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Cream Finance Suffers USD 25M Flash Loan Attack
30.8.2021
Decentralized finance (DeFi) project Cream Finance (CREAM) confirmed that they've suffered an exploit today.
"C.R.E.A.M. v1 market on Ethereum has suffered an exploit, resulting in a loss of 418,311,571 in AMP and 1,308.09 in ETH, by way of reentrancy on the AMP token contract," the team...
Man Sues Parents Of Boys Accused Of USD 780K Bitcoin Heist
27.8.2021
A US citizens is suing the parents of two then-minors who had allegedly stolen three quarters of a million dollars worth of bitcoin (BTC) some three years ago.
In 2018, US citizen Andrew Schober was robbed of BTC 16.4, with a current value of about USD 780,000. In 2021, the victim claims...
Bitcoin and Ethereum Attempt Recovery, BNB Nears USD 500
26.8.2021
Bitcoin price extended its decline below the USD 47,500 support zone. BTC tested USD 47,200 before it started a fresh upward move. It climbed above USD 48,500, but it is currently (04:00 UTC) struggling to continue higher.
Similarly, most major altcoins are attempting a fresh increase. ETH tested...
USD ‘Going Down’ Says Crypto-Skeptic Billionaire Who Called BTC a ‘Lie’
25.8.2021
Jeffrey Gundlach. Source: A video screenshot, Youtube/Real Vision Finance
A prominent Wall Street billionaire known as the Bond King, a man who once called himself a “long-term dollar bear,” has launched a scathing attack on the USD. The DoubleLine Capital boss Jeffrey Gundlach opined that...
Covesting Strategy Manager Makes 1M USD For Followers In Latest Feat
25.8.2021
Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.
Word is making its way around the cryptocurrency community that a top Covesting strategy manager has made their followers more than 1 million USD, and the sum is still climbing. Here...
MicroStrategy Spends Another USD 177M on Bitcoin
24.8.2021
The first publicly-traded company to put bitcoin (BTC) on its balance sheet as a primary treasury reserve asset, US-based software intelligence firm MicroStrategy, announced yet another purchase of bitcoin.
This time, the company acquired BTC 3,907 for approximately USD 177m in cash at an average...
USDC to consolidate reserves into cash and US treasuries
24.8.2021
Coinbase president Emilie Choi expects USDC’s updated reserves policy to be in full effect by September
Bitcoin and Ethereum Remain Supported, BNB Rallies To USD 500
23.8.2021
Bitcoin price started a fresh increase above the USD 48,000 resistance. BTC even surpassed USD 50,000 and tested USD 50,500. It is currently (11:45 UTC) consolidating gains near USD 50,000 with a major support at USD 49,200.
Similarly, most major altcoins are trading in a bullish zone. ETH spiked...
Trouble in AUD/USD Heighten After PMIs Record a Dip
23.8.2021
The fresh PMI outlook: Monday’s session started with the Australian dollar responding to a new set of economic data. The performance is coming in after a weak performance of the Australian dollar in the previous week. The PMI data that Markit International released on Monday morning shows...
Bitcoin (BTC) Crosses the $50k Psychological Mark
23.8.2021
Bitcoin has been considered digital gold since the very beginning because of its scarcity and durability. Bitcoin has a huge potential to move upwards and even realize the long-term targets of $100,000 that experts have presented for this cryptocurrency since 2016. The environmental impact of using...
American Regulators Could Be Set to Poop Bitcoin USD 50K Party
23.8.2021
Bitcoin (BTC) may have broken through the key USD 50,000 barrier, but crypto investors might be wise to keep their champagne on ice – with United States politicians and regulatory bodies possibly gearing up to the crash the celebrations later this week.
The token is now trading just over USD 50,000...
Bitcoin Reclaims USD 50K, Ethereum and Cardano Gain Strength
23.8.2021
Bitcoin price formed a support base above the USD 47,000 and USD 48,000 levels. As a result, BTC started a fresh increase above USD 49,500. There was a clear break above USD 50,000 and the price is currently (04:00 UTC) showing a lot of positive signs.
Similarly, most major altcoins are gaining...
Integrated DeFi Hub OpenSwap Raises 1.5M USD in Latest Funding Round
23.8.2021
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Hong Kong, Hong Kong, 23rd August, 2021,
OpenSwap, the interchain DeFi Hub and liquidity booster for traders, has raised $1.5 million in its latest funding round.
Led by prominent VC firms NGC Ventures...
Digital Yuan May Prompt CBDC-to-CBDC Exchanges, Hurt USD Status - Chainalysis
20.8.2021
As the Chinese government clamps down on decentralized cryptocurrencies and seeks to launch its own central bank digital currency (CBDC), the digital yuan, industry observers believe the move could pave the way for the launch of CBDC-to-CBDC exchanges. At the same time, the digital yuan and other...
Coinbase Plans to Spend More of its Cash on Crypto After USD 500M Buy
20.8.2021
Source: AdobeStock / photo_gonzo
The crypto exchange giant Coinbase has stated that it wants to spend even more of its profits on buying cryptoassets – but has admitted that its plans will hinge on the sector’s growth prospects.
The company and its CEO Brian Armstrong were speaking after Coinbase...
DASH Faces a Tug of War at the Long-Term Resistance of $215
19.8.2021
Dash was launched in 2014, which is roughly five years from the launch of Bitcoin. It was developed with a maximum supply limitation of 18.9 billion and follows the same proof algorithm as Bitcoin, called the proof of work. Furthermore, one needs to mine dash using commutation power to generate...
Avalanche Announces a $180 M Liquidity Mining Program: Avalanche Rush
19.8.2021
Avalanche Rush plans to bring a blue-chip DeFi app to Avalanche. It is planning to launch two protocols- Curve and Aave. The Avalanche Foundation has recently announced a $180 liquidity mining incentive called Avalanche Rush. In addition, it is planning to introduce additional assets...
Bitcoin and Ethereum Struggle While Cardano Rallies Above USD 2
19.8.2021
Bitcoin price started a downside correction below the USD 45,500 support. BTC even broke the USD 45,000 level and extended its decline. It is currently (04:00 UTC) trading well below USD 45,000, and it could extend losses below USD 44,000.
Similarly, most major altcoins are slowly moving lower....
Utopia P2P Introduces Anonymous USD Stablecoin Backed by DAI
18.8.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
Utopia, a decentralized, peer-to-peer ecosystem, the development of which was begun covertly in 2013 and released officially in November of 2019, providing access to secure and surveillance resistant...
Financial Warfare: Afghan Central Bank’s $10B Confiscated by US, Biden Halts USD Shipments to Afghanistan
18.8.2021
The war in Afghanistan has been an extremely long conflict since the United States invaded the country in 2001, in order to drive the Taliban from power. After a messy exit, the U.S. occupation in Afghanistan has been compared to mistakes made during the Vietnam War. Now that U.S. forces have left...