Everything web3, crypto, defi, degen
In brief CoinDCX confirmed a $44 million hack on July 19 that affected an internal liquidity account, while assuring that customer funds remain safe. The exchange launched a bounty program offering up to 25 percent of recovered funds, with a potential payout of $11 million to those who assist in tracing the stolen assets. The…
In brief Bitcoin enthusiasts have often likened the cryptocurrency to “digital gold,” a decentralized alternative to precious metals. Recent academic research has indicated that Bitcoin and gold may serve fundamentally different investor types. At present, research indicates that Bitcoin lacks the historical track record, stability, and crisis-tested resilience of gold—though that could change with time.…
In brief You can now get Bitcoin transactions added to the blockchain for a lot cheaper than before. Mining pools cut the rate as Bitcoin blockchain activity has been low. Bitcoiners disagree over whether the coin should be used for everyday payments or primarily to hold value. The debate over whether Bitcoin is best suited…
In brief Solana will outperform Ethereum this year, despite recent shifts in momentum, according to 21Shares’ Adrian Fritz. Ethereum’s ecosystem may be more mature, but Solana showed promise with a burst of activity related to meme coins in January, he said. Ethereum will crack its 2021 record price, but Solana will still outperform, he said.…
In brief Barstool Sports founder Dave Portnoy said he sold his XRP bag two weeks before its record-setting price surge. XRP broke its 2018 record price mark on Thursday, setting a new all-time high of $3.65. Portnoy claims he would have made “millions” if he hadn’t sold at a price of $2.40. Barstool Sports founder…
In brief Pat McFadden, Labour MP and ally of Keir Starmer, said that the UK should consider banning crypto political donations. It came two months after Reform UK announced it would accept crypto donations, the first to do so in the nation. Ian Taylor, board advisor for digital asset advocacy group Crypto UK, said McFadden’s…
In brief Ripple co-founder and XRP co-creator Chris Larsen has moved more of his coins to Coinbase. Could he be preparing to sell as XRP closes in on a new high after seven years? XRP is only pennies away from breaking its 2018 record mark of $3.40. Ripple co-founder and Executive Chairman Chris Larsen has…
In brief Satoshi Nakamoto is now the 11th richest person in the world, following Bitcoin’s monthly rise of 14%. It sees the elusive Bitcoin creator move past Microsoft co-founder Bill Gates and Dell Technologies founder Michael Dell. Now holding $130 billion worth of BTC, the inventor’s wallets have become a potential weak point as quantum…
