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Hundred Finance loses $7m in an exploit on Optimism solution
17.4.2023
PeckShield recently reported that Hundred Finance lost over $7 million in an attack. The blockchain security firm announced that the attack took place on the L2 Optimisim scaling solution. The attacker used 200 WBTC to exploit the lending protocol on April 15. The attacker donated WBTC to boost...
Bitcoin, Ethereum Technical Analysis: BTC Moves Below $30,000 on Monday, as US Dollar Rallies
17.4.2023
Bitcoin started the week trading below $30,000, as the U.S. dollar strengthened during Monday’s session. USD/JPY rose to a one-month high, with the greenback also gaining against the euro and British pound. Ethereum was also lower, falling below $2,100. Bitcoin Bitcoin (BTC) dropped below...
Bitcoin, Ether are ‘like gold’ says Cathie Wood, but Ray Dalio is skeptical
17.4.2023
Cathie Wood thinks Bitcoin and Ether are acting as “risk-off” assets and as a “flight to safety” for investors amid macroeconomic uncertainty
With Close to 10 Billion Stablecoins Redeemed, BUSD’s Supply Drops to Lowest Level Since April 2021
16.4.2023
Statistics recorded on April 15, 2023, show that the number of coins in circulation for the stablecoin BUSD dropped below the 7 billion range to 6.68 billion, marking the lowest number of BUSD in circulation since April 2021. Furthermore, data indicates that the supply of BUSD has shrunk by 19.8%...
Shiba Inu Price Prediction as SHIB Overtakes Binance USD in Market Cap - Can SHIB Reach $1?
16.4.2023
The crypto market is an industry filled with many fast-moving projects. Many blockchain projects see their position on the global ranking.
One such case is popular Dogecoin killer Shiba Inu which has recently overtook Binance-owned stablecoin BUSD.
At press time, the SHIB token is ranked 13th...
Shapella Upgrade Hits, Economist Predicts Biggest Crash ‘in Your Lifetime,’ US Bank Lending Plummets — Week in Review
16.4.2023
In crypto news this week, the Ethereum network’s long awaited Shapella upgrade took effect, unlocking staked ether. In the broader financial world, economist Harry Dent has predicted a massive crash to hit by mid-June, bank lending plummeted by a record $105 billion in two weeks, and...
Jeffrey Tucker on De-Dollarization: USD Will No Longer Be King, We’re at Turning Point for US Dollar
16.4.2023
Jeffrey Tucker says we are at the turning point for the U.S. dollar, citing a growing de-dollarization trend. “The dollar’s just not going to be king,” he warned, adding that history will record recent events “as the turning point for the dollar.” Jeffrey Tucker...
Former President Donald Trump Likens US Losing Currency War Against China to America Losing a World War
16.4.2023
Former U.S. President Donald Trump has warned that the U.S. losing a currency war against China would be like America losing a world war. “We’ll be a second-tier country,” Trump cautioned, adding that the U.S. dollar is “what makes us powerful and strong.” Donald Trump...
Crypto in Europe: Economist breaks down MiCA and future of stablecoins
14.4.2023
A principal economist of the European Commission shares his views on stablecoins and the future of regulations in Europe
Tesla selling Bitcoin last year turned out to be a $500M mistake
14.4.2023
Tesla's remaining Bitcoin stash has grown 100% from its November 2022 lows, demonstrating that hodling BTC can indeed pay off
INTMAX manages to obtain $5M through the seed round
14.4.2023
INTMAX happens to have successfully obtained for itself an amount, to the tune of $5 million, through a seed round. This amount will now duly be utilized for the creation of a stateless zkRollup. The entity happens to be in the process of building an upgradable zkRollup and which will happen to...
Hatom Protocol launches liquid staking, $sEGLD unlocks DeFi opportunities
14.4.2023
Hatom Protocol, a non-custodial liquidity protocol on MultiversX, has published an official tweet announcing that the liquid staking functionality is now live. It can be accessed via Devnet, with the mainnet launch scheduled to happen in the future. Hatom Protocol has expressed confidence in...
3 signs Arbitrum price is poised for a new record high in Q2
13.4.2023
Arbitrum is relatively cheaper versus its top Ethereum L2 rival, Optimism, which may lead to a rise in ARB price over the next few months
Can Ethereum crack $2K? ETH price inches closer despite new unlocked supply
13.4.2023
Ethereum staking withdrawals are picking momentum. But they have not been able to cause a major selloff as many had anticipated post the Shanghai upgrade
Balaji Srinivasan: ‘Giant Robot’ of Crypto-Friendly States Needed to Battle ‘Giant Monster’ of US Gov., Explains Why He Made Bitcoin Bet
13.4.2023
Tech entrepreneur, angel investor, and author of The Network State, Balaji Srinivasan, says a proverbial “giant robot” of supportive governing bodies and crypto proponents is needed to do battle with the “giant monster” of the U.S. federal government. The former CTO...
BRICS Nations Push to Expand Global Influence to Counter the West’s ‘Destructive Actions’
13.4.2023
The BRICS nations are focusing on increasing their international roles and “enhancing coordination on key multilateral platforms,” Russia’s Minister of Foreign Affairs reportedly revealed after a meeting with BRICS ambassadors. He stressed “the need for joint efforts to counter destructive actions...
US needs to regulate stablecoins to keep a strong dollar: Stellar CEO
12.4.2023
The United States and the greenback will suffer if stablecoin regulations are not rolled out this year, Stellar Development Foundation's chief has claimed
Roubini: We’re Shifting to ‘Bipolar’ Global Reserve Currency System With Chinese Yuan as Alternative to US Dollar
12.4.2023
Economist Nouriel Roubini, also known as “Dr. Doom,” predicts that the global reserve currency system will shift from unipolar to bipolar. He expects most countries that attempt to reduce their reliance on the U.S. dollar to propose the Chinese yuan as an alternative to the USD. Roubini...
Ethereum price retests key support level that preceded 60% gains in June 2022
11.4.2023
Ethereum funds have witnessed inflows worth only $600,000 in the week ending April 7 compared to Bitcoin's $56 million
Bitcoin crossed $30k; Read this fact before you invest in 2023
11.4.2023
Bitcoin has crossed $30K for the first time after June 2022. Many retail investors are interested in investing in Bitcoin for long-term capital gain. However, market experts have revealed the cause of the price surge, especially in BTC. 11 transactions were made with an identical size of 2000 BTC....