According to the HedgewithCrypto portal, over the past 10 years, hackers have hacked 49 crypto exchanges and stole $2.7 billion. Nevertheless, the sites are constantly improving their protection - there are fewer significant thefts. There were nine hacks in 2020, four last year, and only one this year. Together with Gate.io, we tell you what attack vectors are...
Hedge funds that chose to go short USDT after the crash of Terra “don’t understand how the cryptocurrency and Tether market works on a fundamental level.” The issuer of the "stablecoin stated this". Tether Limited responded to a WSJ podcast that discussed USDT collateral concerns and the rationale for shorting it. For the first time, the publication reported on the popularity...
Positive moods have settled on the cryptocurrency market, against which many digital assets are steadily growing in price. US GDP contracted by 0.9%, while it was expected to decline by no more than 0.5%. This was an unexpected and very unpleasant surprise for bidders. Many experts agree that the Federal Reserve will not be able to turn a...
The once popular, and in recent years, half-forgotten Ethereum Classic (ETC) cryptocurrency has recently shown impressive growth. Over the past 30 days, the asset's value has increased by more than 100%. The price perked up amid Ethereum developers' statements and the approaching migration date to the Proof-of-Stake (PoS) consensus algorithm. Recently, central mining pool AntPool announced a $10 million investment in...
The Aave DeFi protocol community has approved the launch of the USD-pegged decentralized stablecoin GHO in the ecosystem. “The community has given the green light to the GHO. The next step is to vote on the parameters of the genesis. Stay tuned for a proposal on the governance forum next week,” the developers wrote. During a three-day vote, members of the...
Cryptocurrency analysts studied the market situation over the last week as of July 31, 2022. They talked about the most profitable, in terms of profitability, virtual assets from the decentralized finance (DeFi) sector. They noted that 3 products once brought their investors more than 50% profit for the reporting period. The notorious project yearn.finance became the...
Latin American media reported on the opening of the "Bitcoin Valley" (Bitcoin Walley) in Honduras. The government has launched a digital city project in the Santa Lucia region. Thus, the country joins its neighbors who have already launched a similar initiative in Central America - Bitcoin Beach in El Salvador, Bitcoin Lake in Guatemala and Bitcoin Jungle...
Popular data aggregator Glassnode reported that the second largest cryptocurrency, Ethereum, has become the subject of massive interest from traders and is facing an influx of new small and medium-sized investors. This comes after the price of the coin has risen by more than 30% in the last few days as of July 30, 2022. Thanks to...
The adoption of bitcoin as a legal tender has benefited El Salvador despite the fall in the price of the cryptocurrency. Finance Minister Alejandro Celaya announced this to Bloomberg. According to him, the introduction of digital currency has expanded access to financial services to a largely unbanked population and attracted tourists and investments. The minister admitted that the use of bitcoin...
Crypto financial services provider Babel Finance suffered a loss of over $280 million due to unsuccessful trading decisions with client funds. The calculations are given in the restructuring proposal, writes The Block. “During that volatile week in June when Bitcoin plummeted from $30,000 to $20,000 , unhedged positions in [own trading] accounts led to significant losses. As a result, a...
