Canadian Crypto Mining Firm Pow.re Closes $9.2M Series A, $18M Strategic Investment
Pow.re Closes $9.2 Million Series A Round and $18 Million Strategic Investment Pow.re, a Canadian crypto mining firm, has announced the successful closing of a $9.2 million Series A round and a $18 million strategic investment. The Series A round was led by crypto asset management platform Haru Invest, with support from digital assets trading company Trinito and RFD...
$5M Worth of AllianceBlock (ALBT) Tokens Stolen in Bonq Attack
AllianceBlock Suffers $5 Million Hack AllianceBlock, a decentralized borrowing protocol, has suffered a major hack resulting in the loss of $5 million worth of ALBT tokens. The attack occurred Wednesday afternoon, when a Polygon wallet accessed 112 million ALBT tokens and 500,000 USDC from dumping BEUR tokens. In response, AllianceBlock has paused all activity on its bridge. This attack...
Crypto Prices Surge: What’s Next for Bitcoin & Ethereum?
Crypto Assets Move Higher Despite Fed Announcement Crypto investors may have been expecting a 25 basis point rate hike from the Federal Reserve, but the announcement didn't stop them from sending bitcoin and other cryptos higher. As more economic data pours in, will crypto assets continue to move higher? Waves' USDN token is also exiting its stablecoin model in...
Tom Graham: Blockchain Tech Can Help Protect Digital Identities
Blockchain Technology to Protect Digital Identities The Tom Cruise "deepfake" videos that went viral on TikTok sparked the creation of an AI software company, Metaphysic. Co-founder Tom Graham wants people to be more aware of the technology and how they can protect their digital identities. Blockchain technology, which is immutable, may be the perfect tool to do this. Graham...
LBRY’s LBC Rallies Hard, But Gains Retreat as Euphoria Passes
LBRY Credits (LBC) Rally Fades This week, LBRY credits (LBC) saw a surge in price due to reports of a favorable court case. However, traders began to give back their gains as the initial euphoria gave way to the reality that the ruling has yet to happen. As of 5 p.m. ET Wednesday, LBC was down nearly 4% in...
Rocket Pool Grapples with Proposal to Limit ETH Staker Growth
Establishing Guiding Principles for Rocket Pool The decentralized Ethereum validator service Rocket Pool is currently considering a philosophical proposal that could limit the growth of ETH stakers. The proposal would establish a set of guiding principles for Rocket Pool to follow when managing its staked ether. The author of the proposal, Valdorff, is concerned that some stakers have become...
Ripple Sells $226 Million Worth of XRP Tokens in Q4: XRP Markets Report
Ripple's Q4 XRP Market Report Ripple, the centralized fintech company, recently released its Q4 XRP Markets Report. The report revealed that Ripple sold $226 million worth of XRP tokens, net of purchases, during the fourth quarter of 2020. Ripple developed the XRP payment system, which is described as decentralized, and uses XRP and XRP's public blockchain to power its...
Stablecoin Returns vs US Gov Bonds: Widening Gap
Stablecoins Outperform US Government Bonds: Curve's 3pool Yields Higher Returns As the world of decentralized finance continues to grow, the returns from depositing stablecoins on Curve's 3pool are increasingly outperforming those of U.S. government bonds. Curve's 3pool is a liquidity base pool that provides crypto traders a capital-efficient means of swapping between the top three stablecoins – USDT, USDC and...
Debut of Ordinals Protocol: Bitcoin Purists vs. Versatile Network Supporters
Ordinals Protocol: Bridging the Gap Between Bitcoin Purists and NFT Enthusiasts The Ordinals protocol is revolutionizing the way Non-Fungible Tokens (NFTs) are stored on the Bitcoin blockchain. This month's debut of the protocol has sparked a debate between Bitcoin purists, who believe the blockchain should be restricted to financial transactions, and those who see the network as large and...
Celebrate Vitalik Buterin’s Birthday with EthBoy’s Latest NFT Edition
Celebrating Vitalik Buterin's Birthday with EthBoy's Fourth Edition Celebrate Ethereum co-founder Vitalik Buterin's birthday with the fourth edition of EthBoy, the non-fungible token (NFT) painting of him in a harlequin suit. Created by artist Trevor Jones in the style of Pablo Picasso's Paul as Harlequin, the latest edition, titled TRANSCEND, was done in collaboration with Grammy-winning DJ Sasha and will...
