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DeFi Project bZx Exploited for Second Time in a Week, Loses $630K in Ether

The attack – the second in less than a week – began at just after 03:00 UTC Tuesday, when attackers apparently took out a flash loan of 7,500 ETH (approximately US$1.98 million), using 3,518 ETH (~$939,300) to purchase synthetic USD stablecoin sUSD from the issuer, which they then posted as collateral for a bZx loan, according to an analyst on Twitter. Continue reading DeFi Project bZx Exploited for Second Time in a Week, Loses $630K in Ether

Bitcoin Heads Into Historically Positive February on a Bullish Note

Bitcoin is holding its bullish trend while heading into the historically strong month of February. The top cryptocurrency picked up a bid below $7,000 on Jan. 3 and has been on an upward trajectory ever since, rising to three-month highs near $9,570 on Thursday, according to CoinDesk’s Bitcoin Price Index. Continue reading Bitcoin Heads Into Historically Positive February on a Bullish Note

Square Crypto Is Creating a ‘Lightning Development Kit’ for Bitcoin Wallets

Announced Tuesday, the new kit includes an API, language tools, demo apps and other features to help developers integrate support for Lightning payments into their own wallets. Existing bitcoin wallets will also be able to support Lightning through the new kit, rather than requiring companies to build a separate wallet. Continue reading Square Crypto Is Creating a ‘Lightning Development Kit’ for Bitcoin Wallets

Bitcoin’s Privacy and Scaling Tech Upgrade ‘Taproot’ Just Took a Big Step Forward

On Tuesday, Pieter Wuille, a Bitcoin Core contributor and the brains behind the update known as Taproot, submitted a work-in-progress code change to GitHub in what’s known as a “pull request,” showing the code is ready for more developer eyes. Continue reading Bitcoin’s Privacy and Scaling Tech Upgrade ‘Taproot’ Just Took a Big Step Forward

Tensions In Iran Acting As a Catalyst to a New Bitcoin All-Time High

If you think that the turmoil in Iran and the rest of the Middle East has nothing to do with bitcoin, think again. The king of cryptocurrencies has traded bullishly ever since the conflict between the U.S. and Iran started. bitcoin has pushed higher each time tensions were heightened. Continue reading Tensions In Iran Acting As a Catalyst to a New Bitcoin All-Time High