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Bitcoin Tests USD 48K, Ethereum Steadies While DOGE Rallies


Bitcoin price found support near USD 45,000 and started a fresh increase. BTC surpassed the USD 46,500 and 47,000 resistance levels and even spiked above USD 48,000. It is currently (04:00 UTC) consolidating gains and is trading well above USD 47,000. Similarly, most major altcoins are trading in...

Web3 Advertising Protocol Parami Seals 3M USD To Boost User Privacy


Disclaimer: The text below is a press release that was not written by Cryptonews.com. Beijing, China, 13th August, 2021, Web 3 Advertising protocol, Parami Protocol successfully completed a 3 million USD funding round to boost the privacy of data on blockchains and Web 3.0 applications....

Bitcoin Hurdles Over the $47K Zone, Crypto Economy Nears $2 Trillion


The price of bitcoin jumped over the $47K handle on Friday afternoon and at 4:15 p.m. (EDT) the price tapped $47,929 per unit. Bitcoin has jumped over 8% today and is more than 45% up over the course of the last month. Bitcoin’s Value Jumped 45% Last Month The crypto economy grew to around...

XRP Reclaims $1 Mark: Is It Going To Explode?


XRP has been consistently making new highs with each swing, but we expect the price valuation to far exceed the $2 hype that has been created in the market. XRP has been developed to ease the transaction process by converting one currency into another with the least possible transaction fees...

Bitcoin and Ethereum Try to Recover, ADA Nears USD 2


Bitcoin price failed to extend gains above the USD 46,500 resistance. BTC started a downside correction below USD 45,500 and USD 45,000. However, it found support near USD 44,000 and it is currently (04:35 UTC) recovering losses. Besides, most major altcoins are trimming losses. ETH dived towards...

New Crypto Unicorn, DAO Hack, Police Seize USD 9.5M in Ethereum + More News


Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. ____ Investments news Crypto tax and accounting software maker TaxBit has raised USD 130m in a Series B round led by venture firms IVP and Insight...

Bitcoin and Ethereum Dip, XRP Holds Near USD 1


Bitcoin price failed to clear the USD 46,500 resistance zone. As a result, there was a bearish reaction below USD 46,000. BTC is currently (12:14 UTC) showing a few bearish signs below USD 45,000, with a decent support at USD 44,500. Besides, most major altcoins are still trading in a positive...

Poly Network Hacker Keeps Sending Funds Back, Returns USD 342M


The hacker of the decentralized finance (DeFi) interoperability protocol Poly Network has returned more than half (in USD terms) of the stolen funds so far. Per the latest data provided by Poly Network, as of August 12, almost USD 342m of assets has been returned. This includes: On Binance Smart...

Bitcoin and Ethereum Lack Momentum, XRP Tests USD 1


Bitcoin price is stuck in a range above the USD 45,000 support zone. BTC seems to be facing a strong selling interest above USD 46,500. It is currently (05:34 UTC) consolidating near USD 45,000. Most major altcoins are also correcting gains. ETH spiked above USD 3,250 and it is now consolidating...

ReSource Finance Raises 1.7M USD Offering Undercollateralized Credit


Disclaimer: The text below is a press release that was not written by Cryptonews.com. San Francisco, United States, 12th August, 2021, Decentralized credit protocol, ReSource Finance completed a 1.7 million USD funding round led by Future Perfect Ventures, NGC Ventures, and ExNetwork to enhance...

DeFi History Books Records The Largest Exploit to Date Worth $600 Million


A historic hack has been making airwaves within the community, plagued by tons of exploits, and now has recorded the biggest ever. Poly Network exploits across three chains saw both Decentralized Finance and the largest hack co-occurring. Shockwaves crippled the crypto world as the news made...

BitMEX Wants to Expand Capacities After Paying USD 100M to US Regulators


Major crypto derivatives platform BitMEX has seen a resolution of its row with the US regulators, which its CEO said “will only accelerate [their] evolution.” However, with criminal charges still hanging over its founders, BitMEX will need to have independent consultants investigate its transaction...

Poly Network Exploiter Starts Returning the Funds, Gives Back USD 1M


The hacker of the decentralized finance (DeFi) interoperability protocol Poly Network, that just lost over USD 600m, first asked the protocol for a multi-signature (multisig) wallet to return the funds - and has started returning it. So far, the hacker returned USD 1.007m, per Polygonscan data....

Circle Intends to Become a Full-Reserve National Commercial Bank


Circle, a cryptocurrency fintech services company, announced it intends to become a full-reserve national commercial bank. This would bring a set of responsibilities and duties to the company equal to those of other mainstream banks: having to report to the Federal Reserve, U.S. Treasury, OCC,...

Justin Sun Ventures Into GameFi Projects With USD 300M TRON Arcade Fund


Tron (TRX) and its partners said they have established a USD 300m fund called TRON Arcade, which will invest in and incubate GameFi projects over the next three years. GameFi ('gaming' + 'DeFi') is described as the gamification of monetary mechanisms that make earning profits an "exciting...

Poly Network Got Robbed of More Than USD 600M


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


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


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...

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