Crypto exchanges are platforms where digital assets are bought, sold, and traded for other cryptocurrencies or conventional fiat money. However, some exchanges are prone to theft and hacks, making it ...
Tag: crypto news
Blockchain Analytics Firm Kaiko Secures $53M Funding Amid Market Turmoils
Kaiko, a blockchain data provider company serving institutional investors and enterprises, has secured $53 million in Series B funding, the company announced Tuesday. Kaiko Bags $54 Million From Inves...
What You Should Know About the Death Cross in Crypto Trading – crypto.news
Cryptocurrencies are considered a trillion-dollar ecosystem that enables investors to conduct their financial transactions anonymously and securely. However, their volatility can prevent investors fro...
Rich Dad Predicts Bitcoin to $1,100. Mistake Or?
Robert Kiyosaki, author of the best-selling book “Rich Dad, Poor Dad,” has revealed that he is waiting for Bitcoin to test $1,100 so that he can buy the dip. Kiyosaki Wants Cheap Bitcoins The author a...
Proof of Work vs Proof of Stake, Which Has the More Profitable Projections? – crypto.news
Ever since cryptocurrencies came to existence via Bitcoin, the Proof-of-Work (PoW) mechanism has been the go-to for the major blockchains. Undercurrents have however been changing, with Proof-of-Stake...
Here’s Why Governments Fear Losing Control if Crypto goes Mainstream – crypto.news
Cryptocurrencies have gained widespread acceptance as an alternative payment instrument that can facilitate near-instant transactions, store value, and hedge portfolios against inflation. The Age of ...
Top 7 Most Ideal Crypto Coins for Students
People who attend college often have a tight schedule and a lot of responsibilities. They have to juggle study and courses while trying to keep their social life alive. On top of everything, student l...
Crypto Market Liquidations Go Down as Ethereum, Bitcoin, and SHIB Witness Steady Rise – crypto.news
Crypto market liquidations have started to subside after steeply rising in the past few weeks. At the peak of the market crash, liquidations soared over a billion dollars but have slowly begun to retu...
Australia’s Banxa Becomes Latest Crypto Exchange to Slash Workforce – crypto.news
Cryptocurrency exchange Banxa has reduced the number of its employees by nearly half following a plunge in its trading volume due to the bearish crypto market. Banxa Cuts Down Staff by 30% According t...
CoinFLEX Plans to Issue $47M in Tokens to Resolve Withdrawals Issues
A few days after suspending withdrawals on its platform due to a high net-worth client failing to meet a margin call, crypto futures exchange CoinFLEX is now planning to launch a “Recovery Value USD” ...
Tether Reduces Commercial Paper Exposure to $8.4B Amid USDT Backing Questions – crypto.news
On Monday 27th, Tether CTO Paolo Adorino explained the backing of the Tether stablecoin. Paolo Noted that the network has successfully reduced the USDT commercial paper exposure from $45 billion to $8...
Nexo Warns Anonymous Twitter Account Regarding Recent Allegations – crypto.news
Cryptocurrency lender firm Nexo issued a cease and desist letter to counteract allegations of an anonymous Twitter account. Nexo Could File a Lawsuit On June 26, a series of tweets from the account, w...
Grayscale Enters Wall Street Partnerships Hopeful of Bitcoin ETF Approval
Leading digital asset manager Grayscale Investments has signed an agreement with Wall Street giants Jane Street and Virtu Financial (VIRT) as “authorized participants” of its Grayscale Bitcoin Trust (...
Institutions Betting “Hundreds of Millions” to Short Tether (USDT)
Following the infamous crash of Terra’s algorithmic stablecoin UST, many investors and regulatory authorities have raised concerns about stablecoin generally, as they are expected to keep a 1:1 peg to...
Hacked Harmony Protocol Offers $1 Million Bounty, Crypto Twitter Reacts – crypto.news
Harmony (ONE) has unveiled a $1 million bounty for the return of the $100 million recently stolen from its Horizon bridge, amidst mixed reactions on crypto Twitter. The team has also stated that it wi...
Cryptos Trace an Upward Trend as More Gains are in Sight for the Week – crypto.news
According to data from Santiment, Ethereum is currently on a rise, and its price has been up more than 30% in the past week. Some of the profit-takings may occur as the market continues to move higher...
Crypto Broker Voyager Issues Notice of Default to 3AC Over $670M Loan Deal
US-based cryptocurrency brokerage platform Voyager Digital announced on Monday that it had passed a notice of default to the insolvent hedge fund company, Three Arrows Capital (3AC). The public notice...
XCarnival Hacked for 3.8 Million Worth of Ethereum – crypto.news
PeckShield tweeted that the NFT lending protocol XCarnival had fallen victim to a hack, and the hacker got away with 3,087 Ethereum (about 3.8 million US dollars). However, this amount could be higher...
Top 5 Undervalued Cryptocurrencies in 2022
Bitcoin and Ethereum are the world’s largest cryptocurrencies, attracting retail and institutional investors. Outside of these top two, there are other coins, including undervalued cryptocurrencies. D...
Bitcoin Miner Loans Worth Nearly $4 Billion Reportedly in Jeopardy – crypto.news
Analysts in the crypto industry say that more and more Bitcoin miners are having trouble paying back loans they took out against their mining rigs. While only a few miners have actually defaulted on t...
Goldman Sachs Eyeing Purchase of Celsius Network Assets, Sources Say – crypto.news
Wall Street behemoth Goldman Sachs is looking to raise about $2 billion from investors to purchase digital assets from troubled crypto CeDeFi platform Celsius Network, Wall Street Journal reported, Ju...
Beginner’s Guide to Calculating ADA Delegation Rewards – crypto.news
ADA, the native coin of the Cardano network, is one of the largest cryptocurrencies in the crypto market today. Cardano was founded back in 2017 by Charles Hopkinson, the Ethereum co-founder. Like Eth...
Binance Adopts Latam Gateway as Its New Brazilian Payment Partner – crypto.news
Binance cryptocurrency exchange has announced that Latam Gateway is now its new payment service provider in Brazil, according to reports on June 24, 2022. Binance Brazil Chooses Latam Gateway In a maj...
Coinlist Announces Summer Seed Projects, EyesFi, Cryptoys and SithSwap Fundraising Rounds – crypto.news
On Thursday, 23rd, CoinList announced a list of 2022 summer batch seed projects. Other projects like SithSwap, EyesFi, and Cryptoys completed successful funding rounds. Coinlist Announces Summer Seed ...
Miners Facing Hard Times as BTC and ETH Push to Reclaim Prior Highs – crypto.news
On-chain data suggests that a miner capitulation event has occurred, which typically precedes market bottoms. There is also a decline in the Ethereum hash rate, meaning that miners have to sell their ...
Which Are the Most Popular Coins in 2022? – crypto.news
Over the past year, the digital assets space has continued its popularity, attracting the attention of major institutional players and even governments. Consequently, the crypto market has become floo...
AnubisDAO Funds Move for the First Time Following Rug Pull, 1,018 ETH Laundered via Tornado Cash – crypto.news
According to a PeckShield notice sent on Friday, a wallet address connected with last year’s alleged AnubisDAO rug pull has begun to move funds from the heist. The hackers already funneled 1,018 ETH v...
Solana Labs Unveils Saga, A Web3-Powered Smartphone – crypto.news
Solana’s (SOL) parent company, Solana Labs has announced plans to launch an Android smartphone for the network. Solana Labs further revealed that the Web3-focused device would be ready early next year...
Visa CBDC Paper Discusses Major Adoption Challenges and Questions for Policymakers – crypto.news
Leading multinational financial services company Visa recently released a paper on central bank digital currencies (CBDC) that dives deep into the common challenges, their solutions, and questions pos...
Coinbase Bitcoin Derivatives Product Set to Go Live – crypto.news
Coinbase cryptocurrency exchange has announced that its bitcoin derivatives product will be available on June 27, 2022, via its derivatives exchange. Dubbed Nano Bitcoin futures contract (BIT), each c...