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Latest from Jennifer Sanasie
October Becomes Worst Month for Crypto Crimes; Crypto Exchange Uniswap Labs Raises $165M
DeFi protocols have lost over $718 million to eleven different hacks this month so far, according to research firm Chainalysis. Plus, decentralized exchange Uniswap Labs raises $165 million in a Series B funding round led by crypto-focused investment firm Polychain Capital.
How Market Manipulation Led to a $100M Exploit on Mango; Betterment Launches Crypto Offering
A rogue crypto trader utilized millions of dollars to manipulate the prices of Mango’s MNGO tokens on the namesake decentralized exchange (DEX) to eventually drain over $116 million in liquidity from the platform. Plus, the largest independent robo-advisor, Betterment, is letting its clients invest in a handful of crypto portfolios for the first time, but with a caveat: best not to go above 5% exposure.
Google Partners With Coinbase to Accept Crypto Payments for Cloud Services; CNN Ends its NFT Project
Google will start accepting crypto payments for cloud services early next year. The tech giant said it will receive crypto payment via an integration with crypto exchange Coinbase. Plus, the state of the NFT market as CNN is "saying goodbye" to its Web3 project Vault.
Huobi Global to Be Acquired by About Capital; PayPal Says it’s ‘Not Fining People for Misinformation’
Crypto exchange Huobi Global, one of the biggest token trading outposts in the Asia markets, has agreed to be purchased by Hong Kong-based investment company About Capital Management’s M&A fund. Plus, PayPal addresses its acceptable use policy (AUP) notice update that a spokesperson said “included incorrect information” and sparked a debate online.