Crypto Newsletter

Cardano (ADA) Shoots 22% To Two-Month High with Strong Development Activity

Amid the broader crypto market recovery post $1.9 trillion, the world’s fifth-largest cryptocurrency Cardano (ADA) is up by 22% in the last 24-hours. At press time, ADA is trading at a two-month high price of $1.79 and a market cap of $57.4 billion.

Smart Hashes offers online mining opportunities for beginners

Bitcoin mining is rapidly gaining popularity and cloud mining is an excellent investment choice for beginners since all complex tasks are solved by leased mining equipment, not by a stock market broker.

The biggest DeFi hit ever: Poly Network sees $600 million crypto heist

A decentralized finance (DeFi) cross-chain bridging protocol Poly Network recently announced that it has suffered an attack in which the hacker stole over $600 million across three blockchains.

Coinbase Q2 Earnings Shows Ethereum Trading Volumes Surpassed Bitcoin’s For First Time

On Tuesday, August 10, crypto exchange Coinbase released its second-quarter earnings report post the market hours. The NASDAQ-listed company reported a staggering revenue of $2.23 billion against the expected $1.78 billion.

Venmo enables users to automatically buy crypto with ‘cash back’ rewards

Paypal-owned payments firm Venmo has launched a new crypto 'cash back' feature that includes zero transactions on crypto purchases.

Man Sentenced to 8 Years in Prison for Stealing Nearly $7 Million of Crypto in Israel

Afek Zard, a resident of Israel, has been sentenced to eight years in prison for embezzling a large sum of cryptocurrency that belonged to a friend of his. The man, who refused to cooperate with the investigation, will have to pay a hefty fine as well.

Fake vax certificates renew calls for blockchain-based solution in Australia

With counterfeit Australian coronavirus vaccination certificates circulating online, local experts are calling for the national rollout of a blockchain-based vaccine passport to ensure the efficacy of the country’s “Covid certificate” system.

Poly Network hacker appears ready to return stolen funds

Following a massive $600 million exploit of cross-chain protocol Poly Network, the Poly Network hacker has claimed his willingness to return the stolen cryptocurrency funds.

Women from small cities contribute to 65% crypto sign ups in India

India’s regulatory uncertainties have not affected the investor’s sentiment towards crypto as the latest data from crypto exchanges suggests a rising influx of users.

Binance-owned Indian crypto exchange WazirX reported a 2,648% growth to date in user signups from smaller cities across India, also known as tier-II and tier-III cities, that can host up to 100,000 citizens.

Did Coinbase Lie About USDC to Investors? Here’s How It Could Backfire

Coinbase, the largest crypto exchange in the US had a long-running advertisement on its platform regarding the second-largest stablecoin USDC. The advertisement promised every dollar paid to investors would be used to back the USDC with $1 “in a bank account.” The Coinbase partnership has proven fruitful for the stablecoin as it managed to become the second-largest stablecoin after USDT.