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🚀This Research Firm spent $162000 on ____________
Say hello to another week, Geckos! Over the weekend, KuCoin was hacked to the tune of $150 Million Dollars. Although exchanges are usually well protected, this latest attack is another example of why it's always best to be extra careful with your assets, no matter where they are. If you have any assets in the exchange, it may be worth taking the time to catch up on what immediate actions they have taken here from Kucoin's official blog. Now onto something more cheerful, it may seem like the NFT space is finally seeing some action! Last week, Delphi Digital spent more than $160000 for five digital Axies on Axie Infinity, a blockchain game, as part of a crypto investment. It has been recorded as one of the most valuable purchases of NFTs ever. According to Delphi, the collectible pets get their value due to their rarity and traits. (Editor's Note: Now you can tell your parents that buying collectibles is an investment!) In today's news, crypto exchanges get hacked, blacklisted and achieve more records. Read on! | | |
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This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal. | | Kucoin Loses More Than $150 Million To Hackers One or more hackers have obtained the private keys to Kucoin's hot wallets, resulting in losses of over $150 million. The crypto exchange first detected large withdrawals of Bitcoin (BTC) and Ethereum (ETH) tokens to an anonymous wallet on Friday. Kucoin has since published a list of suspicious wallet addresses that have been associated with the attack. CoinDesk | | Russia Blacklists Binance Roskomnadzor, Russia's internet censorship agency has censored Binance, according to Binance Russia's director, Gleb Kostarev. Kostarev states that the reason for the prohibition was that Binance had caused an offence by publishing information on trading bitcoin. Although the move to blacklist Binance was already approved in June, the exchange was only recently informed of the decision. (Editor's Note: Always make sure to keep updated on and comply with your local laws. How cryptocurrencies are treated will greatly differ from country to country.) CoinDesk | | Uniswap Hits $2 Billion in TVL Uniswap has become the first DeFi protocol to reach $2 billion in total value locked (TVL). The top three tokens by liquidity in Uniswap are Ethereum, Tether (USDT) and wrapped Bitcoin (WBTC). As of the time of writing, $2.28 billion dollars worth of assets are currently held in the protocol. (Editor's Note: In case you didn't know, you can now check out what are the fully diluted valuations (FDV) and total value locked (TVL) of Defi related tokens right here on CoinGecko.com!) TheBlockCrypto | |
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| Bear MarketContrary to bull market, it indicates the direction of the market going for downward trend. It is called "bear" market because as bear attacks, it motions its paws downward - describing the movement of the market. Decentralized Finance (DeFi) refers to the movement of building decentralized financial applications that have no central authority and is censorship free. DeFi applications cover many use cases and a few popular ones are stablecoins, lending/borrowing and trading (decentralized excanges). By removing the middleman in systems, DeFi applications are able to achieve a better rate of returns for its users, while lowering barrier of entry as the application does not discriminate or censor any particular party from joinLearn about other Crypto terms here | | | |
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