Cardano surges with smart contract upgrade imminent August 11, 2021 Crypto at a Glance The cryptocurrency markets continue to climb today, with the Bitcoin price up another 2 per cent over the past 24 hours to more than $46,300 at time of writing. Ethereum is also up around 4 per cent to more than $3,200. Can they keep the upward momentum today? The market’s resurgence [...]
Coinbase takes record $1.9bn in transaction revenue in Q2 August 11, 2021 Coinbase, the world’s second largest cryptocurrency exchange by trade volume, took a record $1.9bn (£1.4bn) in transaction revenue in Q2 of 2021. Trading volume increased by 1,550 per cent hitting $462bn, up from $28bn in Q2 of 2020. Net revenue for Q2 and adjusted EBITDA also increased tenfold, reaching $1.6bn and $1.1bn respectively. Bumper transaction [...]
More than $600m lost in worst ever DeFi hack August 10, 2021 Poly Network, a cross-chain protocol, has been attacked by a hacker who drained $611m (£441m) in the worst ever theft affecting Decentralized Finance (DeFi). Poly Network, which operates on the Ethereum, Binance and Polygon blockchains took to Twitter to announce the theft. They said: “We are sorry to announce that #PolyNetwork was attacked on @BinanceChain, [...]
Sen Richard Shelby, 87, puts screws on US Crypto yet the market is green as he just united the whole industry to fight! August 10, 2021 Greetings from Mallorca where I’m trying to holiday whilst I contemplate my advancing years – soon to be scoring my half century. Meanwhile ageism is alive and well in the US as millennials scream at the top of their lungs that the boomers and their parents are screwing Crypto. Seriously though they might have a [...]
Crypto markets reach highest level since May as US tax legislation looms August 9, 2021 Crypto at a Glance The cryptocurrency market yesterday rallied to its highest level since 19 May, hitting a total market cap of more than $1.85 trillion as both Bitcoin and Ethereum made gains. Sentiment has also flipped to greedy for the first time since May, according to the Fear & Greed Index, while the Twitter [...]
Crypto community battles ‘unworkable requirements’; Ethereum upgrade goes live August 9, 2021 Cryptocurrency data shows the price of Bitcoin moved from close to $40,000 at the beginning of the week to a $38,000 low, seemingly after failing to go above that mark. As the week developed, however, BTC surpassed it to now trade at $44,000. Ethereum’s ether, the second-largest cryptocurrency by market capitalization, moved in a similar [...]
London law firms launch first global crypto fraud network August 9, 2021 A network for crypto-related fraud has been launched by a group of law firms, including Grant Thornton, in a bid to make the UK a global centre for crypto dispute resolution, amid a rise in scams. The ‘Crypto Fraud and Asset Recovery’ (CFAAR) network has been created with the aim of becoming a “known body [...]
Coinbase gets its (second) act together – really August 7, 2021 City AM columnist Monty Munford casts away his early doubts over Coinbase to discover a new-found love for the platform.
Crypto AM Daily in association with Luno August 6, 2021 Crypto at a glance with Jason Deane It “feels” like Bitcoin has been busy over the last few days, yet we find ourselves pretty much back where we were this time last week, price wise at least. Of course, for many of us, short term price is completely irrelevant since we’re so focussed on where [...]
Redesigning the global financial infrastructure for the digital-age August 6, 2021 Since the ‘DeFi Summer’ of 2020, the DeFi market has grown by 40 times, with the Total Value Locked currently standing at $61B. Stablecoins, one of the major pillars of DeFi, almost quadrupled in the first half of 2021 to $112 billion. Novum Insights’ latest report Decentralized Finance: Re-designing the global financial infrastructure for the [...]