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You're Not Alone: Ripple Exec Lost Thousands on ‘Worthless’ Tokens Too


David Schwartz. Source: A video screenshot, Youtube/UNCHAIN Convention Learn from your mistakes, goes the old adage. And when it comes to crypto investment, it appears that there is no shortage of mistakes to be made – providing the rest of the world with plenty of opportunities to learn from other...

8,000 Bitcoin Scam Victims Get Refunds From US Regulator


The U.S. Federal Trade Commission is refunding about 8,000 victims who lost money from investing in two bitcoin scams. The fraudulent schemes promised that investors could turn their cryptocurrency payments of about $100 into $80,000 in monthly income. Bitcoin Pyramid Schemes’ Victims...

Bitcoin Network’s Mining Difficulty Sees Largest Epoch Drop Since 2011


Bitcoin’s mining difficulty saw the second-largest drop in history on Tuesday, as the difficulty dropped to 16.78 trillion, losing a touch over 16% since last week’s all-time difficulty high. The last time bitcoin’s mining difficulty dropped so low was in October 2011, when...

Harvest Finance Attacked, Reportedly USD 24M Lost, FARM Down 50%


Source: Twitter/@harvest_finance Another decentralized finance (DeFi) project, Harvest Finance, has suffered a flashloan attack that lasted for seven minutes, with reportedly at least USD 24m exploited. The DeFi side of the Cryptoverse has been on high alert in the last six hours, with many...

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....

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