On August 11, the blockchain intelligence firm Chainalysis published its findings on the recent Poly Network hack which saw the loss of approximately $611 million crypto tokens. The assessment from Chainalysis backed up the claims made by the security company called Slowmist that shows the hacker left a fingerprint on the relatively unknown exchange Hoo.com. …
Tag archives: Ripple
Kevin O’Leary Buys More Crypto, Gets Paid in Crypto, Partners With FTX Exchange
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, is increasing his cryptocurrency allocation. He is also taking an equity stake in the FTX crypto exchange and has signed a multi-year deal to become its ambassador and spokesperson. He will be paid in crypto for his services. Kevin O’Leary Increasing His Crypto Allocation Shark Tank’s Kevin …
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SEC Asking for Jurisdiction Over All Crypto Exchanges Is ‘a Blatant Power Grab,’ Says Lawmaker
U.S. Congressman Patrick McHenry has slammed the U.S. Securities and Exchange Commission (SEC) for asking for jurisdiction over all crypto exchanges, including non-securities ones. He called it “a blatant power grab that will hurt American innovation,” adding, “We don’t need another backroom deal between Gensler and Elizabeth Warren.” Lawmaker Slams SEC for Blatant Power Grab …
Nasdaq-Listed Metromile Invests $1 Million in Bitcoin — Sees Rapid Growth in Global Cryptocurrency Adoption
The Nasdaq-listed auto insurance company Metromile has purchased $1 million in bitcoin. The company plans to “become the first insurance company to allow policyholders the option to pay for insurance and receive payment for eligible claims in either bitcoin or dollars.” Auto Insurance Platform Adds Bitcoin to Balance Sheet The Nasdaq-listed insurance company Metromile Inc. …
Transferring assets between Ethereum (ETH) and Polygon? This will help
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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Carl “The Moon” shares Bitcoin fundamentals and price predictions for 2021
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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Multi-Billion Dollar Wealth Manager Neuberger Berman Adds Exposure to Bitcoin, Ethereum
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 …
LoFi-DeFi Fair Launch Is Set to Smash Records
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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Vaneck Files for Bitcoin Futures ETF Following SEC Chair’s BTC Futures Regulation Statements
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 …
Will the Real Polygon Please Stand Up — Spammers Wrongly Post Coin Drops on Video Game-Related Feed
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 …
Bitmex Agrees to Pay $100 Million to Resolve Charges With FinCEN and CFTC
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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Ren is bringing decentralized stablecoins to Dogecoin (DOGE) and others
RenVM and ICHI today announced a partnership to make decentralized stablecoins available to the Bitcoin, Dogecoin, Zcash and other popular cryptocurrency communities, including Ren. These communities will now be able to mint and govern their own stablecoin for reliable transactions, the team shared in a release with CryptoSlate. Stablecoins — cryptocurrencies designed to maintain a …
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Will blockchain microlending fill a financing shortfall for small business owners?
In the analog world, we tend to define borrowed money by its purpose. Loans come prefaced with labels — home, college, business — and represent investments in tangible goals. We want our homes to grow in value; our degrees to facilitate high-paying jobs; our businesses to expand. It’s simple logic: We borrow when we need …
SEC Chair Tells Senator Legislative Priority Should Center on Crypto Trading, Lending, Defi Platforms
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has written a letter to Senator Elizabeth Warren about crypto regulation. After outlining his concerns and priorities in the crypto sector, he said, “additional authorities” and “more resources to protect investors in this growing and volatile sector” are needed. SEC Chair Gensler Replies …
Poly Network Hacker Returns $4.7M in Funds — Attacker Asks Devs to Unlock Frozen Tether Stash
On Tuesday, the decentralized finance (defi) project Poly Network was hacked for over $600 million in digital assets. The attack was the largest defi hack to date eclipsing all of 2021’s defi hacks combined. The very next day, however, the hacker started to send funds back to the Poly Network team as the project’s official …