Ciphertrace, a blockchain analytics company, has announced that crypto-related crimes have moved to the realm of decentralized finance (defi) apps and protocols. Now, the impact these hacks and exploits represent is way bigger than the one classic hacks to centralized exchanges and other scams do, according to their latest “Cryptocurrency Crime and Anti-Money Laundering Report.”…
Posts published in “Business”
The most topical conversation in the world of cryptocurrencies right now is the effects of bitcoin mining on the global environment after Elon Musk heated up the conversation. Following the recent Tesla announcement, the cofounder of Siphox and Powx, Michael Dubrovsky, revealed the nonprofit Powx has recently submitted a Bitcoin Improvement Proposal (BIP) that aims…
This month fees on the Ethereum network yet again skyrocketed to hit a new all-time high. In the light of so much congestion on the second largest network, scaling solution Arbitrum developed by Offchain Labs is opening its mainnet for developers before the month is over, on May 28. To bring down the gas fees…
MoneyGram Partners with Coinme Through this collaboration, customers would be able to make cash purchases and sales of Bitcoin at 12,000 different locations owned by Coinme in the US. The deal would utilize MoneyGram's modern, mobile, and API-driven payments platform and Coinme's vast network of cryptocurrency kiosks in the American nation. This initiative is specially…
While kicking himself for not understanding cryptos, he warned that the inflation is “not temporary” and the Fed is “going to have to raise rates” because at the current level, “there's a very good risk of the economy overheating.” The post Bitcoin Is “One Of The Best Speculations Ever,” Says Billionaire Investor Bill Ackman first…
Decentralized exchange (DEX) aggregator Slingshot has launched on Ethereum’s layer two protocol Polygon network, per an official tweet. Slingshot Chooses Polygon Over Ethereum According to the rebranded DEX platform (formally DEX.AG), the upgrade will enable users to execute faster trades, pay fewer transaction fees, and get the best prices on Polygon. This is following a…
Decentralized finance (DeFi) project Uniswap’s V3 has achieved $1 billion volume in 24-hours in just a week of its launch. In the past 24-hours, Uniswap v3 recorded $862 million in liquidity and $1.74 billion in volume. As of writing, the volume is at $916 million. This surge in activity on Uniswap has been the result…
Bitcoin has registered more than five-fold gains. However, the asset managed to go on bombshell crash the immediate aftermath of the Tesla Chief’s latest tweet. Elon Musk revealed that his electric-car firm will no longer accept Bitcoin as a form of payment citing environmental concerns. Taking to Twitter, Musk said that the car-maker was concerned…
The stablecoin issuer Tether released a report consisting of a breakdown of its reserves as of 31st of March 2021. This is the first of its kind since Tether’s launch in July 2014. The pie chart below shows that the company held approximately 76% of its reserves in cash and cash equivalents and other short-term…
XRP along with the rest of the cryptocurrency market started off on a choppy note as the collective market cap fell to $2.28 trillion. The crypto-assets weekly losses extended to nearly 20% after the recent downside after hints of resurgence on the price charts halted. XRP fell through a major support level and indicated a…