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Search Results for: crypto market

DeFi Protocol Nexus Mutual CEO Gets Hacked for $8M 

  DeFi protocol Nexus Mutual Founder gets hacked for $8M.  In addition, the hacker is also a member of Nexus Mutual. Some of the stolen funds have been sent through 1inch.exchange.  The CEO of decentralized finance (DeFi) insurer Nexus Mutual named Hugh Karp has lost more than $8 million worth

December 15, 2020 2 mins read

Ethereum 2.0 Launched Beacon Chain, ETH Still has Long Way Ahead

The genesis block of the Ethereum 2.0 beacon chain launched. Ethereum 2.0 is generally divided into phases. ETH up about 380% since the start of the year. Recently, Coinbase announced its plan to launch Ethereum 2.0 staking. Despite the genesis block of the Ethereum 2.0 beacon chain launch, the fully

December 3, 2020 1 min read

TronHero – A Decentralized & Secured Smart Contract Fund Platform

TronHero is a Tron blockchain-based decentralized and secured smart contract fund. The platform provides a transparent and fair source code for all its participants. However, the source code cannot be modified. Moreover, TronHero provides unstoppable smart contracts that run forever on the Tron blockchain. Instant withdrawal is also possible. However,

December 2, 2020 2 mins read

Uniswap User Lost $20K On a Fake Google Play Store App

  An unnamed user of Uniswap lost $20,000 through a fake app. The fake app contains over 100 downloads. There is currently over $1.3 billion in total value locked into Uniswap. An unnamed user of Uniswap lost $20,000 after adding the backup key phrase on a fraudulent Uniswap mobile application

November 21, 2020 2 mins read

Ethereum (ETH) And its History

After Bitcoin’s success, blockchain technology was growing enormously. Developers found that Bitcoin‘s benefit was very narrow and limited to only one purpose(money). Bitcoin has failed to impact the tech and financial services, because of the limited functionalities. In order to overcome these limitations, developers thought of creating a blockchain-based platform

November 15, 2020 6 mins read

DeFi Price Declines While Bitcoin (BTC) Booms

The decentralized finance (DeFi) tokens has ended its market hype as Bitcoin (BTC) maintains its bullish price. Correlation between Bitcoins and DeFi tokens The DeFi market is one of the most popular ecosystems in the crypto world. It has caught the attention of many investors in the crypto world. However

November 3, 2020 2 mins read

Italian Man Caught Using Airport Computer System for Illegal ETH Mining

An Italian airport staff member took advantage of his workplace computer systems illegal mining of Ethereum (ETH). According to Rai News report, a man who was in charge of managing the computer system at Lamezia Terme International Airport in the southwest region of Calabria was caught illegally mining Ethereum (ETH).

October 30, 2020 2 mins read

Line Launches Central Bank Digital Currency (CBDC) Platform

LINE, a Japanese messaging giant is building a platform for developing central bank digital currencies (CBDC), as per the report by South Korean news agency the Chosun Ilbo.  CBDC is the cryptocurrency issued directly by central banks to replace real fiat currency. It is generally different from cryptocurrencies such as

October 20, 2020 1 min read

Luxury Watchmaker Breitling Issues Blockchain Based Digital Watch Certificate

Breitling has, a well-known Swiss company has become the world’s first luxury watchmaker to leverage blockchain technology digital watch certificates. Swiss firm partner with Arianee, an open-source protocol for creating digital identities for valuable items, to issue these watch certificates. Every watch sold by the firm will come with a

October 18, 2020 1 min read

Miners Earned $166M ETH Fees, Six Times More Than BTC

Glassnode data shows Ethereum’s total transaction fees recorded their highest-ever earnings in September 2020, stood at an all-time high of $166 million for the month which is more than the $26 million taken in Bitcoin fees. The major factor behind this rise is the growth of the decentralized finance (DeFi)

October 1, 2020 2 mins read
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