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Today in Crypto: Kenyan Police Reportedly Raided Worldcoin Warehouse, US FBI Issues Warnings About NFT Scammers, Curve Finance Offers a $1.85 Million Bounty to Identify & Convict the Hacker
7.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Kenyan Police Reportedly Raided Worldcoin Warehouse, US FBI Issues Warnings About NFT Scammers, Curve...
NFT Trader Hanwe Chang's Ingenious Move Nets $1.5 Million on Blur Marketplace – Here's What Happened
7.8.2023
An NFT trader that goes by the name Hanwe Chang has made 800 ETH, worth almost $1.5 million, after tricking a bot into buying his NFTs at elevated prices.
Writing on the social media platform X on this weekend, Hanwe Chang claimed that a bot was copying all of his NFT bids on Blur, a new...
Curve Finance rolls out a reward of $1.85 million to identify the attacker
7.8.2023
Curve Finance, along with other protocols, fell victim to a re-entrancy attack wherein they collectively lost more than $70 million worth of digital assets. The incident dates back to July 30, 2023, and the DeFi protocol has said that it was a software bug that was exploited by an attacker or there...
Curve Finance Offers Public Bounty of $1.85 Million to Identify Hacker
7.8.2023
Curve Finance, the troubled DeFi platform that lost over $60 million last week in an exploit, has announced a bounty of $1.85 million to anyone who can identify the exploiter.
In a Tweet Monday, the DeFi protocol noted that the deadline for the “voluntary return of funds” in the Curve Finance...
Bitcoin Cash is Going to Zero as BCH Price Drops 10% and This New XRP Coin is Approaching $1 Million – How Does it Work?
7.8.2023
Despite more than a month of serious downside price moves, Bitcoin Cash (BCH) has undertaken a magnificent +8.5% rally as holders attempt to trigger a consolidation level.
This comes following a -27% retracement for the leading altcoin since June 30, triggered by rejection from resistance from...
Crypto Exchange OPNX Bids to Take Over Hodlnaut in Singapore: Capital Injection of $30 Million Expected
7.8.2023
OPNX, a digital asset exchange created by the founders of failed hedge fund Three Arrows Capital, has proposed a takeover of the struggling crypto lender Hodlnaut.
OPNX has offered to inject $30 million worth of FLEX digital tokens into Hodlnaut to fund a partial creditor payout...
Binance Users Reach 150 Million, CZ Reveals
5.8.2023
Registered users of Binance have hit 150 million, the crypto exchange’s founder and CEO, Changpeng Zhao (CZ), announced on social media. The milestone has been reached despite increased regulatory pressure on the world’s largest trading platform for digital assets in the past few months. Crypto...
Navigating the Storm: Defi’s Precarious Position Amid a String of Exploits and Market Declines
4.8.2023
In the wake of July’s unprecedented wave of decentralized finance (defi) breaches, including Curve Finance’s staggering $62 million exploit, the defi economy has plummeted into a gloomy state. Hovering perilously close to dipping beneath the $40 billion threshold, the total value...
Charity-Focused Web3 Chimpzee’s Presale Heating Up Amid Exciting Airdrop Promotion - $1.1 Million Now Raised
4.8.2023
Thursday, 3rd of August - One of Web3’s most promising up-and-coming charity-focused projects, Chimpzee, is celebrating that it just hit $1 million in funds raised with a massive token airdrop.
The project, which has now raised more than $1.1 million via the sale of its native $CHMPZ token,...
Curve DAO is Going to Zero as CRV Price Keeps Falling with $100 Million Volume and XRP20 Just Raised $350,000 – Time to Buy?
4.8.2023
As crypto markets process the aftermath of the Curve DAO (CRV) exploit, price action has become dominated by downside momentum leaving desperate CRV bag-holders asking: Is Curve DAO going to zero?
The tumultuous price action comes following a smart contract exploit manipulated on July...
Social Media Bots Played Crucial Role in Inflating Value of FTX-Listed Crypto Assets, Report Finds
4.8.2023
New analysis from the Network Contagion Research Institute (NCRI) reveals that bots on the social media platform X (formerly Twitter) likely played a major role in amplifying the value of cryptocurrencies tied to the now-defunct FTX exchange and its sister firm Alameda Research. Social Media Bots...
Eco-Friendly Crypto Chimpzee Announces Airdrop After Raising $1 Million in Presale – 30 Hours Left Until Price Rise
4.8.2023
Climate change is no longer a distant, future threat; it is here, altering our world with rising sea levels, catastrophic wildfires, and record-breaking heatwaves. The urgency of this crisis calls for more than just acknowledgment—it demands robust climate activism. ...
Read More: Eco-Friendly...
This New AI Crypto Trading Signals Platform Just Raised $3.3 Million – Here's What You Need to Know
3.8.2023
With unpredictable fluctuations in financial markets, and especially in the crypto market, making informed trading decisions is an uphill battle. But there's a new player in the arena to help: yPredict.
The upcoming artificial intelligence (AI) trading platform uses advanced predictive models...
Abracadabra's Bold Move: 200% Interest Proposed on $18 Million Loan to Curve Founder Amidst Bad Debt Concerns
3.8.2023
Abracadabra Finance has put forth a proposal aimed to adjust interest rates to mitigate the risk of bad debt resulting from an $18 million loan to Curve Finance founder Michael Egarov.
The proposal suggests hiking interest rates on the loan to 200% on two specific pools known as "cauldrons,"...
USDT Issuer Tether Bought $45.4 Million Worth of Bitcoin in Q2 – Here’s What This Means for the BTC Market
3.8.2023
The issuer of the world’s most popular USD-pegged stablecoin USDT, Tether, bought 1,529 bitcoin (BTC) worth $45.4 million in Q2, as per comments by the company’s CTO cited by Bitcoin Magazine.
The purchase shows that Tether is following through on a plan announced back in May to allocate 15%...
Saudi Arabia Extends Oil Production Cuts, Further Irking US Officials
3.8.2023
Saudi Arabia announced it will continue limiting oil production through September, extending output reductions that have drawn criticism from Washington. Riyadh Holds Firm on Oil Output Limits Saudi Arabia said Thursday it will keep oil production nearly one million barrels per day below its quota...
Huobi’s Jun Du acquires 10 million CRV tokens to support Curve
3.8.2023
Du said the existing challenges were transitory and that he believes the industry would benefit from collective support
AI chip developer gets $100 million from Samsung and Hyundai
3.8.2023
The AI chip developing company Tenstorrent just closed a funding round worth $100 million which was led by manufacturing giants Samsung and Hyundai
Microstrategy Increases Bitcoin Holdings to 152,800 BTC — Plans to Buy More With $750 Million Stock Sales
3.8.2023
Nasdaq-listed Microstrategy has disclosed that it now holds 152,800 bitcoins, acquired for $4.53 billion. A total of 12,800 bitcoins were acquired in the second quarter. The company also revealed that it plans to buy more bitcoin with proceeds from sales of its common stock of up to $750 million....
Bitcoin Price Prediction as Billionaire Michael Saylor Makes Another $14 Million BTC Purchase – Time to Buy the Dip?
2.8.2023
On August 1st, the value of the popular cryptocurrency, Bitcoin, exceeded $29,000 and briefly even surpassed $30,000.
This surge was fueled by an increase in trading volume, as traders who had lost confidence in BTC in recent weeks re-entered the market.
As a result, trading activity soared to...