Polygon has announced plans to form a decentralized autonomous organization (DAO) for all of its community members, including projects in decentralized finance (DeFi). The Ethereum scalability infrastructure developer made the announcement last week, calling on its members to express...
El-Salvador’s Finance Minister, Alejandro Zelaya has said the use of Bitcoin as a payment method in the country will be fully optional. According to him, it is not compulsory for citizens to download the state-offered wallet. The Minister said...
Crypto.com, a digital asset exchange and service provider is now helping institutional clients in over 60 countries make withdrawals in U.S. dollars. The exchange is doing this by leveraging Circle’s API, through a partnership, to expand fiat functionality for...
The largest hack in the history of DeFi has hit cross-chain protocol Poly Network, a development that has seen the firm lose $612 million in multiple cryptocurrencies. “We are sorry to announce that #PolyNetwork was attacked on @BinanceChain @ethereum...
The Poly Network hacker has now returned $258 million to the cross-chain DeFi protocol, also noting that the attack could have been way bigger. Announcing the massive hack, Poly Network tweeted, “We are sorry to announce that Poly Network...
Following a stuck trading range since May 2021, Bitcoin's price rallied above $43,000 Friday, August 6. As of the time of filing, Bitcoin’s (BTC) price rallied to $43,231, the highest it has risen to since May 19. Available data...
The Ethereum Improvement Proposal 1559 was ushered Thursday with the full activation of the London Hard Fork. The news of the software upgrade triggered a positive move in the price of Ether. ETH soared to about $2800, gaining 4.8%...
The cryptocurrency industry seems to be growing in an incredible fashion. This follows a remarkable move by Wells Fargo, a top multinational financial services company to roll out Bitcoin and other crypto-based services to its wealthy clients. Wells Fargo...
Starting from Germany, Italy, and the Netherlands, Binance has announced plans to wrap up its futures and derivatives products. Binance, one of the world’s top cryptocurrency exchanges, made the announcement amid a crackdown by regulators across Europe. The crypto...
After spending most of Friday in the negatives, a late-night spike saw the price of Bitcoin break the $42,000 resistance. This is the highest the price has gone since mid-May, 2021. Crypto Map; Source: Coin360 However, this rapid momentum...
