Category Archive: Cryptocurrency, No picture
REvil Demands $70M in Bitcoin After Ransomware Attack
Key Takeaways Notorious cybercriminal gang REvil has taken control of hundreds of companies worldwide in a sophisticated ransomware attack. The group has demanded $70 million in Bitcoin for a key to help affected users recover their systems. The U.S. government says it is looking into the matter. This news was brought to you by Phemex, […]
Synthetix Surges 22% as Ethereum DeFi Tokens Rise
This news was brought to you by ANKR, our preferred DeFi Partner. Synthetix is soaring. Synthetix Leads DeFi Gains Synthetix closed the weekend in bullish mode after rising 21.9% Sunday through Monday. Source: CoinGeckoThe DeFi protocol’s SNX token is currently trading at $9.17 according to CoinGecko, which puts the project’s market cap at around $1.45 […]
Crypto Briefing’s CB10 Index Outpaces BTC in Q1, Q2
Key Takeaways The sixth rebalancing of Crypto Briefing’s CB10 was carried out at 10:00 EST on Jul. 1. Bitcoin was the only cryptocurrency to see a positive allocation during this month’s rebalancing. Solana replaced Polygon in the top ten index. The half-yearly gains of Crypto Briefing’s CB10 index have outperformed Bitcoin despite the market’s negative […]
Bitcoin Mining Council Says Mining Is 56% Sustainable
Key Takeaways The Bitcoin Mining Council has published a report on sustainable energy usage in the Bitcoin mining industry. The BMC report indicates that the mining industry’s sustainable electricity mix grew to 56% during 2021. Some have questioned whether BMC’s statistics are accurate. Mine Crypto The Bitcoin Mining Council, an open forum of companies in […]
Andre Cronje Launches Decentralized Forex on Ethereum
Key Takeaways Andre Cronje has published a blog post detailing his new DeFi venture, Fixed Forex. Fixed Forex lets users mint and exchange various fiat-pegged stablecoins by providing collateral. The final release of Fixed Forex will be deployed on top of Curve Finance. Cult DeFi architect Andre Cronje has announced a new decentralized stablecoin exchange […]
FaZe Clan Punishes Members for Alleged Crypto Scam
Prominent esports organization FaZe Clan has dropped one member and suspended three others after their alleged involvement in a pump-and-dump style crypto scam. FaZe Clan Denies Involvement in Scam FaZe Clan has taken action against several members for their involvement in an alleged crypto scam. It posted a statement on Twitter early Friday, detailing its […]
Binance Faces Regulatory Issues in Cayman Islands, Thailand
Key Takeaways The Cayman Island has started a probe against Binance stating that the country is not authorized to operate in the country. Thailand’s SEC has also filed a criminal case against Binance for operating a non-licensed exchange. Regulators in the U.S., U.K., and Japan have all raised similar concerns about the exchange in recent […]
JPMorgan Bullish on Ethereum Staking, Forecasts Growth
Ethereum’s shift to Proof-of-Stake could kickstart mainstream adoption and increase payouts, say two senior analysts at JPMorgan in a recent report. JPMorgan Backs Ethereum Staking JPMorgan thinks the cryptocurrency staking sector is poised for growth, according to a recent report. In the report, two analysts explain how Ethereum’s planned move to Proof-of-Stake will increase adoption […]
Robinhood Files for IPO, Says Dogecoin Is in Demand
Key Takeaways Robinhood’s S-1 document, filed in preparation for its stock offering, was published online by the U.S. SEC today. The document details Robinhood’s IPO plans alongside details concerning stock and crypto trading revenue. Though Robinhood is primarily a stock trading platform, much of its business involves Dogecoin and other cryptocurrencies. Stock and crypto trading […]
Balancer Launches on Polygon with $10M Rewards Program
Key Takeaways Balancer has launched on Polygon. The two projects have launched a joint liquidity mining program worth $10 million to attract users to the network. Polygon has welcomed many of Ethereum’s most popular DeFi projects in recent months. This news was brought to you by ANKR, our preferred DeFi Partner. Essential DeFi protocol Balancer […]
