Category: Blockchain

The largest hack in decentralised finance (DeFi) history was unveiled when Poly Network, an interoperable blockchain protocol, announced compromised its platform. As a platform that supports the trio of Binance Smart Chain (BSC), Ethereum and Polygon, these blockchain networks were breached simultaneously, with the total assets lost summing up to about $610 million. The Poly Network

Ethereum’s open interest continues to be correlated with its price, as acknowledged by IntoTheBlock. The data analytic firm explained: “Ethereum’s perpetual swaps open interest crosses the $8 billion mark for the first time since May 18. Open Interest refers to the dollar amount of contracts outstanding. As the price of ETH has been climbing

Bitcoin (BTC) holders continue to show their confidence in the leading cryptocurrency as the supply ratio on exchanges slumped to a 26-month low. On-chain metrics provider Santiment explained: “The ratio of BTC on exchanges has now fallen to its lowest point since June, 2019. This 26-month low should be viewed as a bode of

On Tuesday, August 10, Ripple network announced that it has established a connection with Global Money Express Co. Ltd (GME Remittance), South Korea’s top non-bank remittance payment company. According to Ripple’s official announcement, this cooperation is established through a joint venture between SBI Holdings and Ripple called SBI Ripple Asia.  GME Remittance utilizes its global

The Bank of Jamaica (BOJ) has registered a new milestone in its Central Bank Digital Currency (CBDC) in pursuing the first batch of its Digital Jamaican Dollar. The project, under development by the BOJ’s CBDC Team, has entered a pilot phase which will see a total of J$230 million in CBDC minted and deposited with

The Helium network, supported by Andreessen Horowitz, raised $111 million through the sale of its native token (HNT). HNT token rose by 25.78% within 24 hours, and the price hit a three-month high. The decentralized peer-to-peer (P2P) 5G wireless network received a total of $111 million in financing from venture capital giants such as Andreessen

BitMEX has agreed to a Consent Order with the U.S. District Court for the Southern District of New York to settle charges levied by the Commodity Futures Trading Commission (CFTC) and the Financial Crimes Enforcement Network (FinCEN). As revealed by the CFTC, the deal involves all the five companies that operate the BitMEX brand, and

In Hong Kong, a listed online entertainment platform, HMVOD, will accept Bitcoin to pay for membership subscriptions in October. HMVOD Limited (Stock code: 8103.HK) released a voluntary announcement on Hong Kong Exchange platform Tuesday night of Hong Kong time, saying that customers can pay their monthly membership fees in Bitcoin starting from early October. In

Brett Redfearn, the Head of Capital Markets at Coinbase Global, has resigned from his duties just four months after taking the job. Redfearn, one of Coinbase’s highest-profile hires this year, stepped down from the position at the end of July. A Coinbase spokesperson confirmed the report and said: “We appreciate his contributions and wish him

CoinDCX, India’s largest crypto-enabled financial services company, announced Tuesday that it had raised 6.7 billion rupees (approximately $90 million) in financing led by Facebook co-founder Eduardo Saverin’s fund B Capital. The current company valuation is as high as $1.1 billion, making it the first unicorn in the cryptocurrency industry in India. CoinDCX said that the