Cryptocurrency

Cardano’s ADA token is now world’s third-largest cryp

A little-known digital token linked to the Cardano blockchain has just become the third-largest virtual currency in the world as network developers look to ride the boom in decentralized finance. With the so-called ADA cryptocurrency jumping around 50% over the past week alone, optimism is rising that new technological enhancements will allow smart contracts on…

Teenagers cash in on the NFT art manic boom

Last fall, Randi Hipper decided to, as she put it recently, “go in-depth with the crypto space.” After hearing about NFTs on Twitter and other social media platforms, Hipper, then a 17-year-old senior at Xaverian High School in Brooklyn, began releasing her own digital artworks — cartoonish and self-referential pieces showing her cruising in a…

Explainer: How hackers stole $600 mn in crypto tokens from Poly N

By Gertrude Chavez-Dreyfuss and Michelle Price WASHINGTON (Reuters) -Hackers pulled off the biggest ever cryptocurrency heist on Tuesday, stealing more than $600 million in digital coins from token-swapping platform Poly Network, only to return $342 million worth of tokens less than 48 hours later, the company said. Here is what we know so far about…

Over half of crypto tokens stolen in $610 mn hack now returned: R

By Tom Wilson LONDON (Reuters) – Hackers behind one of the biggest ever digital coin heists have now returned over half of the $610 million-plus they stole, the cryptocurrency platform targeted by the hack said on Thursday. Poly Network, a platform that facilitates peer-to-peer transactions, said on Twitter https://twitter.com/PolyNetwork2/status/1425733950614360064 that, as of 0818 GMT, hackers…