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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...

Bitcoin Rallies Above USD 45K, Ethereum Reclaims USD 3K


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


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. ___ 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


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...

Ethereum Burning Thousands of USD a Minute, While Miners Face the Change


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...

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