Bitcoin DeFi project Elastos closes $20M investment round

Bitcoin mining difficulty took a second jump following the dip in mid-July as the mining ecosystem continues to turn back online. 803 Total views 28 Total shares The mining difficulty of Bitcoin (BTC) took a dive after China announced a crackdown on mining operations, which at its peak, contributed to three-quarters of the global hashrate.…

Grayscale must await final regulatory signoff on its registration filing before listing the fund

Auros is an algorithmic trading and market-making firm that provides liquidity for exchanges and token projects. 300 Total views 10 Total shares Crypto trading firm Auros Global appears to be suffering from FTX contagion after missing a principal repayment on a 2,400 Wrapped Ether (wETH) decentralized finance (DeFi) loan.Institutional credit underwriter M11 Credit, which manages…

A sharp sell-off across the cryptocurrency market Tuesday—that saw top tokens like Bitcoin (BTC), Ether (ETH), Cardano (ADA), and Solana (SOL) fall by double-digital percentages—created a venue for stablecoins to prove their worth.The fixed-price cryptocurrencies offered interim protection to traders from the notorious crypto price volatility. They did so by almost maintaining their one dollar-peg…

Aave has launched its v2 liquidity mining program, offering roughly $880,000 worth of governance token rewards to users daily until July 15. 493 Total views 2 Total shares Aave has launched liquidity mining incentives for its v2 protocol, paying out governance token rewards exceeding 20% to users who borrow stablecoins. At the time of writing, users…

Attacker demands ten times the $300,000 bounty offered after apparently laundering a third of the stolen loot. 1822 Total views 10 Total shares A hacker, who on Monday stole $8.3 million from the private wallet of Nexus Mutual CEO Hugh Karp, has sent a ransom demand for $2.66 million in Ether (ETH) embedded in the…

Brian Armstrong, CEO of major United States cryptocurrency exchange Coinbase, believes that crypto mass adoption mostly depends on volatility, scalability and usability. Armstrong made his claim during a live ask-me-anything (AMA) session on April 2.Armstrong ran the 45-minute AMA on Tuesday, answering selected questions submitted by the crypto community. Addressing the first question, on the…