Sovryn – a Bitcoin-based decentralized finance protocol – was drained of over $1 million in funds on Tuesday using a price manipulation exploit. The attack allowed the culprit to drain over $1 million worth of crypto from the protocol, including 44.93 RBTC and 211,045 USDT. Sovryn’s First Hack According to Sovryn’s blog post on the...Read More
Mike McGlone – Senior Commodity Strategist at Bloomberg Intelligence – sees the top two cryptocurrencies outperforming other assets when the economy returns to bull territory. The analyst said that Bitcoin, in particular, could be in its early stages of trading more like a safe haven asset, such as treasuries or gold. Signs of a Bottom...Read More
Owing to the historic inflation, Q3 has been painful for Bitcoin. The largest cryptocurrency by market cap appears to have largely lost its inflation hedge and store-of-value narratives in the market. According to Messari’s new report, the demand for block space fell, resulting in a decline in Bitcoin’s transaction count and fees by roughly 3%...Read More
The Bitcoin closed a daily candle above $20,000 on Tuesday, marking the highest daily close in about 24 days. That’s after trading range-bound from the $19K to $20K level for the latter half of September. Foreign pressure on the Fed to slow rate hikes and a low supply of bitcoin on crypto exchanges rallied the...Read More
Many people lost money when stablecoins LUNA and UST fell and traded close to zero, after which Terraform Labs and Kwon were blamed for the incident that swept billions from the market. In no time, the matter became a trending topic and it received a lot of attention in South Korea. According to a report...Read More
Fidelity Investments doubled down on its cryptocurrency efforts after its brokerage arm – Fidelity Brokerage Services LLC – offered an Ethereum Index Fund to clients. The product has raised around $5 million since sales started at the end of September, while outside investors can participate in the initiative with a minimum investment of $50,000. Fidelity’s...Read More
The Markets in Crypto-Assets (MiCA) regulation passed in the European Council on October 5th. The development is a significant step toward bringing a consistent legislative landscape to the continent that has been, so far, fragmented. The text of the laws was signed off by the representatives of the bloc’s member governments in the EU’s Council....Read More
[PRESS RELEASE – Lisbon, Portugal, 5th October 2022] Talent Protocol, the web3 professional community for high-potential builders, has acquired Agora Labs, a social token and NFT infrastructure platform for creators to build and scale their communities. The acquisition will not only integrate Agora’s tech stack and community into Talent Protocol, but also onboard its young...Read More
[PRESS RELEASE – Willemstad, Curaçao, 4th October, 2022] Today, BC.GAME announces the launch of its newly redesigned website with more and better features for its players. This is one of the many efforts of BC.GAME in order to continue giving the best experience and satisfaction to its players around the world. BC.GAME Introduces a Newly...Read More
South Korean prosecutors continue their pressure on Terraform Labs following the fiasco that took place earlier this year. This time, the authorities have managed to freeze a whopping 56 billion won (worth around $39.4 million) in assets that are tied to Do Kwon. According to the South Korean media outlet News1, prosecutors have managed to...Read More
The move is the last in a series of resignations across multiple crypto platforms struggling to stay afloat. Last Week, Alex Mashinsky formally resigned from his position as CEO of the now-bankrupt crypto asset management firm Celsius. His resignation was taken into consideration effective immediately, although he remained director of the company, stating that the...Read More
There are a lot of obstacles on the future road of the crypto space. Some prominent names consider the space a digital money bank, while some don’t even consider cryptocurrency money. Today, a court in South Korea has made it clear that any legal interest limit that applies to traditional money loans does not apply...Read More
On Oct. 4, the 1inch network announced a partnership with nonfungible token (NFT) domain name provider and digital identity platform Unstoppable Domains. The new collaboration signals a move into the decentralized domain space, which is currently dominated by the Ethereum Name Service (ENS). According to the announcement, the partnership will allow 1inch Wallet users to...Read More
