Global cryptocurrency adoption among individual investors has surged in the past year, according to crypto-analysis firm Chainalysis. Using factors like peer-to-peer exchange trading volume and value received, Chainalysis said global crypto adoption rose some 881% in the past 12 months. The firm sees institutional markets as crucial but aimed to highlight the countries with the…
A little-known digital token linked to the Cardano blockchain has just become the third-largest virtual currency in the world as network developers look to ride the boom in decentralized finance. With the so-called ADA cryptocurrency jumping around 50% over the past week alone, optimism is rising that new technological enhancements will allow smart contracts on…
For most of the 13-year life of cryptocurrencies, exchanges were the epicentre for cyberheists. Now, a bigger hacking risk in the growing sector has exploded into view: peer-to-peer crypto platforms. One such site, Poly Network, was at the centre of a $610 million crypto theft last week, one of the biggest ever. Within days of…
Last fall, Randi Hipper decided to, as she put it recently, “go in-depth with the crypto space.” After hearing about NFTs on Twitter and other social media platforms, Hipper, then a 17-year-old senior at Xaverian High School in Brooklyn, began releasing her own digital artworks — cartoonish and self-referential pieces showing her cruising in a…
Bitcoin’s rebound from the depths of July is still missing one of its usual star players: Leverage. Crypto traders have yet to meaningfully pile on leverage — essentially, borrowed money that can amplify returns or losses — as they have in past rallies. The spread between Bitcoin futures and its spot price has shriveled relative…
By Alun John and Tom Westbrook HONG KONG (Reuters) – Poly Network, the cryptocurrency platform which lost $610 million in a hack earlier this week, confirmed on Friday it had offered the hacker or hackers a $500,000 “bug bounty”. In a statement it thanked the hacker – who it dubbed a “white hat”, sector jargon…
As the global cryptocurrency market hit $2 trillion for the first time in nearly three months, the industry players on Friday said the surge in the market cap indicates a wider acceptance of crypto assets across the globe, including in India. Bitcoin has crossed the $46,000 mark (more than Rs 34 lakh for single coin)…
By Gertrude Chavez-Dreyfuss and Michelle Price WASHINGTON (Reuters) -Hackers pulled off the biggest ever cryptocurrency heist on Tuesday, stealing more than $600 million in digital coins from token-swapping platform Poly Network, only to return $342 million worth of tokens less than 48 hours later, the company said. Here is what we know so far about…
By Simon Evans MIAMI (Reuters) – Soccer star Lionel Messi’s financial package in his move to French club Paris St Germain includes a payment in crypto currency fan tokens, a source close to the matter told Reuters on Thursday. Argentine Messi left Spanish side Barcelona and signed a two-year contract with Paris St Germain (PSG),…
Cryptocurrency exchange WazirX said it has seen a staggering 2,648 per cent growth in user sign ups from tier-II and tier-III cities in India. The exchange has over 7.3 million users, and has clocked over $21.8 billion in trading volume in 2021 till date. Tier-II and tier-III cities have driven almost 55 per cent of…
