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Crypto Firm Freeway Updates Community, Says Trading Strategy ‘Failed’ and ‘Caused a Substantial Loss’
27.10.2022
Four days ago, the crypto rewards platform Freeway.io, formally called Aubit, halted withdrawals on October 23 after citing it was protecting the firm’s portfolio from “market fluctuations and volatility.” Two days later, the team updated the community and explained on Tuesday that “one...
Meta’s Reality Lab division suffers $3.7B loss in Q3
27.10.2022
Meta’s concerns have been surging for a while as the company notes another big blow. Reality Lab, Meta’s metaverse branch, recently disclosed facing 3.7 billion dollars in losses during 2022 Q3. The VR and AR operations department has experienced losses while trying to elevate...
Halo Devs Team Up To Make Master Chief Prosthetics For Kids With Limb Loss
19.10.2022
Halo developer 343 Industries announced on October 18 that it will expand its partnership with Limbitless Solutions, a nonprofit that creates free custom prosthetics for children with limb loss, which it initiated in 2018. In addition to its existing prosthetic collaborations, a Master Chief...
TempleDAO exploit results in $2M loss
11.10.2022
The hack was allegedly caused by “a missing onlyMigrator check.”
Nifty News: IHOP bamboozles crypto users with 'NFT’, Logan Paul’s NFT falls to $10 and more
11.10.2022
The YouTube star's huge loss on his NFT has been bumped up by a measly bid after he shared how much it had dropped in value since his purchase last year
First Mover Americas: Bitcoin to Post Sixth Straight September Loss, but LINK and UNI Manage Gains
30.9.2022
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 30, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Mature Bitcoin Wealth Taps an All-Time High — Diamond Hands Trend Highlights ‘Refusal to Spend’
27.9.2022
After bitcoin neared $25K roughly 44 days ago, the crypto asset’s price has lost more than 17.88% in value against the U.S. dollar. Onchain analysis from researchers at Glassnode details that the price drop has placed short-term holders into “severe unrealized loss.” Long-term...
Vietnam Crypto Miners Complain About Losses From Ethereum’s Merge
19.9.2022
Miners in Vietnam have expressed grievances over the loss of business following Ethereum’s transition to a consensus mechanism that does not require the energy-intensive computing they were providing. Many are in trouble, local media reported, quoting entrepreneurs and mining enthusiasts....
Zircon Finance launches mainnet to mitigate impermanent loss on Moonriver
15.9.2022
Impermanent loss relates to a condition wherein investors end up losing assets they had previously dedicated to providing liquidity to a liquidity pool
500,000 DAI From DAO Maker Exploit Was Sent Through Tornado Cash, Security Analysts Report
9.9.2022
On September 8, the crypto security and smart contract auditing firm Certik revealed that 500,000 DAI was sent through the Tornado Cash mixing platform after the funds were stolen in August 2021. The digital assets originally stemmed from the DAO Maker breach that saw the loss of more than...
Apple Shielded From Crypto Wallet App Lawsuit, Judge Rules
8.9.2022
A federal judge in California has ruled that Apple Inc. is shielded from the “Toast Plus” class action lawsuit where a fake crypto wallet app was available in the Apple App Store. A customer sued the tech giant after downloading the fraudulent app and lost some crypto. Apple...
ShadowFi Exploit Allows $300k Liquidity Drain, Massive Cryptocurrency Loss
6.9.2022
ShadowFi tweeted about the cyber attack. Hackers made an attack on DeFi systems possible by a crypto-private effort known as ShadowFi. A prominent blockchain security firm, Peckshield, sounded the alarm and revealed the exploitation cost around $300,000....
Read More: ShadowFi Exploit Allows $300k...
ShadowFi Exploit Allows $300k Liquidity Drain, Massive Cryptocurrency Loss
6.9.2022
ShadowFi tweeted about the cyber attack. Hackers made an attack on DeFi systems possible by a crypto-private effort known as ShadowFi. A prominent blockchain security firm, Peckshield, sounded the alarm and revealed the exploitation cost around $300,000....
Read More: ShadowFi Exploit Allows $300k...
New fix for curse of Impermanent Loss proposed on Avalanche
24.8.2022
Trader Joe says its "Liquidity Book" will mitigate the impermanent loss "suffered by so many liquidity providers on other DEXs" during times of market turbulence
Bitcoin addresses in loss hit 1-month high as BTC price retests $21K
23.8.2022
There are now more than 17.5 million Bitcoin wallets underwater with little faith in a rebound coming from analysts in the face of a surging dollar
Crypto Lender Nexo Sues Former Director Over $7.9M Trading Loss: Report
17.8.2022
Cryptocurrency lender Nexo is taking legal action against its former director, Georgi Shulev, on claims that he failed to keep his side of a settlement agreement
Crypto Economy’s Top Privacy Coins Take a Hit After US Government Banned Tornado Cash
15.8.2022
Following the U.S. government prohibiting the use of the ethereum mixing service Tornado Cash, the crypto economy’s top privacy coins lost more than 8% in USD value the following evening after the ban announcement. The top privacy coins like monero and zcash managed to recover the losses...
Coinbase posts $1.1B loss, Polygon DApps rocket 400% in 2022 and Elon Musk says inflation is on the decline: Hodler’s Digest, Aug 7-13
13.8.2022
Bakkt's Q2 Loss Narrows to $27.6M, Tones Down Yearly Guidance
11.8.2022
The firm lowered its yearly net revenue guidance to $57 million- $62 million
Hut 8's Q2 Loss Widens to $69M, Continues to Hodl Bitcoin
11.8.2022
The miner's earnings took a hit as it works to diversify towards high-performance computing