Hackers Exploit DeFi Project Cover Protocol, COVER Token Price Tanks 90%
In one of the biggest attacks in the DeFi space, hackers exploited the DeFi project Cover Protocol by liquidating nearly 12K COVER coins and injecting an additional supply of 40 quintillion Cover “coins”.DeFi project COVER staking protocol has recently been the victim of a...
Altcoin Rally Dimming Bitcoin’s Shine, Polkadot Gains 34% in One Week
Polkadot (DOT) saw daily gains of 22.5% wrapping up an impressive week with an almost 34% rise in its value.
Bitcoin bullish run looks to have come to a halt amidst an altcoin rally which has seen relatively lower coins put up impressive performances in...
Grayscale’s AUM Hits $19B, Up from $16.4B Announced Week Ago
While it may be too early to project the possible performance of Grayscale in 2021, the spate of patronage the company recorded in the last two quarters of 2020 looks quite inspiring.In what confirms the continued embrace of Bitcoin (BTC) and altcoins by institutional...
Ethereum (ETH) Price Shoots to $725, Analysts Predict Bullish 2021
As BTC continues to hit new all-time highs, Ethereum (ETH) has also joined the rally surging past $725 levels in a strong bull run. Analysts say that the Ethereum journey is just getting started and 2021 could be an even bigger year for the...
Why Tether (USDT) Is Exploding on TRON
Overall, $6.6 billion worth of Tether (USDT) now exists on the TRON blockchain, and between 300-400k USDT transactions are conducted each day on TRON making it arguably the number one network for USDT.
If you’re a stablecoin user, odds are you are aware that Tether...
Mike Novogratz Hopes Biden Administration to Provide Favorable Crypto Regulations
Mike Novogratz said that investors remain confident in the top crypto asset, regardless of the Trump administration’s rules.Ex-hedge fund manager and Galaxy Digital founder Mike Novogratz hopes that the incoming Biden administration would provide “open-minded” regulations for digital assets. A few months ago, the...
Japan to Launch Feasibility Study into CBDC
A report by the Bank of Japan indicates that to be prepared in case of the great need for a CBDC, the bank will launch a feasibility study.
Japan is set to launch a study into the feasibility of a digital currency (CBDC) for use...
US Presidential Advisory Group Insists on Regulation of Stablecoins
On Wednesday, President Trump’s Working Group on Financial Markets published a report regarding stablecoins retail payments perception amongst the public.A certain leading US financial regulators group has recently issued a new statement regarding stablecoins. The group recommended that the same regulation used in other...
Grayscale Gains Additional $3B to Record $16.4B Asset Under Management
On 14 December 2020, Grayscale announced publicly that their Asset Under Management had increased to $13 billion for the first time. Interestingly, this has increased to $16.4 billion in a little over a week. Grayscale Investment Trust LLC (OTCMKTS: GBTC) is continuing its impressive performance...
Ethereum 2.0 Deposit Contracts Hold More Than 2M ETH Worth Over $1B
Within three weeks of the launch of Ethereum 2.0 Beacon Chain, the Ethereum deposit contracts have seen over 2 million ETH inflows which is 380% more than the threshold value.Within three weeks of the launch of Ethereum 2.0 Beacon Chain, the deposit contracts are...