Day: February 5, 2021

WE FOUND DIMONDS AFTER MINING in Minecraft Malayalam

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After Yearn exploit, attacker funds frozen and reimbursement plans developing

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Following an exploit last night that cost yield vault project Yearn.finance $11 million in stablecoin DAI, crypto community members from multiple projects have rallied to mitigate the effects, reclaim exploited funds, and reimburse affected users.  First reported by the project at 5:09 pm EST, the exploit was a complex arbitration attack on Yearn’s version 1 DAI yield vault. According to a disclosure published by Yearn this morning, the exploit — which featured over 160 nested transactions and has been called one of the most complex to date — netted the…

All Tifon Gas Stations in Croatia Now Accept Cryptocurrencies – Featured Bitcoin News

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Forty-six Tifon gas stations across Croatia have reportedly started accepting cryptocurrency payments. Using payment processor Paycek, customers can pay with a number of cryptocurrencies, including bitcoin and ether. Tifon gas stations in Croatia started accepting cryptocurrency payments at the beginning of February. There are currently 46 Tifon gas stations in the country. Paycek, a service by Croatian fintech startup Electrocoin, will process crypto payments for Tifon. According to its website, Paycek supports bitcoin (BTC), ether (ETH), XRP, stellar (XLM), and EOS. Cryptocurrency payments are converted into fiat currency at the…

Ether price breakout to $1,750 sees Ethereum network fees hit all-time high

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Largest altcoin Ether (ETH) built on its recent all-time highs on Feb. 5 to climb ever closer to $2,000. ETH/USD 1-hour candle chart (Bitstamp). Source: TradingView Ether price hits record $1,750 Data from Cryptox Markets and TradingView showed a fresh breakout occurring for ETH/USD during Friday trading.  At the time of writing, Ether was targeting $1,750 as 6.5% daily gains topped weekly returns of nearly 22%. Ether, Bitcoin YTD performance. Source: Digital Assets Data The move came on the back of intense trading interest in DeFi coins, many of which…

Indian Exchanges Launch Campaign Seeking to Avert Potential Crypto Ban

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Indian cryptocurrency exchanges have started a joint initiative to convince parliament to regulate cryptocurrencies rather than impose an outright ban.  Under the #IndiaWantsBitcoin campaign, the exchanges have launched websites – indiawantscrypto.net and indiawantsbitcoin.org – to help Indian citizens email their representatives at the Loksabha (the lower house of parliament) asking for positive and progressive regulation of the crypto markets.  The campaign has been launched in response to the government’s plan to table the “Cryptocurrency and Regulation of Official Digital Currency Bill 2021,” which would potentially prompt development of a digital…

It’s ‘Dorsey’s Node’ as Bitcoin Marches Higher, DOGE Chokes

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Bitcoin drifts higher, DeFi tokens moon, dogecoin pants Bitcoin was higher early Friday, pushing toward $38,000, around the highest levels in about three weeks.  The news overnight was mixed, with an Australian central bank official telling lawmakers in the country that bitcoin is “not a payment instrument and it’s not even really money,” while Twitter and Square CEO Jack Dorsey tweeted that he had set up his own bitcoin node. Key price levels: “Should we go higher, we’ll be eyeing the $40,035 mark as the next resistance,” Matt Blom, head…

A prelude to DeFi bursting onto the scene?

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Was last week’s Reddit versus Wall Street stand-off really the “beginning of the end for centralized finance,” as Gemini founder Tyler Winklevoss described it? Or was it just a one-time instance of individuals coming together to right a perceived wrong — with no long-term economic consequences? As GameStop, a struggling videogame retailer, came under attack by hedge-fund short sellers, a coalition of individuals spearheaded by r/Wallstreetbets, a Reddit forum, jumped in to save GameStop by buying its shares, driving its stock price from $20 to as high as $483 —…

Ethereum About To Blow? (ETH)

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Central Bank of Nigeria bans banks from servicing crypto exchanges

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The Central Bank of Nigeria has placed a ban on all regulated financial institutions from providing services to crypto exchanges in the country. The prohibition was contained in a circular issued by the CBN on Friday. According to the central bank’s notice, the ruling is an extension of earlier warnings from the bank about the risks associated with virtual currencies. Source: Twitter As part of the ban, the CBN has directed all commercial banks to close accounts belonging to crypto exchanges as well as other businesses transacting in cryptocurrencies in…