Crypto Newsletter

Two South African brothers have vanished with $3.6 billion of bitcoin in what could be the biggest crypto heist in history

Two South African brothers recently vanished with $3.6 billion worth of bitcoin in what could potentially be the biggest cryptocurrency heist in history. Local media, including Independent Online and ITWeb, were the first to report on the case.

Litecoin (LTC) Price Analysis: Bulls Facing Uphill Task Near $140

This week, there was a decent recovery wave in bitcoin, ethereum, ripple, and litecoin against the US Dollar. Earlier, LTC declined heavily below the $130 level and the 55 simple moving average (4-hours).

The price even broke the $120 support level. It traded close to the $100 level and a low was formed near $105. Recently, there was an upside correction from $105 and the price climbed above $120. There was a break above the 23.6% Fib retracement level of the key decline from the $182 swing high to $105 low.

NFT Marketplace Rarible Raises Over $14 Million, Plans to Launch on Flow Blockchain

The non-fungible token (NFT) marketplace Rarible has revealed the company has raised $14.2 million in a Series A funding round. Rarible details the funds will be leveraged to take NFTs to the mainstream and announced integration with the consumer-centric blockchain called Flow.

Coinbase unveils 'Solidify' tool to auto-audit smart contracts and DeFi clones

Coinbase has unveiled a new tool that can automatically audit smart contracts built on Ethereum that use the Solidity programming language.

Designed to be used by smart contract auditors, asset issuers, and other exchanges, the firm has plans to make the tool open source later this year

Beware of ‘soft rugs’ — a growing menace in decentralized finance

The decentralized finance ecosystem has been plagued by a variety of known scams and exploits for some time, with yet another coming in the form of what is known as a “soft rug”.

Those that have been dabbling in DeFi for some time will be familiar with the term “rug pull”. This generally refers to the abandoning of a project by insiders or developers who remove liquidity from pools or vaults on decentralized exchanges and disappear with the funds.

Bipartisan bill to study blockchain and crypto passes US House of Representatives

A bipartisan bill that requires the study of blockchain technology and digital tokens passed the House of Representatives on June 22.

The “Consumer Safety Technology Act'' is centered on consumer protection and includes digital token and blockchain research. The bill passed the 117th Congress within a week of its introduction, with a resounding 325 votes in favor of, and 103 votes against.

The ‘crab’ market: Bitcoin hovers near $30,000, Ethereum fails to break $2,000

Cryptocurrency markets bounced upward yesterday after a big drop with Bitcoin and Ethereum being up by 15% and 17% respectively.

The move came on the back of El Salvador president Nayib Bukele releasing rendered images of the proposed Bitcoin mining unit powered by the country’s active volcanoes (the thermal energy generated from volcanoes can be converted into electricity, and in turn be used to power mines).

Issue 12 June 24th 2021

Crypto News