Category Archives: Cryptocurrency News

Not gold anymore? Why Evergrande’s default crashed the cryptocurrency market by more than 20%

On Saturday morning, there was information about a possible default on the bonds of the Chinese developer Evergrande Group. Investors in a panic collapsed bitcoin by 25%, but the fun begins on Monday. On Saturday, December 4, a statement by the Chinese construction company China Evergrande Group appeared on the network, where it warned shareholders and investors about the impossibility of guaranteeing the fulfillment of financial obligations and payment of interest on bonds of $…

Hackers stole over $ 150 million in cryptocurrencies from the Bitmart exchange

As a result of the cyber attack, the Bitmart marketplace lost $ 100 million in air and $ 50 million in other cryptocurrencies. Cybersecurity firm Peckshield, which specializes in blockchain security, tweeted on December 5 that cryptocurrency exchange Bitmart has been cyberattacked. Hackers hacked cryptocurrency wallets and stole assets worth about $ 200 million from the exchange. The exchange itself reported smaller losses. Peckshield initially discovered the theft of $ 100 million worth of ether.…

NFT Studios will produce the first feature-length film in Hollywood with proceeds from the sale of NFT

Startup NFT Studios is scheduled to shoot the first feature-length feature film in Hollywood history in 2022, fully funded by the sale of NFT. NFT Studios, with the support of UK PLC NFT Investments, is releasing a limited series of non-fungible tokens (NFT) dedicated to the new cinematic project. The proceeds from the sale of NFT will fund the comedy drama A Wing and a Prayer. The film is based on the true story of…

IDEX launched a hybrid decentralized exchange on Polygon

The non-custodial marketplace IDEX has announced the launch of a new version of v3 Hybrid Liquidity DEX on Polygon. This will help eliminate the main disadvantages of DeFi: front-running and price slippage. The hybrid model will combine traditional order book functions with automated market maker (AMM) liquidity pools to provide high financial returns for liquidity providers. In addition, the exchange will provide users with the ability to use stop losses and limit orders. According to…

More than $ 60 million in cryptocurrencies was stolen from the DAO Badger project

Badger’s Decentralized Autonomous Organization (DAO) attacked via an exploit in a smart contract. Moreover, only one user lost 896 BTC ($ 51 million). DAO Badger announced on Twitter that on December 2, a hacker attacked the Ethereum protocol via the smart contract address 0x1fcdb04d0c5364fbd92c73ca8af9baa72c269107. As a result of the cyber attack, users lost $ 10.6 million in cryptocurrencies. In the comments to the developers’ message, information appeared that only one of the users lost 896…

Minister of Economic Security of Japan urged to speed up the launch of the digital yen

The successes of other countries in the development of the state digital currency are forcing the Japanese authorities to accelerate the creation of the digital yen in order to preserve economic security. Japanese Minister of Economic Security Takayuki Kobayashi called for accelerating the launch of the state digital currency. This is due to the fact that many countries, including China, have already made great strides in this direction. “We need to think about what could…

InnoSilicon started supplying ASIC miners for mining ETH A11 Pro

Chinese manufacturer of computer and mining equipment InnoSilicon began supplying ASIC miners for mining ETH A11 Pro, but the efficiency of the device turned out to be lower than stated. According to the description on the company’s website, the miner’s hash rate is 2,000 Mh / s with an energy consumption of 2.5 kW / h. This is 30% more efficient than the best models for mining ETH. However, the Chinese distributors who received the…

UAE will release the first stamps in the Middle East in the form of NFT

UAE to launch first NFT stamps in the Middle East In honor of the 50th anniversary of UAE National Day, the Emirates Post Group (EPG) has released the first set of a physical postage stamp and its digital equivalent in the Middle East region. On UAE National Day, December 2, the EPG will unveil a new generation of postage stamps to the public. The four innovative brands will have a digital twin that is slated…

American cryptocurrency trader confessed to fraud for $ 5 million

Jeremy Spence, a 25-year-old US trader aka Coin Signals, has confessed to a cryptocurrency fraud. He faces up to 10 years in prison. According to the US Department of Justice, Jeremy Spence has declared his profitable trading in the cryptocurrency markets and lured investors with promises of large returns. However, in reality, Spence’s trade was not profitable and was unprofitable. Spence promised investors 148% per annum or more. And when, as a result of his…

Federal Reserve Bank of New York and BIS opened a center for creating and testing digital assets

The Federal Reserve Bank of New York and the Bank for International Settlements (BIS) have opened an innovation center to create and test new financial technologies. According to the press release, the New York Innovation Center (NYIC) will focus on the development of new financial technologies, including digital currencies of the Central Bank and stablecoins. NYIC is the result of a strategic partnership between the New York Fed and the Bank for International Settlements (BIS)…