$2.38 billion ‘rekt’ in crypto markets as Bitcoin drops to $42,000The global crypto market cap is $2 trillion with a 24-hour volume of $229.5 billion. The price of Bitcoin is $42,704.30 and the BTC dominance is at 40.4%.
by Shaurya Malwa Over $2.38 billion worth of Bitcoin and other cryptocurrencies were liquidated in the past 24 hours as the market fell by double-digit percentages, data from multiple sources showed. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. More news ⏬DeFi platform ‘bEarn Fi’ promises 105% compensation after $10 million hack, but is it the right thing?Cross-chain decentralized finance (DeFi) yield farming platform bEarn Fi fell victim to an exploit in its smart contract on Sunday, allowing a malicious user to siphon $10.85 million worth of Binance USD (BUSD) stablecoins from one of its vaults. Here’s why Ethereum’s Vitalik Buterin burned $7 billion in Shiba Inu (SHIB)Vitalik Buterin has destroyed 90% of his remaining holdings in Shiba Inu, with the leftover 10% allocated to a yet-to-be-determined charity. Ethereum poster child MakerDAO’s annual revenue breaks above $200 millionThe total projected annual revenue of lending platform MakerDAO, Ethereum’s decentralized finance (DeFi) “poster child,” has exceeded $200 million over the past weekend, according to analytics website MarketBurn. Crypto.com becomes official crypto and NFT sponsor of Ice Hockey World ChampionshipCryptocurrency services and products provider Crypto dot com has signed a two-year Official Sponsorship Agreement as the exclusive cryptocurrency and NFT sponsor of the 2021 IIHF Ice Hockey World Championship, as per a release over the weekend. Wall Street veteran says these Tether risks are behind crypto market selloffCaitlin Long, the founder of crypto bank Avanti Bank and a leading blockchain advocate, took to Twitter yesterday to explain the market sell-off, linking it to stablecoin issuer Tether. Here’s how stablecoins like DAI made an impact in the DeFi spaceThe crypto sector has witnessed growth since the decentralized finance (DeFi) summer of mid-2020. Elon Musk’s latest Dogecoin ‘trolling’ isn’t impressing the crypto communityTesla and SpaceX CEO Elon Musk argued on Twitter today that Dogecoin (DOGE) can beat Bitcoin (BTC) “hands down,” with just one small condition—almost every DOGE’s fundamental aspect needs to change, effectively turning it into a different token altogether. This crypto game is helping Filipinos make ends meet amid the pandemicAxie Infinity, a blockchain game that allows users to breed and trade digital pets as non-fungible tokens (NFTs), has exploded in popularity among residents of Cabanatuan City in the Philippines over the past few months. Jack Dorsey’s Square has ‘no plans’ to purchase more Bitcoin ‘at this point’Digital payments company Square, led by Twitter CEO Jack Dorsey, decided to hit the brakes—at least for the time being—on Bitcoin (BTC) purchases after losing $20 million on its previous crypto investments, the firm’s CFO Amrita Ahuja told Financial News yesterday. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🔥 Trending Sectors
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