NEW YORK (BLOOMBERG) – Decentralised finance project Beanstalk Farms suffered one of the largest-ever flash-loan exploits on Sunday (April 17), sending its price tumbling. The credit-focused, Ethereum-based stablecoin protocol suffered a total loss of around US$182 million (S$248 million) and the attacker got away with around US$80 million of crypto tokens, according to blockchain security […]
A non-fungible-token (NFT) by blue-chip artist Urs Fischer brought in $97,700 on the auction app Fair Warning on Sunday, marking the artist’s first foray into a medium that has thoroughly disrupted the art market in a matter of weeks. (Imagine reading that sentence a year ago—you would have no idea what we were talking about!) […]
As of writing, Bitcoin just topped $65k to hit an all-time high… As the ProShares Bitcoin Strategy ETF (BITO) launches this week, there has been a plethora of speculation about bitcoin hitting its all time high. Our IDX Risk-Managed Bitcoin Index, however, hit an all-time-high last week (and again today)…how is this possible? It comes […]
A new filing with the U.S. Securities and Exchange Commission indicates that asset management giant Fidelity is seeking to create a bitcoin exchange-traded fund (ETF). The Wise Origin Bitcoin ETF is the latest entrant in a growing race to launch a bitcoin exchange-traded product in the United States. According to the filing, a firm called […]
A new wave of interest in non-fungible tokens (NFTs) is taking hold. It may be time for those businesses that have yet to embrace this new technology to get up and smell the coffee. This is because there won’t be just information printed on cards or coins anymore. There will also be tangible items with […]
May 16 when Sichuan miners allegedly went offline, the total hash rate of the Bitcoin network has dropped from 172.36 million TH/s to 150.653 million TH/s. [Image Here] The impact of these Chinese mining facilities is further buttressed by the total miner revenue. On-chain analytics site Glassnode reports that the total miner revenue has dropped […]
Total monthly Bitcoin (BTC) transactions have reportedly exceeded levels set during January 2018 and might be on track to record an all-time high. Number of transactions per block for #bitcoin now nearing the high reached in December of 2017.$BTC usage near an all time high, when’s the price going to catch up? 🤔 pic.twitter.com/Z2bBrvFpTM — […]
Goats are big business in Pakistan. It’s the number 3 country for the production of goat meat – 491,000 tons a year. It’s in the top 10 for goat milk production. And now … it seems to be number one in another goat category: Ears. On June 4, a male goat was born in the […]
Small victory for Ripplein its never-ending lawsuit against the US Security Exchange Commission (SEC), thanks to thelatest emails revealed by Empower Oversightshowing thatWilliam Hinman acted with improper conduct, in full conflict of interest. Ripple’s victory and the revelation of improper conduct for SEC officials The non-profit organizationEmpower Oversight filed a FOIA request in August 2021 […]
It is fair to say that the financial markets move pretty quickly, and this is certainly true when it comes to cryptocurrency. With new coins being developed and released at a rapid pace, there is always something new happening. Despite all this though, Bitcoin has retained its place as the king of cryptocurrency. It is […]