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More Satoshi-era Bitcoins on the Move

9 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

Over $31 million in Bitcoin (BTC) has moved from wallets that have remained inactive for 10 years, a development that was first pointed out by trader Kirill Kretov on Nov. 8. Since Nov 6., three separation transactions have taken place from wallets...

Privacy Coin GRIN is Experiencing a 51% Attack

9 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

Privacy coin GRIN is currently experiencing a 51% attack, according to mining pool data platform, which tweeted about the development on Nov. 8.  One mining entity seized control of 58.1% of the network’s hash power on Nov.7 2miners cont...

1inch Launches New Version of DEX

6 Nov 2020 1 minute read 5 comments Abhimanyu Krishnan

The 1inch team announced on Nov. 5 that it had launched version 2 of its DEX, which brings several improvements, including a token swap API and new UI. The new version introduces the Pathfinder API, a discovery and routing algorithm that facilitates...

Aave and NFT Collectible Project Axie Infinity Partner in Promotional Campaign

6 Nov 2020 1 minute read 6 comments Abhimanyu Krishnan

Decentralized lending protocol Aave and NFT project Axie Infinity announced a partnership on Nov. 5, with the goal of promoting each other’s platforms to their respective user bases. Aave said that it would sponsor Season 13 of Axie Infinity’s Commu...

Square With Over $1B in Bitcoin Revenue in Q3 2020

6 Nov 2020 1 minute read 3 comments Abhimanyu Krishnan

Financial services company Square, in its Q3 2020 earnings report published on Nov. 5, revealed that it had generated over $1 billion in revenue from Bitcoin (BTC) in the third quarter. Square’s CashApp drew in $1.63 billion, which pushed its gross...

Bug in Compound Finance Fork PercentFinance Leads to $1M Locked

6 Nov 2020 1 minute read 1 comment Abhimanyu Krishnan

The PercentFinance project has announced in a blog post published on Nov. 5 that just under $1 million worth of ERC-20 tokens had been locked out due to a bug. The team announced that an error in an update to the interest rate model resulted in the...

US Government Seizes $1B+ Worth of Silk Road Bitcoins

6 Nov 2020 1 minute read 2 comments Abhimanyu Krishnan

United States authorities have seized over $1 billion worth of Bitcoins (BTC) associated with darknet marketplace Silk Road, according to a statement published by the United States Department of Justice (DOJ) on Nov. 4. The DOJ filed a civil complai...

Vitalik Deposits 3200 ETH into ETH 2.0 Staking Contract

6 Nov 2020 1 minute read 8 comments Abhimanyu Krishnan

Ethereum co-founder Vitalik Buterin has made his contribution towards the launch of ETH 2.0, depositing 3200 ETH into the network’s deposit contract on Nov 5. Buterin has made one of the largest contributions to the deposit contract so far; the 3200...

$3.5 Million From 1000 BTC KuCoin on the Move

5 Nov 2020 1 minute read 9 comments Abhimanyu Krishnan

$3.5 million worth of stolen assets linked to a KuCoin hack have been moved via 3 separate transactions that occurred on Nov. 4, according to Whale Alert. Over 1000 Bitcoin (BTC) was stolen from a KuCoin hack on September 25, along with Tether (USDT...

FTX CEO is One of the Biggest Contributors to Biden's Campaign

5 Nov 2020 1 minute read 8 comments Abhimanyu Krishnan

FTX co-founder and CEO Sam Bankman-Fried is one of the largest contributors to the presidential campaign of Joe Biden, according to data from political financial tracking platform OpenSecrets.  FTX.US, of which Bankman-Fried is the CEO, contributed...