Another day, another exit scam in the DeFi cryptosphere apparently. As my colleagues wrote earlier this week, a DeFi token named Harvest Finance was “hacked” for a value of $24,000,000. Upon closer look though, it seems to be another “exit scam” by an anonymous development team. At least that is what the all-seeing-eye of CryptoWhale […]
Bitcoin hash rate could suffer a slump according to reports from experts. This is due to the impending end of the Sichuan rainy season. A large concentration of Bitcoin miners are located within this region in China and largely use hydropower to run their mining farms. The miners tend to migrate to Sichuan during the […]
Global stock markets saw a selloff on Monday which at first seemed to drag crypto markets down with it. By Tuesday morning though, the Bitcoin price had recovered and seemed totally unfazed by the COVID panic that spread across the globe. The world’s biggest crypto traded above $13k once again ($13,151).US Infections SoaringIn the US […]
At the beginning of this month, Twitter CEO Jack Dorsey stirred up controversy when he criticized Coinbase CEO Brian Armstrong’s blog post about the company’s apolitical stance. Coinbase, still the largest crypto platform in the US, even extended their apolitical stance and said they had offered a generous “severance package” to anyone of their employees […]
Decentralized Finance protocol, Harvest Finance has set a bounty of $100,000 after a recent attack on its platform. Harvest Finance was earlier today attacked by hackers who exploited a major loophole in it’s protocol.https://twitter.com/harvest_finance/status/1320624369543057409?s=20It is understood that $24 million was stolen from Harvest Finance pools and swapped into renBTC (rBTC).Hacker sends back $2.5 million of […]
For all the attention that Bitcoin got last week as the king of crypto broke through the $12k and then the $13k barrier immediately after, some would forget that within the top 10 of CoinMarketCap there are two altcoins that have performed even better in that timeframe. They are Litecoin (LTC) and Chainlink (LINK). Especially […]
PayPal’s announcement that it would soon launch cryptocurrency trading and custody services has awoken a sleeping giant. Litecoin, the once booming $300 worth coin created by Charlie Lee, had lied dormant for the past three years apparently. Not so since last week. As the Silicon Valley behemoth PayPal said it would list 4 cryptocurrencies from […]
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Bitcoin transaction fees have reached its highest levels in two months according to reports from Bitinfocharts. This spike consisted of an increase of over 200% in the past four days which can be attributed to the recent increase in Bitcoin’s price.Bitcoin has enjoyed a sharp rise in the past two weeks from $10,600 to $13,000 […]
The massive protests in Nigeria we reported on earlier this week have by now made headlines all around the world. The SARS protests as they are known, are a way for the Nigerian youth to express their outrage over the apparent excessive use of force by the police’s Special Anti-robbery Squad (or SARS). After Twitter’s […]
