KuCoin Exchange Hacked, $150M Worth of Coins Stolen – September 28

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $10,917

Bitcoin price has risen past the $10,900 mark today, despite a significant hack of cryptocurrency exchange KuCoin.

Top-20 altcoins have had a strong 24 hours of price performance, with Ethereum and XRP rising 2% each, while Cardano and Tezos each surge by 9%.

Top Stories for September 28, 2020 πŸ”₯

πŸ‘‰ KuCoin Exchange Hacked, $150M Worth of Coins Stolen

Singaporean-based cryptocurrency exchange KuCoin was hacked during the weekend, losing over $150 million worth of user funds.

Several different types of coins were stolen in the hack, including BTC, USDT, LTC, XRP, ETH and a range of Ethereum-based tokens.

Tether and many other exchanges and platforms have blacklisted the stolen tokens, while KuCoin claims that all losses will be covered by an insurace fund.

πŸ‘‰ Uniswap Reaches $2B Total Value Locked, A DeFi First

Decentralized exchange Uniswap has become the very first decentralized finance (DeFi) protocol to reach $2 billion in total value locked – the amount of liquidity provided to the platform.

This makes up almost 20% of all DeFi protocol value, with a significant proportion of liquidity coming from ETH, USDT and WBTC.

πŸ‘‰ Ernst & Young Launches On-Chain Data Analysis Tool

“Big Four” accounting firm Ernst & Young (EY) has launched its very own on-chain data analysis tool, which they hope will make financial reporting for blockchain transactions more simple for users.

The solution enables the user to explore and visualize data for for specific transactions, addresses and blocks on the Bitcoin blockchain.

The beta version of the platform is already available for use by individual users for free.