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Over 1.2 Billion aUSD Minted in an Exploit of Polkadot’s DeFi Hub Acala

Polkadot’s decentralized finance (DeFi) hub Acala suffered a major attack on its newly launched liquidity pool on Sunday. The exploit allowed the hacker to mint more than 1.2 billion aUSD, the project’s stablecoin.  Shortly after the hack, the Acala team updated users on Twitter, noting that the exploit originated from a “misconfiguration of the iBTC/aUSD […]

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FTX’s Reddit approach could be the key to taking down Coinbase

Over the last few days, the crypto-market has notably improved. As expected, the same has had a positive effect on investors’ presence and participation too. While volumes have recovered, so has th The post FTX’s Reddit approach could be the key to taking down Coinbase appeared first on AMBCrypto.

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Another Stablecoin Depegs From USD Parity, Polkadot-Based AUSD Loses 98% in Value

2022 has been the year of broken stablecoins as a myriad of dollar-pegged crypto assets depegged from their dollar value this year. On August 14, the Polkadot-based stablecoin alpaca usd (AUSD) dropped below a U.S. penny in value, only to bounce back to the $0.95 region hours later. Reports say that the Acala protocol was […]

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ENJ/USD Price Prediction for 14TH August: Enjin Made a 1.67% Rise in Value

ENJ/USD’s Daily Chart Shows Price Action on a Steady Bullish Move. The rise in the value of ENJ/USD is steady as the price action rises with the 9-day moving average. But on the 4-hour chart, the price activities are quite erratic. It is quite a struggle between the bulls and the bears, but the bulls […]

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Cardano Set To Trigger Vasil Upgrade On Mainnet As ADA Price Readies For A Go At $1

Cardano’s development team deployed the final node version on the Vasil dev net alongside a new smart contract pre-production environment as the world’s largest proof-of-stake blockchain gears up for its most significant upgrade. According to the latest correspondence by InputOutput Global (IOG), if all goes well, the new node version -1.35.3- could usher in the Vasil […]

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Top 5 cryptocurrencies to watch this week: BTC, ADA, UNI, LINK, CHZ

Bitcoin price is targeting $25,000 and holding this level could trigger breakouts in ADA, UNI, LINK and CHZ. The S&P 500 rose for the fourth successive week as investors cheered on signs that inflation may have peaked. Bitcoin (BTC) and select altcoins also extended their recovery, suggesting that investors are increasing their exposure to risk […]

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Banks To Use Their Risk Management and Compliance Expertise To Compete In The Crypto Space

The Office of the Comptroller of the Currency (OCC), an independent bureau of the US Department of the Treasury, issued interpretive letters in 2020 and 2021 on banks’ activities in the crypto industry. The activities included providing cryptocurrency custody service for customers, holding deposits that serve as reserves for certain stablecoins, operating independent node verification […]

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New Yorkers Affected By The Cryptocurrency Crash Requested to Contact Attorney General’s Office

In a press release dated August 1, 2022, New York Attorney General Letitia James issued an investor alert calling upon New Yorkers who have been deceived or affected by the cryptocurrency crash to contact her office. A statement from the NY Attorney General read: “The recent turbulence and significant losses in the cryptocurrency market are […]

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Bitcoin [BTC]: Watch out for these bull run signs the next time you check the charts

Bitcoin [BTC] is feeling the heat of the rebound again after narrowly breaching its $25k resistance level over the last 24 hours. At the time of writing, the crypto was trading at $24,750 on the back The post Bitcoin [BTC]: Watch out for these bull run signs the next time you check the charts appeared […]

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SHIB/USD Daily Price Prediction for the 14TH of August: Shib Soars With a 20.67% Price Difference

The Price SHIB/USD suddenly skyrockets, after a period of a tug-of-war between Sellers and Buyers SHID/USD has been ranging sideways since 28th July. Although the price action was able to move slightly above the 9-day moving average, favouring the bulls, the price took a 20.67% leap to $0.00001525. SHIB Price Statistic Data SHIBUSD Price now: […]