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DeFi Loses USD 140M in a Few Hours as bZx Suffers Another Exploit


Assets locked in DeFi (decentralized finance) have dropped more than USD 142 million in a few hours as DeFi platform bZx suffered yet another attack. Just four days ago, somebody exploited a vulnerability in tokenized margin trading and lending platform bZx, and now the reports are coming out that...

Whale Rakes in USD 9 Million as Bitcoin Market Slides


Source: iStock/Marie-Elizabeth Mali After a highly volatile weekend in the bitcoin (BTC) market, news came out on Sunday that a large trader on the popular crypto exchange Bitfinex may have raked in USD 9 million in a matter of minutes as the BTC price dropped. Judging from a screenshot of...

Troubled FCoin Goes Bust Leaving Up to USD 116 Million in Limbo


Source: iStock/Lisa-Blue Troubled Chinese crypto exchange FCoin expects that "the scale of non-payment is between 7000-13000 BTC" (USD 62.5 million - USD 116 million) after it run into troubles last week. As reported, on February 12, the exchange stated that they lost "contact of key personnel...

Crypto Lending Startup BlockFi Raises USD 30M, Plans Singapore Office


Zac Prince, co-founder of BlockFi. Source: a video screenshot, Youtube, Bitcoin Archives Following the millions raised in the series A funding, major U.S.-based cryptocurrency lending startup BlockFi sees almost 64% more in funding just six months later. Also, they're about to open a Singapore...

USD Coin Issuer Circle Sells Another Business + More News


Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. M&A news Voyager Digital Canada, the operator of U.S. digital asset broker Voyager and the Ethos Universal Wallet, said it...

Bitcoin Predicted to Continue Higher After Breaching USD 10k


After bitcoin (BTC) forcefully broke through the USD 10,000 mark on Sunday, followed by a flash-crash down to USD 9,700 on Monday morning, analysts now predict that even larger gains may lie ahead for the number one digital asset. While the short-lived sell-off seen in the early hours of trading...

Bitcoin Exhibits a Bullish Signals; BTC/USD Trades Above $9.7k


Bitcoin, at the time of writing this article, was trading with a bullish crossover above $9,000 The price trend of BTC seems to take a rising turn as per the current momentum and pattern which is confirmed from the parabolic pattern that it is reforming Further, BTC/USD move is likely to have...

Rewards-to-Crypto Plan May See Billions of USD Converted Into Bitcoin


If the Cryptoverse is lucky, a new app could see billions of American rewards points converted into cryptocurrencies, such as bitcoin (BTC). “The legacy payments infrastructure is ripe for disintermediation,” Jeff Sprecher, founder and CEO of Bakkt operator Intercontinental Exchange (ICE) told...

Major DeFi Milestone: Total Value Locked Hit USD 1 Billion


We have been reporting for a while now about the massive growth the DeFi (decentralized finance) ecosystem is experiencing, and today, the Cryptoverse saw another major milestone reached - total value locked in DeFi surpassed USD 1 billion, before dropping below this threshold again. The total...

Kyber Network Expects to Surpass USD 500 million in Volume This Year


Kyber Network (KNC), an open-source, on-chain liquidity protocol, expects to facilitate over USD 500 million in transaction volume in 2020, or 29% more than last year, Loi Luu, CEO and Co-Founder of Kyber Network, told Cryptonews.com. According to the CEO, Kyber facilitated USD 70 million worth...

Celsius CEO Gives 3 Reasons Why Bitcoin Might Reach USD 30K in 2020


Alex Mashinsky. Source: a video screenshot, Youtube, Nasdaq Bitcoin (BTC) may be standing between USD 20,000 and USD 30,000 by the end of this year, Alex Mashinsky, CEO of major crypto lender Celsius, predicted. What would lead to BTC to more than doubling its current price and potentially...

North Korea ‘Used LinkedIn, Telegram’ in USD 7m Crypto Exchange Hack


A report claims that the infamous North Korean hacking group Lazarus used LinkedIn and Telegram messages as part of a raid that saw it make off with some USD 7 million from Singapore-based exchange DragonEx in March 2019. Per Radio Free Asia, which quoted data from the Chainalysis 2020 Crypto Crime...

Over Million USD Bets Placed on Ethereum Reaching USD 600 by March


Significant financial bets in the form of ethereum (ETH) call options have been seemingly placed by a trader or group of traders who are going in big in the hopes that ETH will exceed USD 600 before the end of March, just two months from now. As of pixel time (12:21 PM UTC), ETH is trading at about...

Hack this Bitcoin Wallet and its Owner Will Give You USD 250,000


If you’ve got high-level IT skills and fancy making a cool USD 250 thousand, one company wants to hear from you. All you need to do is break into their crypto wallet – and make away with thousands of dollars’ worth of Bitcoin. But the firm says the task won’t be an easy one, as they believe...

Bitcoin Plays With USD 9,000, While Virus Fears Weigh on Stocks


Bitcoin (BTC) is once again trading around USD 9,000, while the risk-off sentiment has hit stock markets across the globe hard in recent days. At pixel time (10:35 UTC), BTC trades at c. USD 9,010 and is up by 4% in the past 24 hours and the past week. Earlier today, the price reached USD 9,100...

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