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Poly Network Got Robbed of More Than USD 600M
10.8.2021
Interoperability protocol Poly Network has confirmed that it has suffered a major exploit - loosing at least USD 600.3m of its funds.
The protocol announced that it got attacked on Binance Smart Chain (BSC), Ethereum (ETH), and Polygon (MATIC).
"We call on miners of affected blockchain...
LyraDAO Obtains $1m From SynthetixDAO
10.8.2021
LyraDAO finally announced securing a generous contribution of $1M from SynthetixDAO. Since the introduction of DAOs, along with NFT and DeFi projects, Synthetix has become a pioneer of DeFi by operating its multibillion-dollar protocol of deploying DAOs. Lyra is new to the industry of DAOs, and...
DAO-led DeFi Hub, NearPad, Announces 2M USD Seed Raise
10.8.2021
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
NearPad, the DeFi hub on NEAR’s layer 2 protocol - Aurora, has announced the successful close of its 2M USD seed round. The raise was led by NGC with participation from leading backers in the blockchain space...
Bitcoin Rallies Above USD 45K, Ethereum Reclaims USD 3K
9.8.2021
Bitcoin price remained well bid above the USD 43,000 support zone. As a result, BTC started a fresh increase above the USD 44,500 and USD 45,000 resistance levels. It is currently (12:14 UTC) showing positive signs and there are chances of more upsides above USD 46,500.
Similarly, most major...
Why Jack Dorsey’s Square Paid USD 29B for Afterpay
8.8.2021
Jack Dorsey. Lien Duong, Senior Lecturer in School Accounting of Accounting, Economics and Finance, Curtin University, Sonny Pham, Senior Lecturer in Computer Science, Curtin University.
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The AUD 39bn (USD 29bn) that Twitter founder Jack Dorsey’s digital payments company Square is paying...
Bitcoin Tests USD 45K, Ethereum Above USD 3K, Dogecoin Rallies
8.8.2021
The crypto market continued its rally on Sunday, with bitcoin (BTC) surpassing USD 45,000 for the first time since May and ethereum (ETH) inching higher above USD 3,000. Meanwhile, dogecoin (DOGE) is the best performing coin among the top 100 cryptoassets today.
At 09:34 UTC, BTC trades at...
7 NFT Markets Saw Over $356M in Monthly Value Transferred — Opensea, Axie Infinity Eclipse Competition
8.8.2021
The quantity of monthly USD value transferred from seven leading non-fungible token (NFT) marketplaces has reached a total of $356 million during the first week of August. Currently, the project Cryptopunks is leading the pack when it comes to NFT project sales. Meanwhile, the marketplace Opensea...
Ethereum Burning Thousands of USD a Minute, While Miners Face the Change
6.8.2021
Following its latest and highly-anticipated network upgrade, Ethereum (ETH) is currently burning some USD 8m worth of ETH per day, and has already burned nearly USD 12m. Meanwhile, there seems to have been plenty of confusion among miners on the first day.
A total of ETH 4,260 have been burned...
Bitcoin Is Resilient to Break the $42,000 Resistance
6.8.2021
Bitcoin traders are back in action and this time with an arsenal of volume at their back. BTC price has to cross the $42,000 levels to remain in the bullish sentiment, but we witnessed a sudden and consistent fall from the level to $38,000. Bitcoin has the fundamental potential and buyer sentiment...
Huobi Stablecoin Issuer Publishes Attestation Reports Tied to HUSD Reserve Backing
6.8.2021
The crypto financial services company Huobi and the firm’s stablecoin issuer Stable Universal have published monthly HUSD attestation reports. The audits indicate the funds that back Huobi’s stablecoin are kept in cash in U.S. money market accounts in order to ensure the 1:1 ratio with...
South African Start-Up Aims To Shield Merchants From Crypto Price Swings
5.8.2021
While opponents of cryptocurrencies continue to peddle the environmental damage or the terrorism funding narrative, users from countries where the majority is financially excluded see these as a breakthrough innovation. Crypto Utility Inspires Volatility Solutions For instance, to undocumented...
DACH Funds May Inject USD 657B In Digital Assets Within 3 Years - Report
4.8.2021
Source: AdobeStock / by-studio
Within three years, between USD 100bn and USD 657bn could be injected into the digital asset market from the DACH region which comprises the German-speaking countries of Germany, Austria, and Switzerland, according to a report released by Russian tech-focused think...
Circle and Unstoppable Domains to introduce username-based USDC payments
4.8.2021
USD Coin holders will soon be able to transfer the stablecoin via human-readable addresses across supported wallets and crypto exchanges
Velas Launches 5 Million USD Funding Program
3.8.2021
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Press Release: Velas is proud to announce the launch of a 5 million USD funding program to support the growth of the Velas ecosystem and expand our reach in the new Web 3.0 epoch
3rd August, 2021,...
Dorsey’s Square Strikes Afterpay USD 29B Deal, Teases Bitcoin Role
2.8.2021
The Twitter boss Jack Dorsey’s crypto-keen payments venture Square has agreed a USD 29bn all-stock deal to buy the Australian buy now, pay later player Afterpay – in a merger that some believe will “create a global transactions giant.”
Square, which last month revealed it is working on a hardware...
On Monday, Managers of USD 2trn Get Access to Crypto + More News
30.7.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Investments news
Starting Monday, 4,000 of Germany’s Spezialfonds will be allowed to invest up to 20% of their portfolios in cryptoassets....
IOTA is on the Verge to Retest the $1 Resistance
30.7.2021
IOTA has been popularly known because of its potential and aspirations to combine the Internet of Things with blockchain networks. Leaving aside the technicalities of this blockchain and its cryptocurrency, let’s dive deeper into the analysis of IOTA’s price action and possible movements....
US Tax Bill Seeking USD 28B From Crypto Clears 1st Test, Amid Strong Criticism
29.7.2021
A US bipartisan infrastructure bill that might raise USD 28bn from crypto investors has been voted to advance, with a number of crypto industry insiders strongly opposing it.
The US lawmakers are looking into tightening the regulatory rope around crypto to squeeze more money out of the sector...
Bitcoin Accelerates Above USD 40K, XRP Rallies
28.7.2021
Bitcoin price started a strong increase this week above the USD 32,000 and USD 35,000 resistance levels. BTC is showing positive signs, but it must settle above USD 40,000. If there is a daily and a weekly close above this level, the bulls might aim for an increase towards USD 45,000 in the coming...
Bybit Contributes $19.3M in ETH, USDC & USDT to BitDAO
28.7.2021
To make any sector grow, finance is the backbone. So is true for the Decentralized Finance sector as well. Even though it may not deal with the requirements of any tangible goods or raw materials, the presence of digital assets, i.e., cryptocurrencies itself, stands testimony to date for the growth...