AI tokens surge ahead of ‘Super Bowl’ Nvidia earnings report
Artificial intelligence-based crypto assets have surged as much as 70% in the past seven days as all eyes fall on Nvidia’s incoming earnings report.
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Bridge attacks will still pose major challenge for DeFi in 2023: Security experts
Hackers have stolen over $2.5 billion through vulnerabilities on cross-chain bridges in the past two years. 54 Total views 2 Total shares Ho-ho-ho! Get Limited Holiday Trait!Collect this article as NFTSecurity has been a critical challenge for decentralized finance (DeFi) and its evolution. Between 2020 and 2022, hackers stole over $2.5 billion through vulnerabilities on cross-chain…
Crypto fund outflows reach $417M over 8 weeks as investor caution persists
According to CoinShares, digital asset investment product outflows amounted to $88 million last week. 68 Total views 2 Total shares On June 12, European cryptocurrency investment firm CoinShares published its latest weekly “Digital Asset Fund Flows Report,” revealing that cryptocurrency investment products experienced outflows of $88 million last week. The substantial drawdown added to the ongoing eight-week…
Huobi Derivatives Introduces Circuit Breaker and Partial Liquidations
Huobi’s derivatives trading platform, Huobi DM, has announced a new ‘partial liquidation’ feature that aims to limit trading losses.Sudden market swings can immediately liquidate highly leveraged positions and cause extensive user losses, as seen during the last week’s Bitcoin price crash. The platform’s new liquidation mechanism will jump into action when markets face turbulence to mitigate…
Cantor Fitzgerald CEO to co-lead Trump transition team
The financial services company has managed the Treasury portfolio for stablecoin issuer Tether since 2021.
Bitcoin rally hopes diminish as pro traders flip bearish, retail interest at 12-month lows
Bitcoin (BTC) has been trapped in a symmetrical triangle for 56 days and the trend change could last until early May, according to price technicals. Currently, the support level stands at $38,000, while the triangle resistance for daily close stands at $43,600.Bitcoin mining up, retail interest downBitcoin/USD price at FTX. Source: TradingViewThe week started with…
Total supply of stablecoins dropped sharply for first time ever in Q2
A separate graph also saw USDC and BUSD supply drop sharply in May, however both have since rebounded and are close to being back to their respective all-time high levels. 190 Total views 3 Total shares The total supply of stablecoins saw its sharpest drop in history during Q2 2022, with stablecoin redemptions spiking as…
Zuckerberg: Facebook Would Leave Libra if It Launched Too Early
Facebook could withdraw from the Libra Association — the governing body of the eponymous stablecoin project — should it launch without approval from regulators in the United States. Libra could lose its primary memberIn a Congressional hearing on Oct. 23, Facebook CEO and founder Mark Zuckerberg reiterated the company’s commitment to not launch its planned cryptocurrency…
Mining Titan BHP to Use Blockchain for Iron Ore Sales to Top Steel Producer
Multinational mining titan BHP Group expects to complete its first blockchain iron ore transaction with major Chinese steel producer Baosteel in the near future. 777 Total views 11 Total shares Multinational mining titan BHP Group expects to complete its first blockchain iron ore transaction with China’s Baowu Steel Group’s listed arm, Baosteel, in the near…