Bitcoin Price

According to Coindesk, the price of the coin was $47,789 while its rivals Ethereum (-4.74%) or Dogecoin (-2.30%), respectively.

PAULSON SAID CRYPTOCURRENCIES WOULD EVENTUALLY BE “WORTHLESS”

According to Crystal Blockchain, hackers are using Wasabi’s privacy-focused, non-custodial Wasabi wallet to secure around $97 Million in stolen cryptocurrency from Liquid.

Public blockchain data indicates that Bitcoin from Liquid, which belonged to hackers, has been moved around in the last two weeks. On Aug. 29, 100 BTC, which is more than $4.8 Million, was sent from a hacker-linked address to two addresses. It was then split and sent again to smaller addresses before being moved to other addresses.

Coindesk reported that Parallel Finance, a cryptocurrency lending company, raised $22 million in Series A funding. This round valued the decentralized finance protocol (Defi), which is centered on Kusama and Polkadot, at $150 million.

CLICK HERE FOR MORE INFORMATION ON FOX BUSINESS

This round is one of the largest for a project built on Polkadot’s multi-chain network. It comes just months after Parallel’s pre-seed round funding of $2 million. The round was led by Polychain Capital with participation from Lightspeed Venture Partners and Slow Ventures as well as Blockchain Capital, Alameda Research, and Blockchain Capital.

By Alex Alena

Alex Alena has been the lead news writer at Cryptocurrency Updates. With a degree in communications, Matt has an uncanny ability to make the most complex subject matter easy to understand.