Ethereum’s recent pullback could be a gift: Dynamo DeFi, X Hall of Flame

Bitcoin (BTC) is benefitting from inflows of fiat currency as stablecoin Tether (USDT) increases its supply, the CEO of cryptocurrency exchange Kraken told finance news channel TD Ameritrade Network on July 1.In an interview, Jesse Powell took issue with suspicions about tether due to its ongoing legal battle with the New York Attorney General. “Historically, when…

Balancer hacked twice within 24 hours, though this time the sum is relatively small. 3160 Total views 91 Total shares We recently reported that the Balancer DeFit protocol suffered a $500,000 attack. Less than 24 hours later, a second attack claimed about $2,300 worth of Compound tokens (COMP).Hao, an engineer at DeBank, tweeted that an…

An SEC suit against the operators of a $30 million allegedly fraudulent ICO has been stayed pending the conclusion of parallel criminal proceedings. 1239 Total views 20 Total shares A judge has granted a motion from the U.S. attorney’s office to pause the SEC’s action against Edit Pardo and Boaz Manor for their involvement in…

While the current climate seems uneasy for all cryptocurrency businesses, some of them have to deal with extra difficulties.Earlier this month, investors filed a class-action lawsuit against Canaan, a Nasdaq-listed cryptocurrency mining hardware producer. The case is largely based on a February report submitted by an analysis organization called Marcus Aurelius Value, which argued that…

The millionaire profits put NetWalker as one of the most profitable pieces of ransomware during 2020. Cybersecurity firm McAfee released a study showing the activities of NetWalker, a ransomware first known as Mailto that was initially discovered in August 2019.According to the report, the operators of NetWalker have collected over $25 million from ransom payments…

Liquidity provider fees for Uniswap have surpassed BTC network revenue on a seven-day average. 2557 Total views 15 Total shares Uniswap has surpassed Bitcoin in terms of daily fee generation for two days in a row.The fee flippening was observed by crypto industry blogger Evan Van Ness citing figures from CryptoFees, a website that compares…

Analysts say Bitcoin could sink as low as $50,000 but said strong macro and an entrenched “buy the dip” mentality could see price rebound quickly.

The 25 basis point rate hike by the Federal Reserve on July 26 and the subsequent commentary by Fed Chair Jerome Powell failed to catapult Bitcoin (BTC) out of its range. This suggests that the event did not have any surprises and the outcome was already priced in by the markets.The crypto markets continued their…