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Ethereum fork token ETHPoW climbs 150% after smart contract hack — A fakeout rally?

September 27, 2022

ETHPoW’s hash rate and total value locked have risen significantly during its latest bull run. ETHW has logged a significant price rebound despite its blockchain network, ETHPoW, suffering a smart contract hack in the first week after its launch. The short analysis of the attackhttps://t.co/87OVRqaYb2 https://t.co/vhRJyZVc72 — BlockSec (@BlockSecTeam) September 18, 2022 https://platform.twitter.com/widgets.js Bull trap…
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Nexo acquires stake in US chartered bank

September 27, 2022

By acquiring a stake in the holding company that owns Summit National Bank, Nexo plans to expand its financial product offerings in the United States. Digital asset lending platform Nexo has purchased a stake in a holding company that owns a federally chartered bank in the United States — a move Nexo said will enhance…
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Do Kwon Returns to Twitter Despite Interpol Red Notice, LUNC Rally Halts

September 27, 2022

Do Kwon, the co-founder of Terraform Labs and the Terra network has returned to Twitter, despite the fact that prosecutors in South Korea are now freezing his bitcoin (BTC) and cryptoassets – as TerraLunaClassic (LUNC) prices continue to take holders on a bumpy ride…. Read More: Do Kwon Returns to Twitter Despite Interpol Red Notice,…
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Bitcoin Price and Ethereum Print Bullish Pattern, UNI Surges

September 27, 2022

Bitcoin price started a steady increase above the $19,500 resistance. BTC is currently (11:00 UTC) up over 5% and there was a move above $20,000. The previous resistance at $19,500 might now act as a strong support. Similarly, most major altcoins are slowly moving higher. ETH is up 5% and is approaching the $1,400 resistance…
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Crypto Lender NEXO Faces Cease-and-Desist Order From California

September 27, 2022

All-in-one cryptocurrency platform Nexo has received a cease-and-desist order in the U.S. state of California.  The desist-and-refrain order which was filed by California’s Department of Financial Protection and Innovation (DFPI) alleges that Nexo has offered and sold “unqualified securities” through the program in violation of California’s Çooperation Code. … Read More: Crypto Lender NEXO Faces Cease-and-Desist Order From…
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Deribit Valued at $400 Million After a Fundraiser from Existing Investors: Report

September 27, 2022

Panama-based crypto derivatives exchange Deribit has raised funds from existing shareholders at a $400 million valuation, The Block reported, citing “four sources with the knowledge of the matter.” The two of these sources claimed that the exchange raised around $40 million in the deal, with the company’s existing shareholders include QCP Capital, Akuna Capital, and…
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Why Crypto Prices Are Pumping Higher Today While Macro Outlook Darkens

September 27, 2022

The cryptocurrency market has risen by 4.5% in the past 24 hours, with its total cap reaching $1.012 trillion. This rally ends a largely negative seven days for the market, which fell as low as $939 billion last Thursday, meaning that the present level represents a 7.5% recovery in prices…. Read More: Why Crypto Prices…
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Spanish Telecom Giant Telefonica Partners With Qualcomm to Develop Joint Metaverse Initiatives

September 27, 2022

Telefonica, one of the largest telecom carriers in Spain, and Qualcomm, the fabless chip designer, have inked a partnership to advance joint extended reality and metaverse initiatives. Telefonica will use Snapdragon Spaces, a new technology from Qualcomm, to bring these metaverse experiences to its customers. The agreement also includes the possibility of pursuing joint commercial…
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Binance Resumes Offering Futures Trading Products to South African Users

September 27, 2022

One of the world’s biggest cryptocurrency exchanges by volumes traded, Binance, has said its futures products are now available to eligible South African users. In a message to its users, Binance suggested it has rectified issues with the regional regulator and that its activities in South Africa are now above board. Products Offered Unchanged Almost…
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Almost everything could be tokenized in 5-10 years — Matrixport co-founder

September 27, 2022

Cost efficiencies, improved liquidity, 24/7 market access, and the removal of intermediaries were the main advantages’ cited which blockchain infrastructure has over current legacy systems. In five to ten years, almost every “real world” asset class could be tokenized in the form of a nonfungible token (NFT) according to Cynthia Wu, co-founder of digital asset…
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