Cryptocurrency Analysis and News Portal
Recently Cryptox.trade News covered the stablecoin tether and how the crypto asset’s market valuation jumped more than 1,500% in just over 500 days. In addition to this exponential increase, the decentralized stablecoin DAI’s market capitalization has also swelled significantly as DAI’s market valuation jumped more than 800% during the last
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Utopia, a decentralized, peer-to-peer ecosystem, the development of which was begun covertly in 2013 and released officially in November of 2019, providing access to secure and surveillance resistant communication and finance, this month launches Utopia USD stablecoin; UUSD. The UUSD stablecoin is built upon Utopia’s serverless, peer-to-peer blockсhain, that currently powers
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News of the hack caused the Yearn’s native currency YFI to fall by around 15%, from $35,000 to just under $30,000On February 5, Yearn Finance confirmed that their V1 yDAI vault has been exploited by a hacker. The DAI vault lost $11M with the hacker making away with $2.8M of
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The amount taken is unclear but Yearn shows percentage losses for the DAI vault in the triple digits. Source
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Balances of dai (DAI) and USD coin (USDC) on exchanges reached new all-time highs in the past week, according to data from Glassnode.The increase may be a bullish indicator for the crypto market as a whole if it reflects buyers’ plans to use the two stablecoins to buy more crypto
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Anti-stablecoin legislation has been a boon for donations to Coin Center, a cryptocurrency think tank and policy advocacy group, with the organization receiving over $100,000 in donations — paid out in stablecoins — two days after the bill was introduced. Cryptocurrency investors, entrepreneurs, and enthusiasts showed strong support for the industry’s
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On Nov. 14, an unknown party exploited flash loans via the decentralized finance protocol Value DeFi to the tune of $5.4 million. A number of individuals have received a portion of their stolen funds back, however, after pleading with the hacker using input data on the Ethereum blockchain.According to data
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Hackers were reportedly able to exploit savings pools at Gibraltar-based decentralized finance protocol Akropolis, getting away with more than $2 million in stablecoins. The firm stated on Twitter on April 12 that it had identified a hack “executed across a body of smart contracts in the savings pools.” Akropolis said the
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Decentralized finance platform Akropolis’s yCurve pools have been drained resulting in the loss of $2 million. Source
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MakerDAO’s DAI stablecoin is the latest crypto unicorn with a $1 billion market cap. DeFi’s total value locked hit a lifetime high. Hedge fund billionaire Ray Dalio said yesterday he isn’t keen on bitcoin; a few hours later, the cryptocurrency hit a three-year high. Top shelfCannot daiDai (DAI), MakerDAO’s dollar-pegged algorithmic
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