Trending in Crypto: Weekly Crypto News Round-Up
The current week was mesmerizing for the entire crypto space as many crypto assets smashed their highest levels in history. Let it be Bitcoin, Ethereum, Binance Coin, Polkadot, Chainlink, Litecoin, and many more!
Other than the bull rally of the crypto assets, some other developments too grabbed the attention of not only the crypto space but the other sectors as well.
Cryptopia Exchange Hacked, Yet Again!
According to the official crime report, a cold wallet associated with the exchange has been hacked by transferring crypto assets worth nearly $45,000. It is been said that the wallet remained unused since its first hack in January 2019.
The hack occurred as the liquidator Grant Thornton permitted former users of the exchange to enter claims to retrieve their assets. The wallet belonged to a creditor, U.S. firm Stakenet, who had not lost funds in the 2019 hack.
Okcoin Delists BSV and BCV
Okcoin exchange is delisting Bitcoin Cash (BCH) and Bitcoin SV (BSV) in order to prevent the customers get confused with the dominant crypto bitcoin.
“This is not an easy decision. We had a choice and there is collateral damage, but we had to stand up for the bigger principle we believe in,” said Okcoin CEO Hong Fang.
Bitcoin Cash and Bitcoin SV are the hard forks of the major crypto Bitcoin.
Microstrategy Adds up more Bitcoin
Microstrategy continues accumulating bitcoin as much as possible as it holds the Bitcoin bull run to go to the highest ever levels. The CEO, Micheal Saylor on Friday confirmed the completion of a $1.05 billion debt offering, which will allow the company to buy Bitcoin worth another billion.
The company owns nearly 71,039 bitcoins worth more than $4 billion at the time of writing.
The berlin hard fork of Ethereum is scheduled for Mid-April
The live swapping from the Proof-of-work to proof-of-stake on the ethereum blockchain is scheduled in mid-April with a hard fork. The Ethereum developers have programmed the Berlin hard fork for April 14 at the block height of 12,244,000 as discussed at the Ethereum All Core Developers Meeting.
The Berlin hard fork was initially scheduled for June or July 2020 but was delayed due to centralization concerns.
Pancake swap becomes the leader of DEX
Pancake swap, an AMM and yield farm built on Binance Smart Chain, becomes the leader of the decentralized exchange platform, outshining the popular Uniswap Interface. The platform achieved the milestone with less number of coins compared to that of Uniswap platform with less no of trading pairs and visitors.
On the other hand, the transactions on the Binance Smart chain rose to the highest levels, Ethereum’s huge gas fees fueled the surge. And the native token of Binance rose like a monster to secure the third position in the cryptocurrency ranking list after Bitcoin and Ethereum.
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