Over $600 million worth of cryptocurrency has been stolen from decentralized cross-chain protocol Poly Network, which announced the attack on social media. Assets were taken from its wallets across the Binance Smart Chain, Ethereum, and Polygon networks.
PayPal-owned Venmo is expanding its support for cryptocurrency with the launch of a new feature that will let users automatically buy cryptocurrency using the cashback they earn from Venmo credit card purchases.
Coinbase’s net profit for the second quarter of the year was $1.6 billion, up nearly 4,900% from a year earlier, following a volatile trading period in the cryptocurrency space.
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Top stories in the Crypto Roundup today:
- DeFi Protocol Poly Network Hacked for Over $600 Million
- Venmo to Let Credit Card Holders Convert Cashback to Crypto
- Coinbase’s Profits Surge Past $2 Billion in Q2
- Daily Movers – AXS, BNB, MATIC
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