Crypto Weekly Roundup: HTX Loses 5000 ETH In Major Hack And More
Less than two weeks after Huobi rebranded itself to HTX to boost user adoption, the crypto exchange was targeted by a hacker who siphoned 5000 ETH worth almost $8 million from the platform. Let’s find out more.
Bitcoin
The third green candle in a row has now propelled bitcoin past its downward trend line, which has been in force since 13 July.
Ethereum
The signs are looking good for Ethereum, with a break to the upside and a shift in the ETH/BTC pair in favor of the former, as well as a spike in ETH dominance.
DeFi
The Uniswap Foundation (UF) has submitted a proposal seeking a second round of funding to invest in their vision of powering their vision of the DeFi ecosystem.
Curve founder Michael Egorov has cleared his debt on Aave by depositing 68 million CRV tokens worth $35 million, settling his entire debt position on the DeFi lending protocol.
The Jade Protocol is facing calls from a longtime member to liquidate its $31 million token treasury and issue redemptions to all token holders.
Business
Crypto exchange Binance has advised its Paysafe users to convert their EUR balances into USDT by the end of October as the latter had withdrawn its services from the platform.
The DFINITY Foundation has made a significant move in driving Web3 adoption in Asia with the launch of the ICP Asia Alliance and a generous $20 million grant program.
Chainlink has announced the integration of its Cross-Chain Interoperability Protocol (CCIP) with layer-2 blockchain Base.
Notable Bitcoin miner Marathon Digital has confirmed the mining of an invalid block on the Bitcoin network.
Fhenix, an Israel-based encryption startup dedicated to bringing fully homomorphic encryption to smart contracts, has announced it has raised $7 million in seed funding.
Ethereum transaction tools provider Blocknative has made the decision to withdraw from its services connected to MEV-Boost Relay, the software utilized by network validators.
The bankrupt crypto lender BlockFi is set to begin repaying its customers after it received approval to begin the repayment process for customers as part of its amended liquidation plan.
Tether has communicated to Cake DeFi that since the latter is controlled by “another corporation that resides in Singapore,” it is precluded from redeeming USDT.
Japan’s largest bank, Mistubishi UFG Trust, has teamed up with Binance Japan to launch a Yen-backed stablecoin offering.
The Arbitrum Foundation announced in a tweet that it had transferred 69 million worth of its ARB native token to its own treasury.
Cryptocurrency exchange Coinbase had pursued the acquisition of FTX’s European entity as it looked to increase its foothold in the worldwide derivatives business.
Security
Cryptocurrency exchange HTX (formerly Huobi) has become the latest victim of a hack, losing 5000 ETH worth around $7.9 million, as revealed by company advisor Justin Sun.
P2P network Mixin Network confirmed in a disclosure published today that it incurred a loss of roughly $200 million in digital assets after an exploit that it is still under investigation.
South Korean cryptocurrency exchange Upbit has announced the resumption of Aptos (APT) deposits and withdrawals after fixing an issue that saw a scam APT token identified as the real one.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Crypto Weekly Roundup: HTX Loses 5000 ETH In Major Hack And More
Less than two weeks after Huobi rebranded itself to HTX to boost user adoption, the crypto exchange was targeted by a hacker who siphoned 5000 ETH worth almost $8 million from the platform. Let’s find out more.
Bitcoin
The third green candle in a row has now propelled bitcoin past its downward trend line, which has been in force since 13 July.
Ethereum
The signs are looking good for Ethereum, with a break to the upside and a shift in the ETH/BTC pair in favor of the former, as well as a spike in ETH dominance.
DeFi
The Uniswap Foundation (UF) has submitted a proposal seeking a second round of funding to invest in their vision of powering their vision of the DeFi ecosystem.
Curve founder Michael Egorov has cleared his debt on Aave by depositing 68 million CRV tokens worth $35 million, settling his entire debt position on the DeFi lending protocol.
The Jade Protocol is facing calls from a longtime member to liquidate its $31 million token treasury and issue redemptions to all token holders.
Business
Crypto exchange Binance has advised its Paysafe users to convert their EUR balances into USDT by the end of October as the latter had withdrawn its services from the platform.
The DFINITY Foundation has made a significant move in driving Web3 adoption in Asia with the launch of the ICP Asia Alliance and a generous $20 million grant program.
Chainlink has announced the integration of its Cross-Chain Interoperability Protocol (CCIP) with layer-2 blockchain Base.
Notable Bitcoin miner Marathon Digital has confirmed the mining of an invalid block on the Bitcoin network.
Fhenix, an Israel-based encryption startup dedicated to bringing fully homomorphic encryption to smart contracts, has announced it has raised $7 million in seed funding.
Ethereum transaction tools provider Blocknative has made the decision to withdraw from its services connected to MEV-Boost Relay, the software utilized by network validators.
The bankrupt crypto lender BlockFi is set to begin repaying its customers after it received approval to begin the repayment process for customers as part of its amended liquidation plan.
Tether has communicated to Cake DeFi that since the latter is controlled by “another corporation that resides in Singapore,” it is precluded from redeeming USDT.
Japan’s largest bank, Mistubishi UFG Trust, has teamed up with Binance Japan to launch a Yen-backed stablecoin offering.
The Arbitrum Foundation announced in a tweet that it had transferred 69 million worth of its ARB native token to its own treasury.
Cryptocurrency exchange Coinbase had pursued the acquisition of FTX’s European entity as it looked to increase its foothold in the worldwide derivatives business.
Security
Cryptocurrency exchange HTX (formerly Huobi) has become the latest victim of a hack, losing 5000 ETH worth around $7.9 million, as revealed by company advisor Justin Sun.
P2P network Mixin Network confirmed in a disclosure published today that it incurred a loss of roughly $200 million in digital assets after an exploit that it is still under investigation.
South Korean cryptocurrency exchange Upbit has announced the resumption of Aptos (APT) deposits and withdrawals after fixing an issue that saw a scam APT token identified as the real one.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Read More