Crypto Exchange Coinbase Suspends Algorand Staking Rewards

Hackers that targeted crypto wallet Atomic Wallet in a $35 million heist earlier this month have used cross-chain liquidity protocol THORChain to conceal their ill-gotten gains, according to blockchain sleuth MistTrack.MistTrack states that 503.08 ether (ETH), or around $870,000, connected to the hack was transferred to THORChain in the last two days before being swapped…

Nov 4, 2020 at 19:54 UTCUpdated Nov 4, 2020 at 19:57 UTCU.S. federal prosecutors are seeking a substantial prison sentence for Robert Farkas, one of the co-founders of crypto project Centra Tech, which garnered multiple celebrity endorsements for its initial coin offering (ICO) in 2017. Farkas later pleaded guilty to fraud. In a sentencing submission filed…

Curve Finance founder Michael Egorov's on-chain debts to several lending platforms stand at roughly $80 million despite his frantic efforts this week to raise funds that could stave off a liquidation crisis.Egorov raised at least $28.8 million by dumping 72 million CRV tokens at $0.40 cents a piece through over-the-counter (OTC) sales, according to on-chain…

Nov 17, 2020 at 11:00 a.m. UTCPolkadot founder Gavin Wood (Christine Kim/CoinDesk)As DeFi Grows, Investors Look to Polkadot to Be the Next EthereumLook no further than the rapid growth this year in the white-hot arena of decentralized finance, or DeFi, and it’s clear why the Ethereum blockchain is dominating so many conversations right now in…

The bitcoin paid to a California car dealership in 2013 would now be worth $4.1 million.Feb 10, 2021 at 7:15 p.m. UTCUpdated Feb 10, 2021 at 7:39 p.m. UTCBitcoin Pizza, Meet Bitcoin Tesla: Someone Bought a Model S in 2013 for 91.4 BTCA Tesla has sold for bitcoin before, perhaps with a side of buyer’s…

news Payments company Square reported its first-quarter earnings today, revealing strong growth in bitcoin sales through its Cash app. Founded by Twitter co-founder Jack Dorsey, Square reported $65.5 million in bitcoin revenue for the first quarter of 2019. Bitcoin costs, however, are listed at $64.7 million in the unaudited quarterly report, for a bitcoin profit of roughly…

news Coinbase is adding the ethereum stablecoin DAI to its Earn program. It’s the second addition to the crypto unicorn’s education initiative this month, following the announcement of EOS support on June 1. Earn allows Coinbase users to receive crypto in exchange for watching videos and completing quizzes about various protocols. DAI becomes the first stablecoin…

Good morning. Here’s what’s happening:Prices: Inflation data barely stirred crypto markets, but a partial Ripple victory on Thursday sent bitcoin and other major digital assets sailing higher.Insights: While the number of large bitcoin holders increases, bitcoin sent to exchanges continues to fall.Crypto Prices Sail Way UpwardA partial victory for Ripple in its fight with the…

Jack Schickler is a CoinDesk reporter focused on crypto regulations, based in Brussels, Belgium. He doesn’t own any crypto.Hungary sees no urgent need for a widely available central bank digital currency (CBDC) but is experimenting to see if one could help the unbanked, a senior official said on Wednesday.In principle, as a European Union (EU)…