First Mover Asia: USDC Hasn’t ‘Flippened’ USDT, but Trader Preferences Are Changing; Cryptos Rise Despite Bearishness

First Mover Asia: USDC Hasn’t ‘Flippened’ USDT, but Trader Preferences Are Changing; Cryptos Rise Despite Bearishness By Sam Reynolds, Damanick Dantes, James Rubin A Glassnode analyst suggests the collapse of the UST token has triggered a change in investors’ stablecoin preferences; bitcoin holds above $30,000. Prices: Bitcoin and other major cryptos see green, but market sentiment […]

Attacker Drains $182M From Beanstalk Stablecoin Protocol

Attacker Drains $182M From Beanstalk Stablecoin Protocol By Sam Kessler Beanstalk Farms, an Ethereum-based stablecoin protocol, was exploited for $182 million Sunday. The attack was flagged on Twitter by blockchain security firm PeckShield, which said the attacker made away with at least $80 million in crypto, although the losses suffered by the protocol were much larger. […]

Hackers Steal Over $600 Million in Major Crypto Heist

Hackers Steal Over $600 Million in Major Crypto Heist By AFP Hackers stole cryptocurrency worth over $600 million from a digital ledger used by players of the popular online game Axie Infinity, in a major digital cash heist revealed Tuesday. Interest in cyptocurrency has boomed, along with its values, but the money has also become an attractive […]

Market Wrap: Ether Outperforms, Bitcoin Rises Above $42K

Market Wrap: Ether Outperforms, Bitcoin Rises Above $42K By Damanick Dantes ETH was up as much as 5% over the past 24 hours, compared with a 2% rise in BTC. Ether’s 24-hour price chart (CoinDesk) Most cryptocurrencies traded higher on Friday after a volatile week. Ethereum (ETH) was the standout, climbing as much as 5% […]