Justin Sun says removing 12K Bitcoin from USDD is just ‘DeFi 101’
USDD’s Bitcoin collateral was removed without a vote from its DAO, but Justin Sun insists it’s a normal event in DeFi.
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Crypto Exchange Service Helps Bithumb Recover 1 Million XRP After Massive June Hack
Hong Kong-based crypto exchange service Changelly has announced that it helped South Korean exchange platform Bithumb recover 1,063,500 Ripple (XRP) in stolen assets following a massive hack in June, a press-release stated, Oct. 26. In June 2018, hackers attacked South Korea’s leading crypto exchange Bithumb. As soon as security specialists had detected the theft, the…
Russian central bank signals agreement with crypto law revisions: Report
A top Russian central bank official said at a press conference that the monetary authority will permit foreign trade with crypto. 112 Total views 9 Total shares First deputy governor of the Russian central bank Ksenia Yudayeva stated Tuesday that the bank is open to using cryptocurrency for international payments, Reuters reported, along with Russian…
Bears batter Bitcoin market sentiment as Bitfinex margin shorts surge 378%
Bitcoin (BTC) bulls should brace for a potential onslaught from bears as the number of margined short positions on Bitfinex jumps by a little over 378%.Known to most by the ticker BTCUSD Shorts, the dataset records the number of bearish positions in the Bitcoin market. In simple terms, traders borrow funds from Bitfinex — their…
Foundry USA becomes second-largest Bitcoin mining pool amid China ban
New York-based Foundry USA contributed to a 15.42% share of the network hash rate and is just 4,000 PH/s behind AntPool. 482 Total views 14 Total shares New York-based crypto-mining service provider Foundry USA takes the lead to become the world’s second-largest Bitcoin (BTC) mining pool after taking up a 15.42% share of the network.Data…
Layer 2 network Arbitrum ships guarded launch, attracts major DeFi protocols
The optimistic rollup network enjoyed had a popular, if rocky, beta launch. 1982 Total views 7 Total shares In a landscape of so-called scaling solutions primarily composed of sidechains and EMV-enabled competitors, one widely anticipated “rollup” layer 2 sidechain for Ethereum has finally arrived. Offchain Labs announced the launch of Abritrum One with a blog post…
Fed’s ‘juice’ into crypto has analyst eyeing ‘trimming’ opportunities
The US Fed’s decision to cut interest rates was just “catching up to market expectations,” as an analyst argues a lot of the added “juice” was already priced in the riskier assets.
Top Cryptocurrencies See Moderate Losses, Bitcoin Below $3,800
Wednesday, Dec. 5: All but one the top 20 cryptocurrencies registered losses in the last 24 hours, Bitcoin (BTC) lost most of its recent gains, sinking below $3,800.Market visualization from Coin360.ioBitcoin started the day near $4,000 and continued to fall until it reached its current price of $3,769, down 4.37 percent on the day. On…
Not taking the time to learn about BTC is ‘Europe’s biggest risk,’ says Belgian MP
The Brussels Minister who puts his entire 5,500 salary into Bitcoin on the first of every month sat down with Cointelegraph to discuss Bitcoin. 1179 Total views 35 Total shares Christophe De Beukelaer is the first European politician to convert his entire salary to Bitcoin (BTC). He kicked off 2022 with the bold move, hoping to…