Decentralized lending protocol Cream Finance has suffered a flash loan attack, losing over $130 million worth of various crypto assets. This was the third successful hack against the popular DeFi project in the past year. Cream Finance has confirmed it suffered an exploit this Wednesday through a flash loan attack, compromising mostly Cream LP tokens...Read More
US ETF issuers are looking for new ways to capture the attention of institutions a week after the watershed launch of Bitcoin ETF. Direxion, for one, is offering an ETF that shorts crypto futures. October 19th was a monumental day for the entire cryptocurrency industry. Right after ProShares’ Bitcoin ETF welcomed impressive volume on the...Read More
Crypto exchange and token listing platform CoinList has recently announced the completion of its Series A funding round, which raised $100 million from industry investors. In an official blog post, CoinList noted that the funds will be geared toward scaling its services and operations and supporting its global community of early adopters. A $1.5B Market...Read More
The cryptocurrency market took a hit today as its capitalization lost around $150 billion in the past few hours. This also saw a little over $900 million worth of long and short positions liquidated. As we reported earlier today, bitcoin’s price tumbled below $60K and tested the support found at $58.3K. This sent the entire...Read More
Coinbase stock [COIN] has largely mimicked the price action of the broader cryptocurrency market recently. But the powerful rally may have come to a halt. The shares took a beating and depreciated by 1.45% at $320.82 on Tuesday afternoon trading. This came hours after the multinational investment bank Citi provided a very bullish price target...Read More
Adobe – a multinational computer software company – recently partnered with NFT marketplace “Rarible” to support digital provenance. They are kickstarting Adobe’s beta of its new “Content Credentials” feature, which helps to verify and protect digital content metadata. Verifying NFT Ownership Rarible announced the new feature in a blog post on its site earlier this...Read More
The millennial-focused Robinhood trading company has posted its third-quarter revenue report on Oct. 26, and things are not looking pretty on the crypto front. The firm stated that digital asset activity declined from record highs in the previous quarter, leading to considerably fewer new funded accounts. This has resulted in lower revenue in the third...Read More
Tether Holdings Limited, the issuer of the largest stablecoin by market cap, USDT, recently announced integrating Notabene to manage regulatory and counterparty risk in crypto transactions. Tether to Crack Down on Illegal Transfers As per an announcement on Tuesday, Tether will be testing the Notabene platform to comply with the Crypto Travel Rule —a mandate...Read More
Ethereum’s scaling hurdles have been at the center of technical discussions among DeFi aficionados and ETH proponents for quite some time now. Today, during the annual Shanghai Blockchain Week conference, Vitalik Buterin shared some thoughts on the matter. Vitalik Buterin, in his opening remarks during this year’s edition of the Shanghai Blockchain Week in China,...Read More
Thanks to the growing influence of stablecoins on the financial system, regulators across the world are racing to regulate the sector. The stablecoins realm is a step closer to achieving regulatory clarity as the US Securities and Exchange Commission (SEC) has geared up to propose legislation and supervise the $131 billion industry. US Financial Watchdog...Read More
After outlining two new partners in its attempts to enhance cryptocurrency mass adoption, Bakkt’s stock prices went through the roof yesterday. This comes just a few weeks after ICE’s Bitcoin service arm became a publicly traded firm. CryptoPotato reported yesterday Bakkt’s collaboration with Mastercard. The latter plans to integrate digital assets into many of its...Read More
According to its third quarterly report filing with the U.S. Securities and Exchange Commission, Tesla could restart accepting cryptocurrency payments. It stated that during the nine months that ended Sept. 30, the company purchased an aggregate of $1.5 billion in BTC. Up until the end of March, it accepted Bitcoin as a payment for sales...Read More
The cryptocurrency space has seen numerous prominent individuals who went from criticizing it to joining it years later. Jordan Belfort, who used to bash bitcoin but later predicted it will tap $100,000, is now a keen supporter of the non-fungible token industry. NFTs have garnered the attention of numerous celebrities outside of the cryptocurrency space...Read More
The Facebook whistleblower, Frances Haugen, has revealed her financial future is “fine” as she bought an undisclosed amount of crypto at “the right time.” Financial Backup Thanks to Crypto During an interview with the New York Times, Haugen said she’s currently maintaining her shelter in Puerto Rico thanks to cryptocurrency investment. She manages her own...Read More
In another venture within the digital asset space, Mastercard is preparing to expand the cryptocurrency economy in a whole new way, according to a recent report. The payment services giant will soon announce the provision of crypto-integrated services to every bank and merchant on its network. Mastercard’s Big Crypto Plan As revealed by CNBC earlier...Read More
The Nasdaq-listed company Mawson Infrastructure Group reportedly inked a partnership with Quinbrook Infrastructure Partners to set up one of Australia’s largest bitcoin mining operations. It will be located in the beachside town – Byron Bay – and will use 100% renewable energy. Australia Aims at Green BTC Mining Apart from being one of the leading...Read More
While the talks of central bank digital currencies have been on the table for a few years now, few countries actually took the steps to issue one. Nigeria, in turn, following extensive research and development, is finally ready to unveil the eNaira. ‘Same Naira, More Possibilities’ In a press release syndicated through mass media but...Read More
The US Securities and Exchange Commission’s approval of two Bitcoin futures ETFs last week has cemented the asset class among institutional investors. They can now get exposure without having any technical knowledge of it whatsoever. Financial advisors can now also allocate a proportion of client portfolios to Bitcoin. MicroStrategy CEO and Bitcoin bull Michael Saylor...Read More
A recent survey revealed that the majority of the UK residents would not support their government if it imposed a crackdown on bitcoin due to environmental reasons. Somewhat expectedly, the elderly were bigger proponents of the move. Not The Best Idea The first ten months of 2021 have been another turbulent period for bitcoin. The...Read More
The belief system between Bitcoiners and “Shitcoiners” continues to widen. While the two groups agree every once in a while, they are often completely on separate pages criticizing themselves. For clarity, “shitcoiner” may have varying meanings, depending on who’s speaking, but it is mostly used by Bitcoin maximalists to describe people who trade in other...Read More
IOTA – an open-source cryptocurrency and distributed ledger – recently launched its smart contract beta. Network users can now take advantage of the high-speed yet zero-fee transactions functionality that comes with the IOTA network. Smart Contracts on IOTA As reported on Thursday, the beta includes an Ethereum Virtual Machine (EVM), making ERC-20 tokens interoperable with...Read More
What is the best thing the cryptocurrency ecosystem could do to ensure its global success? Boost the dominance of stablecoins. Anyone who disagrees is free to debate with Emin Gün Sirer, CEO of Ava Labs, the company behind the succesful Avalanche protocol, who explained to Business Insider that stability must reign in the world of...Read More
Leading cryptocurrency price tracking platform CoinMarketCap (CMC) recently had email addresses of over 3 million users leaked. According to a fresh report by a website that tracks several cybersecurity threats, including hacks and compromised online accounts, about 3,117,548 email addresses of CMC users were leaked on October 12. However, the leak remained unknown until the email...Read More
The cryptocurrency trading platform – Bakkt – polled more than 2,000 American citizens to explore why crypto investors entered the digital asset industry and what are the biggest obstacles in front of them. It also revealed which age groups feel the most confident in regards to such investments. Crypto Is Not a Bite for The...Read More
Google’s Threat Analysis Group revealed that cybercriminals have been targeting YouTube content creators in phishing campaigns for the last two years. The bad actors often hijack their channels and either sell them back for a higher price or employ them to broadcast digital asset scams. YouTubers, Stay Alert In its report, Google’s team explained that...Read More
Following the growing interest in cryptocurrencies globally, the Senate’s Committee on Australia as a Technology and Financial Center has recommended that the country should establish favorable digital asset regulations to promote the development of the industry. Fostering Crypto Growth The committee said in a report published by Reuters today that the proposed laws should focus...Read More
A new report has revealed that a significant portion of all Ethereum-based non-fungible tokens (NFTs) is in the possession of a small number of addresses on the network. The report, which was published on October 21 by the open-source blockchain analytics firm, Moonstream, focused solely on NFTs with the ERC 721 token standard. It was...Read More
To say that last week was exciting would be a serious understatement. Bitcoin went on to chart a brand new all-time high at around $67K, we saw the approval of the first-ever futures BTC ETF in the US, a massive flash-crash on BinanceUS, and a correction towards $60K. Let’s dive in. Starting with Bitcoin. The...Read More
The US branch of the leading cryptocurrency exchange explained that yesterday’s severe flash crash that saw BTC’s price dumping from $65,000 to $8,700 in mere seconds was because of a bug in the trading algorithm. CryptoPotato reported yesterday when the price of bitcoin nosedived from its near all-time high level to below $10,000 on Binance...Read More
The American multinational retail corporation – Walmart – will reportedly allow its customers to purchase bitcoin using ATMs installed in some of its US shops. The initiative became possible following a collaboration between the retail giant Coinstar and Coinme. The First Step Last month Walmart’s name got involved in a story, according to which the...Read More
