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TopFor the First Time in 8 Years: Bitcoin Marks 6 Consecutive Red Weekly Candles

Bitcoin’s price has suffered quite a bit since the end of March, losing over $15,000 in this period. Moreover, the asset’s downwards trajectory has set a negative record as it closed six consecutive weeks with red candles for the first time in nearly eight years.

2022-05-09 18:55 CryptoPotato516100

TopLuna Foundation to Loan $1.5B in BTC and UST to Defend Stablecoin’s Peg

This isn’t the first time UST has lost its peg. But the controversial algorithmic stablecoin de-pegged yet again just days after the Luna Foundation Guard (LFG), the organization backing it, purchased $1.5 billion in Bitcoin to fortify the stablecoin reserve.

2022-05-09 17:52 CryptoPotato670083

TopCULT DAO’s Revolt 2 Earn Concept Draws the Attention of Anonymous

London, UK, 9th May, 2022, Chainwire Mr O’Modulus [email protected]

2022-05-09 15:55 The Crypto Basic883604

PoW Miners Rake in Profits Mining ETH Until the End, Ethash Networks Expect a Boost, JPMorgan Strategists Say ETC Could Benefit

In just over a month’s time, The Merge is likely to be implemented on the Ethereum blockchain and the network’s proof-of-work (PoW) miners will be forced to mine another coin. So far, it seems ethereum miners are sticking with the PoW Ethereum chain until the very end as profits have increased. While Ethereum will change the consensus ruleset, a great number of crypto community members are attempting to guess where the hashrate will go after The Merge transition. What do you think about The Merge and how miners will need to make a choice in 32 days when it comes to choosing an Ethash supporting blockchain? Let us know what you think about this subject in the comments section below. Disclaimer

2022-08-16 05:33 Bitcoin.com12

Over 1.2 Billion aUSD Minted in an Exploit of Polkadot’s DeFi Hub Acala

Polkadot’s decentralized finance (DeFi) hub Acala suffered a major attack on its newly launched liquidity pool on Sunday. The exploit allowed the hacker to mint more than 1.2 billion aUSD, the project’s stablecoin.

2022-08-16 05:32 CryptoPotato10

Another Stablecoin Depegs From USD Parity, Polkadot-Based AUSD Loses 98% in Value

2022 has been the year of broken stablecoins as a myriad of dollar-pegged crypto assets depegged from their dollar value this year. On August 14, the Polkadot-based stablecoin alpaca usd (AUSD) dropped below a U.S. penny in value, only to bounce back to the $0.95 region hours later. Reports say that the Acala protocol was compromised and an attacker managed to mint 1.2 billion AUSD. What do you think about alpaca USD (AUSD) de-pegging from the $1 parity on Sunday? Let us know what you think about this subject in the comments section below. Disclaimer

2022-08-16 05:32 Bitcoin.com12

Binance CEO's Warning About Wazirx Wallets, Nigerian EFCC on Naira Depreciation, O'Leary Buys the Dip — Bitcoin.com News Week in Review

Another week has passed and developments in the Binance-Wazirx controversy continue, Nigeria’s Economic and Financial Crimes Commission (EFCC) claims it has identified individuals fueling the naira’s depreciation, Shark Tank star Kevin O’Leary says crypto “desperately needs policy,” and the government of Nepal is preparing to issue its own digital currency. The weekend is here, and it’s time for the Bitcoin.com News Week in Review. Read More Read More Read More Read More What are your thoughts on this week’s stories? Does crypto need regulation as O’Leary insists? Let us know in the comments section below. Disclaimer

2022-08-16 05:31 Bitcoin.com12

Tornado Cash Governance Token TORN Shudders More Than 57% Since the US Government Ban

Amid the crackdown against Tornado Cash, associated addresses, contributing developers, and anyone who uses the mixing platform, the project’s governance token called TORN has shuddered in value. TORN is an ERC20 with a fixed supply that is leveraged for governance proposals and voting. During the last seven days, the Tornado Cash governance token has lost 57.6% in value against the U.S. dollar. What do you think about the tornado cash (TORN) coin losing significant value this past week? Let us know what you think about this subject in the comments section below. Disclaimer

2022-08-16 05:30 Bitcoin.com12

US Venture Capital Firm Leads New Investment in Nigerian Startup Teamapt

The United States-based venture capital (VC) firm, QED Investors, recently led an investment round that raised more than $50 million for the Nigerian fintech Teamapt. The investment, as well as the VC firm’s hiring of personnel tasked with spearheading its investments in Africa, seem to point to QED Investors’ newfound commitment towards the continent. What are your thoughts on this story? Let us know what you think in the comments section below. Disclaimer

2022-08-16 05:30 Bitcoin.com01

Acala Exploit Causes Polkadot-Based DeFi Platform’s Stablecoin to Drop 99%

Hackers used an exploit to mint 1.28 billion aUSD tokens, prompting the stablecoin to lose its peg to the U.S. dollar.

2022-08-16 05:30 Decrypt04

Axie Infinity Surpasses $4 Billion in All-Time Sales, Team Removes SLP Rewards From Classic Game Mode

After recording more than $4 billion in all-time sales, Axie Infinity announced the game’s classic mode will no longer allow users to obtain smooth love potion (SLP), as SLP rewards have been added to the new Origin ranked gameplay mode. The team also introduced non-fungible token (NFT) runes and charms that can be minted on the Ronin network through the marketplace. What do you think about Axie Infinity changing the SLP rewards structure? Let us know what you think about this subject in the comments section below. Disclaimer

2022-08-16 05:29 Bitcoin.com02

Peter Schiff to Liquidate Euro Pacific Bank in Settlement With Puerto Rican Regulator

Gold bug Peter Schiff has settled with Puerto Rico’s financial regulator and agreed to liquidate his Euro Pacific Bank. Schiff stressed that he is not admitting to any legal wrongdoing. What do you think about Peter Schiff liquidating his Euro Pacific Bank? Let us know in the comments section below. Disclaimer

2022-08-16 05:29 Bitcoin.com00

Crypto Exchange BTC-e Operator Vinnik Reportedly Denied Bail in US, Maintains Innocence

Alexander Vinnik, the alleged owner and operator of the infamous cryptocurrency exchange BTC-e, has been found not eligible for release on bail in the United States, where he was recently transferred from Greece. The Russian, accused of large-scale money laundering through the now-defunct trading platform, and other crimes, rejects U.S. charges. Do you think Alexander Vinnik will be sentenced for money laundering in the United States? Share your expectations about the trial in the comments section below. Disclaimer

2022-08-16 05:29 Bitcoin.com01

Crypto Trading, Investing Illegal in Iran, Central Bank Governor Reiterates

It is illegal to buy or sell cryptocurrency in Iran, the head of the country’s monetary authority has recently reminded citizens and businesses. The governor noted, however, that mining cryptocurrencies and using them in payments for imports is not against the law in the Islamic Republic. Do you think Iran may change its stance on crypto trading, investing, and payments in the future? Share your expectations in the comments section below. Disclaimer

2022-08-16 05:28 Bitcoin.com02

Billionaire Mark Cuban Sued for Allegedly Promoting a Massive Crypto 'Ponzi Scheme'

Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, is facing a class action lawsuit for promoting Voyager Digital’s crypto products. The plaintiffs claim that Voyager was “a massive Ponzi scheme” and Cuban “duped millions of Americans into investing.” What do you think about Mark Cuban being sued for promoting Voyager Digital? Let us know in the comments section below. Disclaimer

2022-08-16 05:28 Bitcoin.com01

Hot

PoW Miners Rake in Profits Mining ETH Until the End, Ethash Networks Expect a Boost, JPMorgan Strategists Say ETC Could Benefit

1PoW Miners Rake in Profits Mining ETH Until the End, Ethash Networks Expect a Boost, JPMorgan Strategists Say ETC Could Benefit

2022-08-16 05:33 | Bitcoin.com1

2Over 1.2 Billion aUSD Minted in an Exploit of Polkadot’s DeFi Hub Acala

2022-08-16 05:32 | CryptoPotato1

3Another Stablecoin Depegs From USD Parity, Polkadot-Based AUSD Loses 98% in Value

2022-08-16 05:32 | Bitcoin.com1

Binance CEO's Warning About Wazirx Wallets, Nigerian EFCC on Naira Depreciation, O'Leary Buys the Dip — Bitcoin.com News Week in Review

2022-08-16 05:31 | Bitcoin.com1

Tornado Cash Governance Token TORN Shudders More Than 57% Since the US Government Ban

2022-08-16 05:30 | Bitcoin.com1

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