Panic At Stream Finance — $93 Million Loss Forces Platform Freeze
Stream Finance paused all deposits and withdrawals on its platform after reports disclosed that an external fund manager tied to the protocol suffered a loss of about $93 million. Related Reading: Crypto Exchanges Brace For EU Power Shift Toward Central Regulation According to Stream’s disclosure, the move came as the team sought time to investigate […]
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Amazon has announced the introduction of Stream+, an in-game virtual currency on its Twitch platform. In its early days, Bitcoin was considered as an in-game currency. Even though Bitcoin turned out to be much more than that, the in-game virtual currencies represent a huge market in their own right. The fact is now reiterated by Amazon with the launch of Stream+, a virtual currency for Twitch game streaming platform. The upcoming Stream+ virtual currency was announced at the recently held TwitchCon annual convention. According to Amazon Game Studios, the Stream+ virtual currency will debut....
Weak hands are panic selling, but long-term BTC holders have seen it all before. While new entrants to Bitcoin markets have been panic selling at a loss, the recent market slide has not vexed the old hands.Heavy selling in response to hints from Elon Musk that Tesla may soon sell its BTC stash saw Bitcoin prices tumble to their lowest levels in 20 weeks as the markets found support near $42,000 on Monday, May 17.According to on-chain analytics provider, Glassnode, the crash predominantly saw newer traders exiting from their positions at a loss while long-term hodlers stood their....
Gaming platform Twitch has revealed its own virtual currency, Stream+. The coin will get its first rollout in Amazon’s forthcoming game, Breakaway. Stream+: ‘Polls and Wagering,’ and More? Twitch, owned by Amazon, made the announcement yesterday, a day before the start of its annual TwitchCon event in San Diego. “Stream+ is a loyalty points system where....
KuCoin reported at least $129M of the affected funds are ‘safe.’ Following news of a security breach resulting in the loss of more than $200 million worth of tokens on KuCoin, many projects quickly reacted to prevent users’ holdings from being moved off to other exchanges. Speaking to Cointelegraph, KuCoin Global CEO Johnny Lyu said at least $129 million of the tokens affected in the breach and the Bitcoin (BTC), Ether (ETH), and ERC20 hot wallets impacted were “safe” or in a position to be recovered. Though reports initially stated hackers got away with $150 million in tokens, new....
According to the blockchain infrastructure company Paxos, the firm has frozen 11,184.38 pax gold (PAXG) tokens held on the platform FTX.com. The regulated token issuer noted that it was directed to freeze the PAXG tokens after “direction from U.S. federal law enforcement.” Paxos Complies With U.S. Law Enforcement Request to Freeze 11,184 PAXG Paxos updated the public on Nov. 12, 2022, and detailed that the company has frozen 11,184.38 pax gold (PAXG) tokens held on the FTX platform. The update was written by Paxos global general counsel, Ben Gray. PAXG is a crypto token....