Tag: crypto currency

$450 million loss to users’ assets following hacking of Bilaxy exchange

Bilaxy Exchange reported that some users’ wallets were hacked. The cryptocurrency exchange, located in the Republic of Sicily and the African continent, has not yet officially announced the value of the stolen assets, however, it is estimated that up to $ 450 million worth of cryptocurrencies have been destroyed in the attack.

Axie Infinity Ethereum’s first NFT game with $ 1 billion in sales!

CryptoSlam site statistics show that Axie Infinity has sold more than $ 1 billion. The game is based on non-replaceable tokens (NFT) and runs on the Ethereum blockchain. At the time of writing, about $ 1,055,735 of Pokémon-inspired game tokens have been traded in 2.4 million transactions. The number of buyers, holders and daily active…
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Circle Company is on the way to becoming a commercial bank with full reserves

Circle, the creator of StableCoin USDC, has announced plans to become a full-fledged commercial bank. If approved, the digital currency bank will operate directly under the auspices of the US Treasury, the Federal Reserve, the Office of Currency Control and the Federal Deposit Insurance Corporation.

SEC Warns Mutual Fund Investors of Bitcoin Futures Risks

The U.S. Securities and Exchange Commission (SEC) warned investors in mutual funds that invest in bitcoin (BTC, +1.02%) futures products to monitor risks around the digital asset and the funds investing in the sector.   Bitcoin is a “highly speculative” asset, the staff statement, published Tuesday, said. The note warned that investors may be taking…
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Goldman Sachs Offering Bitcoin Derivatives to Investors

The bank will protect itself from the cryptocurrency’s volatility by buying and selling bitcoin futures in block trades. Goldman Sachs is offering investors access to non-deliverable forwards (NDFs), a derivative tied to bitcoin’s price that pays out in cash, according to a Bloomberg report. When reached by CoinDesk, the investment bank confirmed the news. The…
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Ether, on Winning Streak, Surges to Record Over $3.2K, Tops Bank of America on Market Cap

Ether’s milestone comes with surging trader interest in the leading smart-contracts blockchain. Ether (ETH), the native cryptocurrency of the Ethereum blockchain, surged Monday to a new record price of over $3,200 amid fresh speculation the network’s value might soar as more traders warm to the potential of decentralized finance, known as DeFi, and other uses…
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European Investment Bank Issues $121M Digital Notes Using Ethereum

Goldman Sachs, Banco Santander SA and Societe Generale AG served as joint managers. The European Investment Bank (EIB), the lending arm of the European Union, used Ethereum technology to issue €100 million ($121 million) in two-year digital notes for the first time, the EIB said in a statement.   Goldman Sachs, Banco Santander SA and…
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Crypto Weekly Summary April 11-18

Bitcoin $ 8000 drop The fall of other digital currencies AgeUSD will be Cardano’s first StableQueen AgeUSD is a type of Stablecoin algorithm that will soon be introduced in the Cardano blockchain. The ADA, the Cardano Foundation’s native token, is currently the seventh most valuable currency in terms of market value. AgeUSD is the first…
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