The sudden market crash in the crypto space liquidated many traders — and according to data shown on the blockchain, the attackers responsible for the infamous BNB Chain exploit which led to the theft of almost $600 million worth of BNB (BNB) tokens. On Oct. 6, the cross-chain bridge by blockchain network BNB Chain was suspended because of an exploit…
Arbitrum, an Ethereum rollup with assets worth $5.77 billion bridged to it, continued to see increased growth last quarter. The activity comes after a highly anticipated airdrop in March this year. The layer-2 blockchain witnessed strong activity based on the “consistently higher” transaction count and “influx of new participants,” according to a Nansen report shared with Decrypt. Notably, the blockchain…
The Bitcoin (BTC) and Ether (ETH) price slump on Aug .18 saw the top two cryptocurrencies fall to a 2-month low and triggered a series of liquidations for thousands of derivative traders. The crypto bloodbath led to billions of dollars worth of hedged positions being liquidated and several traders lost millions of dollars in a single trade. According to Coinglass…
Tokenized asset firm Securitize continues expanding investor access to private market alternative assets with the acquisition of the cryptocurrency fund manager Onramp Invest, which manages more than $40 billion in assets. Securitize is planning to simplify the access of registered investment advisors (RIA) to private equity, private credit and secondary asset classes with the acquisition of Onramp. The acquisition brings…
In the complex world of finance and business, bankruptcy serves as a crucial mechanism that allows struggling companies to reorganize and regain financial stability. One of the most well-known forms of bankruptcy is Chapter 11, a legal process in the United States that grants businesses the opportunity to restructure their operations while protecting them from creditors’ immediate demands. This article…
North Korean hackers continue to threaten the broader cryptocurrency ecosystem, having stolen an estimated $2 billion of crypto over the past five years. Blockchain intelligence firm TRM Labs released its latest deep dive into the murky world of cryptocurrency-related hacking, focusing on the exploits of North Korean cybercriminals. According to TRM Labs’ data, North Korea has stolen around $200 million…
A crypto whale holding massive amounts of Ether (ETH) sold $41 million worth of the asset a few days before the market crashed, avoiding a potential $5 million loss. The trade was flagged by the blockchain analysis platform Lookonchain which follows and shares what they consider to be smart trades. On Aug. 18, the crypto whale deposited 22,341 ETH to…
August 18, 2023 | Asset Listings, News We’re thrilled to announce that PayPal USD (PYUSD) is now available on Kraken! Deposits and withdrawals are live and PYUSD will start trading on Kraken on August 21. Funding your account Add PYUSD to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit. Only deposit PYUSD on the Ethereum…
Employees may now need to finally brush up on their AI prompting, per new research. Due to the introduction of artificial intelligence (AI) and automation, a new report from IBM explains, roughly 1.4 billion people will be affected. In fact, forty percent of workers will need new job skills over the next three years, according to a survey of thousands…
Alrogrand (ALGO) made a new all-time low yesterday of $0.09, per CoinGecko data, amid a broad bearish move in the market. Alrogrand is a proof-of-stake based layer-1 blockchain launched in June 2019. The ALGO price was looking to establish support above the $0.11 since June’s breakdown. However, yesterday’s market slump dragged the token’s price to a new all-time low of…
