Ripple Is Selling 33% of Its Stake in Moneygram

Ripple Is Selling 33% of Its Stake in MoneygramRipple Labs Inc. is selling 4 million of its shares in Moneygram, or about a third of its total shareholding in the company. The decision seems in part to be motivated by the surging Moneygram share price and Ripple’s desire to cash out after buying the shares at a premium of $4.10 in 2019. At […]

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Chinese Police Seize $4.2 Billion in Multiple Cryptocurrencies From Plustoken Ponzi Clampdown

Chinese Police Seize $4.2 Billion in Multiple Cryptocurrencies From Plustoken Ponzi ClampdownChinese police have seized more than $4.2 billion worth of crypto assets in its clampdown against the Plustoken Ponzi scheme. According to a court ruling made public on Nov. 26, and shared by The Block, law enforcement confiscated a total of 194,775 bitcoin (BTC), 833,083 ether (ETH), 1.4 million litecoin (LTC), and 27.6 million EOS. […]

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$100 Million Liquidated on Defi Protocol Compound Following Oracle Exploit

$100 Million Liquidated on Defi Protocol Compound Following Oracle ExploitLenders 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 exploit on the Dai stablecoin. An apparent error or malicious attack to the Dai-dollar-peg data supplied by the Coinbase oracle pushed the price of the […]

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$100 Million Liquidated on Defi Protocol Compound Following Oracle Exploit

$100 Million Liquidated on Defi Protocol Compound Following Oracle ExploitLenders 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 exploit on the Dai stablecoin. An apparent error or malicious attack to the Dai-dollar-peg data supplied by the Coinbase oracle pushed the price of the […]

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Hackers Paradise: Yet Another Defi Protocol Exploited for Nearly $20 Million in DAI

Hackers Paradise: Yet Another Defi Protocol Exploited for Nearly $20 Million in DAIDecentralized finance (defi) protocol Pickle Finance was hacked for $19.7 million of the stablecoin DAI over the weekend, as the defi industry appears to be turning into a hackers paradise. Pickle’s native token (PICKLE) plunged 62% on the news, falling from $23.27 to $8.70 when the hack was first reported on Nov. 21. At the […]

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Hackers Paradise: Yet Another Defi Protocol Exploited for Nearly $20 Million in DAI

Hackers Paradise: Yet Another Defi Protocol Exploited for Nearly $20 Million in DAIDecentralized finance (defi) protocol Pickle Finance was hacked for $19.7 million of the stablecoin DAI over the weekend, as the defi industry appears to be turning into a hackers paradise. Pickle’s native token (PICKLE) plunged 62% on the news, falling from $23.27 to $8.70 when the hack was first reported on Nov. 21. At the […]

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Paypal Bought 70% of All Newly Mined Bitcoin Last Month as Demand Rockets

Paypal Bought 70% of All Newly Mined Bitcoin Last Month as Demand RocketsPaypal bought up to 70% of all the newly mined bitcoin since the payments giant started offering cryptocurrency services four weeks ago. Now that’s according to estimates by hedge fund manager Pantera Capital, as revealed in its latest monthly blockchain letter. Together with Square’s Cash App, the two companies are buying more than 100% of […]

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Nvidia Posts Record Q3 Earnings, Sales of GPUs to Crypto Miners Reach $175 Million

Nvidia Posts Record Q3 Earnings, Sales of GPUs to Crypto Miners Reach $175 MillionNvidia 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 segment revenue of $2.79 billion for the quarter, beating analyst estimates of $2.1 billion. Within the graphics segment also falls the gaming division. Nvidia said […]

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Crypto Security Firm Fireblocks Raises $30 Million in Series B Funding, Targets Global Expansion

Crypto Security Firm Fireblocks Raises $30 Million in Series B Funding, Targets Global ExpansionCrypto security firm Fireblocks said Wednesday that it has raised $30 million in a Series B funding round. The money will be used to hire new talent as well as to expand its global operations to meet “institutional and retail market demand for digital assets.” The round was led by Paradigm, with participation from Fireblocks’ […]

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Mike Novogratz’s Galaxy Digital to Launch Bitcoin Fund in Canada

Mike Novogratz's Galaxy Digital to Launch Bitcoin Fund in CanadaGalaxy Digital, the crypto investment management firm founded by bitcoin bull Mike Novogratz, has revealed plans to launch a bitcoin fund in Canada. In a statement published Nov. 16, Galaxy Digital said it has partnered with major Canadian fund manager CI Global Asset Management for the launch. The fund is called the “CI Galaxy Bitcoin […]

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