One blockchain security firm says its audit of the SafeMoon smart contract has unearthed a potential $20 million vulnerability within the viral meme coin. Popular TikTok viral “meme coin” SafeMoon could be vulnerable to malicious exploits by hackers on account of purported security vulnerabilities in its smart contract code. According to a smart contract audit …
Continue reading “Critical $20M SafeMoon vulnerability? Project devs say no cause for alarm”
Michael Saylor has provided more context on the Mining Council, and hopes to combat the anti-crypto narrative with greater Bitcoin mining transparency. MicroStrategy CEO, Michael Saylor has explained the details and thinking behind the formation of the Bitcoin Mining Council. The council was formed on May 25 after Saylor brokered a successful meeting between Elon …
Continue reading “Michael Saylor says Bitcoin Mining Council required to combat ‘hostile’ narrative”
It won’t be easy to bring DeFi to be on par with traditional finance, but tokenization can help it along, says Liquefy’s CEO. Nonfungible tokens could become a bridge to connect the legacy financial system to the emerging fintech world in the near future. During a recent interview, Adrian Lai, CEO of Liquefy — an …
Continue reading “DeFi and traditional finance could converge thanks to tokenization”
Roughly $60 billion worth of ETH changed hands over the past 24 hours while BTC saw $50 billion in trade. Ethereum is seeing renewed interest in the aftermath of Bitcoin’s travails this week, with Ether’s 24-hour trade volume topping BTC’s by a significant margin. However it’s still a long way from doubling Bitcoin’s volume as …
Continue reading “Ether sails past BTC’s daily volume as Grayscale ETH Trust trades at 11% premium”
The Canadian trading and yield app recorded $60 million in revenue for Q1, 2021. Crypto asset trading firm Voyager Digital has announced financial results for the first quarter of 2021, and they are impressive. The retail crypto trading and yield platform reported another record quarter, with momentum continuing into the current quarter. Total revenue for …
Continue reading “Voyager Digital sees 16X increase in quarterly revenue, first operating profit”
The Dfinity Foundation has launched a fund of around $223 million to support development on its decentralized Internet Computer network. Zurich-based Dfinity Foundation has announced a fund worth CHF 200 million, or around $223 million, to support development on the Internet Computer — a blockchain-based decentralized network with wildly ambitious plans to one day “replace” …
Continue reading “$223M fund for Internet Computer builders — but community is wary”
Both iterations of the world’s most popular DEX now generate more fee revenue than Bitcoin. The world’s largest decentralized exchange keeps growing and the newly-launched third iteration has now surpassed version two in terms of daily volumes. In addition to v3 topping the daily transaction volumes of v2, both have individually surpassed Bitcoin in terms …
Continue reading “Uniswap v3 flips v2 on volume — and both versions flip Bitcoin on fee revenue”
Bitcoin bulls may get some respite from a derivatives market indicator that hints at a price bottom. As the price of Bitcoin (BTC) is attempting to establish support at $37,000 on Tuesday, the recent $30,000 lows may have been the bottom, suggests one derivatives market indicator that has a history of accurately predicting BTC/USD cyclical …
Continue reading “Historically accurate Bitcoin metric suggests BTC price has bottomed out”
A number of blockchain projects have exploded in popularity in recent months, but their block sizes have stayed the same. What’s the answer to this looming scalability crisis? The cryptocurrency sector has undergone a seismic shift in recent years as retail investors and publicly listed companies make their way into the space. Globally, estimates suggest …
Continue reading “The importance of block sizes, and the rise of off-chain solutions”
Will $37,000 hold for more upside in the near term for Bitcoin? Bitcoin (BTC) prices pulled back on May 25, wiping a small portion of the gains it had made during the previous session amid another day of volatile trading. The BTC/USD exchange rate fell up to 6.11% after opening the Asia-Pacific session at $38,856. …
Continue reading “Bitcoin price must now hold this key level to regain $40K”
The crypto custody business blossomed in 2019, spearheaded by fintech firms, but now its center of gravity might be shifting. Custody services aren’t the most compelling corner of the crypto ecosystem, but 21st-century solutions for storing and safekeeping digital assets are critical if cryptocurrencies are to achieve widespread adoption. For that reason, Cowen Inc.’s recent …
Continue reading “Cryptocurrency custody gives commercial banks a foothold in the market”
The South African Reserve Bank has begun exploratory studies on central bank digital currencies. South Africa is the latest country to begin exploring the possibility of creating its own sovereign digital currency. According to a release issued on Tuesday, the South African Reserve Bank has begun preliminary feasibility studies about the “desirability and appropriateness” of …
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“Bison Trails is committed to the growth of the crypto ecosystem and innovative networks like Celo,” said Joe Lallouz, CEO of Bison Trails. Blockchain infrastructure company Bison Trails has partnered with Volt Capital to allow users of the Celo Network to stake their tokens securely through their mobile devices. The collaboration sees Bison Trails running …
Continue reading “Bison Trails and Volt Capital bring ‘secure staking’ to Celo network”
Strong hands accumulated Bitcoin throughout last week’s historic correction but BTC’s inability to reclaim the $40,000 level has some traders afraid of a dead cat bounce. The recent extreme volatility in the cryptocurrency market following Bitcoin’s (BTC) dip to $30,000 and the recovery to $38,000 has traders confused about whether the current price action is …
Continue reading “Amid rising stablecoin inflow, cautious traders fear a dead cat bounce”
The soon-to-be-launched platform will feature NFTs from artists like Whitney Houston, Doja Cat, John Legend, TLC, H.E.R, Quincy Jones, Charlie Puth, Jacob Collier, G-Easy, AURORA, The Kid LAROI, Alesso and more. Sustainable technology company OneOf has raised $63 million in seed funding to finance its new Green NFT platform for musicians, offering further evidence that …
Continue reading “OneOf raises $63M for new Green NFT platform for musicians”
