Tag Archives: Blockchain Technology

The strange and crazy circumstances surrounding the recent hacking of the Poly Network have reached an odd, yet definitive conclusion. The Poly Network Is Rich Again! Not long ago, the Poly Network – which hosts several blockchains including those of Ethereum, Binance and of course, Poly – stated that it was the victim of a hack that saw more than $610 million in digital funds practically vanish overnight. The company halted all withdrawals and deposits and said in a...

Not long ago, Live Bitcoin News reported a story that the Poly Network had been hacked. The organization lost more than $610 million in digital funds at the hands of a hacker who claimed in a future Q&A session that he was only doing it “for fun.” The Poly Network May Employ Its Hacker In a strange twist, the hacker ultimately returned more than half of the stolen money, saying that he was never about the riches but rather that he was interested in taking advantage...

The Poly Network – which hosts several blockchains such as Binance, Ethereum and Polygon – has been hacked, resulting in more than $610 million worth of cryptocurrency being stolen. This is the largest decentralized network attack in the history of the cryptocurrency space. The Poly Network Is the Latest Crypto Hack Victim In a recent Q&A session regarding the event, a participant spoke out and claimed to be the person behind the attack. In the session, the...

Blockchain analysis firm Chainalysis has closed a new funding round that garnered the company an additional $100 million from various investors. The enterprise is now valued at a whopping $2 billion, which is double what the company was valued at just a few months ago. Chainalysis Closes Its $100 Million Funding Round The funding round was headed by Paradigm, a crypto-centered venture capital firm. Money also came from the likes of Salesforce CEO Mark Benioff, who saw...

Everyone has been making a huge deal out of bitcoin these past several months. The world’s number one digital currency by market cap has surged in price, reaching a new all-time high just a few weeks ago of $61,000 per unit. However, according to Daniel Gouldman – CEO and co-founder of blockchain firm Ternio – people have the wrong idea, and by focusing too much on bitcoin, they are focusing on just one aspect of what is arguably a much larger arena. Gouldman: Blockchain...

Who would have ever thought that the world of blockchain technology and the world of art would ever collide? The past few years have shown that digital artists can, indeed, make a nice living with blockchain’s help, and now Christie’s Auction House is looking to get in on the action.Christie’s Auction House Views ETH with PositivityThe company has recently stated that all art pieces put up for sale or auction in the future can be paid for with Ethereum, the second-largest cryptocurrency by...

As banks and bitcoin begin to merge, so do their ideologies and the brains behind them. Over the past few years, we have seen many standard banking executives make the transition to the crypto space. We have also seen many banks begin to offer cryptocurrency-related services, and now Diana Biggs is looking to ensure this trend continues.Diana Biggs Joins the Ranks of ValourBiggs is an early bitcoin thought leader. She is now joining the ranks of Valour, a blockchain company in Switzerland...

Mark Cuban is back in the news talking about bitcoin. In the past, Cuban has been relatively lukewarm when it comes to the world’s number one digital currency by market cap. While the basketball team he owns – the Dallas Mavericks – will accept crypto payments for merchandise and tickets, Cuban himself doesn’t always see value in digital assets.Mark Cuban Has Mixed Thoughts on BTCNow, in a new interview, the billionaire stockholder claims that bitcoin will never be a valid currency, and he...

The total value of the DeFi market has jumped by 2,000% in just twelve months, but compared to the total market capitalization of all cryptocurrencies, DeFi accounts for less than 2%. This means that there is plenty of room for growth and in 2021, DeFi could take off if the authorities do not impose any restrictions or attack the growing number of stablecoins.It is possible that the total value locked in the DeFi space will surpass $100 billion, as there will be greater integration of...

New social media platforms are popping up all over the place as of late, and one – Uhive – is powered by cryptocurrency.Uhive Is Doing Things a Little DifferentlyBased in the United Kingdom, Uhive is a unique social platform in that it is powered entirely by digital currency technology. Recently, the company set out on a funding round of 500,000 pounds, which it easily surpassed. Either people are terribly sick of the likes of Facebook and Twitter – which they probably should be, given how...