FORCE token sees volatile 24 hours following coordinated attack on ForceDAO

Hackers made off with 183 Ethereum (ETH), worth roughly $386,000 at the time of writing, following a coordinated attack on DeFi platform ForceDAO Sunday. Following an initial selloff, ForceDAO’s native FORCE token was in recovery mode on Monday, capping off a highly volatile 24 hours for the newly launched project.  ForceDAO detailed the Sunday exploit in a series of tweets, taking ownership of the “engineering oversight” that resulted in the attack, which centered around the platform’s xFORCE contract.  POST-MORTEM To the Force and DeFi community, we’d like to share a…

BTC, ETH, BNB, DOT, ADA, XRP, UNI, LTC, LINK, THETA

The total crypto market capitalization reached the important milestone of $2 trillion on April 5. As cryptocurrencies increase in value, they are likely to attract further investments from institutional investors because they can no longer afford to neglect it.  Less than three months ago, the crypto market had reached the $1 trillion in market cap for the first time ever. This rate of growth shows that investors are hugely bullish on the potential of the sector and the ones who delay their investment decisions may have to enter at much…

Marathon Digital stock soars after company ramps up BTC mining in Q1

Shares of Marathon Digital Holdings (MARA) surged on Monday after the cryptocurrency miner announced a significant increase in mining capacity in the first quarter, allowing it to up its stake in Bitcoin (BTC) by a considerable margin.  MARA stock jumped 15.8% to close at $56.56, marking a new all-time high. The crypto mining stock rose by as much as 17.1% earlier in the day. Marathon Digital’s share price closes at a new all-time high. Source: TradingView By comparison, the technology-focused Nasdaq Composite Index rose 1.7% on Monday. Meanwhile, the Bitwise…

GoDaddy Briefly Put Bitcoin.com Up for Sale By Mistake

Key Takeaways Domain registrar GoDaddy briefly and erroneously listed Bitcoin.com for sale, with a $100 million price tag attached. Roger Ver, Bitcoin Cash leader and operator of Bitcoin.com, commented on the false listing via Reddit. It is not clear why the issue arose, but it represents one of many branding issues for the Bitcoin Cash community. Share this article Web domain registrar GoDaddy briefly listed Bitcoin.com as available on Monday for a price of $100 million. Bitcoin Cash Leader Owns the Domain The Bitcoin.com web domain is currently the address…

Why The Return Of The Kimchi Premium Doesn’t Bode Well For Bitcoin

Bitcoin price is currently trading at a substantial premium on South Korean crypto exchanges – more than $6,000 per coin in USD equivalent. However, in the past this so-called “Kimchi Premium” has signaled the end of the bull trend. Is this a sign that things  across the crypto market could soon turn bearish? Or is there something else afoot going on with the US dollar and the South Korean won that is causing the discrepancy? Bitcoin FOMO Comes To A Boiling Point In South Korea, According To Price Premium Bitcoin…

Roger Ver calls out GoDaddy for wrongly listing Bitcoin.com as ‘for sale’

Bitcoin.com, a cryptocurrency news, mining, and wallet resource, is not for sale according to entrepreneur and site owner Roger Ver.  On Monday, Bitcoin.com appeared as a “premium domain” available for purchase on GoDaddy.com, the world’s largest domain registrar, for a minimum price of $100 million. The original sales listing of bitcoin.com before it was removed by GoDaddy. Ver contacted GoDaddy on Twitter and demanded that the listing be removed immediately,  saying: “Please remove this fake news that is damaging my real brand.” A screenshot of Ver’s Twitter messages to GoDaddy.com.…

XRP price surges 55% to a 3-year high amid push for financial inclusivity

XRP price saw a 55% breakout over the past two days as the sixth-ranked cryptocurrency by market cap has renewed its focus on the creation of a cross-border payment network that is inclusive and sustainable.  Data from Cointelegraph Markets and TradingView shows that XRP dropped to a low of $0.566 in the early hours on April 4 before a wave of trading volume helped lift its price to a high of $0.877 within the last few hours. XRP/USDT 4-hour chart. Source: TradingView The uptick in trading volume was sparked after…

Celsius wins ‘best cryptocurrency wallet’ award by FinTech Breakthrough

Celsius Network, a digital asset lending platform, has been awarded “best cryptocurrency wallet” at the fifth annual FinTech Breakthrough Awards — a yearly event that recognizes emerging companies at the intersection of finance and technology.  James Johnson, managing director at FinTech Breakthrough, described Celsius as being on a “worthy mission” to provide people with “better opportunities to gain financial freedom.” He continued: “We are thrilled to recognize Celsius for their success and momentum in this mission, serving as a true example of breakthrough technology in the FinTech space. We extend…

XRP User Files Lawsuit Against Nexo for $5M in Liquidations

Key Takeaways Popular lending platform Nexo has been charged with a class action lawsuit over the suspension of XRP. The lawsuit alleges that Nexo caused monetary losses of over $5 million for customers as a result of suspending XRP on the platform. Nexo says it was in adherence with regulations and its own terms and conditions. Share this article One day after the SEC filed legal action against Ripple in December 2020, Nexo suspended XRP. Now, one California resident is suing Nexo for $5 million in losses from the move.…

Key Ethereum Researchers Vote to Ship Proof-of-Stake in 2021

Key Takeaways Vitalik Buterin and other Ethereum researchers have supported launching “the merge” phase of Ethereum 2.0 in 2021. The initial Ethereum 2.0 roadmap planned for launching sharding ahead of the merge of Ethereum mainnet and the Beacon chain. Ethereum’s latest plans involve fast-tracking the merge ahead of sharding. Justin Drake told Crypto Briefing that he is “confident” that Proof-of-Stake will go live this year. Share this article Ethereum is preparing to launch Proof-of-Stake this year.  Proof-of-Stake on the Horizon Ethereum could ship Proof-of-Stake before the year is out.  Justin…