Troubled Babel Finance Lost Over $280 Million in Customer Funds in Proprietary Trading | Curated CoinCodeCap #29 July 2022
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While Bitcoin paves the path for crypto mass adoption, Ethereum becomes the sword of Keyboard warriors. Here’s what happened to the market yesterday:
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Troubled Babel Finance Lost Over $280 Million in Customer Funds in Proprietary Trading
The battered crypto lender Babel Finance reportedly lost 8,000 BTC and 56,000 ETH in proprietary trading with customer funds. In June, the lending platform halted withdrawals and is currently on the brink of bankruptcy. Keep Reading »
In just 7 days, P2P Trade in Nigeria has Surged by 258%
Many Nigerians are hoarding dollar-denominated digital assets, especially stablecoins and bitcoins, as a hedge against their country’s local currency collapsing, which has caused the naira, the country’s fiat currency, to drop to an all-time low on the black market. Keep Reading »
Bankrupt Celsius Confirms Client Emails Leaked by ex-Customer.io Engineer
Crypto lending service Celsius disclosed that some part of its customer data had been leaked in a third-party data breach. Reportedly, a Customer.io messaging platform engineer gained access to a list of Celsius client emails from an internal database and transferred it to a third-party bad actor. The number of emails leaked nor the kind of information leaked is yet to be disclosed. Keep Reading »
CoinCodeCap's Weekly Issue 13
Cryptocurrency exchange CoinFLEX is facing a huge crisis as one of its users, Roger Ver owes them $47 million. However, further investigation reveals that the investor holds the Flex coin of the exchange in collateral. Therefore, the total amount that Roger owes to CoinFLEX is $84 million. Keep Reading »
Market Updates
LDO Price Analysis July 2022
LDO is a token of the platform Lido. Its current price is around $1.40 by the time of writing, with a low of $0.406, and its market cap is 438 million dollars. Keep Reading »
CAKE Price Analysis July 2022
CAKE is a token of the platform PancakeSwap. Its current price is around $3.19 by the time of writing, with a low of $2.51, and has a market cap of 495 million dollars. Keep Reading »
ENJ Price Analysis July 2022
ENJ is a token of the platform Enjin. Its current price is around $0.5441 by the time of writing, with a low of $0.3824, and its market cap is 487 million dollars. Keep Reading »
ZIL Price Analysis July 2022
ZIL is a token of the platform Zilliqa. Its current price is around $0.03678 by the time of writing, with a low of $0.029, and its market cap is 481 million dollars. Keep Reading »
Crypto to Look Out for this Week: BTC, ETH, BSV, ICX, NEO
The price of cryptocurrencies has dropped by 60% in the last few months. This has made it hard to deny that we are in a bear market. The prices for smaller assets such as ZCash also decreased by over 80%, and other significant drops were noted across the board. Keep Reading »
Top 3 Metaverse Crypto to Look Out for in June 2022: ONT, APE, MANA
ONT is the cryptocurrency of Ontology, a distributed ledger technology that uses consensus protocols and verifiable rules to ensure security & integrity. The price of Ontology will most likely increase in the future and is expected to be a good investment. ONT is built on the Ontology Blockchain. It is a high-speed, low-cost public chain that provides decentralized identity and data solutions to other chains in Web3. Keep Reading »
Crypto Gambling Coins to Look Out for This Week
Crypto gambling has exploded in recent years as more and more people around the world are continuing to take advantage of the many benefits that can be enjoyed when virtual currency is used. Keep Reading »
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