Happy Saturday, Hive!
This week's Crypto News Highlights consists of Metamask’s token swaps, Jon McAfee’s indiction for tax evasion, and a continuation of last week’s KuCoin’s Hack! So, read on!
After a hacking attack on the 26th of September that left KuCoin $280 million worth of cryptocurrencies short, the exchange is back for business.
KuCoin has resumed its deposit and withdrawal services for Bitcoin (BTC), Ethereum (ETH), and Ethereum-based Tether (USDT) after disabling it due to the hack.
Before resuming the services, KuCoin performed a wallet security strategy upgrade for the corresponding coins as well as to generate new deposit addresses for BTC, ETH, and USDT. Users can still access the old addresses but are recommended to update their deposit addresses.
MetaMask has introduced token swaps on the platform and promises ‘best prices across DeFi’.
Firefox users can now trade their digital assets for any token by using MetaMask Swaps within their MetaMask wallet.
Although it is currently only available on Firefox, Chrome users will soon be able to swap tokens too.
Founder of McAfee Associates, John McAfee has been arrested in Spain and is currently awaiting extradition to the United States.
The Department of Justice unsealed an indictment for tax evasion which alleges that McAfee has been hiding cryptocurrency and other assets in bank accounts under other names.
Other than that, the US Securities and Exchange Commission (SEC) has filed a civil complaint against McAfee alleging that he secretly made over $23 million from his help in promoting seven initial coin offerings (ICO).
Have you read our previous post about our Q3 2020 Report?
It has been a crazy third quarter over here at CoinGecko as the DeFi space continues to heat up in the summer, continuously breaking records with new trends and innovations.
Take a look at what we've had to say about yield farming, the NFT trend and so much more in our CoinGecko Q3 2020 Quarterly Cryptocurrency Report!
Download the full report here!
“If you go into a mindset where Ethereum is a database and basically you can change the database and make it work for you kind of like put away the limitations.” - Stani Kulechov
Together with Stani Kulechov, Founder and CEO at Aave, we discussed Flash Loans and aTokens! Check out our newest episode of CoinGecko Podcast to learn more. 😎
Give it a listen to it here
Or watch it here
This is the end of our Weekly round-up! Want more?
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