The Poly Network hacker has now returned $258 million to the cross-chain DeFi protocol and conducted a question and answer session detailing how the initial hack went down. In what is being described as the largest DeFi hack to date, the Poly Network suffered a $612 million exploit on Aug. 10 which saw the hacker …
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A prominent crypto whale and analyst says he’s watching the movements of five emerging altcoins that he notes have huge upside potential. The pseudonymous analyst, known in the industry as Crypto Messiah, tells his 134,800 followers that he’s keeping an eye on the decentralized finance (DeFi) sector as five altcoins in the segment appear poised …
This week the total cryptocurrency market capitalization bounced back to $1.9 trillion, which was a 20% weekly increase and the highest level seen since May 20. While the fresh bullish momentum attracted the attention of investors, Bitcoin’s (BTC) move from $33,400 to $45,900 was pretty much in line with the rest of the market. Whether …
Continue reading “Traders hope for a new altcoin season now that Bitcoin turned $45K to support”
Lattice Exchange, an automated market maker for the DeFi market, has launched a new product that seeks to allow cryptocurrency entrepreneurs to list their tokens and for users to participate in early-stage projects more seamlessly. Dubbed Lattice Launchpad, the new platform is described as a “one-stop shop for blockchain entrepreneurs” to get their projects recognized …
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Bitcoin’s (BTC) strong recovery and march toward the psychological level at $50,000 has improved the overall sentiment in the crypto sector. That has boosted the total crypto market capitalization to over $1.9 trillion. Data from Glassnode shows a sharp increase in the dominance of Bitcoin transactions exceeding $1 million in the past few months. The …
Continue reading “Price analysis 8/11: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, LINK, SOL”
Bitcoin Price Prediction – August 11 The Bitcoin price prediction shows that BTC sets eye on $47,000 as the king coin continues to enjoy a sharp uptrend over the past week. BTC/USD Long-term Trend: Bullish (Daily Chart) Key levels: Resistance Levels: $51,000, $53,000, $55,000 Support Levels: $42,000, $40,000, $38,000 BTCUSD – Daily Chart Buy Bitcoin …
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Biconomy, a multichain relayer network building infrastructure to simplify the Ethereum and Web 3.0 experience, announced today the launch of its Hyphen mainnet, as per a release shared with CryptoSlate. The protocol enables instant and low-cost token transfers across different blockchains. Why need an Ethereum-Polygon bridge? L2s have seen an exponential increase in demand with …
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Ask ten crypto proponents about the prices of Bitcoin a year from now and you’re likely to hear ten widely different answers. Some use astrology, some use technical analysis, and some use on-chain voodoo art for their predictions. One such proponent is ‘Carl the Moon,’ a popular crypto investor and educator who runs a YouTube …
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The private investment management firm with $402 billion in assets under management (AUM), Neuberger Berman Group LLC, has revealed the company now has active exposure to cryptocurrencies like bitcoin. The multi-billion-dollar asset manager disclosed this information in a Form 497 in order to comply with the Securities and Exchange Commission’s EDGAR filing system. Neuberger Berman’s …
press release PRESS RELEASE. The last two weeks saw decentralized finance cryptocurrency startup LOFI-DEFI gain intense social adoption for what is positioned to be the biggest fair launch in DeFi history. Tens of thousands of investors have gathered in its combined international Telegram communities to await the launch of their native token LOFI. “There’s an …
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Following a number of statements this week from the U.S. Securities and Exchange Commission’s (SEC) Gary Gensler, wealth management firm Vaneck has filed for a bitcoin futures exchange-traded fund (ETF). Vaneck Files for a Bitcoin Futures-Focused Fund Called the Bitcoin Strategy ETF On August 10, the wealth manager Vaneck filed an application with the SEC …
In a strange twist of fate, two companies named Polygon are the source of a storm of confusion on Twitter as a video game community gets a unique introduction to Polygon’s blockchain technology. Crypto Scammers Hit Game-Related Feed Polygon, the rebranded layer 2 blockchain solution (previously Matic Network), has been mixed up with another identically …
Global cryptocurrency derivatives exchange Bitmex has settled charges with the U.S. Commodity Futures Trading Commission (CFTC) and the Financial Crimes Enforcement Network (FinCEN). The exchange has agreed to pay as much as $100 million to end investigations by the two agencies. Bitmex Settles With CFTC and FinCEN Bitmex confirmed Tuesday that “it has reached a …
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Circle, the digital payment company behind the widely-used USDC stablecoin, is announcing its intentions to become a full-reserve national commercial bank. Jeremy Allaire, co-founder and CEO of Circle, shares in a blog post his company’s plans to pursue a commercial banking license in the US, along with his perspective on the future for USDC. ADVERTISEMENT …
Crypto asset management firm CoinShares says that the market share of Ethereum (ETH) in institutional investment products is growing. In a new weekly report, CoinShares says that the market share of the leading smart contract platform in investment products has taken a significant leap in the first eight months of this year. ADVERTISEMENT “Ethereum …
