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BitMEX Hit With Another Lawsuit

18 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

Derivatives exchange BitMEX is facing yet another lawsuit, after a Romanian citizen filed a complaint on Nov.13 against parent company HDR Global Trading Limited.  Păun Gabriel-Razvan, a Romanian citizens from Bucuresti, filed the lawsuit in the Nor...

Mike Novogratz Bought 500,000 ETH From the Ethereum Foundation at $0.99 Levels

18 Nov 2020 1 minute read 2 comments Abhimanyu Krishnan

Galaxy Digital founder and CEO Mike Novogratz bought 500,000 ETH from the Ethereum Foundation at less than a dollar each, he revealed in an interview on Nov. 10. Novogratz was interviewed by Nugget’s News Alex Saunders, and spoke a range of topics i...

Skype Co-Founder Keeps His Money in Crypto

17 Nov 2020 1 minute read 6 comments Abhimanyu Krishnan

Skype co-founder Jaan Tallinn, in an interview with Fortune published on Nov. 13, said that he stores most of his wealth in cryptocurrencies. Tallinn, now an investor in the European startup scene, told Fortune that most of his personal wealth was i...

Grayscale Surpasses 500,000 Bitcoins in Its Trust

17 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

Digital asset management firm Grayscale Investments now holds over 500,000 BTC in its Bitcoin Trust, the company announced on Nov. 16. The total holdings is worth roughly $8.35 billion or 2.69% of the total Bitcoin supply; the firm almost doubled it...

Our Currency Inflates, Bitcoin Does Not - Says US Senator

17 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

Wyoming senator-elect Cynthia Lummis, who will assume office in Jan. 2021, offered a lot of praise for Bitcoin in an interview on ABC’s Good Morning America segment on Nov. 14. When asked about whether she wished to bring Bitcoin in national discuss...

Original Dollar (OUSD) Loses $7M Through Flash Loan Attack

17 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

The Origin Dollar (OUSD) project has lost $7 million in a flash loan attack, the team announced in a blog post published on Nov 17.  The attacker exploited a reentrancy bug in the protocol’s smart contracts, which took place in the middle of a mint;...

Galaxy Digital Reports Net Income of $44.3M in Q3 2020

16 Nov 2020 1 minute read 3 comments Abhimanyu Krishnan

Digital asset management firm Galaxy Digital reported a net income of $44.3 million in its Q3 2020 financial results, which was published on Nov. 13. The firm reported a net income of $44.3 million, a far cry from the $68.2 million loss reported the...

CitiBank Now Bullish on Bitcoin with Prediction Above $300K

16 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

Citibank Managing Director Thomas Fitzpatrick, in an independent report made public on Nov. 14, offered bullish prospects for Bitcoin (BTC), calling it “21st century gold.” Fitzpatrick offered a highly bullish sentiment for Bitcoin (BTC), and used t...

Aave V2 Hits Public Testnet

16 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

Version 2 of decentralized lending protocol Aave (AAVE) has launched on the public testnet, according to a blog post published on Nov. 11. First announced in Aug. 2020, Aave V2 will bring a host of improvements to the platform, including debt tokeni...

DeFi Protocol Value Suffers $6M Flash Loan Attack

16 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

DeFi protocol Value announced on Nov. 14 that it had experienced a flash loan attack that resulted in the loss of $6 million. The attacker specifically targeted Value Protocols’ MultiStables Vault, which led to $6 million in user deposits being stol...