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Opyn Removes Liquidity From Uniswap After $370K Stolen in DeFi Exploit August 5, 2020
Attackers exploited a Uniswap trading loophole to get away with more than $370K. Attackers have exploited a vulnerability in the Opyn ETH Put contract to walk away with more than $370,000.One of the first members of Crypto Twitter to report on the theft, DegenSpartan, stated on Aug. 4 that the traders used flash loans to […]
Turner Wright
Bitcoin Futures Data Shows Market Favors Bulls Despite $1.5K Flash Crash August 4, 2020
Several key derivatives indicators show investors are still strongly bullish on Bitcoin despite $1 billion in liquidations. The sudden $1,500 drop in Bitcoin (BTC) price on August 2 caused over $1 billion worth of liquidations on futures contracts and also led to a sharp decline in the price of many top altcoins. This massive figure represents […]
Marcel Pechman
Huobi’s COO Thinks Blockchain Regulation Needs to be Better Defined August 4, 2020
Huobi’s COO believes lack of defined regulation and infrastructure services are preventing the mass adoption of blockchain technology. Robin Zhu, Huobi Global Group’s COO, told Cointelegraph at a China Great Bay Area International Blockchain Week pre-event interview on August 3 that lack of defined regulations and infrastructure services are preventing the mass adoption of blockchain […]
Ting Peng
Bitcoin Hater Peter Schiff Says Dollar Approaching ‘Wile E. Coyote Moment’ August 4, 2020
Gold price reached a new all-time high and the same factors behind its rally could also push Bitcoin price higher. Today the price of gold hit a new record-high at $2,008 and the asset is now in the price discovery phase. The precious metal appears to be rallying due to the declining U.S. dollar and this […]
Joseph Young
Congresspeople Call on IRS to Take It Easy on Taxing Staking Rewards August 4, 2020
Several of the more crypto-forward members of Congress have asked the IRS to sharpen up its guidance on taxing staking rewards. On Aug. 4, four U.S. congressional representatives wrote to the Internal Revenue Service (IRS) asking the tax authority not to overtax rewards from Proof-of-Stake blockchains. Explaining the difference in energy consumption between PoS and Proof-of-Work […]
Kollen Post
Do You Know The Most Valuable Blockchain Companies? August 4, 2020
Ripple ranks the highest amongst companies in the Blockchain sector according to the latest annual ranking from Hurun. Research firm Hurun published a list of global unicorns, or companies worth more than a billion dollars, in 2020. This ranking features all billion-dollar tech startups founded in the 21st century that are not listed yet listed […]
Felipe Erazo
‘Robinhood Influencer’ Wants the Winklevoss Twins to Explain Bitcoin to Him August 4, 2020
Dave Portnoy, also known as Davey Day Trader, now wants to learn how to buy Bitcoin from the Winklevoss twins. Popular Twitter personality Dave Portnoy, famous for his motto “stocks only go up,” now wants to learn about Bitcoin (BTC) from Gemini co-founders Tyler and Cameron Winklevoss.In a Twitter clip extracted from his latest daily […]
Andrey Shevchenko
Russia’s Biggest Bank Considers Launching Its Own Stablecoin August 4, 2020
Shortly after Russia’s president, Vladimir Putin, signed the country’s recent cryptocurrency law, the country’s largest bank voiced its considerations. Sberbank, a state-owned company and the largest bank in Russia, is considering the possibility of issuing its own token, according to its key executives.Sergey Popov, director of the transaction business at Sberbank, says that Russia’s banking […]
Helen Partz
Dash Launches Latin America’s First Ever Crypto Debit Card August 4, 2020
Crypto exchange Taurus will offer the first crypto debit card backed by Dash in Latin America. Dash has partnered with Mexican cryptocurrency exchange, Taurus.io, to release the first crypto Visa debit card in Latin America. The offer will initially only be available to Taurus’ customers in Mexico.The card will work at millions of stores in […]
Felipe Erazo
Twitter Hack Shows That Crypto Is Easier to Investigate Than Fiat, Say Industry Law Experts August 4, 2020
A panel of compliance experts from the crypto industry agreed that law enforcement and institutional finance have been hearing more positive narratives about crypto. During an Aug. 4 panel on legal compliance within the cryptocurrency industry, major figures noted recent shifts in public perception of the industry, pointing to arrests within weeks of the Twitter […]
Kollen Post