing

Axie Infinity (AXS) is among the latest digital assets to be listed for trading on Coinbase Pro. As it typically happens with similar developers, its price jumped by nearly 30% in a matter of hours after the announcement. The leading US exchange outlined the latest set of coins to find a place on the Coinbase...
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The Guy Who Sold Everything For Bitcoin Reveals How He Keeps His Stash Safe

In 2017, before the cryptocurrency frenzy began, Didi Taihuttu made the decision of a lifetime: he sold all his assets and bought Bitcoin… at $900. Perhaps he was super happy a few months later when he achieved a 20X ROI, but now, with each coin trading above $46,000, Taihuttu has to think very hard about...
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Poly Network Hacker Returns $260 Million After Record Crypto Heist

According to the Poly Network, the hackers behind one of the industry’s largest-ever crypto heists have returned more than a third of stolen $613 million loot. In a tweet on August 12, the DeFi protocol announced that it had received $260 million returned from the attackers. It also stated that there were $353 million outstanding...
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Cardano Price Skyrockets! ADA Price set to Hit $2, With Introduction of New Token Type

This week, ADA gained 33%, propelling it to break the top angle of an upward price channel it had been trading in. ADA battled to break through resistance at $1.50, which was given by the 100-day MA level, prior to the breakout. The breakout came yesterday as ADA shot to resistance at $1.70. Today, it...
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Bitcoin (BTC) $ 97,190.04 3.11%
Ethereum (ETH) $ 3,337.97 7.28%
Tether (USDT) $ 0.999378 0.19%
Solana (SOL) $ 246.61 3.46%
BNB (BNB) $ 620.93 0.92%
XRP (XRP) $ 1.13 0.32%
Dogecoin (DOGE) $ 0.387541 0.74%
USDC (USDC) $ 0.999014 0.12%
Lido Staked Ether (STETH) $ 3,340.33 7.35%
Cardano (ADA) $ 0.797216 4.42%