The United Nations (UN) accused North Korea of stealing cryptocurrencies worth millions of dollars. Moreover, the report added that the totalitarian Asian state employed the stolen assets to fund missile and nuclear experiments. Crypto Fuels Weapon Trials According to a recent UN report cited by Reuters, North Korean hackers have carried out numerous attacks against...Read More
The Canadian subsidiary of KPMG – one of the “Big Four” international accounting firms – has just confirmed the addition of Bitcoin and Ethereum to its corporate treasury. The purchase is said to “reflect the firm’s commitment to emerging technologies and asset classes”. According to a press release from Newswire, KPMG included carbon offsets alongside...Read More
A newly formed DAO is raising money to free Wikileaks founder Julian Assange from extradition to the United States. Going by the name “AssangeDAO,” the pot has already raised over $38 million in ETH since it launched on Thursday. Seeking Justice for Assange According to assangedao.org, the DAO’s stated goal is to “inspire a powerful...Read More
Leading cryptocurrency exchange Kraken announced on Thursday the results of a proof-of-reserve audit, showing that it holds over $19 billion worth of Ether (ETH) and Bitcoin (BTC). Almost $20 billion Stored on Kraken As per a blog post, the audit was conducted by Armanino LLP, a consulting and technology firm in the US. The results...Read More
A Solana bridge called Wormhole has been exploited for as much as $320 million according to reports emerging on Feb. 3. The team posted a notice that the bridge had been hacked losing 120,000 wrapped ETH valued at around $320 million at the time. It added that ETH will be added to ensure the wrapped...Read More
As most of us were enjoying some R&R over Christmas break, Coinbase Cloud protocol specialist Elias Simos was scouring the web for the most interesting crypto charts of 2021: 69 of them to be exact. In the latest Around The Block podcast, we sit down with Elias and discuss some of the most interesting data...Read More
One simple mistake cost a trader $500,000, sparking intense debate in the Ethereum community over security and user experience. To Lose $500K Worth of WETH A post titled “Did I just lose half a million dollars by sending WETH to WETH’s contract address?” made its way to the top of r/ethereum. “Sent ETH to WETH...Read More
Around the Block from Coinbase Ventures sheds light on key trends in crypto. Written by Connor Dempsey, Ryan Yi & Justin Mart. 2021 was a historic year for both crypto markets and venture capital funding. Driven in part by institutional inflows, Bitcoin soared to new highs to start the year, the entire market followed suit...Read More
Bitcoin price uptrend was halted near $39,000 after the Federal Reserve announced it will increase the interest rates in March this year. The altcoins, which were also heading north, dropped following the path of flagship currency Advertisement Cathie Wood’s ARK Invest has made an incredible prediction for Bitcoin and Ethereum prices. Bitcoin may reach a...Read More
A research team of the American investment management firm ARK Invest envisioned a highly optimistic future for bitcoin. According to them, the price of a single coin could surpass $1,000,000, and the asset’s market capitalization might reach $28.5 trillion by 2030. Bitcoin to Peak at Over $1 Million The Nasdaq-listed company ARK Invest, led by...Read More
Bitcoin being the most dominant crypto in the entire space, its price trend is closely watched out. Only for the reason that most of the assets closely follow the BTC price trend and surge or plunge along with its variations. Advertisement Eventually, the second largest crypto Ethereum also follows the same trend and hence the...Read More
The users of cross-chain protocol lashed out over an unsolved security vulnerability that appeared earlier this week and the platform’s failure to act. Later on, though, Multichain revealed that one whitehat hacker returned 259 ETH, worth approximately $813,000. The Multichain Exploit It all started when Multichain announced the existence of a flaw that made several...Read More
The king altcoin has been under correction over the past three months, and derivatives data signifies professional investors are almost ready to throw in the towel. In the interim, with Ethereum valuation depleting below $2.8k, veterans have been pondering over the ETH burn event. Advertisement ETH price faced a solid rejection at $3,600 on Jan...Read More
An individual Ethereum miner who mined a complete block hit the jackpot by receiving 170 ETH for his efforts. Converted in USD value, the reward equals nearly $540,000 (calculated by the time when the block reward was mined). Beating the Odds Despite some people claiming that Ethereum mining (still being proof-of-work) is harmful to the...Read More
The cryptocurrency lending platform – Nexo – joined forces with the Nasdaq-listed digital asset company – Bakkt Holdings. As a result, the latter will custody a portion of Nexo’s Bitcoin and Ethereum holdings in the Bakkt Warehouse. Bakkt’s Newest Partnership The Bakkt Warehouse comprises both online (“warm”) and offline (“cold”) digital asset storage. The company...Read More
Eric Adams – newly elected mayor of New York City – is following through on his promise to receive his first paycheck in Bitcoin. Some of his salary will even be converted to Ether – the second-largest cryptocurrency. The Paycheck Promise The City of New York confirmed the payment decision from its official site earlier...Read More
The core problem of any true Ethereum fan would be the terrible gas fees. But this misconception could be alleviated if traders start to realize how layer 2 solutions created for the star altcoin would reduce the high gas fees. As fewer users are aware of the same, ETH price failing to take off despite...Read More
Bitcoin price continues to plunge, building huge bearish momentum that could drag the price close to the crucial support levels around $40,800. No doubt the selling volume is not accumulated that could drag the price down, but there is no buying volume at all and hence a slight selling could drag the price down. Advertisement...Read More
A report by the blockchain security company PeckShield said the attack against the popular crypto exchange resulted in 4,600 ETH being siphoned off the platform. At the same time, the company maintains that no user funds were lost. Reports started to emerge yesterday indicating that the Singapore-based digital asset platform had experienced suspicious activity and...Read More
Polygon – one of the most popular layer-2 scaling solutions of Ethereum – saw its mainnet implement one of the biggest upgrades recently. Namely, this is the Ethereum Improvement Proposal 1559 that will begin burning MATIC tokens as part of every transaction. Polygon Integrates EIP-1559 CryptoPotato reported last week that EIP-1559 was scheduled to go live...Read More
The number of Ethereum addresses holding ETH is at an all-time high. Meanwhile, transaction count on the network remains near record highs, showing that user activity continues to grow. According to on-chain data, Ethereum addresses holding a balance now total over 68.26 million. This number seldom declined despite a rocky price history last year, maintaining...Read More
A recent report by blockchain forensics company Chainalysis stated that cybercriminals in North Korea stole bitcoin and Ether, worth almost $400 million but still have millions worth of stolen cryptocurrency funds unlaundered. Almost $400 Million Theft Recorded in 2021 The Chainalysis report published January 13, 2022, stated that the funds were stolen following attacks on...Read More
The world of digital coins has been yearning for the commencement of the alt season. Which is currently in the mist, as digital assets have been crab walking on the charts. While the star crypto has been facing the wrath of economic turmoil and regulatory implications. The maestro of altcoins has been taking the brunt...Read More
Alkesh Shah – analyst at Bank of America – predicted Solana could continue to steal some of Ethereum’s market share as it’s easy to use and has significantly lower transaction fees. The strategist further asserted that Solana could become “the Visa” of the cryptocurrency industry. High Hopes for Solana Solana has been one of the...Read More
Through a memo of understanding, Torus King Blockchain IFSC recently partnered with India INX to launch India’s first Bitcoin and Ethereum ETF product. This is the first Bitcoin futures ETF to premier outside of the United States. An Indian Crypto ETF As reported by The Economic Times, the ETF will launch under the International Financial...Read More
Speaking to CNBC on Jan. 11, the billionaire investor said he looks for utility when researching crypto investments. He followed up with “tokens trading are the least important part of crypto” in a Tuesday tweet. Decentralized platforms leveraging smart contract technology and DAOs are his preferred choices, he stated. Tokens trading are the least important...Read More
The cryptoverse remains to be stuck in a quagmire, where digital assets have been bogging down on gains. With billions being already lost in the swamp, folks from the industry are now waiting for a pull out from the gloom. While mainstream cryptos have been moving in ruins, eyes are now pinned on emerging protocols...Read More
The cryptocurrency market today saw mixed results, although market leaders Bitcoin and Ethereum still did not see any major gains. While the majority of the Altcoins traded in red. Bitcoin (BTC) Amidst all the hush-hush in the market popular analyst and trader Micheal Van De Poppe sees optimistic indicators for Bitcoin. In a series of...Read More
Multi-sector blockchain protocol Terra (LUNA) has announced a proposal to deploy $139 million to five different DeFi projects across Ethereum, Solana, and Polygon to enhance UST’s use cases. The proposal, however, needs to be accepted by the Terra community through a vote of governance participants that’s likely at a later date. Terra as a Dominant...Read More
Ethereum which is considered as one of the stable assets, also experienced a notable pullback since the ear;y trading hours. The asset ever since lost the $4000 levels never appeared desparate to regain its lost position. Yet always preferred to have a calculated approach to achieve the upper target. However, the recent crash dragged the...Read More
