Month: August 2023

Kraken dominates US altcoin market liquidity in July

In July, Kraken reinforced its dominance as the top platform for altcoin trading in the US. Kaiko reports reveal that Kraken commanded nearly 50% of the market depth for the top 10 altcoins. On Aug. 9, Kaiko’s research analyst, Dessislava Ianeva, spotlighted Kraken’s significant altcoin market influence. 📈🤔In July, Kraken emerged as the most liquid platform for alts in the US.👉 Its claiming almost half of the market depth for the top 10 alts. pic.twitter.com/2fumt7yi9a — Dessislava Ianeva (@DessislavaIane2) August 9, 2023 Known for its impressive euro volume and liquidity,…

Curve Finance vows to reimburse users after $62 million hack

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Curve Finance, a decentralized finance (DeFi) platform for lending stablecoins, has officially stated its intention to reimburse users who were impacted by the recent breach resulting in a $62 million loss from the system.  According to a post by Curve Finance, ongoing investigations are yielding progress, with approximately 79% of the funds successfully recuperated. The platform further emphasizes its current priority, which revolves around assessing the proportional portions of each impacted user. This evaluation aims to ensure an equitable distribution of resources. The incident, which occurred on July 30, involved…

SEC delays Bitcoin ETF proposal, seeks public input

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The SEC has postponed its decision on the Ark Invest & 21Shares Bitcoin ETF proposal as it’s soliciting feedback from the public. The recent actions of the Securities and Exchange Commission (SEC) towards the spot Bitcoin (BTC) ETF proposal by Ark Invest and 21Shares have garnered significant attention. Contrary to widespread anticipation, the SEC did not deliver a clear verdict – neither an approval nor a rejection. As revealed in their official documentation, the SEC has…

Shiba Inu, Dogecoin, and DigiToads meme coins under the lens

Meme coins, especially Dogecoin (DOGE), Shiba Inu (SHIB), and DigiToads (TOADS), have gained recognition in crypto due to their engaged communities and rapid growth. DigiToads aims to address limitations associated with traditional meme coins. The platform offers practical applications and employs a deflationary model. The presale success indicates investor interest and its potential influence within the meme coin domain. In this article, we explore the rise of meme coins and analyze the factors that contributed to their current status. DigiToads centers on web3 and play-to-earn (P2E) gaming sectors, offering an immersive…

Shiba Inu Keeps Energy Alive, Snags 26% Gain

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Shiba Inu (SHIB) has transformed its breakout into a remarkable rally, continuing to build momentum in the ever-evolving crypto landscape. The surge has not only captivated the attention of crypto enthusiasts but has also brought a considerable number of meme token holders out of the depths of losses, marking a significant turning point in their investment journey. With SHIB’s current price resting at $0.00001120 per CoinGecko, the token has showcased an impressive 12.5% surge in the past 24 hours, while its seven-day journey witnessed a striking 25.8% increase. SHIB price…

DeFi tries to recover from Curve hack, but exploits continue: Finance Redefined

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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The DeFi ecosystem is yet to recover from the crisis brought on by the Curve Finance hack, and even though the issue seems contained, another set of exploits hit the DeFi ecosystem this past week. DeFi protocol Steadefi is the latest victim of an ongoing exploit as the ecosystem was still recovering from the Curve crisis. Binance came forward to invest $5…

Victim of 90 ETH exploit set to claw funds back after hacker was blacklisted

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With the help of police and cyber authorities, a victim of a hack worth 90 Ether (ETH) has gotten the attacker’s Tether (USDT) address blacklisted. As a result, they may be able to get most of their funds back. [2023/08/11 17:30] USDT blacklisted 0x788bc56b67c289399cd6e2022f0d76484f04724a in block 17893148 https://t.co/WipjkHXFGp — usdt blacklist (@usdtblacklist) August 11, 2023 The victim, who goes by @l3yum on X (Twitter), was initially drained on March 16 after the hacker managed to get a hold of their hot wallet seed phrase. Several Yuga Labs-related NFTs were stolen,…

Polkadot to change parachain auctions, investors exploring DigiToads’ potential

The expansive approach taken by central banks in printing money has led to increased interest in cryptocurrencies among affluent individuals. Currency has evolved from ancient gold coins to modern debit, credit systems, and digital assets. The crypto landscape has witnessed significant growth and development, and early investors could benefit from this global shift.  Polkadot (DOT) is transitioning from a chain-based to a space-based model for its parachain auctions, and the enthusiasm around DigiToads (TOADS) demonstrates growing investor receptiveness to emerging crypto opportunities. DigiToads and defi DigiToads aims to achieve an ambitious goal:…