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Bitcoin’s price has jumped above $30,000 for the first time, setting new all-time highs.

The price of the world’s largest cryptocurrency by market capitalization breaks above $30,000 around 12:15 UTC on January 2.

It has increased by 3.4% over the past 24 hours and is changing hands at about $30,300 as of press time. 

The price jump pushes bitcoin’s market capitalization to $557 billion, according to data from CoinGecko.

© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

After over three years of inactivity, an address associated with one of the largest hacks on Ethereum has begun to move ETH. In 2017, Parity lost over 150,000ETH (roughly $30M at the time of the hack) to a hacker who exploited a vulnerability in its multi-sig software wallet. At that time, it was the second-largest hack on Ethereum. The hacker then distributed 70,000 ETH evenly across seven wallets, one of which began to convert roughly 300 ETH to renBTC on December 27, 2020.

Address 0x4de76b3dfd38292ba71cf2465ca3a1d526dcb567 still holds 9,229ETH and has not made any moves since December 27. None of the other addresses associated with the Parity hack have moved their ETH.

© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Monero (XMR), Zcash (ZEC), and Dash (DASH) are all down double-digit percentages following an announcement that U.S. cryptocurrency exchange Bittrex will be delisting the privacy coins on January 15.

According to Bittrex, while the exchange “generally seeks to provide users up to 30 days to withdraw any delisted tokens… in certain instances the withdrawal period may be shortened.”

Bittrex has not provided details on what led to the delisting of the privacy coins. At the time of this post, XMR is down 12.34%, ZEC is down 11.24%, and DASH is down 10.45% over a 24-hour period.

© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

DeFi exploded in popularity in 2020 — and so did stealing from DeFi platforms. In all, there were 15 hacks of DeFi platforms amounting to $120 million funds being stolen.

Hackers nabbed bounties ranging from $135,000 and $25 million, according to The Block Research. Only $45.6 million was recovered. 

One protocol — bZx — was exploited twice in February via a contract bug that let the hacker execute a flash loan attack that netted around 1,200 ETH.

The DeFi hack with the largest stolen sum was Lendf.me’s $25 million attack. A reentrancy attack vector allowed a hacker to interact with a token contract as if they had lots of collateral, which they didn’t. The attacker then stole all the assets on the platform, only to subsequently return them.

For more information on DeFi the exploitation and hacks and hacks of 2020, see The Block Research 2021 Digital Asset Outlook Report.

© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.