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Cryptocurrencies Price Prediction: Ethereum, DeFi, KuCoin – European Wrap 11 November

Cryptocurrencies Price Prediction: Ethereum, DeFi, KuCoin – European Wrap 11 November
FXStreet TeamFXStreet TeamFXStreet

Unannounced hard fork on Ethereum blockchain causes troubles for cryptocurrency industry

Sudden technical issues of Ethereum infrastructure provider Infura spooked the cryptocurrency community on Wednesday. Numerous trading platforms and wallet service providers, including Binance and MetaMask, were forced to suspend ETH deposits and withdrawals, citing price updates. Read more...

Hackers steal nearly $100 million from the DeFi sector since the start of the year

Hacker's activity in the DeFi space has been gaining traction since the start of the year. According to the recent CipherTrace report, the losses due to hacks, theft and fraud amounted to $99 million. Read more...

DeFi sector loses $100 million to hackers in 2020

KuCoin on track to reopen all operations after recovering 84% of the $280 million hack

The Asia-based cryptocurrency exchange KuCoin managed to recover 84% of the funds lost in the massive hack incident on September 25. The co-founder and the CEO of the exchange, Jonny Lyu, confirmed on his Twitter account that on-chain tracking, contract upgrade, and judicial recovery allowed to recover of about $235 million out of $280 million stolen by the hackers. Read more...

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Crypto Overview: Bitcoin tops $80,000 as US Treasury fights high yields – AERO, VIRTUAL rally

Crypto Overview: Bitcoin tops $80,000 as US Treasury fights high yields – AERO, VIRTUAL rally

Bitcoin extends gains above $80,000 as broader market risk-on sentiment persists. The scarce asset could extend its rally as the US Treasury combats high yields in the long-dated bond market, with further interventions on the horizon. Aerodrome Finance and Virtuals Protocol emerged as top performers over the last 24 hours.

Ripple and Stellar outlook: Key breakouts could fuel the next rally

Ripple and Stellar outlook: Key breakouts could fuel the next rally

Ripple and Stellar are showing signs of renewed strength after rallying over 53% and 27% in the previous week. Meanwhile, both altcoins are approaching key technical levels on Tuesday that could determine their next move. However, mixed on-chain signals with a slight bearish tilt suggest traders remain cautious amid the recent price gains.

Ethereum Price Forecast: BitMine scoops 32K ETH, hints at further gains

Ethereum Price Forecast: BitMine scoops 32K ETH, hints at further gains

Ethereum treasury company BitMine Immersion Technologies expanded its digital asset holdings last week with another round of acquisitions. The firm purchased 32,447 ETH during the week, lifting its holdings to 5.847 million ETH. That represents its largest purchase since the first week of July.

Strategy raises $2B, pauses Bitcoin purchases

Strategy raises $2B, pauses Bitcoin purchases

Strategy (MSTR) raised more than $2 billion through its latest share sales but did not purchase any Bitcoin during last week, instead allocating part of the proceeds to a newly established USD Cash pool.

Bitcoin: The US Treasury saves BTC

Bitcoin: The US Treasury saves BTC

Bitcoin extends gains, trading above $77,000 on Friday after rallying over 20% and reaching its highest level since mid-May. Crypto markets continue to cheer the US Treasury’s decision to double its debt buyback operations, posting their 7th-largest liquidation event in history.