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Trump Lost and Bitcoin Won First Presidential Debate - Cryptoverse


Donal Trump (on the left) and Joe Biden during the debate. Source: a video screenshot, Youtube, CNBC Television After last night’s first presidential debate between US President Donald Trump and former Vice President Joe Biden, crypto traders are betting that the likelihood of a Trump win in...

Over 40 Bitcoin Forks Are Down More Than 98% Since 2017’s Forking Fiesta


Since the summer of 2017, more than 44 forks of the Bitcoin network were created and so far many of them have lost considerable value and are near worthless. To-date only a few of the forks that stem from Satoshi’s creation have remained relevant during the last three years. There are three...

Defi Economy Rebounds: Total-Value Locked Jumps 28% Capturing Close to $9B


The total-value locked (TVL) in decentralized finance (defi) economy has recaptured much of the value lost during the Sushiswap fiasco last week. At the time, the defi TVL tumbled down to $6.8 billion from the $9.6 billion high on September 8, suffering a loss of close to -29%. Since then, however...

Defi Platform Bzx Recovers Stolen $8.1 Million From Hacker


Decentalized finance (defi) protocol Bzx has recovered the $8.1 million it lost to a hacker a few days ago. The company claims it was able to track down the cyber thief, whom it refused to name for legal reasons, through their on-chain activity. Cornered, the attacker returned the loot. “All...

Report: Market Valuation of 14 Banking Giants Shed $635 Billion This Year


The world’s largest banks lost a considerable amount of market valuation amid the Covid-19 pandemic, according to a new report that estimates financial incumbents lost $635 billion. Between December 2019 and August 2020, the market caps of 14 major banking institutions lost upwards of 30-50%...

Hedera Hashgraph Appears Regaining the Lost Momentum


Hedera Hashgraph—one of the most lucrative enterprise solutions giving platforms, is facing a dearth of momentum against the US Dollar. After drawing a flat yet gaining trend, it breached a 5-month resistance with a bullish yet brief candlewick slightly above $0.060 at $0.061 in the previous month....

Defi Protocol Bzx Loses $8.1 Million in Third Hack This Year


So called decentralized finance (defi) lending platform Bzx on Sunday lost $8.1 million in a new hacking attack, the third this year, caused by a flawed code in its smart contracts. The bug allowed the hacker to mint 219,200 LINK tokens (valued at $2.6 million); 4,503 ETH ($1.65 million); 1,756,351...

Tether Recovers $1 Million USDT Sent to Wrong Defi Address by Chinese Traders


Tether has recovered and returned $1 million worth of USDT to a group of Chinese traders who, in error, sent the funds to a wrong decentralized finance (defi) address. On September 8, the group, going under the moniker ‘Bill,’ “accidentally” transferred the money to a Swerve...

THETA Regains the Lost Momentum; Trades Close to $0.50


THETA was seen trading with a positive move against the US Dollar and is currently trading at $0.492, slightly below the major resistance marked at $0.50. The token has definitely drawn a positive crossover in comparison to the previous week’s bearish movement around $0.40 after the steep...

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