Tag Archives: AA News

The cross-chain DeFi protocol THORChain suffered another major hack for $8 million. Last week the protocol was drained with a further $8.3 million in a separate attack. THORChain Got Hit Again The decentralized cross-chain exchange THORChain experienced a “sophisticated attack” on its ETH Router. The protocol announced on Twitter that this time the perpetrators drained around $8 million worth of Ether: “THORChain has suffered a sophisticated attack on the ETH Router, around...

The Acala Foundation has recently announced the launch of its decentralized exchange (DEX), Karura Swap on the Kusama and Polkadot ecosystem, with its so-called “first trustless trading pair” KSM/KAR already available for trading. Over $3.4M in TLV In a Friday announcement, Acala noted that the KSM/KAR pair currently has over $3 million in Total Value Locked (TVL) and will now be traded on the Karura Swap platform. KSM and KAR are the native tokens of Kusama and Karura...

Jack Dorsey, the CEO of Twitter – one of the largest social media platforms on Earth – said that Bitcoin will be a big part of the company’s future. Yesterday, July 22nd, Twitter published its Q2 2021 letter to shareholders, as well as its Q2 Earnings Conference Call. During the call, Jack Dorsey discussed many things, but Bitcoin and digital currencies took somewhat of a central stage, especially in light of current events and the fact that he’s been talking about it quite a...

Thomas Peterffy – Founder and Chairman of Interactive Brokers – revealed he had personally purchased some cryptocurrencies for himself. In addition, the billionaire stated that the clients of his company have been showing a growing demand for digital assets services. ‘You Have to Play The Odds’ During a CNBC interview, the Hungarian-born businessman Thomas Peterffy admitted that he has invested in cryptocurrencies. Despite saying that he is still skeptical over the long-term...

Retail wealth clients at American banking giant JPMorgan Chase & Co have been given access to several cryptocurrency products, including Grayscale Bitcoin Trust (GBTC). The move makes the bank the first major financial institution in the United States to do so. JPMorgan Approves Five Crypto Funds The bank issued a memo to its financial advisors earlier this week, giving them the green light to give all retail wealth clients access to crypto funds, Business Insider...

Trevor George Smith Jr., better known for his stage name Busta Rhymes, is now officially a Bitcoin holder. He broke the news in a tweet following yesterday’s discussion between Elon Musk, Jack Dorsey, and Cathie Wood. CryptoPotato reported earlier in July that Busta Rhymes is looking into the cryptocurrency market. It took him less than a few days to officially become a Bitcoin HODLer. Today, he broke it to his 3.8 million followers that he’s bought BTC and that he’s looking...

Wyre, a blockchain payments provider, announced today that developers around the world are now able to provide USDC stablecoin to customers in the Polygon ecosystem. The feature was made possible through a partnership with Polygon. Wyre Integrates With Polygon Wyre said in a press release shared with CryptoPotato that the integration of its Checkout API with Polygon will allow developers to quickly and easily provide a fiat-to-USDC on-ramp for their users. Meanwhile, the...

Tether, the company behind the biggest stablecoin by means of total market cap – USDT – has announced that CREAM Finance has become the first DeFi protocol to support their Euro-pegged EURt token. According to a recent press release, CREAM Finance – a well-known DeFi protocol, has become the first to integrate Tether’s EURt stablecoin into its lending platform. Users on the platform will be able to access EURt for lending and for borrowing. Meanwhile, they can also do so...

Celer Network, the layer 2 scaling platform, has announced that its multi-chain network is live on the mainnet. Dubbed cBridge v1.0, it will enable users to transfer assets across several blockchain networks, including Ethereum, Binance Smart Chain, Polygon, and Arbitrum. cBridge v1.0 Goes Live on Mainnet The blockchain-based project announced its latest milestone in a press release shared with CryptoPotato. The statement informed that cBridge v1.0 aims to “tackle a few of...

While the world worries about the fall of Bitcoin prices, billionaires are increasingly enamored with the cryptocurrency. A recent Goldman Sachs study revealed that at least 45% of family offices are interested in investing large amounts of money in cryptocurrencies. Family offices are firms in charge of managing the money of billionaires such as Amazon’s Jeff Bezos, Google co-founder Sergey Brin or Alibaba’s Jack Ma. Generally, each office manages the wealth of a family....