Early estimations show that some of the hot wallets belonging to Liquid Global have been compromised, with attackers swiping around $80 million in various cryptocurrencies such as BTC, ETH, XRP, and others. The Japan-based digital asset platform took it to Twitter earlier on August 19th to highlight the security breach on its systems. It indicated...Read More
On-chain analytics provider, Glassnode, has reported that Bitcoin exchange flows have returned to the dominance of outflows through August as investors withdraw the digital asset. It added that the market has transitioned through a number of phases of exchange flow dominance over the last year. The previous outflow dominance was last seen in late 2020,...Read More
David Marcus– board member of the Diem Association and head of digital wallet Novi– revealed in a recent blog post that the Diem payment system had been licensed in nearly every state. Diem as a Global Payment System Marcus happened to reveal the news in the middle of a recent Medium post titled Good stablecoins,...Read More
The popular crypto trading platform, Bybit, has revealed that it has entered into a multi-year partnership with the Ukrainian esports organization, Natus Vincere (NAVI). Bybit Collaborates With NAVI According to a press release shared with CryptoPotato on Wednesday, the new partnership marks Bybit’s entrance into the esports space and will open up various opportunities for...Read More
The number of cryptocurrency-related companies aiming to go public continues to increase, with the latest example being Iris Energy Pty. The firm, focused on green Bitcoin mining, has filed with US regulators for a direct listing on Nasdaq this year. Based in Sydney, Australia, Iris Energy is a Bitcoin mining firm that “owns and operates...Read More
The world’s leading cryptocurrency exchange has appointed Greg Monahan – a former US Treasury Criminal Investigator. Monahan will serve as Binance’s new Global Money Laundering Reporting Officer. The company announced its latest hiring in its attempts to comply with global watchdogs in a press release shared with CryptoPotato. It explained that Monahan has a 30-year...Read More
Major non-fungible token (NFT) peer-to-peer marketplace OpenSea, has recorded a massive milestone, as its trading volume hit the $1 billion mark in August. OpenSea’s Trading Volume Achieves Billion-Dollar Milestone Tweeting on Tuesday (August 17th, 2021), OpenSea co-founder and CEO Devin Finzer announced the platform’s record trading volume. Earlier in August, the platform’s transaction volume saw...Read More
Columbia Investment Management Company’s (IMC) co. president and CEO Kim Lew sees crypto as more than just a fad, saying that the industry is “clearly here to stay.” What Role Will Crypto Play? In an interview with Bloomberg Wealth, Lew gives her take on the investment potential of cryptocurrency and the many possible directions in...Read More
According to ‘PlanB’, the brainchild behind the highly debated Bitcoin stock-to-flow model, the bull market is not over yet. In a tweet on August 18, the analyst posed an update of the model showing that target white line and on-chain pricing signals indicate that we are still in the middle of this cycle. The target...Read More
The Dogecoin Foundation that was inactive for years, has relaunched, with a new advisory board that includes notable names such as Tesla and SpaceX CEO Elon Musk represented by his associate, and Ethereum co-founder Vitalik Buterin. New Dogecoin Foundation The Foundation was originally established as a non-profit in 2014. In 2013, Jackson Palmer and Billy...Read More
Twitter has chosen Jay Graber, a former developer for Zcash, a privacy-focused cryptocurrency, to lead its decentralized social media project, Bluesky. Graber announced the news via Twitter on Monday (August 16, 2021). The developer wrote and published a review of the decentralized social ecosystem back in January 2021. I’m excited to announce that I’ll be...Read More
John Oliver, the host of the political comedy show “Last Week Tonight,” recently poked fun at privacy-based coin Monero, in a short aside while covering the growing threat of ransomware attacks in the United States. Cryptocurrency and Ransomware Attacks In the latter half of his segment, Oliver retells the story of a woman who was...Read More
After filing with the SEC to receive approval for a Bitcoin ETF in April this year, Galaxy Digital has reportedly tried again – this time, under a different section. Novogratz’s company wants to launch a Bitcoin futures-only exchange-traded fund. Bloomberg’s senior analyst, Eric Balchunas, took it to Twitter to highlight Galaxy Digital’s latest attempt to...Read More
The Austrian cryptocurrency trading venue – Bitpanda – raised $263 million in a new funding round led by Valar Ventures. The company is now worth $4.1 billion – nearly four times more than the $1.2 billion valuation in March this year. According to a CNBC report, the valuation of Bitpanda – a cryptocurrency exchange based...Read More
Cryptocurrency trading platforms continue to receive scrutiny from global regulators as Spain’s National Securities Market Commission (CNMV) has warned two of the largest digital asset exchanges – Huobi and Bybit. According to the statement from the authorities sent to 12 companies operating in Spain, including Huobi and Bybit, they have failed to register to provide...Read More
In an announcement on August 16, Poly Network stated that it will soon be going live again. Additionally, Poly has teamed up with bug bounty platform Immunefi to offer $500,000 for white hats that discover smart contact flaws and code bugs. The bug bounty went live a couple of hours ago, according to Immunefi, which...Read More
The use of cryptocurrencies as means of payment that circumvent the traditional financial system is proving increasingly popular among minority groups in the United States. According to data from Harris Poll shared by USA Today, 1 in 4 people who identify as LGBTQ have invested in cryptocurrencies. This is almost twice the proportion compared to...Read More
The US State Department (DOS) is trying to halt cybercrime in the country with a new initiative for the Rewards for Justice (RFJ) program. Consequently, it will offer up to $10 million in cryptocurrencies to anyone who can provide information leading to the identification of state-backed hackers. DOS Targeting Black Hat Attendants Last week, hackers...Read More
North America’s largest retailer by total sales is looking to hire an expert in cryptocurrencies and digital payments. The new role for “Digital Currency and Cryptocurrency Product Lead” will be for the development of a digital currency strategy and product roadmap. It is likely that Walmart is making moves to accept cryptocurrency as payments, though...Read More
The Security Service of Ukraine (SBU) halted several illicit digital asset exchanges in the capital Kyiv that charged between 5-10% for transaction fees. Interestingly, some of the clients of these venues were organizers of mass protests who reportedly used the network to fund provocation acts on the Independence Day of Ukraine. The Clients of The...Read More
Fans of the NBA team, the Dallas Mavericks, will soon be able to purchase merchandise with discounts if they use Dogecoin as a payments method, announced the club’s owner – Mark Cuban. He also argued that he’s not trying to shill the meme coin as people prefer to use it. The Lovestory Between the Mavs...Read More
Marvel fans will be able to enjoy a new set of NFTs focusing on their favorite superheroes. The new digital collection will include some of the most iconic participants, including Captain America, Bucky Barnes, and the Red Skull. CryptoPotato reported last week Marvel Entertainment’s first endeavor into the world of non-fungible tokens. Through a partnership...Read More
According to a recent study, almost every third Canadian has allocated some funds in digital assets. Nonetheless, most locals have concerns about their crypto investment since only 5% of them find it a safe strategy. Cryptocurrencies and ‘Meme Stocks’ in Canada The financial technology start-up – Hardbacon – conducted a survey among Canadian adults to...Read More
The American authorities have accused the Baltimore resident – Ryan Farace – of laundering2,933 BTC between October 2019 and April 2021. Interestingly, the man was sent to jail in 2018 and has presumably executed the criminal activities from behind bars. ‘Xanaxman’ Dealing with Bitcoin Even from Prison According to The Baltimore Sun, officials of the...Read More
The US multinational corporation Intel Corp. has disclosed purchasing shares of America’s largest cryptocurrency exchange – Coinbase. The tech company, headquartered in Santa Clara, California, currently owns just a little over 3,000 COIN stocks. Founded in 1968, Intel Corporation is among the largest tech companies with revenue nearing $80 billion as of last year. According...Read More
The Elrond network is ready to launch the Maiar Decentralised Exchange (DEX), which recently begun the Chaos testing phase, opening the doors for the Elrond community to test, validate and improve the network’s resiliency and robustness. Already 1.72 Million Staked into Maiar Maiar has seen 1.72 million EGLD staked, and over 59,000 people have joined....Read More
After swiping more than $600 million in various cryptocurrencies, the anonymous PolyNetwork hacker has successfully transferred back most of the funds. He also rejected a $500,000 bounty offer and outlined plans to return all funds. CryptoPotato reported the record-setting hack earlier this week when PolyNetwork’s blockchain experienced a massive security breach. The anonymous perpetrator swiped...Read More
El Salvador’s decision to adopt BTC as a legal tender has rattled the cages in Central and South America. Argentina’s president was the latest to showcase support to some extent in a recent interview. Speaking to the local media outlet Caja Negra, Alberto Fernandez touched on the topic of digitalization and where the country stands...Read More
The Series A round was led by New York venture capital giant Union Square Ventures with additional participation from Redpoint Ventures. The VC firms join existing investors Dragonfly Capital and Multicoin Capital. The company detailed the plans to leverage the $8 million in new financing in order to hire more staff and expand the number...Read More
The battle to determine which will be the position of regulators towards the crypto industry is heating up in the United States. While some big-name politicians claim that the state has a duty to protect its citizens from the risks of an under-regulated industry, others equally influential claim that excessive regulation is driving investors away....Read More
