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Market Analysis

Read more about the article How Did the PolyNetwork Hacker Steal $600 Million? Security Experts Point Fingers

How Did the PolyNetwork Hacker Steal $600 Million? Security Experts Point Fingers

  • Post author:Auto News Feed
  • Post published:August 11, 2021
  • Post category:Market News

Over seven hours after it was first reported, details about an exploit that nabbed $600 million in digital assets from PolyNetwork have been slow to emerge. In the absence of…

Continue ReadingHow Did the PolyNetwork Hacker Steal $600 Million? Security Experts Point Fingers
Read more about the article VanEck Files for Futures Bitcoin ETF After SEC Hints at Path to Approval

VanEck Files for Futures Bitcoin ETF After SEC Hints at Path to Approval

  • Post author:Auto News Feed
  • Post published:August 11, 2021
  • Post category:Market News

Investment firm VanEck has filed for a Bitcoin futures exchange-traded fund (ETF)—a week after SEC Chair Gary Gensler hinted that the Commission may be inclined to approve such products.  The…

Continue ReadingVanEck Files for Futures Bitcoin ETF After SEC Hints at Path to Approval
Read more about the article Andreessen-Backed Helium Raises $111 Million to Grow Crypto Wireless Network

Andreessen-Backed Helium Raises $111 Million to Grow Crypto Wireless Network

  • Post author:Auto News Feed
  • Post published:August 11, 2021
  • Post category:Market News

Helium’s LongFi wireless network isn’t powered by big mobile carriers, but rather distributed node operators creating a blanket of coverage for Internet of things (IoT) devices in locations around the…

Continue ReadingAndreessen-Backed Helium Raises $111 Million to Grow Crypto Wireless Network
Read more about the article Coinbase Posts Record Profit of $1.6 Billion in Q2, Ethereum Trading Surpasses Bitcoin

Coinbase Posts Record Profit of $1.6 Billion in Q2, Ethereum Trading Surpasses Bitcoin

  • Post author:Auto News Feed
  • Post published:August 11, 2021
  • Post category:Market News

Coinbase announced second quarter earnings on Tuesday, posting a profit of slightly over $1.6 billion, which is nearly double what it posted in the first quarter. The company also announced…

Continue ReadingCoinbase Posts Record Profit of $1.6 Billion in Q2, Ethereum Trading Surpasses Bitcoin
Read more about the article BitMEX Settles Civil Charges With CFTC, FinCEN for $100 Million

BitMEX Settles Civil Charges With CFTC, FinCEN for $100 Million

  • Post author:Auto News Feed
  • Post published:August 11, 2021
  • Post category:Market News

The cryptocurrency exchange BitMEX has reached a $100 million settlement with the Commodity Futures Trading Commission and Financial Crimes Enforcement Network, according to a statement from the company. This past…

Continue ReadingBitMEX Settles Civil Charges With CFTC, FinCEN for $100 Million
Read more about the article Bored Ape NFT Sells for Over $1 Million in Ethereum as Market Floor Rises

Bored Ape NFT Sells for Over $1 Million in Ethereum as Market Floor Rises

  • Post author:Auto News Feed
  • Post published:August 11, 2021
  • Post category:Market News

CryptoPunks are considered the gold standard for collectible NFT avatar sets, but among the more recent NFT collections inspired by CryptoPunks, the Bored Ape Yacht Club has gained the most…

Continue ReadingBored Ape NFT Sells for Over $1 Million in Ethereum as Market Floor Rises
Read more about the article $1.2 Trillion Infrastructure Bill Passes Senate With Troubling Crypto Requirements

$1.2 Trillion Infrastructure Bill Passes Senate With Troubling Crypto Requirements

  • Post author:Auto News Feed
  • Post published:August 11, 2021
  • Post category:Market News

The U.S. Senate has passed the $1.2 trillion infrastructure bill with a crypto reporting requirement provision that has been described as “unworkable.” Senator Ted Cruz warned: “This infrastructure bill has…

Continue Reading$1.2 Trillion Infrastructure Bill Passes Senate With Troubling Crypto Requirements
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