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“# KuCoin CEO says insurance covered 16% of losses from $285M hack in 2020 ” KuCoin CEO Johnny Lyu has revealed that users did not suffer losses on account of the hack that occurred in 2020. The KuCoin chief made this known as part of a letter titled “2020, 2021, and Beyond.” Back in September…
“# Uphold to launch crypto cards in Europe with new acquisition ” Uphold, an American digital wallet and trading platform, has acquired European card issuer Optimus Cards UK Limited to launch a cryptocurrency-enabled card on the continent. According to a Feb. 2 announcement, Uphold is planning to roll out its crypto-powered debit card in Europe…
“# Polish crypto exchange employee in induced coma after armed attack ” Polish police have detained a suspect in an armed attack on FlyingAtom, a cryptocurrency and gold exchange in the city of Olsztyn in northeastern Poland. The incident, which occurred around 7 p.m. local time on Jan. 22, resulted in the injuries of two…
“# Hanwha to acquire $52M stake in crypto exchange Upbit’s parent company ” South Korean conglomerate Hanwha Group is reportedly acquiring a stake in the parent company of major local cryptocurrency exchange Upbit. Hanwha Investment and Securities, the securities brokerage arm of Hanwha Group, has reached an agreement to buy a 6.15% stake in Upbit’…
“# US Bitcoin exchange traffic explodes as analyst says flows hint at new BTC bull run ” Bitcoin (BTC) exchanges in the United States are seeing unprecedented popularity as a wave of adoption sweeps the market. Data from statistics resources Alexa and Similarweb shows that major exchange Coinbase now ranks within the top 1,000 most…
“# Bitcoin and Ethereum held on exchanges drops to a multi-year low, here’s why ” Recent global developments have put a spotlight on the cryptocurrency sector as people across the world begin to question the decision making process of governments and central banks. Multiple metrics like the increasing amount of Ether (ETH) and Bitcoin (BTC)…
“# Band, Loopring (LRC) and Cream secure a slice of DeFi with new partnerships ” The U.S. dollar lost about 7% of its value in 2020, while Bitcoin rallied about 300% during the same period. As Bitcoin’s institutional adoption increases, United States companies may start to diversify their treasury with other stores of value, and Bitcoin…
“# Led by Uniswap, decentralized exchange volumes soared above $50B in January ” Decentralized finance (DeFi) has emerged as one of the driving forces of crypto sector growth, and it is also establishing itself as an integral component driving widespread adoption of cryptocurrencies. A recent report from Delphi Digital points out that there has been…
“# Ethereum derivatives data suggests traders expect prices above $2,000 ” After marking a new $1,477 high on Jan. 24, Ether’s (ETH) price was shaken down to $1,206 on Jan. 27. But according to derivatives markets, bulls remain confident that $2,000 is still within reach. The neutral-to-bearish put options open interest above $1,360 is irrelevant,…
“# OKEx to accelerate Bitcoin transactions with Lightning Network ” Global cryptocurrency exchange OKEx is moving to cheaper and faster Bitcoin (BTC) transactions with its upcoming Lightning Network integration. According to a Feb. 2 announcement, OKEx’s Bitcoin Lightning Network will be integrated “in the coming quarter,” making OKEx a participant node in the Lightning Network….