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Fantom DeFi Project Loses $30M to a Security Breach

21.12.2021
Fantom-based Grim Finance recently faced a security breach, losing 30 million dollars to a hacker. The unidentified hacker exploited a reentrancy bug in Grim Finance’s smart contracts. As soon as the news of the attack came out, the network’s TVL dipped to 4.2 million dollars from 98.9...

Breaking All Records: VC Funds Injected USD 30B In Crypto This Year

20.12.2021
  Venture capital (VC) funds invested some USD 30bn into crypto this year, exceeding almost fourfold the amount recorded in the previous record year of 2018, and injecting more funds into the industry than in all the previous years combined, according to data from financial data and software...

Nansen Raises $75mn in First Stage Funding Led by Accel

17.12.2021
Nansen, a Blockchain analytics startup, secured $75 million in its new investment round headed by Accel with participation from Andreessen Horowitz and Tiger Global, a tech investor on this Thursday. The funds acquired in the round will be used to develop the functionality on the company’s...

Scammers Stole USD 7.7B in Crypto in 2021 Amid Rug Pull Surge - Chainalysis

17.12.2021
  Scams continue to generate the largest stream of cryptocurrency-based crime by transaction volume, with more than USD 7.7bn worth of crypto stolen from victims across the world so far this year, according to a recent report by blockchain analysis company Chainalysis.... Read More: Scammers Stole...

USDC Sees Native Launch on Avalanche

17.12.2021
USDC, the second leading stablecoin by market cap, has been launched on the Avalanche blockchain as a native token. Previously, users wanting to get USDC in Avalanche had to bridge it via Ethereum. Now, Circle, the issuer of usd coin (USDC), will allow users to mint the tokens directly...

SHIB Whale Buying Trend Continues with $4.2M Purchase

15.12.2021
Despite the crypto market being in a pinch, whale investors are showing great faith in Shiba Inu. The meme coin has been on a constant buying rally as another crypto whale buys 125 billion SHIB. The Ethereum whale spent over 4.2 million dollars to conclude the deal, as per Etherscan. At the time...

Harry Styles NFT: Colorback Cardigan Sold for Over $7,500 in ETH

15.12.2021
The fashion industry is going all-in with NFT. The latest entrant is the cardigan that Harry Styles sported in February 2020. It became a sensation with people using their imaginations to stitch new products in a similar fashion. The digital version of the sweater is a perfect 3-D replica. It...

Meta Spends USD 60M On Rights, Trademarks To Secure Its New Name

14.12.2021
  Facebook’s parent company Meta is determined to spend USD 60m to acquire the naming rights owned by the US bank Meta Financial Group, the latter company disclosed in a recent regulatory filing.  Earlier this month, Meta Financial Group executed a purchase agreement with Beige Key LLC,...

Arthur Hayes Tells Crypto Traders ‘It Pays to Wait,’ Stronger USD Coming

13.12.2021
  Monetary policy in the US and China will most likely not get any easier in the near term, and it, therefore “pays to wait” with making new investments in crypto, the co-founder and former CEO of crypto derivatives exchange BitMEX, Arthur Hayes, suggested. ... Read More: Arthur Hayes Tells Crypto...

AUD/USD Looks Higher Ahead of Busy Week as Sentiment Improves

13.12.2021
Markets in the Asia-Pacific set at a higher opening at the start of the week. With the Omicron threat set aside, the S&P 500 sealed at a new record high last Friday on Wall Street. The traders are now focused on the Federal Reserve and monetary policy announcement this week, scheduled...

Bitcoin Hovers Near $48k Ahead of Fresh Key US Inflation Data

10.12.2021
The main idea of Bitcoin is to develop a programmable agreement without the intervention of a third-party association. Many investors and ordinary people consider it a form of asset that will increase in value in the future. Moreover, the Bitcoin asset distribution helps the company raise money...

Vera Successfully Performs Non-Custodial Rental of $1.5 Million Bored Ape

10.12.2021
Vera, one of the leading NFT and DeFI platforms, is now the first protocol for renting a $1.5 million dollars NFT to two unknown individuals. The most awaited ETH mainnet platform was unveiled at the Sagamore South Beach Hotel, where the Art Basel Miami is taking place. The NFTs are the Bored...

MicroStrategy Spends Another USD 82m on Bitcoin

9.12.2021
  The US-based business software firm MicroStrategy has bought an additional 1,434 bitcoin (BTC), bringing its total stash to BTC 122,478 (USD 6bn), the company’s CEO, Michael Saylor said. The new coins were acquired at an average price of USD 57,477.... Read More: MicroStrategy Spends Another...

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