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ChainSwap saga: Platform hit again; MATTER, ROOM, others tank; compensation plan announced

Source Node: https://cryptoslate.com/chainswap-saga-platform-hit-again-matter-room-others-tank-compensation-plan-announced/
Time Stamp: July 12, 2021 4:00 PM - Modified On: July 12, 2021 - Published By:
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Republished By Plato

On Saturday, a hacker attacked the cross-chain decentralized finance (DeFi) platform ChainSwap (ASAP), exploiting a critical vulnerability in its smart contract.Roughly nine days after its latest exploit, which resulted in losses of around $800,000, the project got drained for a significantly larger sum as more than 10 tokens have been impacted.ChainSwap hacker Many projects partnered with the cross-chain platform to bridge tokens between Ethereum (ETH)) and Binance Smart Chain (BSC) were affected, including Umbrella Network (UMB), Antimatter (MATTER), Dafi (DAFI) and Option Room (ROOM), to name a few.The team published a

China Situation Not as Bad, Bitcoin to Reclaim $60K In 2021: Interview with OKEx

Source Node: https://cryptopotato.com/china-situation-not-as-bad-bitcoin-to-reclaim-60k-in-2021-interview-with-okex/
Time Stamp: July 12, 2021 11:36 AM - Modified On: July 12, 2021 - Published By:
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Republished By Plato

CryptoPotato had the opportunity to host a discussion with Lennix Lai – the Financial Markets Director at OKEx. Established in 2017, OKEx is one of the leading cryptocurrency exchanges in the world by means of trading volume and is also a big player in China. We took the opportunity to discuss, first hand, what’s currently going on in the market from both a retail and institutional perspective, as well as what’s actually happening in China. [embedded content] $60K Bitcoin In 2021 After Bitcoin lost around 50% from its all-time high

2020: Ending on a High Note

Source Node: https://insights.coinigy.com/2020-ending-on-a-high-note/
Time Stamp: December 31, 2020 3:23 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

I think we all can agree that Bitcoin and the cryptocurrency industry reaching all time highs seemingly every other day was something that we all needed as we leave 2020 in the past and look forward to what is coming in 2021. This was a year quite different than the rest and most certainly not one any of us could have anticipated. 2020 was challenging for most - many lost jobs, loved ones and more. However, it has been a year of growth and adaptation to this new norm as

Polkadot Passes Bitcoin Cash as 6th Largest Crypto

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Time Stamp: December 31, 2020 2:01 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Polkadot and its native cryptocurrency, DOT, have overtaken Bitcoin Cash (BCH) as the sixth largest cryptocurrency by market cap. According to CoinGecko, a cryptocurrency market capitalization aggregator, Polkadot has a market cap of $7.63 billion. It now ranks sixth by market cap, compared to Bitcoin Cash’s $6.35 billion market cap. What has many impressed is the short time frame it took for Polkadot to reach this level. Polkadot is less than a year old. While Polkadot was hitting this milestone, co-founder Gavin Wood released an updated road map for the

The Effect of Coronavirus on the Cryptocurrency Market

Source Node: https://coinrabbit.io/blog/the-effect-of-coronavirus-on-the-cryptocurrency-market/
Time Stamp: December 30, 2020 5:58 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The year 2020, has been greatly eventful. From threats of a world war, to increased terrorist attacks. A biography on the life of the year 2020, would not only be a bestseller but also an excellent read. However the most significant single event of this year is and has been the coronavirus (COVID-19) pandemic, at its global takeover. From a regular virus, one that was once considered to be not worse than a cold flu, to transition into a global pandemic outbreak. The COVID-19 pandemic has affected every aspect of

Flare Network Review: Smart Contract Network For XRP

Source Node: https://www.coinbureau.com/review/flare-spark-flr/
Time Stamp: December 26, 2020 11:08 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

As the third largest cryptocurrency most people familiar with the space have heard about Ripple and they understand that it is a global payment and foreign exchange network that was designed to replace the outdated SWIFT banking network. And while it works great for that specific use case, otherwise it has shown limited usefulness in other functions.That might all be fixed however as the Flare Network has been created with the goal of improving the utility of XRP tokens by creating a network with smart contract capability for the XRP

SEC Crypto Mom Greets Pro-Crypto Acting Chairman

Source Node: https://beincrypto.com/sec-crypto-mom-greets-pro-crypto-acting-chairman/
Time Stamp: December 26, 2020 6:09 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

SEC Commissioner Hester Price tweeted on Dec. 24 her congratulations to fellow commissioner Elad Roisman on his promotion. Congratulations, Chairman Roisman! I look forward to your leadership of the SEC.— Hester Peirce (@HesterPeirce) December 24, 2020 Securities and Exchange Commissioner (SEC) Roisman’s appointment is not official. The SEC and White House have not confirmed the fact. However, Commissioner Price, known to the crypto community as Crypto Mom, did tweet her greetings. Feat of Clayton at SEC The move comes a day after SEC Chairman Jay Clayton announced his immediate departure.