A crypto exchange Crypto.com confirmed that hackers stole nearly $34 million during Monday's hack. In a Tuesday update, the exchange revealed that hackers stole 443.93 bitcoin ($18.7 million), 4835.25 ether ($15.2 million) and approximately $66,200 in USD. The company faced criticism over its communication after the incident. The company's CEO only confirmed the hack on Wednesday, three days after it took place. In total, the hack affected 483 users. However, Crypto.com said that they fully reimbursed all of them. The…
Tag: PAX
DeFi: Paxos Adopts Chainlink’s Oracles (LINK) Network
Stablecoin provider Paxos has announced its partnership with Chainlink (LINK) to make use of its oracles. This partnership will promote the distribution of its PAX and PAXG tokens in the decentralized finance sector (DeFi). Integration of Chainlink’s Oracles Will Improve Paxos Stablecoin assets Paxos made this development known in a blog post on its website and revealed further details about the partnership. More specifically, Paxos will be integrating Chainlink’s decentralized price feeds for its tokens. This will enable Paxos smart…
1 year ago 
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March Sees BTC/USDT Trading Volume Triple While USDC and PAX Recorded an Upsurge
Bitcoin's massive market crash in March rocked the whole crypto market. It introduced a long period of volatility. Consequently, several altcoins plummeted too. Things were different, though for stablecoins that experienced impressive gains over Bitcoin (BTC). Hedging Against BTC Many crypto traders entered the stablecoin market to hedge against Bitcoin's increasing volatility. Tether, the popular and highly controversial stablecoin dominated transactions. According to BitMEX, the BTC/USDT trading almost tripled in March (21.6 million BTC). It had previously reached a value…
2 years ago 33
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