Amex Ventures contributes $55 million to the Abra fundraising effort
In spite of the fact that high-profile investors such as American Express (Amex) are participating in the new economy, venture capital continues to pour into the crypto industry. As part of its expansion strategy, cryptocurrency trading platform Abra has acquired $55 million in funding to support the next phase of its growth strategy. The company […]
Vitalik Buterin becomes one of Time magazine’s 100 most influential people in 2021
Prince Harry, Billie Eilish, Olympian Simone Biles, and Ethereum co-founder Vitalik Buterin all made the cut. Time magazine named Ethereum co-founder Vitalik Buterin , along with musicians, world leaders, activists, and others, one of the most influential people this year. Buterin appears on Time’s list of 2021 innovators, alongside Nvidia CEO Jensen Huang, Tesla CEO […]
Russian Central Bank aims to stop ‘emotional’ and suspicious crypto activity
Payments to crypto exchanges will be slowed by the Russian central bank in order to counteract suspect crypto activities. As cryptocurrency investments become more popular in Russia, the country’s central bank is working hard to stop what it considers to be dubious crypto activity and to prevent some cryptocurrency purchases. To protect customers against “emotional” […]
Bitcoin miner manufacturer Canaan records highest Q2 profit since 2019 IPO
Chinese Bitcoin miner manufacturer Canaan Inc. has reported significant revenue figures for the second quarter of 2021 despite a drop in the price of Bitcoin (BTC). Canaan’s unaudited Q2 financials were released on Tuesday, and the business reported total net revenue of over $1 billion Chinese renminbi (about $167.5 million). This is the Bitcoin miner […]
Defi Hack Alert: NowSwap suffers a $1 million loss due to a cyber attack
According to PeckShield, the DEX protocol, NowSwap experienced a cyber attack which made the firm lose more than $1 million in money. The hackers made off with 535,000 USDT and 158 WETH. USDTs are converted to ETH using 1inch, a distributed network service, and then transferred to Tornado Cash, an anonymous trading platform run by […]