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Kucoin Recovers 84% of Funds Stolen in $280 Million Hack

11.11.2020
Kucoin chief executive officer Johnny Lyu revealed Wednesday that the exchange recovered 84%, or $235 million, of the $280 million stolen in one of crypto industry’s biggest hacks in September. In a tweet, Lyu said the affected funds have been recovered “via approaches like on-chain...

Stablecoin Savings: Circle Launches High Yield USDC Accounts for Businesses

7.11.2020
Two years ago the cryptocurrency firm Circle announced the launch of USDC, a stablecoin pegged to the U.S. dollar. This week, Circle revealed the launch of high yield digital dollar business accounts with APY up to 10.75%. On September 26, 2018, Circle and the Centre open-source consortium launched...

KuCoin September 2020 Hack: Hacken Research

16.10.2020
Last week, the hottest topic in the crypto markets was the KuCoin hack. Our team highly values the need forContinue Reading The post KuCoin September 2020 Hack: Hacken Research appeared first on CoinMarketCap Blog

Q3 Crypto Volumes up by $155 Billion as Defi Hype Drives DEX Growth by 197%

11.10.2020
The latest data from Coingecko shows that the combined trading volumes of cryptocurrency exchanges went up by $155 billion between July and September, from $175.7 billion to $330.6 billion. The new total volume represents a 88% increase which Coingecko attributes to the decentralized finance (defi)...

Yearn Finance Token Value Slides 67%, While Locked Value Loses Over $300M

8.10.2020
Yearn Finance’s native token YFI has been seeing significant capitulation as the price has dropped from an all-time high (ATH) of $43k in mid-September to today’s $13,875 USD value. Despite the -67.7% loss since the token’s ATH, the Yearn Finance project still has around $624...

Ethereum Transaction Fees Fall 82%, as Defi Hype Eases

6.10.2020
The average cost of sending a transaction over the Ethereum blockchain has fallen by 82% from a September 2 peak of $11.61, down to $2.09 as of October 4. The decline may be the result of a slow down in the hype around decentralized finance (defi) protocols. According to data from Glassnode...

Kucoin CEO Says Exchange Hack Suspects ‘Found,’ $204 Million Recovered

4.10.2020
According to the Kucoin exchange CEO Johnny Lyu, the trading platform has recovered $204 million in crypto assets since October 1. The exchange executive says the hacking suspects have been “found” and the “police are officially involved” in order to take action....

Chainalysis and Integra Win $1.25 Million IRS Contract to Break Monero

2.10.2020
Crypto intelligence firm Chainalysis and data forensics company Integra Fec have won a combined $1.25 million contract to provide tools that break the privacy-focused coin, monero, for the U.S. Internal Revenue Service (IRS). Floated early September, the one-year contract specifically covers...

Decentralized Exchanges Doubled Trading Volume In September + More News

2.10.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Exchanges news Aggregate trading volume on decentralized exchanges reached USD 22.8bn in September, up from USD 11.3bn in August, which is more...

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