Token Projects to Recover $130M from the Kucoin Hack, Devs Condemned for Centralization

Token Projects to Recover $130M from the Kucoin Hack, Devs Condemned for CentralizationThe cryptocurrency community has been discussing the Kucoin hack as a great number of ERC20 projects have frozen, paused, or reversed their smart contracts after the hack. Estimates say that at least $129 million ERC20 tokens affected are considered “safe” from the hacker’s clutches. Additionally, evaluations show the breach may be much larger than originally […]

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Tether’s Stablecoin Dominance Drops Below 80% as Audit Controversy Lingers On

Tether's Stablecoin Dominance Drops Below 80% as Audit Controversy Lingers On OnThe total volume of stablecoins in circulation is closing in on the $20 billion mark, while the market-leading coin, USDT’s share of the total circulating supply continues to shrink, data from Coinmetrics shows. According to the data, USDT now accounts for an estimated at 80% of total supply, and the majority of the coins are […]

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Tether’s Stablecoin Dominance Drops Below 80% as Audit Controversy Lingers On

Tether's Stablecoin Dominance Drops Below 80% as Audit Controversy Lingers On OnThe total volume of stablecoins in circulation is closing in on the $20 billion mark, while the market-leading coin, USDT’s share of the total circulating supply continues to shrink, data from Coinmetrics shows. According to the data, USDT now accounts for an estimated at 80% of total supply, and the majority of the coins are […]

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Global Hashpower Exchange Launches World’s First Exchange Dedicated to Hashpower Futures – GHPEX.com

September 22, 2020 – Global Hash Power Exchange today announced the launch of GHPEX.com, the world’s first crypto exchange devoted to trading hashpower futures, signaling the next evolution of crypto trading. Designed for traders and miners in mind, GHPEX.com offers traders the ability to increase their leverage to take short and long positions, earning higher […]

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Tether Recovers $1 Million USDT Sent to Wrong Defi Address by Chinese Traders

Tether Recovers $1 Million USDT Sent to Wrong Defi Address by Chinese TradersTether has recovered and returned $1 million worth of USDT to a group of Chinese traders who, in error, sent the funds to a wrong decentralized finance (defi) address. On September 8, the group, going under the moniker ‘Bill,’ “accidentally” transferred the money to a Swerve token contract and could not retrieve it. In desperation, […]

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Crypto Volumes Surge in August: Binance Largest Spot Exchange as Huobi Leads Derivatives

Crypto Volumes Surge in August: Binance Largest Spot Exchange as Huobi Leads DerivativesThe latest report by Cryptocompare shows August spot cryptocurrency traded volumes by the 15 largest top-tier exchanges increased by 58.3% to $529 billion versus July figures. Low tier exchanges volumes, on the other hand, increased by 30.2% to end the month of August with a total of $291 billion. Binance leads the top tier list […]

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Opium‌ ‌Protocol Allows Traders to Hedge or Bet Against the Stablecoin Tether’s Solvency

Opium‌ ‌Protocol Allows Traders to Hedge or Bet Against the Stablecoin Tether's SolvencyCryptocurrency traders can now protect their tether tokens or bet against the solvency of the stablecoin by leveraging a new crypto derivatives product from the Opium Protocol. Opium founder, Andrey Belyakov, claims the product is the “first CDS (credit default swap) on a centralized stablecoin.” The stablecoin tether (USDT) is the most popular dollar-pegged token […]

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