Tag Archives: social

Decentralized lending protocol Cream Finance has suffered a flash loan attack, losing over $130 million worth of various crypto assets. This was the third successful hack against the popular DeFi project in the past year. Cream Finance has confirmed it suffered an exploit this Wednesday through a flash loan attack, compromising mostly Cream LP tokens and other ERC-20 coins. Blockchain security firm PeckShield was the first to identify the attack. Data from blockchain explorer...

What started as a joke cryptocurrency is now becoming a serious investment for retail traders. Shiba Inu (SHIB) has made tremendous gains in the past month – outperforming other cryptocurrencies and hitting consecutive all-time high records with the latest at over $0.000068 earlier on October 27th. Another ATH for SHIB The crypto meme, which promised to be a Dogecoin-killer upon its launch last year, has surged nearly 900% in the past month, 100% in the last seven days, and...

Crypto exchange and token listing platform CoinList has recently announced the completion of its Series A funding round, which raised $100 million from industry investors. In an official blog post, CoinList noted that the funds will be geared toward scaling its services and operations and supporting its global community of early adopters. A $1.5B Market Valuation Graham Jenkins, the company’s CEO, commented that the company will look to “deepen” its relationships with its...

The cryptocurrency market took a hit today as its capitalization lost around $150 billion in the past few hours. This also saw a little over $900 million worth of long and short positions liquidated. As we reported earlier today, bitcoin’s price tumbled below $60K and tested the support found at $58.3K. This sent the entire market downwards as almost all cryptocurrencies saw double-digit declines with the exception of a few. Shiba Inu’s SHIB, AAVE, and 1inch were the major...

The Decentralized Finance (DeFi) sector is riding strong in October after a month-long market lull. The latest charts show figures hitting all-time highs with respect to liquidity stored on these protocols. The total value locked (USD) has established a new peak after soaring above $236 billion on October 26th. According to Defi Llama, the TVL figures have maintained a steady uptrend over the past month. In addition to the broader cryptocurrency realm, DeFi too had a rather...

Thanks to the growing influence of stablecoins on the financial system, regulators across the world are racing to regulate the sector. The stablecoins realm is a step closer to achieving regulatory clarity as the US Securities and Exchange Commission (SEC) has geared up to propose legislation and supervise the $131 billion industry. US Financial Watchdog Readies Stablecoin Regulations Citing sources familiar with the matter, Bloomberg reports that developments surrounding...

After outlining two new partners in its attempts to enhance cryptocurrency mass adoption, Bakkt’s stock prices went through the roof yesterday. This comes just a few weeks after ICE’s Bitcoin service arm became a publicly traded firm. CryptoPotato reported yesterday Bakkt’s collaboration with Mastercard. The latter plans to integrate digital assets into many of its products and tapped Bakkt to do so. Shortly after, news broke that ICE’s firm has also partnered with Fiserv – a...

The cryptocurrency space has seen numerous prominent individuals who went from criticizing it to joining it years later. Jordan Belfort, who used to bash bitcoin but later predicted it will tap $100,000, is now a keen supporter of the non-fungible token industry. NFTs have garnered the attention of numerous celebrities outside of the cryptocurrency space in the past year. Individuals like Tom Brady, Steph Curry, Eminem, and Paris Hilton, to giant organizations like Marvel...

The Facebook whistleblower, Frances Haugen, has revealed her financial future is “fine” as she bought an undisclosed amount of crypto at “the right time.” Financial Backup Thanks to Crypto During an interview with the New York Times, Haugen said she’s currently maintaining her shelter in Puerto Rico thanks to cryptocurrency investment. She manages her own financial resources despite receiving money from nonprofit organizations (NPO).  Last week, Politico reported that Haugen...

In another venture within the digital asset space, Mastercard is preparing to expand the cryptocurrency economy in a whole new way, according to a recent report. The payment services giant will soon announce the provision of crypto-integrated services to every bank and merchant on its network. Mastercard’s Big Crypto Plan As revealed by CNBC earlier today, banks using Mastercard will be able to integrate cryptocurrency into many of their products. These could include credit...