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| Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox! | | Good morning, Geckos! Jack Dorsey, CEO of digital payment network Square, announced the company's ambitions for Bitcoin mining in a tweet thread on October 15.
Dorsey also emphasized vertical integration possibilities for a company that manufactures mining equipment and unnecessary supply chain constraints in silicon production.
Historically, Square has been at the forefront of crypto engagement among publicly traded corporations.
In today's news, ProShares Bitcoin ETF goes public, $16M stolen from Indexed Finance, and Mexican startup utilize blockchain technology to certify Covid test.
Read on! | | | Alternative chains step up to the plate!Our Q3 2021 Quarterly Cryptocurrency Report is now out! Solana (SOL) and Avalanche (AVAX) have managed to attract large amounts of liquidity in Q3 2021. The two protocols managed to end the quarter with a 6% and 2% TVL dominance respectively. Binance Smart Chain (BNB) maintained its TVL dominance of 11%, though it has yet to recover its peak of 20% from May 2021. Meanwhile, Terra (LUNA) saw its protocol dominance rise to 5%, even though it only has a few major projects like Mirror (MIR) and Anchor (ANC). Ethereum (ETH), meanwhile, is maintaining its TVL dominance, even as TVL across all platforms has grown significantly. Learn more about the state of the crypto market through our Q3 2021 Report. | | |
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| Bitcoin Futures ETF Is Here The ProShares Bitcoin (BTC) futures-based exchange-traded fund (ETF) will go public today, pending no last-minute regulatory intervention.
Last Friday, the company filed a post-effective revised prospectus declaring its intention to start on October 18 with the ticker $BITO.
It will be the first crypto futures-based product to list on a US exchange, providing investors with the most direct Bitcoin spot market exposure available in the form of an ETF. TheBlockCrypto | | Indexed Finance Hacked For $16M On Thursday, a hacker stole $16 million from the decentralized finance (DeFi) project Indexed Finance (NDX), an Ethereum-based (ETH) initiative that creates tokens that reflect market indexes.
A hacker stole the assets that backed the value of the index tokens by exploiting a flaw in the protocol's smart contracts.
The protocol's team claims to have identified the attacker, who is "significantly younger" than they previously thought.
Decrypt | | Tackling Covid With Blockchain A Mexican startup is leveraging blockchain technology to improve the reliability of COVID-19 diagnostic tests, utilizing cryptography and the blockchain's real-time audibility to avoid counterfeiting and fraud.
MDS, a medical services company, has introduced a rapid test application and interpretation service and home PCR sample collection built specifically to react to COVID-19.
The results are given physically and digitally 24 hours later and will be authenticated with blockchain technology to ensure the authenticity of the test in real-time. CryptoPotato |
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