Sun Nov 24 6:39 PM

Akropolis DeFi Platform Hacked for $2 Million in DAI

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Ana Andrianova, the Akropolis founder and CEO, has denied allegations that the latest attack was done similarly to the one DeFi protocol Harvest Finance encountered in October.Akropolis is the latest decentralized finance (DeFi) project to be hacked through flash loans. The Gibraltar-based DeFi platform...

Software for Cryptocurrency Exchanges: What’s Next for Market Players?

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At first considered quasi-legitimate get-rich-quick schemes, crypto exchanges are evolving into a strong business prospect with a long-term vision and tight cybersecurity measures. Their requirements for high-quality software are growing too. Cryptocurrency exchanges emerged in 2010, attracting a limited number of tech geeks. “These platforms...

USD Value of Crypto Liquidity Locked in DeFi Sector Hits All-Time High of $13.6B

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This year has seen a lot of surprises in the sector as its previous all-time high of over $12 billion was recorded in October 2020.Following the recent bull-run of Bitcoin price, the US dollar equivalent of the crypto liquidity found in all the DeFi...

Ripple Is Up with New Trademark ‘PayString’

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Amid the growing concerns about relocating its corporate headquarters due to regulatory concerns, Ripple Labs has filed a new trademark PayString.Ripple Labs Inc has filed a new trademark with the United States Patent and Trademark Office (USPTO) for a business entity dubbed PayString. According...

Another day, another hack: $2m in DAI drained from Ethereum DeFi app Akropolis

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With billions of dollars on the line, it is no surprise that the decentralized finance (DeFi) space has been rife with hacks and exploits on innocent contracts.To name one of the many recent exploits of DeFi contracts, Harvest Finance was hacked for $25-33 million...

Binance Enjoys $300M Inflow from Huobi Following Exchange Crackdowns in China

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According to a report, close to $300 million equivalent to 18,652 BTC has been moved from Huobi to Binance from the time the Chief Operating Officer of Huobi Robin Zhu disappeared on November 2, 2020, to November 11, 2020. Binance has become the next destination...

KuCoin Recovers 84% of Stolen Crypto Funds Following $280M Hack 

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KuCoin has restored full access to 176 tokens out of a total of 230 tradable ones and hopes to resume service for others before November 22.The hacked exchange KuCoin has managed to recover a substantial amount of funds after the hack that occurred in...

Billionaire Investor Ray Dalio Bets on CBDCs and Gold, Criticizes Bitcoin

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Dalio says that Bitcoin’s volatile nature leaves it with fewer use cases as a medium of exchange. He added that he would prefer Gold over Bitcoin.While Bitcoin (BTC) has successfully managed to melt the hearts of some of the biggest global investors, a few...

$1 billion worth of Ethereum is about to be released into the DeFi market

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In a few days’ time, on Nov. 17, Uniswap’s first yield farming opportunity will end.When the project’s governance token released in September, a yield farming opportunity was launched that allowed users to earn UNI by depositing liquidity into the decentralized exchange. This rapidly became...

MakerDAO’s DAI Becomes Third Stablecoin to Surpass $1B Market Cap

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Rune Christensen, MakerDAO’s founder said that it is a huge milestone for the DAI ecosystem to surpass the $1 billion level.As the stablecoin industry grows immensely due to high market demand, Ethereum-based stablecoin DAI has surpassed $1 billion market capitalization. At the time of...