Category Archives: Cryptocurrency News

Hackers stole more than $ 30 million worth of cryptocurrencies from Grim Finance

DeFi platform Grim Finance reported that hackers exploited a smart contract error and compromised wallets, withdrawing $ 30 million worth of tokens. Cryptocurrency platform Grim Finance, launched on the basis of Fantom Opera, announced on December 19 on Twitter that it had been subjected to a hacker attack. As a result, more than $ 30 million worth of cryptocurrencies were stolen from the platform. The operator did not provide more detailed information about which tokens…

Optimism Developers announced the full launch of the solution

The developers of the second-tier solution for the Ethereum network Optimism, which previously only had access to certain projects, announced the removal of restrictions. The launch of the main Optimism network took place in July, but only developers from the “white list” could create their projects based on the solution. After quite a long testing, the Optimism developers decided to remove the restrictions and now everyone can deploy their smart contracts on the network. “Optimism…

Bloomberg: “The auction house Sotheby’s for the year sold NFT for $ 100 million”

2021 has already become a record year in terms of sales for the famous auction house Sotheby’s. The sales of collectible tokens, which were sold for $ 100 million, also contributed to the financial results. Auction house Sotheby’s drew attention to the NFT space earlier this year, and the first collectible token sale took place in March. Users could participate in the NFT auction of an anonymous digital artist under the pseudonym Pak. During the…

Luno CEO: “The development of the cryptocurrency industry has exceeded all our expectations”

Luno cryptocurrency exchange CEO Marcus Swanepoel is surprised by the rapid pace of development of the NFT industry, however, the development of digital currencies by the Central Bank and regulation of cryptocurrencies is slow. Marcus Swanepoel said that the rapid development of cryptocurrencies this year was quite natural. However, he did not expect the NFT industry to grow so rapidly. So, in 2021, the Sotheby’s auction house alone sold $ 100 million worth of collectible…

ISDA will develop a regulatory framework for cryptocurrency derivatives

The International Swaps and Derivatives Association (ISDA) called cryptocurrencies a unique asset class and announced the development of a regulatory framework for cryptocurrency derivatives. “We recognize that digital currencies are a unique asset class, and appropriate terminology must be created to develop regulations,” said Scott O’Malia, CEO of ISDA. In its report, the Association spoke about the risks that may affect the cryptocurrency derivatives market. ISDA is concerned about hard forks, soft forks, hacker attacks,…

Rarible integrated Tezos blockchain and launched NFT collection

NFT creation platform Rarible has integrated the Tezos blockchain, which will allow users to buy, sell and create collectible tokens with low fees. Tezos is the third blockchain supported by the Rarible platform, after Ethereum and Flow. Rarible co-founder and CEO Alexei Falin said that integration with Tezos is made possible by the Rarible Protocol, an open source, community-driven, open source NFT Internet Protocol. The platform chose Tezos because of its low commission costs and…

Circle launched stablecoin USDC on the Avalanche blockchain

Circle announced the launch of USDC stablecoin on the Avalanche blockchain. This will help attract decentralized finance project developers to Avalanche. The integration took place on the Avalanche mainnet with support for smart contracts (C-Chain). With this, users will be able to directly issue and send USDC to Avalanche, rather than using the bridge from Ethereum, which will help avoid additional fees. “Physical fiat currency is increasingly becoming a relic of the past. And with…

NYDIG raised $ 1 billion in the next round of financing

12/15/2021 Author Sergey Klachek The New York Digital Investments Group (NYDIG) raised $ 1 billion in another round of funding, after which the firm’s capitalization reached $ 7 billion. WestCap became the leader of the round. Also involved in fundraising were Bessemer Venture Partners and FinTech Collective, which led the previous NYDIG funding round, as well as Affirm, FIS, Fiserv, MassMutual, Morgan Stanley, and New York Life. NYDIG announced that the funds will be used…

German savings bank network will test cryptoasset trading for 50 million clients

German savings bank network to test cryptoasset trading for 50 million clients The financial group Sparkassen-Finanzgruppe announced the launch in early 2022 of a pilot project for trading cryptocurrencies for clients of all savings banks in Germany. In early 2022, the committees of Sparkasse (a network of German savings banks) will vote on a project that will provide savings bank customers with the ability to trade cryptocurrencies. In parallel, the development of a cryptocurrency wallet…

Gaming service Vulcan Forged lost about $ 100 million as a result of hacker attack

NFT-based gaming platform Vulcan Forged reported the theft of 4.5 million PYR (about $ 100 million) from users’ cryptocurrency wallets. The gaming platform Vulcan Forged announced on Twitter that it was subjected to a cyberattack. Attackers hacked 148 wallets and stole 4.5 million PYR tokens worth $ 100 million. The company said that hackers have stolen private key data from users and it cannot do anything. “We are powerless to prevent users who have their…