THORChain becomes third largest DEX as Rune surges 50% in a week
Native asset settlement protocol THORChain has recorded the third-largest trading volume among non-centralized exchanges in the last week with users seemingly attracted to the high yield offered adjacent to its native token Rune (RUNE).Over the last week, THORChain’s trading volume h ...
Bitcoin price hovers near $35K as ETH, APT, QNT and RUNE turn bullish
Hopes of approval for a spot Bitcoin (BTC) exchange-traded fund by the United States Securities and Exchange Commission boosted Bitcoin’s price by 27% in October. This improved sentiment, attracting aggressive buying by crypto investors.Bloomberg senior ETF analyst Eric Balchunas highlight ...
SEC wins default judgment against Thor Technologies and founder
Thor Technologies, under the leadership of its founder David Chin, has faced a legal setback in an ongoing dispute with the U.S. Securities and Exchange Commission (SEC) over the unapproved sale of $2.6M in crypto asset securities.The SEC on Oct. 19 announced their victory after a default ...
THORSwap Enters Maintenance Mode to Prevent Illicit Fund Movements
THORSwap, a decentralized exchange (DEX) powered by multichain THORChain, has taken a proactive step by entering maintenance mode to prevent potential illicit fund movements through its platform. This decision was made after consulting with advisors, legal counsel, and law enforcement. Cross-chai ...
FTX Hackers Employ THORChain to Convert Stolen Ethereum into Bitcoin, Evading Detection
FTX hackers have taken a new approach, converting a substantial amount of stolen Ethereum (ETH) into Bitcoin (BTC) using THORChain, a decentralized platform. The hackers transferred 15,000 ETH, which is equivalent to approximately $24.75 million, in a strategic move to further obscure their activiti ...
Cryptocurrency Market Shows Resilience Amid Economic Worries on September 15
On September 15, there was a positive momentum in the cryptocurrency market, even in the face of hotter-than-anticipated economic data and inflation concerns. Major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), and Tron (TRX) maintained their positive performance. ...
Thorchain Suspended Due to Potential Vulnerability
Thorchain, the decentralized protocol that enables cross-chain trading of cryptocurrencies, has recently been temporarily suspended due to a potential vulnerability. This development followed reports on social media of a credible threat to the Thorchain Nine Realms platform and the THORsec securi ...