The theft of $620 million in cryptocurrency, related to the bridge hack against the Ronin Network on March 23th, is the latest cybercrime committed by Pyongyang to fund its domestic programs, claimed the FBI. North Korea Responsible for the Ronin Network Hack The FBI issued a statement on Thursday, indicating that cyber actors APT38, also...Read More
On April 12, 2022; Virgil Griffith, a former developer at the Ethereum Foundation, was sentenced to more than 5 years in prison on the charge of conspiracy, after traveling to Pyongyang in 2019, in violation of the international sanctions framed under The International Emergency Economic Powers Act imposed by the government of the United States...Read More
Asset manager IDEG has unveiled Ethereum Enhanced Portfolio as part of its new TIMES suite of products with Coinbase Prime as its strategic partner. The new fund will be part of the “TIMES” suite of products, which stands for – Trust, Interest, Mining, Yield Earnings, and Structured Solutions. TIMES Suite of Products The new actively...Read More
As Ethereum approaches its long-awaited transition to proof of stake, developers have launched the mainnet’s first “shadow fork”. Its purpose is to stress-test existing assumptions about testnests and the mainnet. Preparing for the Merge According to Ethereum Foundation Developer Parithosh Jayanthi, the fork adds merge related fields to the configs of existing testnets. “In doing...Read More
Of late the crypto market is submerged into a bearish pull with Bitcoin retracing below $42,000. This has forced other altcoins too to follow Bitcoin. The global cryptocurrency market capitalization has drastically fallen below $2 trillion positioning at $1.88 trillion with a fall of 4.63% over the last 24hrs. Where Is Bitcoin, Ethereum & Ripple...Read More
PayMaya – one of the leading digital financial services platforms in the Philippines – rolled out a cryptocurrency feature on its app, allowing customers to deal with bitcoin and altcoins. The initiative aims to educate locals about the merits of the asset class and grant them access to it. PayMaya Enters the World of Crypto...Read More
For a long time, Ethereum has been struggling to break between the $3,525 and $3,530 resistance levels. In recent days, the altcoin did reach $3,525 and began retracing. The price also fell below the support level of $3,450, $3,420, and $3,400 before dropping below $3,300. At press time ETH price is changing hands at $3,335...Read More
After years of bashing the cryptocurrency industry, the Wall Street behemoth has started numerous such initiatives in the past several months. The latest, reported by Bloomberg, reveals the bank’s intentions to roll out OTC ETH options trading due to enhanced client demand. Citing Andrei Kazantsev, Goldman’s head of crypto trading, the coverage informed that the...Read More
There has been some activity on the blockchain address that was flagged as being involved in the hack on the Axie Infinity Ronin bridge last month. There have been several transactions over the past couple of hours from the suspect Ethereum address. The first was the movement of 1,000 ETH valued at approximately $3.5 million...Read More
The former BitMEX CEO explained to his readers why 2022 will be a big year for Ethereum. He considers that the network – after the transition to proof-of-stake consensus – will function as a commodity-linked bond. In contrast, the former CEO called BTC “pure money” that intrinsically “yields nothing.” Hayes sees Ethereum as an investment...Read More
The global crypto market has struggled to maintain stability as the scenario shifts on a regular basis. The market has been volatile in recent weeks, in contrast to the prior few weeks. On the daily chart, Ethereum (ETH) had broken through the $3,521 barrier before hitting reverse. The surge has been accompanied by an increase...Read More
After breaking out of the symmetrical triangle, the price of Ethereum signals a bullish future. ETH must overcome several obstacles before reaching major levels, despite its optimism. ETH Price Analysis Between the 24th of January and the 27th of March, the price of Ethereum formed a symmetrical triangular pattern. Three lower highs and four higher...Read More
The cryptocurrency-focused financial services company led by Michael Novogratz – Galaxy Digital Holdings – announced it will acquire the digital asset custodian BitGo between now and October 2022. Initially, the move was planned for the first quarter of the year. Delaying the Acquisition In May last year, Galaxy Digital agreed to purchase BitGo for approximately...Read More
The cryptocurrency market is closing the first day of April on a bearish note as most of the cryptocurrencies are expressing downfall. The crypto space was in a mood to rejoice as over the last few weeks these currencies were on green candles. Bitcoin, the world’s largest cryptocurrency by market capitalization, is facing a rejection...Read More
Given the total addressable market for digital on-chain transactions is far bigger than the current DeFi market size, worth around $200B, Grayscale said DeFi protocols powered by smart contracts are still being undervalued. The current capital markets alone are 500x more than the DeFi market, Grayscale outlined. In addition, NFT-associated transactions and Metaverse-related applications could...Read More
Shiba Inu’s all-new metaverse program could compete with established players such as Decentraland. The team behind Shiba Inu (SHIB) has unveiled the much-talked virtual reality project “SHIB: The Metaverse.” Instead of SHIB, the developers have picked ETH as a land pricing token. “SHIB: The Metaverse” As per the latest blog post, the metaverse will have...Read More
Ronin Network, a critical bridge chain that powers Axie Infinity, was attacked, and this resulted in in a loss of 173,600 Ethereum and 25.5M USDC, equivalent to over $600M. Since the breach occurred on March 23rd, the stolen funds have flowed into FTX, Huobi, and CryptoCom, which have all vowed to take actions to trace...Read More
After becoming the home of multiple digital asset companies in the past few months, Dubai wants to enhance crypto adoption through other tactics. This time, a local school reportedly said it wants to start accepting digital asset payments as tuition fees. School in Dubai to Accept Crypto? According to the Zawya report, parents in Dubai...Read More
One of the largest derivatives trading platforms has indeed proceeded with releasing options on Micro Bitcoin and Micro Ether futures, as promised earlier this month. The company outlined the growing investor demand for such products as the main reason behind the launch. CryptoPotato reported earlier in March CME Group’s intentions to launch options on Micro...Read More
Over the last weekend, short positions in the crypto market have jumped where they are expecting consolidation after the market’s latest rally. The total market capitalization has surged 12% in the last seven days and is currently positioned at $2 trillion with an increase of more than 4% in the last 24hrs. The current positive...Read More
Following a solid week, Bitcoin continues to lead other cryptocurrencies on a bullish attack into the weekend. Bitcoin’s daily candle closed at $44,340 on Friday, after briefly touching $45,000 on Saturday. The price has been on a bullish trajectory since Monday last week, with only a slight correction last weekend after the price reached $42,000....Read More
The number of large banking organizations opting in the digital asset industry continues to expand, with the latest example coming from Bank Leumi. The organization has partnered with blockchain company Paxos to provide Bitcoin and Ethereum trading services. Bank Leumi to Enter the Crypto World? Reuters reported on March 24 that Bank Leumi – the...Read More
With Ethereum 2.0’s (Consensus Layer) merge just around the corner, more and more businesses and institutions are looking to get into Ethereum staking. Of course, this feature became available in late 2020 on the Ethereum network as the first drop in a series of updates to help transition Ethereum from Proof-of-Work (PoW) to Proof-of-Stake (PoS)....Read More
MyEtherWallet (MEW) integrated the crypto startup MoonPay as its on/off ramp partner for users across all platforms. The initiative should provide customers with additional access to the Ethereum blockchain. MEW and MoonPay Shake Hands According to a document seen by CryptoPotato, the collaboration between the two entities aims to reduce the barriers of entering the...Read More
The co-creator of Ethereum, Vitalik Buterin, is somewhat known for his strong opinions on matters related and unrelated to cryptocurrencies. Recently, he’s been featured in a TIME Magazine interview that had the entire crypto world buzzing. Vitalik Buterin on BAYC Hype People who’ve been following the crypto space for more than a few months must...Read More
The crypto market has started off the week, in a rather sluggish way. BTC fails to make further gains but is holding ground above $41K. ETH too is trying to inch towards $3K resistance level. Most other coins follow the same trend. The charts show that Bitcoin (BTC) and Ethereum (ETH) are about to end...Read More
Sophie Gilder – Head of Blockchain and Digital Assets at Commonwealth Bank of Australia (CBA) – revealed that the financial institution could start offering more cryptocurrency services to clients. She further disclosed that the organization seeks to double the size of its blockchain team in the months to come. ‘Crypto is Here to Stay’ Australia...Read More
Ethereum has officially burned more than two million ETH via the EIP-1559 upgrade implemented last year. The biggest on-chain gas burner on the Ethereum network is the leading NFT marketplace OpenSea, followed by ETH transfers. Other gas guzzlers include Uniswap, StrongBlock, Tether, etc. Ethereum Burning According to the latest stats in Watch the Burn, the...Read More
The folks from the cryptosphere holding onto the second-largest crypto asset Ethereum, have been in talks of Ethereum’s burn feat. As the protocol’s total burn count surpasses the 2 Million milestone, that tallies to a whooping ~$5.8 Billion. On the other hand, the amount of ETH held in crypto exchanges falls to its lowest level...Read More
Li Finance (LiFi) became the latest victim of cyber-attackers, with nearly $600,000 worth of cryptocurrencies stolen from 29 wallets. Shortly after, the team published a post explaining the issue and promised to reimburse all affected users. LiFi Falls Victim to a DeFi Hack The blockchain protocol explained that the attack occurred on March 20, 2022,...Read More
