U.S. crypto exchange Coinbase said Tuesday that it brokered Microstrategy’s $425 million bitcoin purchase earlier this year. Until now, it has not been clear who facilitated the deal. Microstrategy’s first… Read more »
Lenders on decentralized finance (defi) protocol Compound on Thursday got liquidated for a massive $103 million, according to analytics provider Loanscan. This happened after what appears to be an oracle… Read more »
Key Takeaways Over $100 million has been liquidated on Compound over the last 24 hours. One user farming Compound’s native COMP token suffered a loss of $49 million. Signs point… Read more »
An African company backed by Amazon CEO Jeff Bezos, Chipper Cash, has raised $30 million and is launching a cryptocurrency trading service due to high demand for cryptocurrencies, including bitcoin…. Read more »
Nvidia released its earnings for the third fiscal quarter of 2021 this week, showing better-than-expected results, driven by sales of its graphics processing unit (GPU) chips. The firm reported graphics… Read more »
During the last few months, a slew of celebrity luminaries, millionaires, and even a number of billionaires have announced taking the plunge into the crypto asset economy. On Thursday evening,… Read more »
Key Takeaways Saylor states that the economic crisis of 2020 caused hyperinflation of major assets. “Bitcoin is about digital scarcity,” says Saylor. He believes that cash is losing value at… Read more »
Key Takeaways Origin Protocol suffered a flash loan attack last night, leading to losses of $7 million. The Origin Protocol team has announced its plans to compensate affected users. An… Read more »
Cryptocurrency fund manager Grayscale Investments now holds more than 500,000 BTC in its Bitcoin Trust. According to a Nov. 16 post, Grayscale now holds to $8.35 billion worth of Bitcoin—… Read more »
Key Takeaways Akropolis lost $2 million in breach despite independent audit. The funds were stolen from liquidity pools connected to the project. User funds and staking pools were not affected…. Read more »