TL;DR Breakdown: An Indian lecturer has been scammed by someone who offered to manage his account. Almost $14,000 is feared to be lost forever. The global cryptocurrency market has unarguably seen massive interest and a huge number of new investors since the past year. However, the growing adoption of cryptocurrency continues to attract scammers looking […]
Several DODO V2 Crowdpools have been exploited, resulting in the loss of about $3.5 million. The exchange expects to recover about $1.8 million of the drained funds. One of the leading decentralized exchanges (DEX), DODO, has confirmed an attack today that resulted in the loss of millions of dollars from some of its V2 Crowdpools. […]
TL;DR Breakdown: Unslashed  Finance has raised over $2million for its crypto insurance project. Unslash Finance to improve on its insurance services with funding for new product.  Since its inception last month, Unslashed  Finance has raised over $2million for its crypto insurance project. According to various sources, the DeFi insurance protocol is set to use funds […]
TL;DR Breakdown Major firms show interest in MIT’s long-term project.  Coinshares donates $500,000 to the Bitcoin security project.   In a bid to enhance Bitcoin security, the Massachusetts Institute of Technology, MIT, has created a new initiative to benefit crypto authorities. The crypto community has embraced the initiative called Bitcoin Software and Security Effort.  This long-term […]
TL;DR Breakdown Nigeria CBN governor says cryptocurrency are illegal in the country Other members of the authorities share his views. The Central Bank of Nigeria looks like it is not ready to bend its stance towards the lifting of crypto ban in Nigeria. The organization’s head, Godwin Emefiele has defended its stance to ban digital […]
TL;DR Breakdown: Auckland police seized Bitcoin, gold, firearms, etc., from an alleged crime group. More than 11 persons were arrested and will be charged. Under a new operation dubbed “Operation Evansville,” the law enforcement agency in Auckland was able to detect and arrest a group of alleged criminals in the region. Aside from the illegal […]
TL;DR Breakdown Following the new ATH made by bitcoin on Sunday, the price drops further below $45,000. Cointelegraph analyst reveals that the dip is nothing compared to the previous ones. Bitcoin price crashes further The moment Bitcoin price started taking a dip on Monday after it had set a new record high, analysts predicted some three keypotential support zones at $55,000, $52,365 and $50,800. However, it broke through all […]
TL;DR Breakdown: DoubleLine Capital chief, Jeffrey Gundlach says Bitcoin is a better stimulus asset than gold. The co-founder of Nexo also made a similar comment that BTC has proven to be better than the metal. The surge in Bitcoin price, which notably began in the last quarter of 2020, is causing many gold investors to […]
TL;DR Breakdown Bitcoin price surges have led some financial experts to claim it is a bubble. If BTC is a bubble, it is an atypical one acting utterly different from all great bubbles of the past. The cryptocurrency exhibit features of a bubble and anti-bubble. Since Bitcoin gained wide publicity and more people began to […]
TL;DR Breakdown Verge network suffered a massive block reorg attack late Monday. The incident resulted in the loss of 200 days of transaction history on the network. For the first time in 2021, a cryptocurrency has suffered a massive block reorg (or blockchain reorganization) attack. This starts with Verge (XVG), a decentralized open-source digital currency […]