Decentralized finance (defi) protocol Akropolis was on Thursday hacked for $2 million in DAI, in the latest flash loan attack to hit the nascent defi industry.

The attacker pilfered the platform’s Ycurve pool in batches of $50,000 in the stablecoin DAI. This particular pool allows investors to trade stablecoins and earn interest.

In a statement on Nov. 12, Akropolis revealed that the hack was executed across a body of smart contracts in its “savings pools”.

“At ~14:36 GMT we noticed a discrepancy in the APYs of our stablecoin pools and identified that ~2.0mn DAI had been drained out of the Ycurve and sUSD pools,” it said.

The pools are said to have been audited by ... Read more »

Category: News | Views: 32 | Added by: danyagames2007 | Date: 13.11.2020 | Comments (0)

Another bank is reportedly moving into crypto amid a major bull run in crypto markets.

Belarusbank, the largest financial institution in Belarus, is reportedly launching a cryptocurrency exchange service.

According to a Nov. 12 report by local news agency Prime Press, Belarusbank is rolling out a service allowing users to exchange cryptocurrency using a Visa payment card. As reported, the new service enables trading crypto against fiat currencies like the Belarusian ruble as well as the United States dollar and the euro.

Belarusbank executives reportedly said that the launch of the new crypto service comes in line with the company’s digital transformation program that was announced a few years ago.

The ne ... Read more »

Category: News | Views: 39 | Added by: danyagames2007 | Date: 13.11.2020 | Comments (0)

Analysis of past elections on other assets tell a positive story for Bitcoin, with holders already sitting in profit.

With Joe Biden poised to be the next president of the United States, Cointelegraph Consulting reflects on how traditional assets have responded to the election of a Democratic candidate. Historically, Democrats have been bullish for gold, as the common perception is that more unbacked money gets printed under Democratic leadership, further debasing the dollar. In the short term, Bitcoin (BTC) has already strongly benefited, increasing by 10% since election day so far.

The latest findings by Santiment, published in Cointelegraph Consulting’s biweekly newsletter, indicate that long-term Bitcoin holders&rsqu ... Read more »

Category: News | Views: 32 | Added by: danyagames2007 | Date: 13.11.2020 | Comments (0)

Want to pay less for hotels so you’ve got more money for cocktails on the beach? A crypto start up says its digital currency is now supported by a cut-price travel site.

Once the coronavirus pandemic is over and lockdown restrictions end, there’s one thing that will be a priority for many of us: booking a vacation.

But here’s the problem — many hotel rooms are charged at eye-watering prices, with some travel websites serving as middlemen and adding hefty commissions in the process.

Now, Electroneum has announced that its native digital asset can be used as a payment method on LockTrip, a site that allows globetrotters to discover secret travel deals and save up to 60% on the cost of their holida ... Read more »

Category: News | Views: 27 | Added by: danyagames2007 | Date: 13.11.2020 | Comments (0)

Bitcoin price started a strong increase after it broke the $16,000 resistance against the US Dollar. BTC is up 5% and it is now facing hurdles near $16,500.

Bitcoin managed to clear the $16,000 resistance to start another increase.
The price is currently trading well above the $16,200 support and the 100 hourly simple moving average.
There are two bullish trend lines forming with support near $16,080 and $15,900 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could correct a few points, but dips are likely to be limited below $16,000.

Bitcoin Price Settles Above $16K

Yesterday, we discussed the significance of an upside break in bitcoin price above the $16,000 resistance. B ... Read more »

Category: Analytics | Views: 35 | Added by: danyagames2007 | Date: 13.11.2020 | Comments (0)

Top decentralized finance (DeFi) coins have dropped 5-10% over the past 24 hours despite Bitcoin’s move higher. BTC now trades at new year-to-date and multi-year highs at $16,300 and may continue higher as the key supports in the $16,000 region are surpassed.

While Bitcoin is up 3% In the past 24 hours, top DeFi names like Aave, Yearn.finance (YFI), and Synthetix Network Token (SNX) have dropped 5-10% in the past 24 hours.

Ethereum is also down 2% in the past 24 hours, falling from the local highs around $475.

Top DeFi Coins Drop Amid Bitcoin Rally

This drop in the DeFi market comes after an extremely strong move higher in the prices of DeFi coins, where leading names have rallied over 100% since their ... Read more »

Category: News | Views: 29 | Added by: danyagames2007 | Date: 13.11.2020 | Comments (0)

The blockchain intelligence and surveillance company Chainalysis revealed the launch of a new program that aims to help governments and insolvency practitioners sell seized cryptocurrencies. The news follows the recent U.S. government seizure of more than 69,000 BTC worth over $1 billion on November 3.

Blockchain surveillance firm Chainalysis announced the launch of a new program that caters to recovering, storing, and selling crypto assets that have been seized by law enforcement officials.

“[The] asset realization program [will] help government agencies and insolvency practitioners handle, store, realize, and monitor seized assets,” Chainalysis said on Thursday.

Chainalysis explained that ... Read more »

Category: News | Views: 37 | Added by: danyagames2007 | Date: 13.11.2020 | Comments (0)

Payment processing giant Paypal announced on Thursday that “all eligible Paypal account holders in the U.S. can now buy, hold, and sell cryptocurrency directly with Paypal.” The news follows the company’s announcement to support crypto assets at the end of October.

Paypal’s New Relationship With Crypto Assets

On October 21, 2020, the payment firm Paypal announced that it would soon support bitcoin (BTC), ethereum (ETH), bitcoin cash (BCH), and litecoin (LTC). The company said the Paypal customers would be able to buy, sell, and hold the virtual assets.

On November 2, 2020, Paypal CEO Dan Schulman discussed the company’s cryptocurrency support ... Read more »

Category: News | Views: 35 | Added by: danyagames2007 | Date: 13.11.2020 | Comments (0)

Bitcoin’s explosive gains are strongly reflected by the number of days it has closed above $16,320.

The Bitcoin (BTC) price, which is currently sitting at $16,320, has only been at this level or higher for 12 days in the coin’s entire 4,332-day history, representing just 0.28% of the cryptocurrency’s life.

Crypto analytics platform Messari published data stating that the closing price had exceeded $16,320 only on 12 other days, 10 of which occurred from Dec. 7 to 20 in 2017, with the highest close occurring on Dec. 16 at $19,378. Any investor who bought at the all-time high of $20,089 would still be down 18.35%. In contrast, investors who bought at this cycle’s low of $3,126 on Dec. 15, 2018, would be u ... Read more »

Category: News | Views: 35 | Added by: danyagames2007 | Date: 13.11.2020 | Comments (0)

BitPay Send allows businesses to issue mass crypto payments around the world without having to hold any crypto themselves.

Crypto payment services provider BitPay has launched BitPay Send, a new blockchain-powered mass payout platform for businesses.

BitPay Send allows organizations who do not want to handle or own crypto themselves to process crypto payments en masse. It can be used to complete payroll payments, pay contractors or affiliates, or process customer cashback and rewards programs. Available in 225 countries recipients ju need to pass KYC and have a crypto wallet.

BitPay claims the platform cuts processing times from days to minutes.

The service has already been adopted by advertising platform AdGat ... Read more »

Category: News | Views: 42 | Added by: danyagames2007 | Date: 13.11.2020 | Comments (0)