Decentralized Finance (DeFi) platform Cream Finance (CREAM) says that its lending market suffered a hack resulting in the loss of crypto assets worth approximately $130 million. Cream Finance says in a tweet that the attacker exploited a vulnerability in the first version of the C.R.E.A.M. lending market platform. ADVERTISEMENT “Our Ethereum C.R.E.A.M. v1 lending …
Monthly archives: October 2021
Crypto Analyst Michaël van de Poppe Unveils New Ethereum Price Prediction As Top Crypto Shatters Record High
Popular crypto trader Michaël van de Poppe is updating his analysis on Ethereum (ETH) as the crypto asset hits a new all-time high of $4,428. Van de Poppe tells his 459,000 Twitter followers that the second-largest crypto by market cap has flipped resistance into support and appears ready to begin a gradual push to a …
President Biden’s Spending Bill Includes New Language Addressing Crypto Asset Regulation
President Biden’s new agenda could expand how capital gains taxes apply to crypto assets. Included in H.R. 5376, also known as the “Build Back Better” bill, is a clause that would amend the Constructive Sale rule to apply to cryptocurrencies and other digital assets. ADVERTISEMENT The Constructive Sale rule was created in 1997 to …
Kazakhstan expects at least $1.5B in economic activity from crypto mining within 5 years
A report from the Data Center Industry & Blockchain Association of Kazakhstan, or NABDC, estimates that cryptocurrency mining could bring $1.5 billion in revenue for the country over the next five years. Currently, corporate digital currency mining activities generate about 98 billion tenge ($230 million) per year in the country. Alan Dordzhiev, the president of …
Ethereum’s new all-time high prepares ETH for ‘continuation to $5,000’
The cryptocurrency market is in high spirits on Oct. 29 after bulls managed to lift the price of Bitcoin (BTC) back near the $63,000 support zone and Ether (ETH) has established a new all-time high at $4,460. ETH/USDT 4-hour chart. Source: TradingView Here’s what anlaysts are saying about the market now that Bitcoin is finding …
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Cardano stablecoin protocol Ardana raises $10M in latest funding round
Ardana, a stablecoin ecosystem built on the Cardano (ADA) blockchain, received $10 million in seed capital from a group of investors led by Three Arrows Capital and Ascensive Assets. Ryan Matovu, CEO and co-founder of Ardana, issued the following statement regarding the deal: “As the first all-in-one stablecoin ecosystem built on Cardano, our platform provides …
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Price analysis 10/29: BTC, ETH, BNB, ADA, SOL, XRP, DOT, DOGE, SHIB, LUNA
Bitcoin (BTC) is still in a corrective phase but Ether (ETH) has attracted strong buying, which pushed it to a new all-time high on Oct. 29. The successful Altair Beacon chain upgrade seems to have boosted sentiment and it also paves way for the merge with the Ethereum mainnet and the change to proof-of-stake. Meanwhile, …
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Play-To-Earn Project Good Games Guild Closes $1.7 Million Fundraising Round
October 29, 2021 – Jakarta, Indonesia Good Games Guild, the play-to-earn game hub, has closed its seed fundraising round collecting $1.7 million from a list of notable investors. Specifically, NGC led the round with OKEx Blockdream Ventures, Chromia, LD Capital, Basics Capital, Twin Apex Capital, Kyros Ventures, Titan Ventures, Mapleblock, Fomocraft Ventures, ExNetwork Capital, Master …
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The Best Trade of All Time? Crypto Investor Put $8,000 Into Shiba Inu 400 Days Ago – This Is How Much It’s Now Worth
About 400 days ago, an anonymous crypto investor purchased about $8,000 worth of the memecoin Shiba Inu (SHIB). The return on that investment? The lucky trader’s SHIB is now worth more than $4.45 billion. ADVERTISEMENT The business media company Morning Brew first reported on the jaw-dropping trade earlier this week, right as SHIB was …
Rally founders launch crypto venture studio backed by a16z partner
Two blockchain entrepreneurs have launched a new cryptocurrency fund designed to bootstrap promising Web 3 startups, sending a strong signal that venture capital is eyeing the next builders of the decentralized internet. On Friday, Kevin Chou and Mahesh Vellanki unveiled SuperLayer, a crypto venture studio building Web 3 projects directly on the Rally network, a …
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The future of longevity lies with digital currency visionaries
The promise of a longer and healthier life has dominated both cultural and medical discourse for centuries. From the first accounts of Nicolas Flamel’s philosopher’s stone granting immortality to the latest superfood that promised to reverse aging, we are captivated by the idea of a longer and more vibrant life. Encouragingly, the longevity sector has …
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Ubisoft will seek to invest in and create blockchain games
Ubisoft, one of the world’s largest video game companies — responsible for creating popular franchise games such as Assassin’s Creed, Far Cry and For Honor — hosted its Q2 earnings call this week, where blockchain was a key topic of discussion. Alongside reporting a 15% increase in unique active players in the first half of …
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Finance Redefined: Near’s $800M fund, Miami embraces crypto, Oct. 22–29
Welcome to the latest edition of Cointelegraph’s decentralized finance (DeFi) newsletter. The DeFi space was full of fundraising this week. Read on to discover where the venture capital firm led by Reddit’s co-founder is making notable investments. What you’re about to read is the smaller version of this newsletter. For the full breakdown of DeFi’s …
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African-Americans are leading cryptocurrency investments, study shows
A survey poll conducted on 1004 young adults (aged 18-29) by the University of Chicago, has found that approximately 34% of traders were people of color who had actively purchased crypto in the past 12 months. African-Americans and their inclination towards crypto Many African Americans have dived deep into the world of cryptocurrency to search …
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WOO Network will use Chainlink to launch customized institutional oracles
WOO Network today announced WOOFi, a new capital-efficient DEX powered by institutional hedging and market-making techniques, would be used alongside Chainlink to create institutional-ready market data oracles. Since Spring of 2021, the WOOFi Swap proof of concept on BSC and Polygon has traded nearly $4 billion in volume, demonstrating the effectiveness of the market-making algorithm …
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