Cryptocurrency update: Bitcoin up by 3.2% and Ethereum rises by 2.5%
All the major cryptocurrencies were trading in green in the last 24 hours, except for Tether USDT and USD Coin which fell by 0.04% each
Bitcoin, the world’s largest cryptocurrency on Saturday, increased by 3.22% to $47, 661.75, while Ethereum also rose by 2.57% and was trading at $3,310.19. All the major cryptocurrencies were trading in green in the last 24 hours, except for Tether USDT and USD Coin which fell by 0.04% each, and were trading at $1.00 and $0.99 respectively.
Top 10 Cryptocurrency prices as on August 14, 2021
*All prices as of 14 August 2021, at 11:30 AM, Table Source:coinmarketcap.com. Conversion rate for the USD to INR used was $1=Rs 74.22
Polygon to merge with Hermez
In a first ever Crypto token merger, the two native tokens MATIC and HEZ will be merged as Ethereum scaling project Polygon (formerly Matic Network) has acquired Hermez Network for $250 million, the company said in a statement on Friday.
It also added that, since this is the first full-blown merger of two blockchain networks, all components of the Hermez project which includes technology, live solutions, team and HEZ token will be integrated into the Polygon ecosystem.
As part of the deal Hermez would be fully merged with Polygon and would be renamed as “Polygon Hermez”, along with 26 members of its staff who will join the Polygon’s team.
Crypto heist hacker returns most of $600 million stolen funds
Hackers behind one of the most of the biggest ever digital coin heists have now returned nearly all of the $610 million-plus they stole, Poly Network, the cryptocurrency platform targeted earlier this week by the attack said on Thursday. The hacker struck Poly Network, a company that handles cryptocurrency transfers on Tuesday in one of the biggest thefts of digital monies in history. But by Thursday, the perpetrator had given back almost all of the stolen funds in a slow trickle of transactions.