Category Archive: Cryptocurrency, No picture
Bitcoin SV Price Holds Despite 51% Attack
Key Takeaways Bitcoin SV, a Proof-o-Work fork of Bitcoin Cash created by Craig Wright, has suffered a 51% attack. Bitcoin SV blocks were reorganized by an unknown miner, who continues to have influence in the network. Despite the incident, the price of BSV has only declined by around 6%. After Bitcoin SV has been hit […]
DeFi Project Popsicle Finance Suffers $25 Million Attack
Key Takeaways Popsicle Finance has been hacked, with attackers draining approximately $25 million. The attacker tricked the Fragola liquidity manager into paying out large amounts of Ethereum. The attack on Popsicle Finance was bigger than all previous hacks in July combined. This news was brought to you by ANKR, our preferred DeFi Partner. Yield optimization […]
Monero Developer Comments on Fluffypony Arrest
Key Takeaways Details around Riccardo “Fluffpony” Spagni’s arrest have emerged. The Monero development team has locked certain accounts in case authorities demand information from Spagni. Meanwhile, Spagni and his lawyers have commented on the case, arguing that he can safely be released. New details around the arrest of Riccardo “fluffypony” Spagni emerged today. One Monero […]
SEC’s Gary Gensler Calls For Further Crypto Regulation
Key Takeaways Gary Gensler believes cryptocurrency transactions are often used to skirt laws and launder money. He added that the asset class was rife with fraud and scams, and insisted on protecting US investors. He implied that more regulation was coming for exchanges who would also receive more guidance from the SEC. While many expected […]
dYdX Airdrops New Governance Token to 64,000 Users
Key Takeaways DYDX will be the new governance token of its namesake exchange. The token will be distributed to users who have interacted with the protocol before July 26th 2021. While the tokens can be claimed already, users will need to wait until September 8th for it to become transferrable. More than 64,000 Ethereum addresses […]
BNB in Danger Amid Binance Regulatory Pressure
Key Takeaways Binance Coin has enjoyed an impressive 32% rally over the last two weeks. Despite the significant gains, BNB appears to have formed a bullish-to-bearish reversal pattern. Losing the $314 level as support could mark the beginning of a steep correction. This Exchange News was brought to you by OKCoin, our preferred Exchange Partner. […]
Privacy Coin Zcash Weighing Proof-of-Stake Move
Key Takeaways Zcash founder Zooko Wilcox wants to move Zcash to Proof-of-Stake. The primary concern isn’t the environment, but greater security at a lower cost. Wilcox believes the value proposition of privacy coins has never been greater than now. Zcash is considering moving away from the energy-intensive Proof-of-Work consensus algorithm to the lighter, faster, and […]
HSBC the Latest U.K. Bank to Block Payments to Binance
Key Takeaways HSBC has become the latest bank to block credit card payments to Binance. The bank stated “possible risks to customers” as a reason for implementing the restriction. Over the past month, Binance has taken steps to appease regulators. HSBC has informed customers that it will stop credit card payments to Binance “wherever possible.” […]
Top Senator Slams Infrastructure Bill Crypto Tax Draft
Key Takeaways Senator Pat Toomey has said that Congress should be careful about passing the proposed U.S. infrastructure bill. He argued that the crypto provision within the bill should be amended as it may be “hastily-designed”. The bill proposes that all “brokers” in the cryptocurrency sector should report crypto transfers to the IRS. Some American […]
Alchemix Plummets After Suspected Insider Trading Blunder
This Exchange News was brought to you by OKCoin, our preferred Exchange Partner. Alchemix has fallen over 15% after Coinbase announced support for the similarly-named asset Alchemy Pay. Alchemix Drops on Failed Insider Trading It seems someone got confused between Alchemix and Alchemy Pay. Yield tokenization protocol Alchemix dropped over 15% on Monday following the […]
